SHMvsCGSMETF Comparison
ETF 1
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
+0.28%
VS
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) and Capital Group Short Duration Municipal Income ETF (CGSM) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. SHM is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.25% for CGSM. SHM is up 0.96% year-to-date (YTD) with +$38M in YTD flows. CGSM performs better with 1.4% YTD performance, and +$764M in YTD flows. Run a side-by-side ETF comparison of SHM and CGSM 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 CGSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SHM CGSM | +2.34%+2.13% | +0.29%+0.28% | +0.96%+1.40% | +1.47%+1.99% | +10.11%+14.51% | +5.09%n/a |
| Flows | SHM CGSM | -$5M+$96M | +$62M+$165M | +$38M+$764M | +$52M+$836M | -$425M+$1.67B | -$1.35B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHM CGSM | +2.49%+2.31% | +1.51%+1.73% | +1.67%+1.96% | +1.73%n/a |
| Max drawdown | SHM CGSM | -2.52%-2.33% | -2.61%-2.33% | -2.61%-2.33% | -6.17%n/a |
| Max drawdown duration | SHM CGSM | 74d62d | 239d62d | 239d62d | 1014dn/a |
Trading data
SHM | CGSM | |
Last sale 10/27/2026 at 1:30 PM | $47.40 | $26.19 |
| Previous close 10/26/2026 | $47.44 | $26.18 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 28, 2026
1-year trailing difference
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CGSM
is actively managed and doesn’t replicate an indexSHM | CGSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
SHM | CGSM | |
|---|---|---|
| Last price | $47.40 | $26.19 |
| 1D performance | -0.08% | +0.04% |
| AuM | $3.51 B | $1.71 B |
| E/R | 0.2% | 0.25% |
Characteristics
SHM | CGSM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | Capital Group |
| Benchmark | ICE 1-5 Year AMT-Free Broad Municipal Index | - |
| N° of holdings | 323 | 235 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 10, 2007 | September 26, 2023 |
| ESG | No | No |
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Exposure
Countries
SHM
USA
31.88%
Other
68.12%
CGSM
USA
30.46%
Other
69.54%
Sectors
SHM
Municipal
31.88%
Other
68.12%
CGSM
Municipal
30.46%
Other
69.54%
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Diversification
SHM
Total weight of top 15 holdings out of 15
6.56%
CGSM
Total weight of top 15 holdings out of 15
11.02%
Top 15 holdings
Data as of August 31, 2026
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%
US574204W906
0.36%
US343137RQ01
0.36%
US61334PFH10
0.35%
US13063EUS35
0.34%
US13013JBJ43
0.33%
US74440DFN93
0.32%
Connecticut, 5% 15jul2027, USD
0.32%
CGSM
US650028E821
1.12%
US574193XS28
1.02%
US34153QZG45
1.01%
US83703FLR19
0.99%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)
0.83%
US373385QZ98
0.66%
US57421CLT98
0.63%
PEFA Inc., 5% 1sep2049, USD (2019)
0.63%
Puerto Rico, FRN 1nov2043, USD
0.62%
Virginia College Building Authority, 5% 1feb2032, USD
0.62%
US48542TBS87
0.61%
US74440DFN93
0.59%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.58%
US254773BN34
0.57%
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
0.54%
Frequently asked questions about SHM and CGSM
How have the SHM and CGSM ETFs performed in 2026?
As of October 26, 2026, SHM is up 0.96% year-to-date (YTD), while CGSM has returned 1.4%. That puts CGSM better performer ahead so far this year.
Which ETF is attracting more investor money: SHM or CGSM?
Year-to-date, the SHM ETF saw +$38M in flows, compared to +$764M for CGSM.
Which ETF is more volatile: SHM or CGSM?
Over the past year, SHM had a volatility of 1.51%, while CGSM experienced 1.73%.
Which ETF is bigger: SHM or CGSM?
As of October 26, 2026, SHM holds $3.51 B in assets under management (AUM), while CGSM manages $1.71 B.
What sectors do the SHM and CGSM ETFs invest in?
SHM leans toward sectors like Municipal. Meanwhile, CGSM focuses on Municipal.
What are the top holdings of the SHM ETF and CGSM ETF?
SHM top holdings include US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97. CGSM holds in its top three: US650028E821, US574193XS28 and US34153QZG45.
Which ETF is more diversified: SHM or CGSM?
SHM holds 1087 securities with 6.56% of its assets in the top 15. CGSM has 1032 securities and a top 15 weight of 11.02%.
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Latest news about SHM & CGSM
Which Types of Bond ETFs Are the Most Tax Efficient?
September 2, 2025
SHM
A Close Look at Capital Group's 5 New Active ETFs Listed on NYSE ARCA
October 26, 2023
CGSM
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