GMOCvsSHMETF Comparison
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
-0%
GMO Ultra-Short Income ETF (GMOC) 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. GMOC's top 3 sector exposures are Sovereign, Industrials and Government Agencies. In contrast, SHM's top sector exposures are Municipal. Both GMOC and SHM have the same Total Expense Ratio (TER) of 0.2%. GMOC is up 3.26% year-to-date (YTD) with +$27M in YTD flows. SHM performs worse with 0.16% YTD performance, and +$47M in YTD flows. Run a side-by-side ETF comparison of GMOC 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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GMOC 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. | GMOC SHM | +0.40%-0.04% | +1.03%-0.80% | +3.26%+0.16% | n/a+0.56% | n/a+8.94% | n/a+4.03% |
| Flows | GMOC SHM | +$2M+$5M | +$2M+$67M | +$27M+$47M | -+$61M | --$416M | --$1.32B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GMOC SHM | +0.21%+2.39% | n/a+1.43% | n/a+1.65% | n/a+1.72% |
| Max drawdown | GMOC SHM | -0.01%-2.52% | n/a-2.61% | n/a-2.61% | n/a-6.22% |
| Max drawdown duration | GMOC SHM | 4d64d | n/a229d | n/a229d | n/a1036d |
Trading data
GMOC | SHM | |
Last sale 10/16/2026 at 1:30 PM | $50.14 | $47.02 |
| Previous close 10/15/2026 | $50.13 | $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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GMOC
is actively managed and doesn’t replicate an indexGMOC | 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
GMOC | SHM | |
|---|---|---|
| Last price | $50.14 | $47.02 |
| 1D performance | +0.02% | +0.02% |
| AuM | $34.47 M | $3.49 B |
| E/R | 0.2% | 0.2% |
Characteristics
GMOC | SHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | GMO | State Street Investment Management |
| Benchmark | - | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 19 | 323 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 27, 2025 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
GMOC
USA
27.87%
Other
72.13%
SHM
USA
31.88%
Other
68.12%
Sectors
GMOC
Sovereign
25.94%
Other
74.06%
SHM
Municipal
31.88%
Other
68.12%
Diversification
GMOC
Total weight of top 15 holdings out of 15
61.58%
SHM
Total weight of top 15 holdings out of 15
6.56%
Top 15 holdings
Data as of August 31, 2026
GMOC
US94949GAW15
7.64%
US48249VBE02
5.10%
US95023AAL44
4.95%
US69702EAJ47
4.65%
US87167NDL64
4.42%
US05684GAQ91
4.21%
USA, Notes 3.5% 31jan2028, USD (U-2028)
4.03%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
4.01%
US39809TAW71
3.95%
USA, Notes 3.375% 30nov2027, USD (BL-2027)
3.46%
US92332NBC83
3.37%
US07132JBL70
3.19%
USA, Notes 3.5% 30sep2027, USD (BH-2027)
3.12%
USA, Notes 3.625% 31aug2027, USD (BG-2027)
2.86%
USA, Notes FRN 31jul2028, USD (BF-2028)
2.63%
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 GMOC and SHM
How have the GMOC and SHM ETFs performed in 2026?
As of October 16, 2026, GMOC is up 3.26% year-to-date (YTD), while SHM has returned 0.16%. That puts GMOC better performer ahead so far this year.
Which ETF is attracting more investor money: GMOC or SHM?
Year-to-date, the GMOC ETF saw +$27M in flows, compared to +$47M for SHM.
Which ETF is bigger: GMOC or SHM?
As of October 16, 2026, GMOC holds $34.47 M in assets under management (AUM), while SHM manages $3.49 B.
What sectors do the GMOC and SHM ETFs invest in?
GMOC leans toward sectors like Sovereign. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the GMOC ETF and SHM ETF?
GMOC top holdings include US94949GAW15, US48249VBE02 and US95023AAL44. SHM holds in its top three: US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97.
Which ETF is more diversified: GMOC or SHM?
GMOC holds 57 securities with 61.58% of its assets in the top 15. SHM has 1087 securities and a top 15 weight of 6.56%.
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