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 SMA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -11.8% (compared to the benchmark's drawdown of -12.1%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 1.2%, compared to a Buy-and-Hold benchmark return of 1.2%. The strategy executed 2 total trades.
* Excess Return SMA: Advanced Single Moving Average model utilizing custom duration weighting and dynamic Stop Loss limits.
* Excess Return SMA: Advanced Single Moving Average model utilizing custom duration weighting and dynamic Stop Loss limits.
📊 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
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA Active Model
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.
Switch to MMA to enable
🛡️ JMUB Drawdown Shield & Downside Protection
Why Drawdown Dictates Longevity →Peak Drawdown Defense
-11.8% (vs -12.1% B&H)
+0.3% shallower drawdown
Downside Efficiency
0.57 Sortino
+0.12 vs 0.45 B&H
Capital Sheltered from Risk
13.7% 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 | -2.93% | -2.93% | -11.43% | -11.75% | -11.75% | -12.06% |
| Sharpe Ratio | 0.16 | 0.38 | 0.24 | 0.19 | 0.45 | 0.37 |
| Sortino Ratio | 0.19 | 0.44 | 0.31 | 0.24 | 0.57 | 0.45 |
| CAGR | 0.41% | 0.97% | 0.68% | 0.63% | 1.23% | 1.17% |
| % Time Invested | 98.8% | 100.0% | 84.0% | 100.0% | 86.3% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 0.2 | 0.0 | 0.3 | 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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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 | ||||||||
| 2024-12-24 | 2025-09-12 | Interest (CASH) | 100% | $1.00 | $1.03 | 3.05% | Interest Income | |
| 2022-07-08 | 2024-12-24 | Completed | 100% | $43.81 | $47.16 | 7.59% | Signal | |
| 2022-06-03 | 2022-07-08 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.15% | Interest Income | |
| 2020-10-30 | 2022-06-03 | Completed | 100% | $45.52 | $43.94 | -3.51% | Signal | |
| 2020-10-28 | 2020-10-30 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.00% | Interest Income | |