MFSMvsSHMETF Comparison
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
+0.2%
MFS Active Intermediate Muni Bond ETF (MFSM) 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. MFSM is more expensive with a Total Expense Ratio (TER) of 0.34%, versus 0.2% for SHM. MFSM is down -0.57% year-to-date (YTD) with +$73M in YTD flows. SHM performs better with 0.76% YTD performance, and +$38M in YTD flows. Run a side-by-side ETF comparison of MFSM 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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MFSM 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. | MFSM SHM | +1.69%+1.26% | -1.09%+0.28% | -0.57%+0.76% | -0.09%+1.26% | n/a+9.94% | n/a+4.84% |
| Flows | MFSM SHM | +$18M-$5M | +$24M+$62M | +$73M+$38M | +$75M+$52M | --$425M | --$1.35B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MFSM SHM | +5.38%+2.46% | +3.32%+1.49% | n/a+1.66% | n/a+1.73% |
| Max drawdown | MFSM SHM | -5.93%-2.52% | -6.71%-2.61% | n/a-2.61% | n/a-6.17% |
| Max drawdown duration | MFSM SHM | 71d71d | 109d236d | n/a236d | n/a1014d |
Trading data
MFSM | SHM | |
Last sale 10/23/2026 at 1:30 PM | $24.20 | $47.32 |
| Previous close 10/23/2026 | $24.19 | $47.28 |
| 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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MFSM
is actively managed and doesn’t replicate an indexMFSM | 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 10/23/2026 at 1:30 PM
Live
Closed
MFSM | SHM | |
|---|---|---|
| Last price | $24.20 | $47.32 |
| 1D performance | +0.04% | +0.08% |
| AuM | $122.17 M | $3.51 B |
| E/R | 0.34% | 0.2% |
Characteristics
MFSM | SHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | MFS | State Street Investment Management |
| Benchmark | - | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 101 | 323 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 4, 2024 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
MFSM
USA
25.81%
Other
74.19%
SHM
USA
31.88%
Other
68.12%
Sectors
MFSM
Municipal
25.81%
Other
74.19%
SHM
Municipal
31.88%
Other
68.12%
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Diversification
MFSM
Total weight of top 15 holdings out of 15
9.44%
SHM
Total weight of top 15 holdings out of 15
6.56%
Top 15 holdings
Data as of August 31, 2026
MFSM
US60416UV512
0.91%
Oklahoma Public Property Authority, 5% 1jun2034, USD (2026)
0.80%
Missouri Health and Educational Facilities Authority, 5% 1apr2036, USD (2026A)
0.80%
California Community Choice Financing Authority, 5% 1dec2055, USD (2025C)
0.70%
US763056DQ86
0.68%
US702538FE43
0.68%
US95235TAW36
0.66%
US10623ADK60
0.54%
Paulding Hospital Authority, 5% 1apr2036, USD
0.53%
US49121DAB82
0.53%
St. Tammany Parish Hospital Service District №1, 5% 1jul2056, USD (2026A)
0.52%
St. Cloud, 5% 1may2036, USD (2026)
0.52%
Austin, 5% 15nov2034, USD (2026B)
0.52%
US75989FAM59
0.52%
US897579CQ99
0.52%
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 MFSM and SHM
How have the MFSM and SHM ETFs performed in 2026?
As of October 23, 2026, MFSM is down -0.57% 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: MFSM or SHM?
Year-to-date, the MFSM ETF saw +$73M in flows, compared to +$38M for SHM.
Which ETF is more volatile: MFSM or SHM?
Over the past year, MFSM had a volatility of 3.32%, while SHM experienced 1.49%.
Which ETF is bigger: MFSM or SHM?
As of October 23, 2026, MFSM holds $122.17 M in assets under management (AUM), while SHM manages $3.51 B.
What sectors do the MFSM and SHM ETFs invest in?
MFSM leans toward sectors like Municipal. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the MFSM ETF and SHM ETF?
MFSM top holdings include US60416UV512, Oklahoma Public Property Authority, 5% 1jun2034, USD (2026) and Missouri Health and Educational Facilities Authority, 5% 1apr2036, USD (2026A). SHM holds in its top three: US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97.
Which ETF is more diversified: MFSM or SHM?
MFSM holds 418 securities with 9.44% 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 MFSM & SHM
Which Types of Bond ETFs Are the Most Tax Efficient?
September 2, 2025
SHM
What's the Fund | MFS Active Intermediate Muni Bond ETF (MFSM)
July 25, 2025
MFSM
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