{
  "page": "compare",
  "query": {
    "a": "JMST",
    "b": "VTES"
  },
  "retrieved_at": "2026-07-07T15:22:10+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "JPMorgan Ultra-Short Municipal Income ETF",
    "ticker": "JMST",
    "slug": "JMST",
    "series_id": "S000063269",
    "html_url": "https://fundwatcher.app/funds/JMST/"
  },
  "fund_b": {
    "name": "VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF",
    "ticker": "VTES",
    "slug": "VTES",
    "series_id": "S000079862",
    "html_url": "https://fundwatcher.app/funds/VTES/"
  },
  "overlap": {
    "coverage_a_by_b": "0.02808239197178717820077013839",
    "coverage_b_by_a": "0.02808239197178717820077013837",
    "shared_count": 252,
    "as_of": {
      "a": "2026-02-28",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "JPMorgan Institutional Tax Free Money Market Fund, Class IM",
        "value": "820987514.18",
        "weight": "0.13433149",
        "shared": false
      },
      {
        "name": "NYC MUNI WTR FIN AUTH",
        "value": "65000000.00",
        "weight": "0.01063542",
        "shared": false
      },
      {
        "name": "WASHINGTON ST-R-2026A",
        "value": "58514028.03",
        "weight": "0.00957417",
        "shared": false
      },
      {
        "name": "State of Minnesota, Various Purpose, Series 2025D",
        "value": "50297402.52",
        "weight": "0.00822975",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES",
        "value": "47593694.15",
        "weight": "0.00778737",
        "shared": false
      },
      {
        "name": "Township of Woodbridge",
        "value": "45378198.77",
        "weight": "0.00742486",
        "shared": false
      },
      {
        "name": "Maryland Health & Higher Educational Facilities Authority, Series 2025 C-1",
        "value": "45000000.00",
        "weight": "0.00736298",
        "shared": false
      },
      {
        "name": "Tarrant County Cultural Education Facilities Finance Corp., Series 2012, RB",
        "value": "42920000.00",
        "weight": "0.00702265",
        "shared": false
      },
      {
        "name": "County of Hamilton Sales Tax",
        "value": "42598229.52",
        "weight": "0.00697000",
        "shared": false
      },
      {
        "name": "NYC TRANSTNL-C6-VAR",
        "value": "40000000.00",
        "weight": "0.00654487",
        "shared": false
      },
      {
        "name": "HOUSTON TX UTILITY SYS REVENUE CITY OF HOUSTON TX COMBINED UTILITY SYSTEM REVENUE",
        "value": "40000000.00",
        "weight": "0.00654487",
        "shared": false
      },
      {
        "name": "NYC GEN OBLIG-A-4",
        "value": "40000000.00",
        "weight": "0.00654487",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST DEV FIN AGY REVENUE",
        "value": "40000000.00",
        "weight": "0.00654487",
        "shared": false
      },
      {
        "name": "City of Bristol",
        "value": "38046710.56",
        "weight": "0.00622527",
        "shared": false
      },
      {
        "name": "Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Variable Rate Series 2020",
        "value": "38000000.00",
        "weight": "0.00621763",
        "shared": false
      },
      {
        "name": "Township of Hamilton",
        "value": "37376308.50",
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      {
        "name": "Township of Parsippany-Troy Hills",
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      {
        "name": "Township of Livingston",
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      {
        "name": "City of Hudson, Limited Tax",
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        "weight": "0.00585463",
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      },
      {
        "name": "SAINT LUCIE CNTY FL POLL CONTR COUNTY OF ST LUCIE FL",
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        "weight": "0.00584948",
        "shared": false
      },
      {
        "name": "NYC WTR-AA-2",
        "value": "35000000.00",
        "weight": "0.00572676",
        "shared": false
      },
      {
        "name": "Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Series 2025A",
        "value": "34624721.25",
        "weight": "0.00566536",
        "shared": true
      },
      {
        "name": "State of Louisiana, Series 2023 A-2",
        "value": "33900000.00",
        "weight": "0.00554678",
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      {
        "name": "San Antonio Water System, Subordinate Lien, Series 2024A",
        "value": "33300000.00",
        "weight": "0.00544861",
        "shared": false
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      {
        "name": "MICHIGAN ST BLDG AUTH REVENUE",
        "value": "33000000.00",
        "weight": "0.00539952",
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      },
      {
        "name": "Maine School Administrative District No. 51, Series 2025B",
        "value": "32920059.25",
        "weight": "0.00538644",
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      {
        "name": "COLORADO SPRINGS CO UTILITIES REVENUE",
        "value": "32400000.00",
        "weight": "0.00530135",
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      },
      {
        "name": "Township of Teaneck",
        "value": "31810928.66",
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      {
        "name": "Clark County School District, Series 2025B",
        "value": "31595697.25",
        "weight": "0.00516975",
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      {
        "name": "Spartanburg County School District No. 7",
        "value": "31325372.90",
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      {
        "name": "Township of Cherry Hill",
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      {
        "name": "City of Albany",
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        "weight": "0.00491276",
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      {
        "name": "VALDEZ AK MARINE TERMINAL REVE VALTRN 05/31 ADJUSTABLE VAR",
        "value": "30000000.00",
        "weight": "0.00490866",
        "shared": false
      },
      {
        "name": "DELAWARE VLY REG-B",
        "value": "30000000.00",
        "weight": "0.00490866",
        "shared": false
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      {
        "name": "TNDR OPT-FLTR-046",
        "value": "30000000.00",
        "weight": "0.00490866",
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      {
        "name": "CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE",
        "value": "28482275.85",
        "weight": "0.00466032",
        "shared": false
      },
      {
        "name": "COLORADO ST HLTH FACS AUTH REV REGD V/R B/E 2.65000000",
        "value": "28100000.00",
        "weight": "0.00459777",
        "shared": false
      },
      {
        "name": "JERSEY CITY NJ",
        "value": "26877169.34",
        "weight": "0.00439769",
        "shared": false
      },
      {
        "name": "Township of Edison",
        "value": "26172019.32",
        "weight": "0.00428231",
        "shared": false
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      {
        "name": "Township of West Windsor",
        "value": "25969663.88",
        "weight": "0.00424920",
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      },
      {
        "name": "BLACK BELT ENERGY GAS FRN",
        "value": "25718728.94",
        "weight": "0.00420815",
        "shared": false
      },
      {
        "name": "Town of South Kingstown, Series 2025-1",
        "value": "25127257.50",
        "weight": "0.00411137",
        "shared": false
      },
      {
        "name": "Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2024, RB",
        "value": "25000000.00",
        "weight": "0.00409055",
        "shared": false
      },
      {
        "name": "Alaska Housing Finance Corp., Home Mortgage, Series 2007A",
        "value": "25000000.00",
        "weight": "0.00409055",
        "shared": false
      },
      {
        "name": "University of Colorado Hospital Authority, Series 2018, RB",
        "value": "25000000.00",
        "weight": "0.00409055",
        "shared": false
      },
      {
        "name": "City of Jacksonville, Health Care Facilities, Baptist Health",
        "value": "25000000.00",
        "weight": "0.00409055",
        "shared": false
      },
      {
        "name": "City of Sea Isle City",
        "value": "24931232.87",
        "weight": "0.00407929",
        "shared": false
      },
      {
        "name": "Connecticut Housing Finance Authority, Housing Mortgage Finance Program, Series 2025, Subseries C-3",
        "value": "24680000.00",
        "weight": "0.00403819",
        "shared": false
      },
      {
        "name": "MONMOUTH COUNTY IMPROVEMENT AUTHORITY/THE",
        "value": "24556398.70",
        "weight": "0.00401796",
        "shared": false
      },
      {
        "name": "City of Houston",
        "value": "23508318.31",
        "weight": "0.00384647",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "Vanguard Municipal Cash Management Fund",
        "value": "37119715.28",
        "weight": "0.02104382",
        "shared": false
      },
      {
        "name": "NYC TRANSITIONAL-G-1",
        "value": "5579487.99",
        "weight": "0.00316311",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST-REF",
        "value": "5144182.51",
        "weight": "0.00291633",
        "shared": false
      },
      {
        "name": "NEW JERSEY ST ECON DEV AUTH REVENUE",
        "value": "4716633.74",
        "weight": "0.00267394",
        "shared": false
      },
      {
        "name": "Dallas Independent School District, Series 2026B",
        "value": "4711695.21",
        "weight": "0.00267114",
        "shared": false
      },
      {
        "name": "State of Illinois, Series D",
        "value": "4600417.63",
        "weight": "0.00260806",
        "shared": true
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "4499714.15",
        "weight": "0.00255097",
        "shared": true
      },
      {
        "name": "New Jersey Transportation Trust Fund Authority, Series 2016A1",
        "value": "4353111.50",
        "weight": "0.00246786",
        "shared": false
      },
      {
        "name": "Wyandotte County Unified School District No. 500, Series A",
        "value": "4062171.20",
        "weight": "0.00230292",
        "shared": false
      },
      {
        "name": "E CO AWP JT PWRS-A-1",
        "value": "4010454.81",
        "weight": "0.00227360",
        "shared": false
      },
      {
        "name": "CA REGENTS UNIV-CD",
        "value": "3777306.05",
        "weight": "0.00214142",
        "shared": false
      },
      {
        "name": "OH WTR DEV AUTH",
        "value": "3771993.42",
        "weight": "0.00213841",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "3557785.20",
        "weight": "0.00201697",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series A",
        "value": "3440229.68",
        "weight": "0.00195033",
        "shared": true
      },
      {
        "name": "NEW YORK-G-G-1",
        "value": "3354158.15",
        "weight": "0.00190153",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "3300507.30",
        "weight": "0.00187112",
        "shared": false
      },
      {
        "name": "Los Angeles Department of Water & Power, Series 2025A",
        "value": "3267232.23",
        "weight": "0.00185225",
        "shared": false
      },
      {
        "name": "OHIO WTR DEV AUTH-A",
        "value": "3237345.03",
        "weight": "0.00183531",
        "shared": false
      },
      {
        "name": "Bay Area Toll Authority, Series 2026A",
        "value": "3221295.38",
        "weight": "0.00182621",
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      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "3218080.10",
        "weight": "0.00182439",
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      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "3175907.07",
        "weight": "0.00180048",
        "shared": true
      },
      {
        "name": "LOS ANGELES DEPT-C",
        "value": "3120202.92",
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      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "3117976.27",
        "weight": "0.00176764",
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      },
      {
        "name": "UNIV OF TEXAS UNIV-A",
        "value": "3040289.04",
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      },
      {
        "name": "NJ TPK AUTH-B",
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      },
      {
        "name": "MASSACHUSETTS ST",
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      },
      {
        "name": "State of California, Series 2025, GO Bonds",
        "value": "2930219.25",
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      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "2885991.58",
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      {
        "name": "Virginia Public Building Authority, Series 2021A-1",
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      },
      {
        "name": "UNIV OF PITTSBURGH PA OF THE C REGD B/E 5.00000000",
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        "shared": false
      },
      {
        "name": "State of California, Series 2023",
        "value": "2819496.24",
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        "shared": false
      },
      {
        "name": "WI ST GF APP 5% 5/1/2026Q",
        "value": "2768030.60",
        "weight": "0.00156925",
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      },
      {
        "name": "NEW YORK CITY-C-REF",
        "value": "2752617.15",
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      },
      {
        "name": "KY ST PROP 5% 11/1/2027",
        "value": "2708675.87",
        "weight": "0.00153560",
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      },
      {
        "name": "State of California, Series 2007",
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      {
        "name": "WASHINGTON ST WAS 07/26 FIXED 4",
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      },
      {
        "name": "State of North Carolina, Series 2019",
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      },
      {
        "name": "SOUTH CAROLINA ST ASSN OF GOVTL ORGANIZATIONS COPS",
        "value": "2600000.00",
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      },
      {
        "name": "CT HLTH & EDUCTNL-B-2",
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      {
        "name": "DE VLY FIN -A",
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      },
      {
        "name": "NJ TRANSPRTN TRUST-A",
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      },
      {
        "name": "GREAT LAKES WTR AUTH-",
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      },
      {
        "name": "E CO AWP JT PWRS-A-2",
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      },
      {
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      },
      {
        "name": "NEW YORK MUNI WTR-AA2",
        "value": "2493053.78",
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      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 04-01-29",
        "value": "2472344.90",
        "weight": "0.00140162",
        "shared": false
      },
      {
        "name": "Washington Metropolitan Area Transit Authority, Series 2021A",
        "value": "2368576.19",
        "weight": "0.00134279",
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      },
      {
        "name": "State of California, Series 2017",
        "value": "2367852.38",
        "weight": "0.00134238",
        "shared": false
      },
      {
        "name": "GUILFORD CO",
        "value": "2364486.68",
        "weight": "0.00134047",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0002071691-26-009312",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1485894/000207169126009312/0002071691-26-009312-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000105563-26-000162",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/105563/000010556326000162/0000105563-26-000162-index.htm"
    }
  ]
}