JIIIvsSHMETF Comparison
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
-0.03%
Janus Henderson Income ETF (JIII) belongs to the Intl Aggregate Bonds segment. State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) is part of the Municipal Bonds segment. JIII's top 3 sector exposures are Industrials, Finance and Energy. In contrast, SHM's top sector exposures are Municipal. JIII is more expensive with a Total Expense Ratio (TER) of 0.56%, versus 0.2% for SHM. JIII is up 1.8% year-to-date (YTD) with +$55M in YTD flows. SHM performs worse with 0.84% YTD performance, and +$23M in YTD flows. Run a side-by-side ETF comparison of JIII 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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JIII 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. | JIII SHM | +0.22%+0.13% | +0.47%+0.03% | +1.80%+0.84% | +4.01%+1.44% | n/a+8.71% | n/a+4.43% |
| Flows | JIII SHM | +$10M+$48M | +$25M+$76M | +$55M+$23M | +$62M+$115M | --$583M | --$1.22B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JIII SHM | +2.96%+1.00% | +2.77%+0.97% | n/a+1.57% | n/a+1.65% |
| Max drawdown | JIII SHM | -0.91%-0.66% | -2.27%-1.10% | n/a-2.01% | n/a-6.52% |
| Max drawdown duration | JIII SHM | 37d58d | 46d185d | n/a66d | n/a1074d |
Trading data
JIII | SHM | |
Last sale 9/3/2026 at 1:30 PM | $49.08 | $47.50 |
| Previous close 09/02/2026 | $49.04 | $47.54 |
| 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 4, 2026
1-year trailing difference
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JIII
is actively managed and doesn’t replicate an indexJIII | 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 9/3/2026 at 1:30 PM
Live
Closed
JIII | SHM | |
|---|---|---|
| Last price | $49.08 | $47.50 |
| 1D performance | +0.08% | -0.08% |
| AuM | $199.01 M | $3.50 B |
| E/R | 0.56% | 0.2% |
Characteristics
JIII | SHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Janus Henderson Investors | State Street Investment Management |
| Benchmark | - | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 458 | 325 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 12, 2024 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
JIII
USA
29.18%
Other
70.82%
SHM
USA
33.54%
Other
66.46%
Sectors
JIII
Industrials
7.25%
Other
92.75%
SHM
Municipal
33.54%
Other
66.46%
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Diversification
JIII
Total weight of top 15 holdings out of 15
27.43%
SHM
Total weight of top 15 holdings out of 15
7.09%
Top 15 holdings
Data as of July 31, 2026
JIII
US01F0526800
5.68%
US01F0506844
3.97%
US01F0426811
3.38%
US01F0606834
2.76%
US01F0326821
2.49%
US01F0306864
2.16%
US01F0406854
1.17%
US21H0326882
0.98%
US35564KPP83
0.90%
US207941AF22
0.79%
US362414AG97
0.71%
US171935AA72
0.66%
US35564KNE54
0.63%
US20754EAJ47
0.58%
BX Trust 2024-GPA3, FRN 15dec2039, USD (ABS, C)
0.56%
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%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.41%
US91412HTD51
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 JIII and SHM
How have the JIII and SHM ETFs performed in 2026?
As of September 2, 2026, JIII is up 1.8% year-to-date (YTD), while SHM has returned 0.84%. That puts JIII better performer ahead so far this year.
Which ETF is attracting more investor money: JIII or SHM?
Year-to-date, the JIII ETF saw +$55M in flows, compared to +$23M for SHM.
Which ETF is more volatile: JIII or SHM?
Over the past year, JIII had a volatility of 2.77%, while SHM experienced 0.97%.
Which ETF is bigger: JIII or SHM?
As of September 2, 2026, JIII holds $199.01 M in assets under management (AUM), while SHM manages $3.50 B.
What sectors do the JIII and SHM ETFs invest in?
JIII leans toward sectors like Industrials. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the JIII ETF and SHM ETF?
JIII top holdings include US01F0526800, US01F0506844 and US01F0426811. 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: JIII or SHM?
JIII holds 1453 securities with 27.43% of its assets in the top 15. SHM has 1058 securities and a top 15 weight of 7.09%.
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