FTMHvsSHMETF Comparison
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
-0%
Franklin Municipal High Yield ETF (FTMH) and State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTMH is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.2% for SHM. FTMH is down -4.72% year-to-date (YTD) with +$137M in YTD flows. SHM performs better with 0.16% YTD performance, and +$47M in YTD flows. Run a side-by-side ETF comparison of FTMH 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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FTMH vs SHM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMH SHM | -1.47%-0.04% | -6.56%-0.80% | -4.72%+0.16% | n/a+0.56% | n/a+8.94% | n/a+4.03% |
| Flows | FTMH SHM | +$92M+$5M | +$87M+$67M | +$137M+$47M | -+$61M | --$416M | --$1.32B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMH SHM | +6.61%+2.39% | n/a+1.43% | n/a+1.65% | n/a+1.72% |
| Max drawdown | FTMH SHM | -8.53%-2.52% | n/a-2.61% | n/a-2.61% | n/a-6.22% |
| Max drawdown duration | FTMH SHM | 92d64d | n/a229d | n/a229d | n/a1036d |
Trading data
FTMH | SHM | |
Last sale 10/16/2026 at 1:30 PM | $10.97 | $47.02 |
| Previous close 10/15/2026 | $10.97 | $47.01 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 18, 2026
1-year trailing difference
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FTMH
is actively managed and doesn’t replicate an indexFTMH | 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 10/16/2026 at 1:30 PM
Live
Closed
FTMH | SHM | |
|---|---|---|
| Last price | $10.97 | $47.02 |
| 1D performance | +0.00% | +0.02% |
| AuM | $646.36 M | $3.49 B |
| E/R | 0.35% | 0.2% |
Characteristics
FTMH | SHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | State Street Investment Management |
| Benchmark | - | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 96 | 323 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
FTMH
USA
26.09%
Other
73.91%
SHM
USA
31.88%
Other
68.12%
Sectors
FTMH
Municipal
26.09%
Other
73.91%
SHM
Municipal
31.88%
Other
68.12%
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Diversification
FTMH
Total weight of top 15 holdings out of 15
13.81%
SHM
Total weight of top 15 holdings out of 15
6.56%
Top 15 holdings
Data as of August 31, 2026
FTMH
New York Transportation Development Corp., 6% 30jun2055, USD (2025)
1.61%
CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2)
1.22%
US389526AJ35
0.97%
Puerto Rico, 4% 1jul2041, USD
0.96%
US57420VSP93
0.95%
US292723DP56
0.94%
Illinois Finance Authority, 5% 15feb2047, USD (2017A)
0.91%
Detroit, 4% 1apr2044, USD
0.87%
US650116GY64
0.82%
Chicago Board of Education, 5.75% 1dec2050, USD (2025A)
0.80%
New York Liberty Development Corp., 3% 15sep2043, USD (2015B)
0.79%
New York Transportation Development Corp., 4% 1jan2036, USD (2018)
0.78%
US51404PAK57
0.75%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
0.74%
Maricopa Industrial Development Authority, 7.375% 1oct2029, USD (2024)
0.71%
SHM
US84136HCT86
0.92%
New York Dormitory Authority, 2.5% 1jul1993, USD
0.62%
US13063ELG97
0.51%
California, 5% 1sep2028, USD
0.48%
US13063EAW66
0.45%
US91412HTD51
0.41%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.40%
City of New York, 5.7% 1feb2006, USD
0.39%
US343137RQ01
0.36%
US574204W906
0.36%
US61334PFH10
0.35%
US13063EUS35
0.34%
US13013JBJ43
0.33%
US74440DFN93
0.32%
Connecticut, 5% 15jul2027, USD
0.32%
Frequently asked questions about FTMH and SHM
How have the FTMH and SHM ETFs performed in 2026?
As of October 16, 2026, FTMH is down -4.72% year-to-date (YTD), while SHM has returned 0.16%. That puts SHM better performer ahead so far this year.
Which ETF is attracting more investor money: FTMH or SHM?
Year-to-date, the FTMH ETF saw +$137M in flows, compared to +$47M for SHM.
Which ETF is bigger: FTMH or SHM?
As of October 16, 2026, FTMH holds $646.36 M in assets under management (AUM), while SHM manages $3.49 B.
What sectors do the FTMH and SHM ETFs invest in?
FTMH leans toward sectors like Municipal. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the FTMH ETF and SHM ETF?
FTMH top holdings include New York Transportation Development Corp., 6% 30jun2055, USD (2025), CSCDA Community Improvement Authority, 3.125% 1aug2056, USD (2021A-2) and US389526AJ35. SHM holds in its top three: US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97.
Which ETF is more diversified: FTMH or SHM?
FTMH holds 512 securities with 13.81% of its assets in the top 15. SHM has 1087 securities and a top 15 weight of 6.56%.
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