JMUB
J.P. Morgan Municipal ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-07-26
Executive Summary
The quantitative backtest for JMUB (J.P. Morgan Municipal ETF) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -8.8% (compared to the benchmark's drawdown of -12.1%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 2.1%, compared to a Buy-and-Hold benchmark return of 1.4%. The strategy executed 12 total trades.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
JMUB Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | Full History | |||
|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 3.27% | 4.81% | 1.60% | 0.82% | 2.07% | 1.43% |
| Sharpe Ratio | 1.48 | 1.89 | 0.63 | 0.24 | 0.84 | 0.45 |
| Max Drawdown | -2.55% | -2.55% | -8.77% | -12.06% | -8.77% | -12.06% |
| % Time Invested | 100.0% | 100.0% | 98.2% | 100.0% | 98.4% | 100.0% |
| Trades / Year | 1.0 | 0.0 | 1.6 | 0.0 | 2.1 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason | |
|---|---|---|---|---|---|---|---|---|
| 🔒 Active Positions & Recent Execution Signals Hidden Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription. Upgrade to Pro to Unlock | ||||||||
| 2026-04-22 | 2026-05-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income | |
| 2025-09-12 | 2026-04-22 | Completed | 33.33% | $48.88 | $50.09 | 2.43% | Signal | |
| 2025-06-23 | 2025-09-12 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.20% | Interest Income | |
| 2025-06-03 | 2025-09-12 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.50% | Interest Income | |
| 2022-07-08 | 2025-06-23 | Completed | 33.33% | $44.08 | $47.62 | 7.99% | Signal | |
| 2025-05-02 | 2025-06-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income | |
| 2024-12-11 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.60% | Interest Income | |
| 2024-09-09 | 2024-12-11 | Completed | 33.33% | $47.92 | $48.17 | 0.48% | Signal | |
| 2024-10-02 | 2024-12-04 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.02% | Interest Income | |
| 2024-10-01 | 2024-10-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2024-04-05 | 2024-10-01 | Completed | 33.33% | $46.35 | $48.12 | 3.78% | Signal | |
| 2024-08-02 | 2024-09-09 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.60% | Interest Income | |
| 2024-05-20 | 2024-08-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.21% | Interest Income | |
| 2024-01-18 | 2024-05-20 | Completed | 33.33% | $46.51 | $46.73 | 0.43% | Signal | |
| 2023-09-14 | 2024-04-05 | Interest (FLOT) | 33.33% | $1.00 | $1.04 | 3.81% | Interest Income | |
| 2023-06-02 | 2024-01-18 | Interest (FLOT) | 33.33% | $1.00 | $1.04 | 4.11% | Interest Income | |
| 2022-05-31 | 2023-09-14 | Completed | 33.33% | $44.06 | $44.61 | 1.20% | Signal | |
| 2023-05-25 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.16% | Interest Income | |
| 2022-05-31 | 2023-05-25 | Completed | 33.33% | $44.06 | $44.47 | 0.89% | Signal | |
| 2022-05-20 | 2022-07-08 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income | |
| 2022-03-02 | 2022-05-31 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income | |
| 2022-03-02 | 2022-05-31 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income | |
| 2022-05-02 | 2022-05-20 | Completed | 33.33% | $43.51 | $43.08 | -1.05% | Signal | |
| 2022-04-07 | 2022-05-02 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-10-30 | 2022-04-07 | Completed | 33.33% | $45.80 | $44.38 | -3.14% | Stop | |
| 2022-02-17 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.00% | Interest Income | |
| 2022-01-04 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-10-30 | 2022-02-17 | Completed | 33.33% | $45.80 | $45.98 | 0.34% | Signal | |
| 2021-11-15 | 2022-01-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income | |
| 2021-06-17 | 2021-11-15 | Completed | 33.33% | $47.42 | $47.39 | -0.11% | Signal | |
| 2021-05-25 | 2021-06-17 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income | |
| 2020-10-30 | 2021-05-25 | Completed | 33.33% | $45.80 | $47.07 | 2.73% | Signal | |
| 2020-10-28 | 2020-10-30 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-10-28 | 2020-10-30 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-10-28 | 2020-10-30 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |