HYD vs JMUB: Holdings Overlap
VanEck · 1911 holdings · $4.4B · as of 2026-04-30
JPMorgan · 1884 holdings · $8.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (HYD: 2026-04-30, JMUB: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are HYD and JMUB?
VanEck High Yield Muni ETF (HYD, by VanEck) holds 1911 positions; JPMorgan Municipal ETF (JMUB, by JPMorgan) holds 1884. They have 119 holdings in common, and by portfolio weight the two funds are 7.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 119HYD holds 1911 · JMUB holds 1884
- Weight in Shared Holdings
- HYD 13%·JMUB 11%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in HYD
1792 of 1911 positions (81.8% of the fund) are not held by JMUB. Showing the top 30 by weight.
- CHICAGO IL BRD OF EDU0.67%
- NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE0.66%
- PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE0.63%
- CHICAGO IL BRD OF EDU0.57%
- FLORIDA ST DEV FIN CORP0.54%
- HOUSTON TX ARPT SYS REVENUE0.49%
Only in JMUB
1765 of 1884 positions (72.8% of the fund) are not held by HYD. Showing the top 30 by weight.
- California Community Choice Financing Authority, Clean Energy Project, Series 2026B0.70%
- California Health Facilities Financing Authority, Rady Children's Health, Series 2026B-30.67%
- California Community Choice Financing Authority, Clean Energy Project, Series 2026C0.61%
- Long Island Power Authority, Electric System, Series 2024B0.43%
- Black Belt Energy Gas District, Gas Project, Series 2024D0.43%
- State of Wisconsin, Series 2026A0.42%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| HYD | -1.5% | +1.3% | +7.1% | +4.5% | -0.5% | +2.8% | 4.38% |
| JMUB | -0.7% | +1.0% | +4.8% | +3.8% | +1.0% | — | 3.65% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in HYD vs JMUB →
Shared Holdings(119)
The top 10 shared positions account for 34% of the overlap, led by Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 2, Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2 and Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-1.
| Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 2 | 0.87% | 0.55% | 0.55% |
|---|---|---|---|
| Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2 | 0.29% | 0.51% | 0.29% |
| Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-1 | 0.48% | 0.28% | 0.28% |
| California Community Choice Financing Authority, Clean Energy Project, Series 2025E | 0.23% | 0.49% | 0.23% |
| Tobacco Settlement Financing Corp., Series 2018A | 0.24% | 0.21% | 0.21% |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB | 0.17% | 0.17% | 0.17% |
| New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project, Series 2020 | 0.22% | 0.16% | 0.16% |
| Black Belt Energy Gas District, Gas Project, Series 2025E | 0.22% | 0.16% | 0.16% |
| Southeast Energy Authority A Cooperative District, Energy Supply, Series 2024A | 0.15% | 0.24% | 0.15% |
| Tobacco Settlement Financing Corp., Series 2018B | 0.71% | 0.15% | 0.15% |
| Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-1 | 0.99% | 0.13% | 0.13% |
| Dallas Fort Worth International Airport, Series 2025A-2 | 0.13% | 0.34% | 0.13% |
| Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series 2021B-2 | 0.26% | 0.12% | 0.12% |
| Oklahoma Development Finance Authority, Health System, OU Medicine Project, Series 2018B | 0.24% | 0.12% | 0.12% |
| California Statewide Communities Development Authority, Loma Linda University Medical Center, Series 2016A | 0.33% | 0.12% | 0.12% |
| Louisiana Public Facilities Authority, 10 Calcasieu River Bridge Public Private Partenership Project, Series 2024 | 0.22% | 0.11% | 0.11% |
| Oklahoma Development Finance Authority Health System, OU Medicine Project, Series 2018B | 0.11% | 0.15% | 0.11% |
| New York Transportation Development Corp., JFK International Airport New Terminal One Project, Series 2024A | 0.24% | 0.10% | 0.10% |
| City of Houston Airport System, United Airlines, Inc., Terminal Improvement Projects, Series 2024B | 0.10% | 0.16% | 0.10% |
| Main Street Natural Gas, Inc., Gas Supply, Series 2024E | 0.10% | 0.25% | 0.10% |
| Westchester County Local Development Corp., Purchase Senior Learning Community, Inc., Project, Series 2021A | 0.10% | 0.10% | 0.10% |
| Mobile County Industrial Development Authority, Calvert LLC Project, Series 2024B | 0.19% | 0.09% | 0.09% |
| Commonwealth of Puerto Rico, Series 2022A-1 | 0.11% | 0.09% | 0.09% |
| Mobile County Industrial Development Authority, Calvert LLC Project, Series 2024A | 0.08% | 0.12% | 0.08% |
| Pennsylvania Economic Development Financing Authority, The Penndot Major Bridges, Series 2022 | 0.21% | 0.08% | 0.08% |
Frequently Asked Questions
How much do HYD and JMUB overlap?
HYD and JMUB overlap by 7.0% of portfolio weight. They share 119 holdings (HYD holds 1911 positions and JMUB holds 1884), based on each fund's latest SEC-reported holdings.
Is it redundant to own both HYD and JMUB?
The two portfolios are 7.0% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of HYD and JMUB?
The largest positions held by both funds are Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 2, Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2, Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-1, California Community Choice Financing Authority, Clean Energy Project, Series 2025E and Tobacco Settlement Financing Corp., Series 2018A. Together the top 10 shared positions account for 34% of the total overlap.
What does HYD own that JMUB doesn't?
1792 positions (81.8% of HYD) are unique to HYD, led by CHICAGO IL BRD OF EDU, NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE and PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE. In the other direction, 1765 positions (72.8% of JMUB) are unique to JMUB.