SHMvsBKMIETF 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 BNY Mellon Municipal Intermediate ETF (BKMI) belong to the same industry segment: Municipal Bonds. SHM's top 1 sector exposures are Municipal. In contrast, BKMI's top sector exposures are Municipal and Sovereign. SHM is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.35% for BKMI. Run a side-by-side ETF comparison of SHM and BKMI 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 BKMI 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 BKMI | -0.77%-2.20% | -0.58%-2.68% | +0.27%n/a | +0.31%n/a | +8.10%n/a | +3.82%n/a |
| Flows | SHM BKMI | +$57M+$30M | +$86M+$8M | +$33M- | +$115M- | -$555M- | -$1.21B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHM BKMI | +1.28%+2.65% | +1.02%n/a | +1.59%n/a | +1.66%n/a |
| Max drawdown | SHM BKMI | -0.87%-3.15% | -1.10%n/a | -2.01%n/a | -6.52%n/a |
| Max drawdown duration | SHM BKMI | 66d66d | 193dn/a | 66dn/a | 1074dn/a |
Trading data
SHM | BKMI | |
Last sale 9/11/2026 at 1:30 PM | $47.31 | $25.48 |
| Previous close 09/10/2026 | $47.30 | $25.45 |
| 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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BKMI
is actively managed and doesn’t replicate an indexSHM | BKMI | |
|---|---|---|
| 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 | BKMI | |
|---|---|---|
| Last price | $47.31 | $25.48 |
| 1D performance | +0.02% | +0.12% |
| AuM | $3.49 B | $1.66 B |
| E/R | 0.2% | 0.35% |
Characteristics
SHM | BKMI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | BNY Mellon |
| Benchmark | ICE 1-5 Year AMT-Free Broad Municipal Index | - |
| N° of holdings | 325 | 135 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 10, 2007 | January 9, 2026 |
| ESG | No | No |
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Exposure
Countries
SHM
USA
33.54%
Other
66.46%
BKMI
USA
34.04%
Other
65.96%
Sectors
SHM
Municipal
33.54%
Other
66.46%
BKMI
Municipal
33.88%
Other
66.12%
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Diversification
SHM
Total weight of top 15 holdings out of 15
7.09%
BKMI
Total weight of top 15 holdings out of 15
10.85%
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%
BKMI
US452227VK43
0.96%
New York Liberty Development Corp., 5% 15nov2044, USD
0.93%
US736742ZR10
0.82%
State of Washington, 5% 1jul2038, USD (2023B)
0.76%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2033, USD (2018A)
0.74%
US56682HDR75
0.71%
US59333APJ42
0.68%
New York Dormitory Authority, 5% 1oct2035, USD (2026A)
0.67%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.66%
US59261A4U82
0.66%
US87638TJU88
0.65%
US88283KCB26
0.65%
US882725DB74
0.65%
US74445HAL42
0.65%
US56035DHT28
0.65%
Frequently asked questions about SHM and BKMI
Which ETF is bigger: SHM or BKMI?
As of September 10, 2026, SHM holds $3.49 B in assets under management (AUM), while BKMI manages $1.66 B.
What sectors do the SHM and BKMI ETFs invest in?
SHM leans toward sectors like Municipal. Meanwhile, BKMI focuses on Municipal.
What are the top holdings of the SHM ETF and BKMI ETF?
SHM top holdings include US84136HCT86, California Public Works Board, 5% 1oct2027, USD and New York Dormitory Authority, 2.5% 1jul1993, USD. BKMI holds in its top three: US452227VK43, New York Liberty Development Corp., 5% 15nov2044, USD and US736742ZR10.
Which ETF is more diversified: SHM or BKMI?
SHM holds 1058 securities with 7.09% of its assets in the top 15. BKMI has 531 securities and a top 15 weight of 10.85%.
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