JMUB
J.P. Morgan Municipal ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-09-09
Executive Summary
The quantitative backtest for JMUB (J.P. Morgan Municipal ETF) using the Excess Return MMA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -8.6% (compared to the benchmark's drawdown of -12.1%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 1.8%, compared to a Buy-and-Hold benchmark return of 1.2%. The strategy executed 13 total trades.
* Excess Return MMA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility.
* Excess Return MMA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility.
📊 Strategy Model 4 Models Available
Compare quantitative moving average overlays for JMUB:
Excess Return MMA Active Model
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA
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.
🎯 Trading Horizon
Select risk profile & execution style for JMUB:
🛡️ Long-Term Investing Active Horizon
Ideal for wealth preservation and multi-year horizons. Optimized for low turnover and tax efficiency.
⚔️ Tactical Trading
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
-8.6% (vs -12.1% B&H)
+3.4% shallower drawdown
Downside Efficiency
0.89 Sortino
+0.44 vs 0.45 B&H
Capital Sheltered from Risk
22.6% 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 | -2.55% | -2.93% | -8.29% | -11.75% | -8.62% | -12.06% |
| Sharpe Ratio | 0.61 | 0.38 | 0.56 | 0.19 | 0.75 | 0.37 |
| Sortino Ratio | 0.69 | 0.44 | 0.68 | 0.24 | 0.89 | 0.45 |
| CAGR | 1.40% | 0.97% | 1.40% | 0.63% | 1.80% | 1.17% |
| % Time Invested | 91.4% | 100.0% | 74.0% | 100.0% | 77.4% | 100.0% |
| Trades / Year | 1.0 | 0.0 | 1.8 | 0.0 | 2.2 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
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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.
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|---|---|---|---|
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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 | ||||||||
| 2026-04-22 | 2026-06-01 | Interest (CASH) | 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 | |
| 2025-06-23 | 2025-09-12 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.96% | Interest Income | |
| 2024-12-11 | 2025-09-12 | Interest (CASH) | 33.33% | $1.00 | $1.03 | 3.21% | Interest Income | |
| 2022-07-08 | 2025-06-23 | Completed | 33.33% | $43.81 | $47.33 | 7.99% | Signal | |
| 2024-09-09 | 2024-12-11 | Completed | 33.33% | $47.63 | $47.88 | 0.48% | Signal | |
| 2024-10-01 | 2024-12-04 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.82% | Interest Income | |
| 2024-04-05 | 2024-10-01 | Completed | 33.33% | $46.07 | $47.83 | 3.78% | Signal | |
| 2024-05-20 | 2024-09-09 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 1.60% | Interest Income | |
| 2024-01-18 | 2024-05-20 | Completed | 33.33% | $46.22 | $46.45 | 0.43% | Signal | |
| 2023-09-14 | 2024-04-05 | Interest (CASH) | 33.33% | $1.00 | $1.03 | 3.02% | Interest Income | |
| 2023-05-25 | 2024-01-18 | Interest (CASH) | 33.33% | $1.00 | $1.04 | 3.51% | Interest Income | |
| 2022-05-31 | 2023-09-14 | Completed | 33.33% | $43.79 | $44.34 | 1.20% | Signal | |
| 2022-05-31 | 2023-05-25 | Completed | 33.33% | $43.79 | $44.20 | 0.89% | Signal | |
| 2022-05-20 | 2022-07-08 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.19% | Interest Income | |
| 2022-02-17 | 2022-05-31 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.19% | Interest Income | |
| 2021-11-15 | 2022-05-31 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income | |
| 2022-05-02 | 2022-05-20 | Completed | 33.33% | $43.25 | $42.82 | -1.05% | Signal | |
| 2022-04-07 | 2022-05-02 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income | |
| 2020-10-30 | 2022-04-07 | Completed | 33.33% | $45.52 | $44.12 | -3.14% | Stop | |
| 2020-10-30 | 2022-02-17 | Completed | 33.33% | $45.52 | $45.70 | 0.34% | Signal | |
| 2021-06-17 | 2021-11-15 | Completed | 33.33% | $47.13 | $47.10 | -0.11% | Signal | |
| 2021-05-25 | 2021-06-17 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-10-30 | 2021-05-25 | Completed | 33.33% | $45.52 | $46.79 | 2.73% | Signal | |
| 2020-10-28 | 2020-10-30 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-10-28 | 2020-10-30 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-10-28 | 2020-10-30 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |