SHMvsSMBSETF 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) belongs to the Municipal Bonds segment. Schwab Mortgage-Backed Securities ETF (SMBS) is part of the MBS & ABS segment. SHM's top 1 sector exposures are Municipal. In contrast, SMBS's top sector exposures are Industrials, Finance and Government Agencies. SHM is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.03% for SMBS. SHM is up 0.96% year-to-date (YTD) with +$38M in YTD flows. SMBS performs worse with -0.64% YTD performance, and +$836M in YTD flows. Run a side-by-side ETF comparison of SHM and SMBS 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 SMBS 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 SMBS | +2.34%+2.22% | +0.29%-0.92% | +0.96%-0.64% | +1.47%-0.41% | +10.11%n/a | +5.09%n/a |
| Flows | SHM SMBS | -$5M+$172M | +$62M+$80M | +$38M+$836M | +$52M+$1.08B | -$425M- | -$1.35B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHM SMBS | +2.49%+5.80% | +1.51%+4.46% | +1.67%n/a | +1.73%n/a |
| Max drawdown | SHM SMBS | -2.52%-4.24% | -2.61%-5.12% | -2.61%n/a | -6.17%n/a |
| Max drawdown duration | SHM SMBS | 74d62d | 239d239d | 239dn/a | 1014dn/a |
Trading data
SHM | SMBS | |
Last sale 10/27/2026 at 1:30 PM | $47.40 | $24.52 |
| Previous close 10/26/2026 | $47.44 | $24.50 |
| 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 September 30, 2026
1-year trailing difference
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SHM | SMBS | |
|---|---|---|
| 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 | SMBS | |
|---|---|---|
| Last price | $47.40 | $24.52 |
| 1D performance | -0.08% | +0.08% |
| AuM | $3.51 B | $6.41 B |
| E/R | 0.2% | 0.03% |
Characteristics
SHM | SMBS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Schwab ETFs |
| Benchmark | ICE 1-5 Year AMT-Free Broad Municipal Index | Bloomberg U.S. MBS Float Adjusted Index |
| N° of holdings | 323 | 430 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 10, 2007 | November 19, 2024 |
| ESG | No | No |
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Exposure
Countries
SHM
USA
31.88%
Other
68.12%
SMBS
USA
33.79%
Other
66.21%
Sectors
SHM
Municipal
31.88%
Other
68.12%
SMBS
Industrials
33.23%
Other
66.77%
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Diversification
SHM
Total weight of top 15 holdings out of 15
6.56%
SMBS
Total weight of top 15 holdings out of 15
5.8%
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%
SMBS
G2 MB0025, 5% 20nov2054, USD (ABS)
0.67%
US31427R6E50
0.59%
FR SD8469, 5.5% 1oct2054, USD (ABS)
0.48%
FR SD8193, 2% 1feb2052, USD (ABS)
0.40%
US31418DYX47
0.40%
FR SD8106, 2% 1nov2050, USD (ABS)
0.36%
US3618N6HU47
0.35%
FR RQ0110, 5% 1apr2056, USD (ABS)
0.34%
FR RQ0102, 5% 1mar2056, USD (ABS)
0.34%
US3132DWDC47
0.33%
FR SD7552, 2.5% 1jan2052, USD (ABS)
0.31%
US31418EQ948
0.31%
US3142J6BK85
0.30%
US3132DWAN39
0.30%
US3618N6NA19
0.30%
Frequently asked questions about SHM and SMBS
How have the SHM and SMBS ETFs performed in 2026?
As of October 26, 2026, SHM is up 0.96% year-to-date (YTD), while SMBS has lost -0.64%. That puts SHM better performer ahead so far this year.
Which ETF is attracting more investor money: SHM or SMBS?
Year-to-date, the SHM ETF saw +$38M in flows, compared to +$836M for SMBS.
Which ETF is more volatile: SHM or SMBS?
Over the past year, SHM had a volatility of 1.51%, while SMBS experienced 4.46%.
Which ETF is bigger: SHM or SMBS?
As of October 26, 2026, SHM holds $3.51 B in assets under management (AUM), while SMBS manages $6.41 B.
What sectors do the SHM and SMBS ETFs invest in?
SHM leans toward sectors like Municipal. Meanwhile, SMBS focuses on Industrials.
What are the top holdings of the SHM ETF and SMBS ETF?
SHM top holdings include US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97. SMBS holds in its top three: G2 MB0025, 5% 20nov2054, USD (ABS), US31427R6E50 and FR SD8469, 5.5% 1oct2054, USD (ABS).
Which ETF is more diversified: SHM or SMBS?
SHM holds 1087 securities with 6.56% of its assets in the top 15. SMBS has 1965 securities and a top 15 weight of 5.8%.
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Latest news about SHM & SMBS
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