SCUSvsSHMETF Comparison
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
-0.02%
Schwab Ultra-Short Income ETF (SCUS) 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. SCUS's top 3 sector exposures are Finance, Technology and Energy. In contrast, SHM's top sector exposures are Municipal. SCUS is less expensive with a Total Expense Ratio (TER) of 0.14%, versus 0.2% for SHM. SCUS is up 2.71% year-to-date (YTD) with +$81M in YTD flows. SHM performs worse with 0.97% YTD performance, and +$38M in YTD flows. Run a side-by-side ETF comparison of SCUS 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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SCUS vs SHM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCUS SHM | +0.45%+2.34% | +0.80%+0.25% | +2.71%+0.97% | +3.43%+1.48% | n/a+10.09% | n/a+5.07% |
| Flows | SCUS SHM | +$3M-$5M | +$23M+$62M | +$81M+$38M | +$111M+$52M | --$411M | --$1.35B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCUS SHM | +0.42%+2.47% | +0.38%+1.50% | n/a+1.67% | n/a+1.73% |
| Max drawdown | SCUS SHM | -0.11%-2.52% | -0.11%-2.61% | n/a-2.61% | n/a-6.17% |
| Max drawdown duration | SCUS SHM | 22d76d | 22d241d | n/a241d | n/a1014d |
Trading data
SCUS | SHM | |
Last sale 10/29/2026 at 3:17 PM | $25.11 | $47.46 |
| Previous close 10/28/2026 | $25.11 | $47.43 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 29, 2026
1-year trailing difference
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SCUS
is actively managed and doesn’t replicate an indexSCUS | 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 10/29/2026 at 3:17 PM
Live
Closed
SCUS | SHM | |
|---|---|---|
| Last price | $25.11 | $47.46 |
| 1D performance | +0.02% | +0.06% |
| AuM | $263.64 M | $3.51 B |
| E/R | 0.14% | 0.2% |
Characteristics
SCUS | SHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Schwab ETFs | State Street Investment Management |
| Benchmark | - | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 79 | 323 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 13, 2024 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
SCUS
USA
32.92%
Other
67.08%
SHM
USA
31.88%
Other
68.12%
Sectors
SCUS
Finance
20.43%
Other
79.57%
SHM
Municipal
31.88%
Other
68.12%
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Diversification
SCUS
Total weight of top 15 holdings out of 15
32.08%
SHM
Total weight of top 15 holdings out of 15
6.56%
Top 15 holdings
Data as of August 31, 2026
SCUS
US83369CVL52
2.96%
US63906FRM31
2.38%
US20632LHT70
2.22%
US65557LFD01
2.21%
US05971MHE84
2.21%
US45687UP106
2.18%
US55607LQ157
2.17%
Salesforce, 4.65% 15mar2029, USD
2.12%
U.S. Bancorp, 3.15% 27apr2027, USD (X)
2.06%
US90351XQR79
2.03%
Simon Property Group L.P., 1.375% 15jan2027, USD
2.01%
US40446MVD81
1.99%
US05593DMU45
1.94%
US22536XBR44
1.85%
US22536WTD82
1.75%
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%
Connecticut, 5% 15jul2027, USD
0.32%
US74440DFN93
0.32%
Frequently asked questions about SCUS and SHM
How have the SCUS and SHM ETFs performed in 2026?
As of October 28, 2026, SCUS is up 2.71% year-to-date (YTD), while SHM has returned 0.97%. That puts SCUS better performer ahead so far this year.
Which ETF is attracting more investor money: SCUS or SHM?
Year-to-date, the SCUS ETF saw +$81M in flows, compared to +$38M for SHM.
Which ETF is more volatile: SCUS or SHM?
Over the past year, SCUS had a volatility of 0.38%, while SHM experienced 1.5%.
Which ETF is bigger: SCUS or SHM?
As of October 28, 2026, SCUS holds $263.64 M in assets under management (AUM), while SHM manages $3.51 B.
What sectors do the SCUS and SHM ETFs invest in?
SCUS leans toward sectors like Finance. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the SCUS ETF and SHM ETF?
SCUS top holdings include US83369CVL52, US63906FRM31 and US20632LHT70. SHM holds in its top three: US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97.
Which ETF is more diversified: SCUS or SHM?
SCUS holds 139 securities with 32.08% of its assets in the top 15. SHM has 1087 securities and a top 15 weight of 6.56%.
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