J.P. Morgan Exchange-Traded Fund ETF (JMST) Performance
JMST total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.1% since Dec 31, 2025
- 1 year
- +2.7% total return
- 5 years
- +2.5% a year
- Since first price
- +2.2% a year since 2018
JMST trailing returns vs AGG, TLT, SPY
| Period | JMST total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.6% | +0.4% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.7% | +0.0% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.4% | −0.1% | −1.5% | −3.8% | +7.8% |
| YTD | +2.1% | −0.1% | −1.0% | −3.4% | +12.3% |
| 1 year | +2.7% | −0.1% | −1.1% | −6.9% | +14.4% |
| 3 years | +10.5%+3.4%/yr | +0.9% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +13.0%+2.5%/yr | −0.3% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionOct 18, 2018 | +18.8%+2.2%/yr | +1.7% | — | — | — |
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: JMST vs AGG
From Oct 18, 2018: JMST grew to $11,885, AGG to $11,616.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JMST returns by calendar year
7 of 7 full years positive. Best 2023 (+3.6%), worst 2022 (+0.1%). 2026 is year to date.
JMST annual returns table
| Year | JMST | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +2.1% | −0.5% | −1.0% | −3.4% | +12.3% |
| 2025 | +3.4% | −0.7% | +7.2% | +4.3% | +17.7% |
| 2024 | +3.3% | −0.2% | +1.3% | −8.1% | +24.9% |
| 2023 | +3.6% | −0.3% | +5.7% | +2.8% | +26.2% |
| 2022 | +0.1% | −1.1% | −13.0% | −31.2% | −18.2% |
| 2021 | +0.3% | −0.2% | −1.8% | −4.6% | +28.7% |
| 2020 | +2.0% | −2.4% | +7.5% | +18.2% | +18.3% |
| 2019 | +2.1% | −0.2% | +8.5% | +14.1% | +31.2% |
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.
JMST risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +3.3% | +2.3% | +2.1% |
| Volatility (annualized) | 0.7% | 0.9% | 0.8% |
| Sharpe ratio | -1.77 | -1.67 | -0.68 |
| Sortino ratio | -1.70 | -1.64 | -0.82 |
| Best month | +0.8% | +0.8% | +0.8% |
| Worst month | −0.4% | −0.4% | −0.4% |
| Best 12 months | +4.4% | +4.4% | +4.4% |
| Worst 12 months | +2.1% | −1.0% | −1.0% |
| Positive months | 92% | 77% | 79% |
| Beta vs S&P 500 | 0.03 | 0.03 | — |
| Correlation with S&P 500 | 0.45 | 0.54 | — |
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.
JMST rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 85 | −1.0% | +2.3% | +4.4% | 87% |
| 3-year (a year) | 61 | +0.6% | +1.6% | +3.5% | 100% |
| 5-year (a year) | 37 | +1.4% | +1.9% | +2.5% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
JMST performance overview
J.P. Morgan Exchange-Traded Fund ETF (JMST) returned +2.7% over the past year and +2.5% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +2.2% a year, turning $10,000 into about $11,885. Over the same year U.S. bonds (AGG) returned −1.1%.
Related: JMST chart, JMST dividends, JMST bond profile. See the JMST overview for the latest quote and fund facts.
JMST performance FAQ
What is the JMST return over the past year?
JMST returned +2.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.1%.
What is the average annual return of JMST?
JMST has returned +2.5% a year over 5 years, +2.2% a year since October 18, 2018 (total return, distributions reinvested).
How much would $10,000 invested in JMST be worth?
$10,000 invested in JMST at its first recorded close on October 18, 2018 would be worth about $11,885 on October 23, 2026 with distributions reinvested.
What was the worst year for JMST?
The worst calendar year was 2022, with a total return of +0.1%. The best was 2023 at +3.6%.
How volatile is JMST?
Over the past 3 years JMST had an annualized volatility of 0.7% and a Sharpe ratio of -1.77 (excess return over 1–3 month T-bills per unit of risk).