JPMorgan Municipal Competition

JMUB Etf

USD 50.45 -0.02 -0.04%

JPMorgan Municipal competes with Dimensional ETF, Pacer Small, Dimensional ETF, WisdomTree MidCap, and SPDR EURO and other related companies. The list provides context for competitive positioning. This screen separates narrative from data by ranking JPMorgan Municipal against peer metrics.

Pair Correlation for JPMorgan Municipal and IShares Financials Snapshot

Very good diversification

JMUB currently posts a -0.49 correlation with IYF, indicating a Very good diversification relationship for the active sample. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.

Moving together with JPMorgan Etf

0.99	MUB	iShares National Muni Sell-off Trend	Pair Corr
0.99	VTEB	Vanguard Tax Exempt Sell-off Trend	Pair Corr
0.99	FMB	First Trust Managed	Pair Corr
0.97	ITM	VanEck Intermediate Muni	Pair Corr
0.99	DFNM	Dimensional ETF Trust	Pair Corr

Moving against JPMorgan Etf

0.68	MDBX	Tradr 2X Long	Pair Corr
0.6	ENAV	Collaborative Investment Trending	Pair Corr
0.57	AVGG	Leverage Shares 2X	Pair Corr

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Mean reversion in JPMorgan Municipal is distinct from trend following. Where trend followers ride price momentum, mean reversion investors bet that extended moves will reverse once the underlying driver runs out of fuel.

Hype

Prediction

Low	Estimated	High
50.29	50.42	50.55

Details

Intrinsic

Valuation

Low	Real	High
50.34	50.47	50.60

Details

Competitive analysis of JPMorgan Municipal involves measuring JPMorgan Municipal's strategic position, financial performance, and market valuation against direct competitors. This relative analysis is the foundation of most institutional investment decisions.

JPMorgan Municipal Competition Correlation Matrix

Studying peer correlation around JPMorgan Municipal gives investors a cleaner read on how much independent price behavior still exists across the competitive set. The useful question is whether competitors are behaving like true alternatives or simply tracking the same sector move with different volatility.

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.08	-0.01	0.24	0.02	0.12	0.04	0.27	-0.13	-0.07	META
MSFT	0.08		0.85	0.16	-0.92	0.83	0.97	0.64	-0.89	-0.95	MSFT
UBER	-0.01	0.85		0.15	-0.9	0.81	0.83	0.52	-0.76	-0.81	UBER
F	0.24	0.16	0.15		-0.21	0.55	0.1	0.52	0.0	-0.26	F
T	0.02	-0.92	-0.9	-0.21		-0.85	-0.87	-0.53	0.84	0.88	T
A	0.12	0.83	0.81	0.55	-0.85		0.79	0.8	-0.69	-0.86	A
CRM	0.04	0.97	0.83	0.1	-0.87	0.79		0.68	-0.88	-0.96	CRM
JPM	0.27	0.64	0.52	0.52	-0.53	0.8	0.68		-0.48	-0.72	JPM
MRK	-0.13	-0.89	-0.76	0.0	0.84	-0.69	-0.88	-0.48		0.88	MRK
XOM	-0.07	-0.95	-0.81	-0.26	0.88	-0.86	-0.96	-0.72	0.88		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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High positive correlations

CRM	+ 0.97	MSFT
XOM	+ 0.88	T
XOM	+ 0.88	MRK
UBER	+ 0.85	MSFT
MRK	+ 0.84	T
A	+ 0.83	MSFT

High negative correlations

XOM	- 0.96	CRM
XOM	- 0.95	MSFT
T	- 0.92	MSFT
T	- 0.9	UBER
MRK	- 0.89	MSFT
MRK	- 0.88	CRM

JPMorgan Municipal Constituents Risk-Adjusted Indicators

Evaluating JPMorgan Etf requires separating price momentum from underlying business quality relative to competitors. Risk-adjusted metrics allow investors to compare JPMorgan Municipal's efficiency and downside exposure against peers in a more meaningful way. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.48	0.01	0.00	-0.08	0.00	0.00	2.33	-2.82	14.24
MSFT	1.26	-0.26	0.00	-0.63	0.00	0.00	2.19	-2.87	13.28
UBER	1.52	-0.11	0.00	-0.30	0.00	0.00	3.18	-3.60	11.09
F	1.34	-0.10	0.00	-0.18	0.00	0.00	3.61	-3.07	10.01
T	1.11	0.19	0.20	-1.16	1.17	-1.22	3.87	-1.92	8.53
A	1.26	-0.28	0.00	-0.36	0.00	0.00	2.48	-3.01	7.20
CRM	1.82	-0.38	0.00	-0.67	0.00	0.00	3.41	-4.75	9.78
JPM	1.12	-0.02	0.00	-0.10	0.00	0.00	2.02	-2.63	8.17
MRK	1.13	0.32	0.25	0.62	1.22	-1.26	2.54	-1.98	7.29
XOM	1.34	0.44	0.34	5.51	1.15	-1.54	2.90	-2.44	6.83

JPMorgan Municipal Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	JMUB	DFIS	CALF	DISV	DON	FEZ	SLYV	VAW	RECS	DXJ
	0.04 50.45 JPMorgan	0.65 33.44 Dimensional	0.00 44.70 Pacer	1.49 38.45 Dimensional	0.29 52.02 WisdomTree	0.55 62.15 SPDR	0.42 93.20 SPDR	1.69 215.46 Vanguard	0.28 39.14 Columbia	1.76 155.03 WisdomTree
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Contained	Soft	Weak	Contained	Weak	Weak	Weak	Mild	Weak	Moderate
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Fair	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Over Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Under Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Buy	Strong Sell	Strong Buy	Strong Hold	Hold	Strong Hold	Strong Buy	Strong Hold	Strong Buy
Price To Sales	N/A	N/A	N/A	N/A	1.32	1.0	0.68	1.42	N/A	0.65
Equity Positions Weight	0.09	99.99	99.87	100.0	100.0	99.79	99.71	99.22	99.76	100.0
Three Year Return	3.7	18.8	7.4	24.0	12.9	18.3	10.7	11.0	20.7	37.0
Net Asset	239.23 M	174.28 M	1.21 B	369.81 M	3.19 B	1.46 B	3.52 B	3.38 B	63.19 M	1.9 B
Price To Book	N/A	N/A	N/A	N/A	2.14	1.5	1.66	3.46	N/A	1.0
Five Year Return	1.3	N/A	2.6	N/A	7.7	10.3	3.9	6.9	13.8	24.1
One Year Return	4.5	30.4	20.6	35.4	8.3	13.9	18.9	20.6	19.5	41.6
Last Dividend Paid	0.0704	N/A	0.084	N/A	0.25	0.35	0.27	0.8	0.11	0.59
Ten Year Return	N/A	N/A	N/A	N/A	8.9	9.6	9.2	10.7	N/A	16.8
Beta	0.82	1.09	1.15	1.01	0.95	1.13	1.22	1.2	0.98	0.25
Price To Earning	N/A	N/A	N/A	N/A	20.38	2.47	25.11	20.15	N/A	14.2
Day Typical Price	50.44	33.34	44.83	38.64	51.97	61.9	92.98	214.79	39.18	154.69
Accumulation Distribution	6.0E-4	0.0087	0.0168	0.0144	0.0027	0.0119	0.007	0.0094	0.0033	0.0065
Market Facilitation Index	0.03	0.29	0.76	0.56	0.14	0.74	0.65	2.02	0.13	1.01
Daily Balance Of Power	-0.67	-0.76	N/A	-1.04	-1.07	0.4595	0.6	-1.84	-0.85	-2.74
Period Momentum Indicator	-0.02	-0.22	N/A	-0.58	-0.15	0.34	0.39	-3.71	-0.11	-2.77
Rate Of Daily Change	1.0	0.99	1.0	0.99	1.0	1.01	1.0	0.98	1.0	0.98
Day Median Price	50.44	33.3	44.89	38.73	51.95	61.78	92.88	214.45	39.21	154.53
Price Action Indicator	0.005	0.035	-0.19	-0.57	-0.01	0.54	0.52	-0.84	-0.12	-0.88
Relative Strength Index	43.57	40.89	45.28	39.27	39.63	39.91	42.82	39.52	38.86	46.63
Coefficient Of Variation	1087.53	1483.71	-33,543	1212.59	-6,839	-1,897	-6,412	1244.8	-1,091	758.12
Mean Deviation	0.0834	0.6874	0.6914	0.7091	0.6277	0.8345	0.7986	0.8938	0.5983	0.8703
Jensen Alpha	0.004	0.115	-0.03	0.1281	0.0482	0.0122	0.0702	0.177	-0.01	0.2332
Total Risk Alpha	0.0144	0.1543	0.0853	0.1735	0.0656	0.05	0.0886	0.218	0.0024	0.2824
Sortino Ratio	0.4691	0.1171	N/A	0.1269	N/A	N/A	N/A	0.1252	N/A	0.1771
Downside Variance	0.0346	1.41	N/A	1.5	N/A	N/A	N/A	1.91	N/A	1.79
Standard Deviation	0.1221	0.9361	0.9059	0.9629	0.8081	1.08	1.07	1.21	0.7543	1.22
Kurtosis	4.61	1.52	0.8727	1.07	0.0833	0.7041	0.4984	0.2406	0.5296	1.36
Potential Upside	0.1399	1.41	1.48	1.55	1.6	1.52	2.01	1.96	0.837	2.13
Treynor Ratio	0.0379	0.0738	0.0537	0.1017	-0.03	-0.07	-0.02	0.0835	-0.1	0.157
Maximum Drawdown	0.7086	5.1	4.81	5.04	3.56	5.33	5.36	5.15	3.91	7.25
Variance	0.0149	0.8763	0.8207	0.9272	0.653	1.17	1.13	1.46	0.569	1.48
Market Risk Adjusted Performance	0.0479	0.0838	0.0637	0.1117	-0.02	-0.06	-0.01	0.0935	-0.09	0.167
Risk Adjusted Performance	0.018	0.0551	-0.0012	0.0673	-0.01	-0.04	-0.01	0.0673	-0.07	0.1084
Skewness	-1.73	-0.84	0.5144	-0.73	0.2632	-0.72	0.1819	-0.57	-0.43	-0.22
Semi Deviation	0.103	1.09	N/A	1.07	N/A	N/A	N/A	1.21	N/A	1.08
Information Ratio	0.7146	0.1486	0.0809	0.1614	0.0794	0.0175	0.0557	0.1431	0.0091	0.1943
Value At Risk	-0.25	-1.73	-1.29	-1.91	-1.37	-2.14	-1.81	-2.36	-1.46	-1.95
Expected Short fall	-0.09	-0.63	N/A	-0.65	N/A	N/A	N/A	-0.87	N/A	-0.89
Downside Deviation	0.1859	1.19	N/A	1.22	N/A	N/A	N/A	1.38	N/A	1.34
Semi Variance	0.0106	1.18	N/A	1.14	N/A	N/A	N/A	1.45	N/A	1.18

JPMorgan Municipal Competition Peer Performance Charts

How to Analyze JPMorgan Municipal Against Peers

JPMorgan Municipal's peer analysis compares JPMorgan Municipal with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether JPMorgan Municipal trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where JPMorgan Municipal leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

The peer benchmarking view for JPMorgan Municipal is most useful when filtered by business model similarity rather than just sector classification, which can be too broad to be actionable. Sector and peer comparisons can improve selection when multiple related names appear investable.

Data shown for JPMorgan Municipal is aggregated from fund disclosures and market reference feeds and normalized across reporting formats. Source publication cadence can introduce delays.

This content is curated and reviewed by:

Michael Smolkin - Member of Macroaxis Board of Directors

Last reviewed on March 1st, 2026

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