SHMvsSMBSETF Comparison
ETF 1
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
+0.14%
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 0.35% year-to-date (YTD) with +$33M in YTD flows. SMBS performs worse with -1.08% YTD performance, and +$842M 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 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SHM SMBS | -0.70%-1.41% | -0.51%-2.08% | +0.35%-1.08% | +0.31%+0.17% | +8.18%n/a | +3.89%n/a |
| Flows | SHM SMBS | +$57M+$68M | +$86M+$215M | +$33M+$842M | +$115M+$1.23B | -$555M- | -$1.22B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHM SMBS | +1.29%+4.57% | +1.03%+3.95% | +1.59%n/a | +1.66%n/a |
| Max drawdown | SHM SMBS | -0.87%-2.61% | -1.10%-3.03% | -2.01%n/a | -6.52%n/a |
| Max drawdown duration | SHM SMBS | 67d74d | 194d194d | 66dn/a | 1074dn/a |
Trading data
SHM | SMBS | |
Last sale 9/11/2026 at 1:30 PM | $47.31 | $24.51 |
| Previous close 09/10/2026 | $47.30 | $24.54 |
| 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 August 31, 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 9/11/2026 at 1:30 PM
Live
Closed
SHM | SMBS | |
|---|---|---|
| Last price | $47.31 | $24.51 |
| 1D performance | +0.02% | -0.12% |
| AuM | $3.50 B | $6.42 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 | 325 | 443 |
| 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
33.54%
Other
66.46%
SMBS
USA
34%
Other
66%
Sectors
SHM
Municipal
33.54%
Other
66.46%
SMBS
Industrials
33.45%
Other
66.55%
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Diversification
SHM
Total weight of top 15 holdings out of 15
7.09%
SMBS
Total weight of top 15 holdings out of 15
5.64%
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%
US343137RQ01
0.37%
New Jersey Transportation Trust Fund Authority, 5% 15dec2027, USD
0.37%
US574204W906
0.36%
US61334PFH10
0.36%
US13013JBJ43
0.34%
Connecticut, 5% 15jul2027, USD
0.33%
SMBS
G2 MB0025, 5% 20nov2054, USD (ABS)
0.67%
FR SD8469, 5.5% 1oct2054, USD (ABS)
0.49%
US31418DYX47
0.40%
US31427R6E50
0.39%
FR SD8193, 2% 1feb2052, USD (ABS)
0.37%
FR SD8106, 2% 1nov2050, USD (ABS)
0.35%
US3618N6HU47
0.35%
US3618N56H72
0.35%
US3618N53X59
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%
US3142J6BK85
0.30%
US3132DWAN39
0.30%
Frequently asked questions about SHM and SMBS
How have the SHM and SMBS ETFs performed in 2026?
As of September 11, 2026, SHM is up 0.35% year-to-date (YTD), while SMBS has lost -1.08%. 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 +$33M in flows, compared to +$842M for SMBS.
Which ETF is more volatile: SHM or SMBS?
Over the past year, SHM had a volatility of 1.03%, while SMBS experienced 3.95%.
Which ETF is bigger: SHM or SMBS?
As of September 11, 2026, SHM holds $3.50 B in assets under management (AUM), while SMBS manages $6.42 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, California Public Works Board, 5% 1oct2027, USD and New York Dormitory Authority, 2.5% 1jul1993, USD. SMBS holds in its top three: G2 MB0025, 5% 20nov2054, USD (ABS), FR SD8469, 5.5% 1oct2054, USD (ABS) and US31418DYX47.
Which ETF is more diversified: SHM or SMBS?
SHM holds 1058 securities with 7.09% of its assets in the top 15. SMBS has 1999 securities and a top 15 weight of 5.64%.
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Latest news about SHM & SMBS
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