FUSIvsSHMETF Comparison
ETF 1
FUSI
American Century Multisector Floating Income ETF
This fund is part of
US Aggregate Bonds
-0.33%
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
-0.17%
American Century Multisector Floating Income ETF (FUSI) belongs to the US Aggregate Bonds segment. State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) is part of the Municipal Bonds segment. FUSI's top 2 sector exposures are Industrials and Sovereign. In contrast, SHM's top sector exposures are Municipal. FUSI is less expensive with a Total Expense Ratio (TER) of 0.19%, versus 0.2% for SHM. FUSI is up 3.32% year-to-date (YTD) with +$18M in YTD flows. SHM performs worse with 0.09% YTD performance, and +$42M in YTD flows. Run a side-by-side ETF comparison of FUSI 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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FUSI vs SHM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FUSI SHM | +0.31%-0.90% | +1.05%-0.89% | +3.32%+0.09% | +4.73%+0.06% | +17.99%+7.94% | n/a+3.63% |
| Flows | FUSI SHM | +$15M+$62M | +$18M+$91M | +$18M+$42M | -$10M+$124M | +$20M-$532M | --$1.23B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FUSI SHM | +0.23%+1.33% | +0.29%+1.04% | +0.41%+1.59% | n/a+1.66% |
| Max drawdown | FUSI SHM | -0.02%-1.04% | -0.08%-1.12% | -0.32%-2.01% | n/a-6.52% |
| Max drawdown duration | FUSI SHM | 3d74d | 4d201d | 19d66d | n/a1074d |
Trading data
FUSI | SHM | |
Last sale 9/18/2026 at 1:30 PM | $50.46 | $47.13 |
| Previous close 09/17/2026 | $50.43 | $47.21 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 20, 2026
1-year trailing difference
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FUSI
is actively managed and doesn’t replicate an indexFUSI | 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 9/18/2026 at 1:30 PM
Live
Closed
FUSI | SHM | |
|---|---|---|
| Last price | $50.46 | $47.13 |
| 1D performance | +0.05% | -0.17% |
| AuM | $40.33 M | $3.50 B |
| E/R | 0.19% | 0.2% |
Characteristics
FUSI | SHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | American Century Investments | State Street Investment Management |
| Benchmark | - | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 17 | 325 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 16, 2023 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
FUSI
USA
33.18%
Other
66.82%
SHM
USA
33.54%
Other
66.46%
Sectors
FUSI
Industrials
23.26%
Sovereign
9.92%
Other
66.82%
SHM
Municipal
33.54%
Other
66.46%
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Diversification
FUSI
Total weight of top 15 holdings out of 15
45.28%
SHM
Total weight of top 15 holdings out of 15
7.09%
Top 15 holdings
Data as of July 31, 2026
FUSI
USA, Notes FRN 31jan2027, USD (AX-2027)
9.92%
LCM 35A, FRN 15oct2034, USD (ABS, BR)
4.41%
Atlas Senior Loan Fund 2021-17A, FRN 20oct2034, USD (ABS, B1)
3.31%
US3136BV2T46
2.98%
US12659VAA89
2.51%
US48251FAJ03
2.25%
US929342AA13
2.23%
BX Commercial Mortgage Trust 2026-CSMO, FRN 17feb2043, USD (ABS, A)
2.21%
US559916AG67
2.21%
Brant Point CLO 2023-1A, FRN 26jul2038, USD (ABS, BR)
2.21%
TPG Real Estate Finance Issuer 2025-FL6, FRN 18sep2042, USD (ABS, A)
2.21%
US05594VAC63
2.21%
US55819GBC24
2.21%
US883932AS42
2.21%
US87168YAS90
2.21%
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%
New Jersey Transportation Trust Fund Authority, 5% 15dec2027, USD
0.37%
US343137RQ01
0.37%
US574204W906
0.36%
US61334PFH10
0.36%
US13013JBJ43
0.34%
Connecticut, 5% 15jul2027, USD
0.33%
Frequently asked questions about FUSI and SHM
How have the FUSI and SHM ETFs performed in 2026?
As of September 18, 2026, FUSI is up 3.32% year-to-date (YTD), while SHM has returned 0.09%. That puts FUSI better performer ahead so far this year.
Which ETF is attracting more investor money: FUSI or SHM?
Year-to-date, the FUSI ETF saw +$18M in flows, compared to +$42M for SHM.
Which ETF is more volatile: FUSI or SHM?
Over the past year, FUSI had a volatility of 0.29%, while SHM experienced 1.04%.
Which ETF is bigger: FUSI or SHM?
As of September 18, 2026, FUSI holds $40.33 M in assets under management (AUM), while SHM manages $3.50 B.
What sectors do the FUSI and SHM ETFs invest in?
FUSI leans toward sectors like Industrials and Sovereign. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the FUSI ETF and SHM ETF?
FUSI top holdings include USA, Notes FRN 31jan2027, USD (AX-2027), LCM 35A, FRN 15oct2034, USD (ABS, BR) and Atlas Senior Loan Fund 2021-17A, FRN 20oct2034, USD (ABS, B1). 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: FUSI or SHM?
FUSI holds 61 securities with 45.28% of its assets in the top 15. SHM has 1058 securities and a top 15 weight of 7.09%.
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Latest news about FUSI & SHM
Which Types of Bond ETFs Are the Most Tax Efficient?
September 2, 2025
SHM
Floating Income + Tactical Sector Management
May 3, 2023
FUSI
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