BKMIvsSHMETF Comparison
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
-0.03%
BNY Mellon Municipal Intermediate ETF (BKMI) and State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) belong to the same industry segment: Municipal Bonds. BKMI's top 2 sector exposures are Municipal and Sovereign. In contrast, SHM's top sector exposures are Municipal. BKMI is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.2% for SHM. Run a side-by-side ETF comparison of BKMI and SHM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BKMI vs SHM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BKMI SHM | -0.53%+0.13% | -1.68%+0.03% | n/a+0.84% | n/a+1.44% | n/a+8.71% | n/a+4.43% |
| Flows | BKMI SHM | -$1M+$48M | -$24M+$76M | -+$23M | -+$115M | --$583M | --$1.22B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BKMI SHM | +2.21%+1.00% | n/a+0.97% | n/a+1.57% | n/a+1.65% |
| Max drawdown | BKMI SHM | -2.06%-0.66% | n/a-1.10% | n/a-2.01% | n/a-6.52% |
| Max drawdown duration | BKMI SHM | 58d58d | n/a185d | n/a66d | n/a1074d |
Trading data
BKMI | SHM | |
Last sale 9/2/2026 at 1:30 PM | $25.75 | $47.54 |
| Previous close 09/02/2026 | $25.75 | $47.53 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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BKMI
is actively managed and doesn’t replicate an indexBKMI | SHM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
BKMI | SHM | |
|---|---|---|
| Last price | $25.75 | $47.54 |
| 1D performance | +0.01% | +0.02% |
| AuM | $1.65 B | $3.50 B |
| E/R | 0.35% | 0.2% |
Characteristics
BKMI | SHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | BNY Mellon | State Street Investment Management |
| Benchmark | - | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 135 | 325 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 9, 2026 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
BKMI
USA
34.04%
Other
65.96%
SHM
USA
33.54%
Other
66.46%
Sectors
BKMI
Municipal
33.88%
Other
66.12%
SHM
Municipal
33.54%
Other
66.46%
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Diversification
BKMI
Total weight of top 15 holdings out of 15
10.85%
SHM
Total weight of top 15 holdings out of 15
7.09%
Top 15 holdings
Data as of July 31, 2026
BKMI
US452227VK43
0.96%
New York Liberty Development Corp., 5% 15nov2044, USD
0.93%
US736742ZR10
0.82%
State of Washington, 5% 1jul2038, USD (2023B)
0.76%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2033, USD (2018A)
0.74%
US56682HDR75
0.71%
US59333APJ42
0.68%
New York Dormitory Authority, 5% 1oct2035, USD (2026A)
0.67%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.66%
US59261A4U82
0.66%
US87638TJU88
0.65%
US88283KCB26
0.65%
US882725DB74
0.65%
US74445HAL42
0.65%
US56035DHT28
0.65%
SHM
US84136HCT86
0.93%
California Public Works Board, 5% 1oct2027, USD
0.70%
New York Dormitory Authority, 2.5% 1jul1993, USD
0.62%
US13063ELG97
0.53%
California, 5% 1sep2028, USD
0.50%
US13063EAW66
0.46%
US91412HTD51
0.41%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.41%
City of New York, 5.7% 1feb2006, USD
0.40%
US343137RQ01
0.37%
New Jersey Transportation Trust Fund Authority, 5% 15dec2027, USD
0.37%
US61334PFH10
0.36%
US574204W906
0.36%
US13013JBJ43
0.34%
Connecticut, 5% 15jul2027, USD
0.33%
Frequently asked questions about BKMI and SHM
Which ETF is bigger: BKMI or SHM?
As of September 2, 2026, BKMI holds $1.65 B in assets under management (AUM), while SHM manages $3.50 B.
What sectors do the BKMI and SHM ETFs invest in?
BKMI leans toward sectors like Municipal. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the BKMI ETF and SHM ETF?
BKMI top holdings include US452227VK43, New York Liberty Development Corp., 5% 15nov2044, USD and US736742ZR10. SHM holds in its top three: US84136HCT86, California Public Works Board, 5% 1oct2027, USD and New York Dormitory Authority, 2.5% 1jul1993, USD.
Which ETF is more diversified: BKMI or SHM?
BKMI holds 531 securities with 10.85% of its assets in the top 15. SHM has 1058 securities and a top 15 weight of 7.09%.
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