GTOvsSHMETF Comparison
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
+0.21%
Invesco Total Return Bond ETF (GTO) belongs to the Money Market Bonds segment. State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) is part of the Municipal Bonds segment. GTO's top 3 sector exposures are Finance, Sovereign and Industrials. In contrast, SHM's top sector exposures are Municipal. GTO is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.2% for SHM. GTO is down -3.87% year-to-date (YTD) with +$673M in YTD flows. SHM performs better with 0.76% YTD performance, and +$38M in YTD flows. Run a side-by-side ETF comparison of GTO 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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GTO vs SHM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GTO SHM | +0.32%+1.26% | -1.33%+0.28% | -3.87%+0.76% | -3.77%+1.26% | +15.33%+9.94% | -4.21%+4.84% |
| Flows | GTO SHM | +$114M-$5M | +$214M+$62M | +$673M+$38M | +$761M+$52M | +$1.62B-$425M | +$1.87B-$1.35B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GTO SHM | +4.43%+2.46% | +3.92%+1.49% | +4.74%+1.66% | +5.41%+1.73% |
| Max drawdown | GTO SHM | -3.65%-2.52% | -6.36%-2.61% | -6.36%-2.61% | -19.94%-6.17% |
| Max drawdown duration | GTO SHM | 65d71d | 248d236d | 248d236d | 1809d1014d |
Trading data
GTO | SHM | |
Last sale 10/26/2026 at 7:48 PM | $45.06 | $47.42 |
| Previous close 10/23/2026 | $45.03 | $47.32 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 26, 2026
1-year trailing difference
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GTO
is actively managed and doesn’t replicate an indexGTO | 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 10/26/2026 at 7:48 PM
Live
Closed
GTO | SHM | |
|---|---|---|
| Last price | $45.06 | $47.42 |
| 1D performance | +0.07% | +0.21% |
| AuM | $2.57 B | $3.51 B |
| E/R | 0.35% | 0.2% |
Characteristics
GTO | SHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Invesco | State Street Investment Management |
| Benchmark | - | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 2245 | 323 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 10, 2016 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
GTO
USA
30.77%
Other
69.23%
SHM
USA
31.88%
Other
68.12%
Sectors
GTO
Finance
11.93%
Sovereign
10.76%
Industrials
7.26%
Other
70.05%
SHM
Municipal
31.88%
Other
68.12%
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Diversification
GTO
Total weight of top 15 holdings out of 15
28.22%
SHM
Total weight of top 15 holdings out of 15
6.56%
Top 15 holdings
Data as of August 31, 2026
GTO
US91282CRF04
5.23%
USA, Bonds 5% 15may2056, USD
3.57%
US21H0226975
3.11%
USA, Notes 4.375% 31jul2031, USD (AB-2031)
2.95%
US21H0206910
1.78%
US01F0306948
1.64%
US91282CRG86
1.53%
US01F0526982
1.40%
US01F0326904
1.24%
US01F0506927
1.20%
US01F0406938
1.07%
USA, Notes 4.375% 31jul2033, USD (N-2033)
0.97%
US912810UX45
0.86%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
0.84%
US21H0306900
0.83%
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 GTO and SHM
How have the GTO and SHM ETFs performed in 2026?
As of October 23, 2026, GTO is down -3.87% year-to-date (YTD), while SHM has returned 0.76%. That puts SHM better performer ahead so far this year.
Which ETF is attracting more investor money: GTO or SHM?
Year-to-date, the GTO ETF saw +$673M in flows, compared to +$38M for SHM.
Which ETF is more volatile: GTO or SHM?
Over the past year, GTO had a volatility of 3.92%, while SHM experienced 1.49%.
Which ETF is bigger: GTO or SHM?
As of October 23, 2026, GTO holds $2.57 B in assets under management (AUM), while SHM manages $3.51 B.
What sectors do the GTO and SHM ETFs invest in?
GTO leans toward sectors like Finance, Sovereign and Industrials. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the GTO ETF and SHM ETF?
GTO top holdings include US91282CRF04, USA, Bonds 5% 15may2056, USD and US21H0226975. SHM holds in its top three: US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97.
Which ETF is more diversified: GTO or SHM?
GTO holds 2660 securities with 28.22% of its assets in the top 15. SHM has 1087 securities and a top 15 weight of 6.56%.
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Latest news about GTO & SHM
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