SHMvsSPMBETF Comparison
ETF 1
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
+0.28%
VS
ETF 2
SPMB
State Street State Street SPDR Portfolio Mortgage Backed Bond ETF
This fund is part of
MBS & ABS
+0.15%
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) belongs to the Municipal Bonds segment. State Street State Street SPDR Portfolio Mortgage Backed Bond ETF (SPMB) is part of the MBS & ABS segment. SHM's top 1 sector exposures are Municipal. In contrast, SPMB's top sector exposures are Industrials, Finance and Government Agencies. SHM is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.04% for SPMB. SHM is up 0.96% year-to-date (YTD) with +$38M in YTD flows. SPMB performs worse with -0.92% YTD performance, and +$587M in YTD flows. Run a side-by-side ETF comparison of SHM and SPMB 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 SPMB 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 SPMB | +2.34%+2.24% | +0.29%-1.05% | +0.96%-0.92% | +1.47%-0.83% | +10.11%+19.03% | +5.09%+0.44% |
| Flows | SHM SPMB | -$5M+$13M | +$62M+$130M | +$38M+$587M | +$52M+$774M | -$425M+$2.45B | -$1.35B+$3.59B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHM SPMB | +2.49%+6.03% | +1.51%+4.75% | +1.67%+5.73% | +1.73%+6.79% |
| Max drawdown | SHM SPMB | -2.52%-4.41% | -2.61%-5.57% | -2.61%-5.57% | -6.17%-17.04% |
| Max drawdown duration | SHM SPMB | 74d62d | 239d239d | 239d239d | 1014d1436d |
Trading data
SHM | SPMB | |
Last sale 10/27/2026 at 1:30 PM | $47.40 | $21.60 |
| Previous close 10/26/2026 | $47.44 | $21.58 |
| 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 | SPMB | |
|---|---|---|
| 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 | SPMB | |
|---|---|---|
| Last price | $47.40 | $21.60 |
| 1D performance | -0.08% | +0.09% |
| AuM | $3.51 B | $6.96 B |
| E/R | 0.2% | 0.04% |
Characteristics
SHM | SPMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | State Street Investment Management |
| Benchmark | ICE 1-5 Year AMT-Free Broad Municipal Index | Bloomberg U.S. MBS Index |
| N° of holdings | 323 | 566 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 10, 2007 | January 15, 2009 |
| ESG | No | No |
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Exposure
Countries
SHM
USA
31.88%
Other
68.12%
SPMB
USA
32.14%
Other
67.86%
Sectors
SHM
Municipal
31.88%
Other
68.12%
SPMB
Industrials
31.8%
Other
68.2%
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Diversification
SHM
Total weight of top 15 holdings out of 15
6.56%
SPMB
Total weight of top 15 holdings out of 15
9.79%
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%
SPMB
US01F0526982
1.22%
US3142J6C840
1.13%
US01F0506927
0.95%
FN MA4547, 2% 1feb2052, USD (ABS)
0.76%
US3142J6BK85
0.73%
FR SD8212, 2.5% 1may2052, USD (ABS)
0.59%
US01F0606917
0.58%
US21H0526945
0.53%
US3132DWMY65
0.53%
G2 MB0424, 5.5% 20jun2055, USD (ABS)
0.52%
FN MA4701, 4.5% 1aug2052, USD (ABS)
0.49%
FN FA0608, 5.5% 1feb2055, USD (ABS)
0.47%
FN MA4465, 2% 1nov2051, USD (ABS)
0.45%
FR SD8193, 2% 1feb2052, USD (ABS)
0.43%
FN FS2040, 2% 1feb2052, USD (ABS)
0.43%
Frequently asked questions about SHM and SPMB
How have the SHM and SPMB ETFs performed in 2026?
As of October 26, 2026, SHM is up 0.96% year-to-date (YTD), while SPMB has lost -0.92%. That puts SHM better performer ahead so far this year.
Which ETF is attracting more investor money: SHM or SPMB?
Year-to-date, the SHM ETF saw +$38M in flows, compared to +$587M for SPMB.
Which ETF is more volatile: SHM or SPMB?
Over the past year, SHM had a volatility of 1.51%, while SPMB experienced 4.75%.
Which ETF is bigger: SHM or SPMB?
As of October 26, 2026, SHM holds $3.51 B in assets under management (AUM), while SPMB manages $6.96 B.
What sectors do the SHM and SPMB ETFs invest in?
SHM leans toward sectors like Municipal. Meanwhile, SPMB focuses on Industrials.
What are the top holdings of the SHM ETF and SPMB ETF?
SHM top holdings include US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97. SPMB holds in its top three: US01F0526982, US3142J6C840 and US01F0506927.
Which ETF is more diversified: SHM or SPMB?
SHM holds 1087 securities with 6.56% of its assets in the top 15. SPMB has 2738 securities and a top 15 weight of 9.79%.
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Latest news about SHM & SPMB
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