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* strategy in a Trading context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -7.6% (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 2.0%. The strategy executed 50 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.
📊 Mathematical Model
Excess Return MMA Active
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.
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
JMUB Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | Full History | |||
|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 2.76% | 4.81% | 2.04% | 0.82% | 2.09% | 2.03% |
| Sharpe Ratio | 1.64 | 1.89 | 1.07 | 0.24 | 0.93 | 0.48 |
| Max Drawdown | -2.10% | -2.55% | -3.55% | -12.06% | -7.61% | -12.50% |
| % Time Invested | 90.9% | 100.0% | 80.6% | 100.0% | 85.6% | 100.0% |
| Trades / Year | 8.0 | 0.0 | 6.8 | 0.0 | 7.0 | 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 | ||||||||
| 2026-04-27 | 2026-05-21 | Completed | 33.33% | $50.11 | $49.52 | -1.22% | Signal | |
| 2026-03-26 | 2026-05-20 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.55% | Interest Income | |
| 2026-03-18 | 2026-04-27 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income | |
| 2025-09-12 | 2026-04-22 | Completed | 33.33% | $48.88 | $50.09 | 2.43% | Signal | |
| 2026-01-23 | 2026-03-26 | Completed | 33.33% | $49.83 | $49.34 | -1.04% | Signal | |
| 2026-01-13 | 2026-03-18 | Completed | 33.33% | $49.88 | $49.91 | 0.02% | Signal | |
| 2025-12-19 | 2026-01-23 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.31% | Interest Income | |
| 2025-11-28 | 2026-01-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.43% | Interest Income | |
| 2025-09-08 | 2025-12-19 | Completed | 33.33% | $48.45 | $49.50 | 2.11% | Signal | |
| 2025-08-21 | 2025-11-28 | Completed | 33.33% | $47.82 | $49.53 | 3.52% | Signal | |
| 2024-12-16 | 2025-09-12 | Interest (CASH) | 33.33% | $1.00 | $1.03 | 3.15% | Interest Income | |
| 2025-07-16 | 2025-09-08 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.62% | Interest Income | |
| 2025-07-24 | 2025-08-21 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income | |
| 2025-07-03 | 2025-07-24 | Completed | 33.33% | $47.75 | $47.44 | -0.70% | Signal | |
| 2025-06-23 | 2025-07-16 | Completed | 33.33% | $47.62 | $47.56 | -0.18% | Signal | |
| 2025-06-10 | 2025-07-03 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2025-04-03 | 2025-06-23 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.92% | Interest Income | |
| 2025-05-16 | 2025-06-10 | Completed | 33.33% | $47.52 | $47.48 | -0.14% | Signal | |
| 2025-03-24 | 2025-05-16 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.64% | Interest Income | |
| 2024-12-04 | 2025-04-03 | Completed | 33.33% | $48.09 | $48.08 | -0.06% | Signal | |
| 2025-02-10 | 2025-03-24 | Completed | 33.33% | $47.94 | $47.84 | -0.26% | Signal | |
| 2024-12-30 | 2025-02-10 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.46% | Interest Income | |
| 2024-12-04 | 2024-12-30 | Completed | 33.33% | $48.09 | $47.54 | -1.19% | Signal | |
| 2024-09-06 | 2024-12-16 | Completed | 33.33% | $47.87 | $47.84 | -0.11% | Signal | |
| 2024-10-24 | 2024-12-04 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.50% | Interest Income | |
| 2024-10-16 | 2024-12-04 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.61% | Interest Income | |
| 2024-05-10 | 2024-10-24 | Completed | 33.33% | $46.76 | $47.53 | 1.61% | Signal | |
| 2024-06-28 | 2024-10-16 | Completed | 33.33% | $46.93 | $47.89 | 1.98% | Signal | |
| 2024-05-20 | 2024-09-06 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 1.58% | Interest Income | |
| 2024-06-05 | 2024-06-28 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income | |
| 2024-05-10 | 2024-06-05 | Completed | 33.33% | $46.76 | $46.63 | -0.33% | Signal | |
| 2024-01-18 | 2024-05-20 | Completed | 33.33% | $46.51 | $46.73 | 0.43% | Signal | |
| 2024-03-28 | 2024-05-10 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.63% | Interest Income | |
| 2024-02-21 | 2024-05-10 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 1.19% | Interest Income | |
| 2024-03-26 | 2024-03-28 | Completed | 33.33% | $46.77 | $46.64 | -0.33% | Signal | |
| 2024-01-30 | 2024-03-26 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.83% | Interest Income | |
| 2023-11-30 | 2024-02-21 | Completed | 33.33% | $45.65 | $46.62 | 2.07% | Signal | |
| 2023-11-16 | 2024-01-30 | Completed | 33.33% | $44.83 | $46.53 | 3.74% | Signal | |
| 2023-05-24 | 2024-01-18 | Interest (CASH) | 33.33% | $1.00 | $1.04 | 3.53% | Interest Income | |
| 2023-08-09 | 2023-11-30 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 1.71% | Interest Income | |
| 2023-08-01 | 2023-11-16 | Interest (CASH) | 33.33% | $1.00 | $1.02 | 1.65% | Interest Income | |
| 2023-07-31 | 2023-08-09 | Completed | 33.33% | $45.29 | $44.88 | -0.94% | Signal | |
| 2023-07-03 | 2023-08-01 | Completed | 33.33% | $45.14 | $45.16 | -0.01% | Signal | |
| 2023-05-24 | 2023-07-31 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.95% | Interest Income | |
| 2023-05-09 | 2023-07-03 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.77% | Interest Income | |
| 2023-04-06 | 2023-05-24 | Completed | 33.33% | $45.39 | $44.57 | -1.84% | Signal | |
| 2022-05-31 | 2023-05-24 | Completed | 33.33% | $44.06 | $44.57 | 1.11% | Signal | |
| 2023-03-30 | 2023-05-09 | Completed | 33.33% | $44.96 | $45.29 | 0.67% | Signal | |
| 2023-03-09 | 2023-04-06 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.38% | Interest Income | |
| 2023-02-24 | 2023-03-30 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.45% | Interest Income | |
| 2022-12-05 | 2023-03-09 | Completed | 33.33% | $44.18 | $44.32 | 0.28% | Signal | |
| 2022-11-22 | 2023-02-24 | Completed | 33.33% | $43.58 | $44.18 | 1.34% | Signal | |
| 2022-09-14 | 2022-12-05 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.87% | Interest Income | |
| 2022-08-30 | 2022-11-22 | Interest (CASH) | 33.33% | $1.00 | $1.01 | 0.86% | Interest Income | |
| 2022-05-31 | 2022-09-14 | Completed | 33.33% | $44.06 | $43.50 | -1.31% | Signal | |
| 2022-07-28 | 2022-08-30 | Completed | 33.33% | $44.51 | $43.96 | -1.29% | Signal | |
| 2022-07-06 | 2022-07-28 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income | |
| 2022-05-31 | 2022-07-06 | Completed | 33.33% | $44.06 | $44.07 | -0.03% | Signal | |
| 2022-01-26 | 2022-05-31 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.21% | Interest Income | |
| 2022-01-14 | 2022-05-31 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.21% | Interest Income | |
| 2021-11-15 | 2022-05-31 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income | |
| 2021-11-11 | 2022-01-26 | Completed | 33.33% | $47.41 | $46.76 | -1.41% | Signal | |
| 2021-11-11 | 2022-01-14 | Completed | 33.33% | $47.41 | $47.18 | -0.52% | Signal | |
| 2021-06-17 | 2021-11-15 | Completed | 33.33% | $47.42 | $47.39 | -0.11% | Signal | |
| 2021-09-17 | 2021-11-11 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2021-08-27 | 2021-11-11 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2021-04-13 | 2021-09-17 | Completed | 33.33% | $46.81 | $47.58 | 1.59% | Signal | |
| 2021-04-12 | 2021-08-27 | Completed | 33.33% | $46.77 | $47.62 | 1.76% | Signal | |
| 2021-05-25 | 2021-06-17 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-05-29 | 2021-05-25 | Completed | 33.33% | $45.07 | $47.07 | 4.39% | Signal | |
| 2021-03-12 | 2021-04-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2021-03-04 | 2021-04-12 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2020-11-20 | 2021-03-12 | Completed | 33.33% | $46.48 | $46.60 | 0.21% | Signal | |
| 2020-11-13 | 2021-03-04 | Completed | 33.33% | $46.15 | $46.37 | 0.44% | Signal | |
| 2020-09-29 | 2020-11-20 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-09-09 | 2020-11-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2020-05-14 | 2020-09-29 | Completed | 33.33% | $44.45 | $46.04 | 3.52% | Signal | |
| 2020-06-10 | 2020-09-09 | Completed | 33.33% | $45.15 | $46.01 | 1.86% | Signal | |
| 2020-05-18 | 2020-06-10 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-05-04 | 2020-05-29 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-04-20 | 2020-05-18 | Completed | 33.33% | $44.33 | $44.56 | 0.46% | Signal | |
| 2020-03-17 | 2020-05-14 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2020-04-13 | 2020-05-04 | Completed | 33.33% | $44.12 | $43.72 | -0.97% | Signal | |
| 2020-03-17 | 2020-04-20 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-03-19 | 2020-04-13 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2019-05-21 | 2020-03-19 | Completed | 33.33% | $43.08 | $42.45 | -1.51% | Stop | |
| 2019-12-23 | 2020-03-17 | Completed | 33.33% | $44.55 | $43.62 | -2.14% | Stop | |
| 2019-12-05 | 2020-03-17 | Completed | 33.33% | $44.52 | $43.62 | -2.07% | Stop | |
| 2019-10-10 | 2019-12-23 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income | |
| 2019-11-05 | 2019-12-05 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.13% | Interest Income | |
| 2019-10-17 | 2019-11-05 | Completed | 33.33% | $44.32 | $44.28 | -0.15% | Signal | |
| 2019-09-20 | 2019-10-17 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.13% | Interest Income | |
| 2019-05-21 | 2019-10-10 | Completed | 33.33% | $43.08 | $44.63 | 3.55% | Signal | |
| 2019-05-21 | 2019-09-20 | Completed | 33.33% | $43.08 | $44.15 | 2.43% | Signal | |
| 2019-05-17 | 2019-05-21 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2019-05-17 | 2019-05-21 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2019-05-17 | 2019-05-21 | Interest (CASH) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income | |