Sustainable Municipal Income ETF Fund (JMSI) Performance
JMSI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.3% since Dec 31, 2025
- 1 year
- −0.8% total return
- 3 years
- +4.2% a year
- Since first price
- +2.6% a year since 2023
JMSI trailing returns vs AGG, TLT, SPY
| Period | JMSI total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.5% | +1.2% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.8% | −1.7% | −0.4% | −1.0% | +3.2% |
| 6 months | −2.0% | −3.8% | −1.5% | −3.8% | +7.8% |
| YTD | −1.3% | −4.0% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.8% | −4.4% | −1.1% | −6.9% | +14.4% |
| 3 years | +13.2%+4.2%/yr | +1.3% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionJul 17, 2023 | +8.8%+2.6%/yr | −3.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JMSI vs AGG
From Jul 17, 2023: JMSI grew to $10,877, AGG to $11,072.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JMSI returns by calendar year
2 of 2 full years positive. Best 2025 (+4.4%), worst 2024 (+2.8%). 2026 is year to date.
JMSI annual returns table
| Year | JMSI | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.3% | −6.5% | −1.0% | −3.4% | +12.3% |
| 2025 | +4.4% | −3.6% | +7.2% | +4.3% | +17.7% |
| 2024 | +2.8% | −2.1% | +1.3% | −8.1% | +24.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JMSI largest drawdowns
Now 3.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 26, 2026 | −6.5% | Sep 29, 2026 | not yet | 7 months | 8 months so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
JMSI risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +3.1% | +1.9% |
| Volatility (annualized) | 5.1% | 5.2% |
| Sharpe ratio | -0.24 | -0.47 |
| Sortino ratio | -0.32 | -0.60 |
| Best month | +5.0% | +5.0% |
| Worst month | −4.1% | −4.1% |
| Best 12 months | +10.1% | +10.1% |
| Worst 12 months | −2.5% | −2.5% |
| Positive months | 67% | 63% |
| Beta vs S&P 500 | 0.25 | — |
| Correlation with S&P 500 | 0.61 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JMSI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 28 | −2.5% | +3.9% | +10.1% | 93% |
| 3-year (a year) | 4 | +3.1% | +3.6% | +4.4% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
JMSI performance overview
Sustainable Municipal Income ETF Fund (JMSI) returned −0.8% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +2.6% a year, turning $10,000 into about $10,877. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −6.5%, from Feb 26, 2026 to Sep 29, 2026; the fund has not yet regained that high. Volatility has been 5.2% a year.
Related: JMSI chart, JMSI dividends, JMSI bond profile. See the JMSI overview for the latest quote and fund facts.
JMSI performance FAQ
What is the JMSI return over the past year?
JMSI returned −0.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.4%.
How much would $10,000 invested in JMSI be worth?
$10,000 invested in JMSI at its first recorded close on July 17, 2023 would be worth about $10,877 on October 23, 2026 with distributions reinvested.
What was the worst year for JMSI?
The worst calendar year was 2024, with a total return of +2.8%. The best was 2025 at +4.4%.
What is the biggest drawdown of JMSI?
The largest peak-to-trough decline was −6.5% between February 26, 2026 and September 29, 2026. It has not yet recovered to that high; it is 3.2% below its peak.
How volatile is JMSI?
Over the past 3 years JMSI had an annualized volatility of 5.1% and a Sharpe ratio of -0.24 (excess return over 1–3 month T-bills per unit of risk).