SHMvsAMUNETF Comparison
ETF 1
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
-0.69%
VS
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) and abrdn Ultra Short Municipal Income Active ETF (AMUN) belong to the same industry segment: Municipal Bonds. SHM's top 1 sector exposures are Municipal. In contrast, AMUN's top sector exposures are Municipal and Non-Corporate. SHM is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.74% for AMUN. SHM is up 0.27% year-to-date (YTD) with +$33M in YTD flows. AMUN performs better with 1.88% YTD performance, and +$25M in YTD flows. Run a side-by-side ETF comparison of SHM and AMUN 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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SHM vs AMUN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SHM AMUN | -0.77%+0.12% | -0.58%+0.58% | +0.27%+1.88% | +0.31%n/a | +8.10%n/a | +3.82%n/a |
| Flows | SHM AMUN | +$57M+$2M | +$86M+$1M | +$33M+$25M | +$115M- | -$555M- | -$1.21B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHM AMUN | +1.28%+0.36% | +1.02%n/a | +1.59%n/a | +1.66%n/a |
| Max drawdown | SHM AMUN | -0.87%-0.08% | -1.10%n/a | -2.01%n/a | -6.52%n/a |
| Max drawdown duration | SHM AMUN | 66d2d | 193dn/a | 66dn/a | 1074dn/a |
Trading data
SHM | AMUN | |
Last sale 9/11/2026 at 1:30 PM | $47.31 | $26.05 |
| Previous close 09/10/2026 | $47.30 | $26.04 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 12, 2026
1-year trailing difference
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AMUN
is actively managed and doesn’t replicate an indexSHM | AMUN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
SHM | AMUN | |
|---|---|---|
| Last price | $47.31 | $26.05 |
| 1D performance | +0.02% | +0.02% |
| AuM | $3.49 B | $55.04 M |
| E/R | 0.2% | 0.74% |
Characteristics
SHM | AMUN | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | abrdn |
| Benchmark | ICE 1-5 Year AMT-Free Broad Municipal Index | - |
| N° of holdings | 325 | 17 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 10, 2007 | October 17, 2025 |
| ESG | No | No |
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Exposure
Countries
SHM
USA
33.54%
Other
66.46%
AMUN
USA
33.29%
Other
66.71%
Sectors
SHM
Municipal
33.54%
Other
66.46%
AMUN
Municipal
33.11%
Other
66.89%
Diversification
SHM
Total weight of top 15 holdings out of 15
7.09%
AMUN
Total weight of top 15 holdings out of 15
53.8%
Top 15 holdings
Data as of July 31, 2026
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%
New Jersey Transportation Trust Fund Authority, 5% 15dec2027, USD
0.37%
US343137RQ01
0.37%
US574204W906
0.36%
US61334PFH10
0.36%
US13013JBJ43
0.34%
Connecticut, 5% 15jul2027, USD
0.33%
AMUN
Massachusetts Port Authority, 5% 1jul2043, USD (2016-B)
4.70%
Tennessee Energy Acquisition Corp., 5.625% 1sep2026, USD
4.14%
US46640KYU23
4.13%
US546598AA16
3.95%
US230589AB90
3.81%
Chandler Industrial Development Authority, 5% 1sep2052, USD (2022-2)
3.79%
Newark, 4.25% 5may2027, USD (2026)
3.77%
US478232SD45
3.77%
US88035TZV50
3.76%
US34074EAF60
3.76%
US7386297S79
3.75%
Mississippi Business Finance Corp., FRN 1nov2032, USD (2007A)
3.08%
US414008CX87
2.77%
PEFA Inc., 5% 1sep2049, USD (2019)
2.35%
US06964KAB26
2.26%
Frequently asked questions about SHM and AMUN
How have the SHM and AMUN ETFs performed in 2026?
As of September 10, 2026, SHM is up 0.27% year-to-date (YTD), while AMUN has returned 1.88%. That puts AMUN better performer ahead so far this year.
Which ETF is attracting more investor money: SHM or AMUN?
Year-to-date, the SHM ETF saw +$33M in flows, compared to +$25M for AMUN.
Which ETF is bigger: SHM or AMUN?
As of September 10, 2026, SHM holds $3.49 B in assets under management (AUM), while AMUN manages $55.04 M.
What sectors do the SHM and AMUN ETFs invest in?
SHM leans toward sectors like Municipal. Meanwhile, AMUN focuses on Municipal.
What are the top holdings of the SHM ETF and AMUN ETF?
SHM top holdings include US84136HCT86, California Public Works Board, 5% 1oct2027, USD and New York Dormitory Authority, 2.5% 1jul1993, USD. AMUN holds in its top three: Massachusetts Port Authority, 5% 1jul2043, USD (2016-B), Tennessee Energy Acquisition Corp., 5.625% 1sep2026, USD and US46640KYU23.
Which ETF is more diversified: SHM or AMUN?
SHM holds 1058 securities with 7.09% of its assets in the top 15. AMUN has 63 securities and a top 15 weight of 53.8%.
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