JMUB
J.P. Morgan Municipal ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-09-11
Executive Summary
The quantitative backtest for JMUB (J.P. Morgan Municipal ETF) using the Excess Return MMA CA* strategy in a Trading context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -7.5% (compared to the benchmark's drawdown of -12.5%). 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 1.8%. The strategy executed 51 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.
📊 Strategy Model 4 Models Available
Compare quantitative moving average overlays for JMUB:
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active Model
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.
Available in Investing Mode
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
Available in Investing Mode
🎯 Trading Horizon
Select risk profile & execution style for JMUB:
🛡️ Long-Term Investing
Ideal for wealth preservation and multi-year horizons. Optimized for low turnover and tax efficiency.
⚔️ Tactical Trading Active Horizon
Ideal for active capital rotation and momentum-first accounts. Optimized for high sensitivity to price shifts.
🛡️ JMUB Drawdown Shield & Downside Protection
Why Drawdown Dictates Longevity →Peak Drawdown Defense
-7.5% (vs -12.5% B&H)
+5.0% shallower drawdown
Downside Efficiency
0.72 Sortino
+0.27 vs 0.45 B&H
Capital Sheltered from Risk
40.5% of Time
Earning Treasury yield during downturns
* Drawdown Shield demonstrates how systematic trend-following bounded historical drawdowns and protected principal capital compared to passive Buy & Hold.
📊 JMUB Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | Full | |||
|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| Max Drawdown | -2.10% | -3.59% | -3.80% | -11.75% | -7.53% | -12.50% |
| Sharpe Ratio | 0.74 | 0.06 | 0.94 | 0.17 | 0.86 | 0.42 |
| Sortino Ratio | 0.81 | 0.07 | 0.90 | 0.22 | 0.72 | 0.45 |
| CAGR | 1.26% | 0.16% | 2.10% | 0.58% | 2.09% | 1.78% |
| % Time Invested | 67.6% | 100.0% | 50.3% | 100.0% | 59.5% | 100.0% |
| Trades / Year | 7.0 | 0.0 | 7.0 | 0.0 | 7.0 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Loading...
Loading Top Diversifiers for JMUB... Top Diversifiers for JMUB
Explore Correlation Across Horizons →Top 5 non-correlated asset sleeves evaluated on 1Y daily percentage returns (Pearson r). Compare them side-by-side in Compare Studio to analyze portfolio diversification.
| Diversifier Asset | Category | 1Y Correlation (r) | Action |
|---|---|---|---|
| Loading top diversifier assets... | |||
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. Subscribe to Unlock | ||||||||
| 2026-06-16 | 2026-07-10 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income | |
| 2026-05-21 | 2026-06-16 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2026-05-20 | 2026-06-16 | Completed | 33.33% | $49.33 | $49.91 | 1.14% | Signal | |
| 2026-05-04 | 2026-06-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.35% | Interest Income | |
| 2026-04-27 | 2026-05-21 | Completed | 33.33% | $49.81 | $49.22 | -1.22% | Signal | |
| 2026-05-04 | 2026-05-20 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.24% | Interest Income | |
| 2026-04-22 | 2026-05-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income | |
| 2026-03-26 | 2026-05-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income | |
| 2026-03-18 | 2026-04-27 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income | |
| 2025-09-12 | 2026-04-22 | Completed | 33.33% | $48.58 | $49.79 | 2.43% | Signal | |
| 2026-01-23 | 2026-03-26 | Completed | 33.33% | $49.53 | $49.04 | -1.04% | Signal | |
| 2026-01-13 | 2026-03-18 | Completed | 33.33% | $49.57 | $49.61 | 0.02% | Signal | |
| 2025-12-19 | 2026-01-23 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.48% | Interest Income | |
| 2025-11-28 | 2026-01-13 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.56% | Interest Income | |
| 2025-09-08 | 2025-12-19 | Completed | 33.33% | $48.16 | $49.20 | 2.11% | Signal | |
| 2025-08-21 | 2025-11-28 | Completed | 33.33% | $47.53 | $49.23 | 3.52% | Signal | |
| 2025-06-03 | 2025-09-12 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.50% | Interest Income | |
| 2025-07-16 | 2025-09-08 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.68% | Interest Income | |
| 2025-07-24 | 2025-08-21 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.41% | Interest Income | |
| 2025-07-03 | 2025-07-24 | Completed | 33.33% | $47.46 | $47.15 | -0.70% | Signal | |
| 2025-06-23 | 2025-07-16 | Completed | 33.33% | $47.33 | $47.27 | -0.18% | Signal | |
| 2025-06-10 | 2025-07-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.38% | Interest Income | |
| 2025-06-03 | 2025-06-23 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income | |
| 2025-05-16 | 2025-06-10 | Completed | 33.33% | $47.23 | $47.19 | -0.14% | Signal | |
| 2025-05-02 | 2025-06-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income | |
| 2025-05-02 | 2025-06-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income | |
| 2025-05-02 | 2025-05-16 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.13% | Interest Income | |
| 2025-04-03 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2025-03-24 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.21% | Interest Income | |
| 2024-12-16 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.52% | Interest Income | |
| 2024-12-04 | 2025-04-03 | Completed | 33.33% | $47.80 | $47.79 | -0.06% | Signal | |
| 2025-02-10 | 2025-03-24 | Completed | 33.33% | $47.65 | $47.55 | -0.26% | Signal | |
| 2024-12-30 | 2025-02-10 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.55% | Interest Income | |
| 2024-12-04 | 2024-12-30 | Completed | 33.33% | $47.80 | $47.25 | -1.19% | Signal | |
| 2024-09-06 | 2024-12-16 | Completed | 33.33% | $47.58 | $47.55 | -0.11% | Signal | |
| 2024-10-24 | 2024-12-04 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.66% | Interest Income | |
| 2024-10-16 | 2024-12-04 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.82% | Interest Income | |
| 2024-05-10 | 2024-10-24 | Completed | 33.33% | $46.47 | $47.25 | 1.61% | Signal | |
| 2024-06-28 | 2024-10-16 | Completed | 33.33% | $46.65 | $47.60 | 1.98% | Signal | |
| 2024-08-02 | 2024-09-06 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.55% | Interest Income | |
| 2024-05-20 | 2024-08-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.21% | Interest Income | |
| 2024-06-05 | 2024-06-28 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income | |
| 2024-05-10 | 2024-06-05 | Completed | 33.33% | $46.47 | $46.35 | -0.33% | Signal | |
| 2024-01-18 | 2024-05-20 | Completed | 33.33% | $46.22 | $46.45 | 0.43% | Signal | |
| 2024-03-28 | 2024-05-10 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.76% | Interest Income | |
| 2024-02-21 | 2024-05-10 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.57% | Interest Income | |
| 2024-03-26 | 2024-03-28 | Completed | 33.33% | $46.49 | $46.36 | -0.33% | Signal | |
| 2024-01-30 | 2024-03-26 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.13% | Interest Income | |
| 2023-11-30 | 2024-02-21 | Completed | 33.33% | $45.37 | $46.33 | 2.07% | Signal | |
| 2023-11-16 | 2024-01-30 | Completed | 33.33% | $44.56 | $46.25 | 3.74% | Signal | |
| 2023-06-02 | 2024-01-18 | Interest (FLOT) | 33.33% | $1.00 | $1.04 | 4.11% | Interest Income | |
| 2023-08-09 | 2023-11-30 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.86% | Interest Income | |
| 2023-08-01 | 2023-11-16 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.76% | Interest Income | |
| 2023-07-31 | 2023-08-09 | Completed | 33.33% | $45.01 | $44.61 | -0.94% | Signal | |
| 2023-07-03 | 2023-08-01 | Completed | 33.33% | $44.87 | $44.89 | -0.01% | Signal | |
| 2023-06-02 | 2023-07-31 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.12% | Interest Income | |
| 2023-06-02 | 2023-07-03 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.61% | Interest Income | |
| 2023-05-24 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.16% | Interest Income | |
| 2023-05-24 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.16% | Interest Income | |
| 2023-05-09 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income | |
| 2023-04-06 | 2023-05-24 | Completed | 33.33% | $45.11 | $44.30 | -1.84% | Signal | |
| 2022-05-31 | 2023-05-24 | Completed | 33.33% | $43.79 | $44.30 | 1.11% | Signal | |
| 2023-03-30 | 2023-05-09 | Completed | 33.33% | $44.69 | $45.01 | 0.67% | Signal | |
| 2023-04-04 | 2023-04-06 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.09% | Interest Income | |
| 2023-03-09 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.43% | Interest Income | |
| 2023-02-24 | 2023-03-30 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.27% | Interest Income | |
| 2022-12-05 | 2023-03-09 | Completed | 33.33% | $43.91 | $44.06 | 0.28% | Signal | |
| 2022-11-22 | 2023-02-24 | Completed | 33.33% | $43.32 | $43.92 | 1.34% | Signal | |
| 2022-12-02 | 2022-12-05 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income | |
| 2022-10-04 | 2022-11-22 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.41% | Interest Income | |
| 2022-09-14 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.13% | Interest Income | |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income | |
| 2022-05-31 | 2022-09-14 | Completed | 33.33% | $43.79 | $43.24 | -1.31% | Signal | |
| 2022-08-30 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income | |
| 2022-07-28 | 2022-08-30 | Completed | 33.33% | $44.24 | $43.69 | -1.29% | Signal | |
| 2022-07-06 | 2022-07-28 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2022-05-31 | 2022-07-06 | Completed | 33.33% | $43.79 | $43.80 | -0.03% | Signal | |
| 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 | |
| 2022-03-02 | 2022-05-31 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income | |
| 2022-01-26 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income | |
| 2022-01-14 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income | |
| 2022-01-04 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2021-11-11 | 2022-01-26 | Completed | 33.33% | $47.12 | $46.48 | -1.41% | Signal | |
| 2021-11-11 | 2022-01-14 | Completed | 33.33% | $47.12 | $46.90 | -0.52% | 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% | $47.13 | $47.10 | -0.11% | Signal | |
| 2021-11-02 | 2021-11-11 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income | |
| 2021-11-02 | 2021-11-11 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income | |
| 2021-09-17 | 2021-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2021-09-02 | 2021-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2021-04-13 | 2021-09-17 | Completed | 33.33% | $46.53 | $47.29 | 1.59% | Signal | |
| 2021-08-27 | 2021-09-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2021-04-12 | 2021-08-27 | Completed | 33.33% | $46.49 | $47.33 | 1.76% | Signal | |
| 2021-05-25 | 2021-06-17 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income | |
| 2020-05-29 | 2021-05-25 | Completed | 33.33% | $44.80 | $46.79 | 4.39% | Signal | |
| 2021-04-05 | 2021-04-13 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income | |
| 2021-04-05 | 2021-04-12 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income | |
| 2021-03-12 | 2021-04-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.06% | Interest Income | |
| 2021-03-04 | 2021-04-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.06% | Interest Income | |
| 2020-11-20 | 2021-03-12 | Completed | 33.33% | $46.20 | $46.32 | 0.21% | Signal | |
| 2020-11-13 | 2021-03-04 | Completed | 33.33% | $45.87 | $46.09 | 0.44% | Signal | |
| 2020-11-03 | 2020-11-20 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-11-03 | 2020-11-13 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income | |
| 2020-09-29 | 2020-11-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-09-09 | 2020-11-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2020-05-14 | 2020-09-29 | Completed | 33.33% | $44.18 | $45.76 | 3.52% | Signal | |
| 2020-06-10 | 2020-09-09 | Completed | 33.33% | $44.88 | $45.73 | 1.86% | Signal | |
| 2020-06-02 | 2020-06-10 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.28% | Interest Income | |
| 2020-05-18 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income | |
| 2020-05-04 | 2020-05-29 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income | |
| 2020-04-20 | 2020-05-18 | Completed | 33.33% | $44.07 | $44.29 | 0.46% | Signal | |
| 2020-03-17 | 2020-05-14 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.11% | Interest Income | |
| 2020-04-13 | 2020-05-04 | Completed | 33.33% | $43.85 | $43.45 | -0.97% | Signal | |
| 2020-03-17 | 2020-04-20 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.13% | Interest Income | |
| 2020-03-19 | 2020-04-13 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2019-05-21 | 2020-03-19 | Completed | 33.33% | $42.82 | $42.19 | -1.51% | Stop | |
| 2019-12-23 | 2020-03-17 | Completed | 33.33% | $44.28 | $43.35 | -2.14% | Stop | |
| 2019-12-05 | 2020-03-17 | Completed | 33.33% | $44.25 | $43.35 | -2.07% | Stop | |
| 2019-10-10 | 2019-12-23 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.57% | Interest Income | |
| 2019-11-05 | 2019-12-05 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.23% | Interest Income | |
| 2019-10-17 | 2019-11-05 | Completed | 33.33% | $44.05 | $44.01 | -0.15% | Signal | |
| 2019-09-20 | 2019-10-17 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income | |
| 2019-05-21 | 2019-10-10 | Completed | 33.33% | $42.82 | $44.36 | 3.55% | Signal | |
| 2019-05-21 | 2019-09-20 | Completed | 33.33% | $42.82 | $43.88 | 2.43% | Signal | |
| 2019-05-17 | 2019-05-21 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.04% | Interest Income | |
| 2019-05-17 | 2019-05-21 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.04% | Interest Income | |
| 2019-05-17 | 2019-05-21 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.04% | Interest Income | |