JCAL vs JMHI
JPMorgan California Tax Free Bond ETF vs JPMorgan High Yield Municipal ETF
Which is better, JCAL or JMHI?
JCAL has been ahead.
JCAL has a lower expense ratio. JCAL led over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JCAL | JMHI |
|---|---|---|
| Expense Ratio | 0.34%Best | 0.35% |
| AUM | $510M | $298M |
| Dividend Yield | 0.89% | 4.73% |
| Holdings | 619 | 242 |
| YTD Return | -4.16% | -3.52%Best |
| 1Y Return | - | -2.84% |
| 3Y Return (annualized) | - | +4.74% |
| Fund Family | J.P. Morgan Asset Management | J.P. Morgan Asset Management |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Jun 12, 2026 | Jul 14, 2023 |
Not shown on this pair: 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
JCAL vs JMHI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
JCAL vs JMHI Performance
JPMorgan California Tax Free Bond ETF (JCAL) is an ETF from J.P. Morgan Asset Management and JPMorgan High Yield Municipal ETF (JMHI) is an ETF from J.P. Morgan Asset Management. Year to date, JCAL is down 4.16% versus a loss of 3.52% for JMHI.
Past performance does not guarantee future results.
Fees and Cost Over Time
JCAL charges 0.34% per year while JMHI charges 0.35%. On a $10,000 position that is $34 vs $35 annually, a gap of $1 per year that compounds over a long holding period. On income, JCAL currently yields 0.89% against 4.73% for JMHI.
Holdings Overlap
We hold position weights for 83 holdings in JCAL and 153 in JMHI, totalling 35.4% and 68.3% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 23 positions appear in both.
23 positions in common, counted across the 83 positions we hold weights for in JCAL and 153 in JMHI, against full books of 619 and 242.
Top Shared Holdings
| Stock | Weight in JCAL | Weight in JMHI | Difference |
|---|---|---|---|
| OH BUCGEN 5 06/01/20Buckeye Tobacco Settlement Financing Auth Oh Ref-Senior-Class 2-Ser B-2 5.000 Jun 01 55 | 0.65% | 1.29% | 0.64% |
| CA GLDGEN 0 06/01/20Golden St Tobacco Securitizati Regd Zcp Oid B/E 0.00000000 | 0.39% | 0.82% | 0.43% |
| CA GLDGEN 5 06/01/20Golden State Tobacco Securitization Corp 2051-06-01 | 0.49% | 0.65% | 0.16% |
| GA MAIUTL 04/01/2054Main Str Nat Var 04/54 5%04/01/2054 | 0.40% | 0.71% | 0.31% |
| AL BBEUTL 03/01/2055Black Belt Energy Gas Dist Ala 5% Nov 01, 2034 | 0.54% | 0.35% | 0.19% |
| WI PUBGEN 5.75 07/01Public Finance Authority 5.75% 07/01/2054 | 0.19% | 0.69% | 0.50% |
| CA CASGEN 5.25 12/01Casgen 5.250 12/01/56 | 0.19% | 0.68% | 0.49% |
| OH JPADEV 12/01/2053Jefferson Cnty Oh V/R 12/01/53 | 0.20% | 0.52% | 0.32% |
| CA CASFIN 5 12/31/20California Mn A 5% 12/31/28 @ | 0.35% | 0.33% | 0.02% |
| AL BLWPOL 06/01/2055BALDWIN CNTY VAR 06/55 | 0.19% | 0.43% | 0.24% |
You are not choosing between two funds in isolation.
Whichever of JCAL and JMHI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JCAL or JMHI?
JCAL has an expense ratio of 0.34% while JMHI charges 0.35%. JCAL is the cheaper option, by $1 a year on a $10,000 investment.
Which pays a higher dividend, JCAL or JMHI?
JCAL yields 0.89% while JMHI yields 4.73%, so JMHI currently pays the higher dividend yield.
Is JMHI better than JCAL?
JCAL has a lower expense ratio. JCAL led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.