SPMBvsSHMETF Comparison
ETF 1
SPMB
State Street State Street SPDR Portfolio Mortgage Backed Bond ETF
This fund is part of
MBS & ABS
+0.31%
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
+0.25%
State Street State Street SPDR Portfolio Mortgage Backed Bond ETF (SPMB) belongs to the MBS & ABS segment. State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) is part of the Municipal Bonds segment. SPMB's top 3 sector exposures are Industrials, Finance and Government Agencies. In contrast, SHM's top sector exposures are Municipal. SPMB is less expensive with a Total Expense Ratio (TER) of 0.04%, versus 0.2% for SHM. SPMB is down -0.34% year-to-date (YTD) with +$618M in YTD flows. SHM performs better with 1.09% YTD performance, and +$28M in YTD flows. Run a side-by-side ETF comparison of SPMB and SHM 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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SPMB vs SHM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPMB SHM | +3.07%+2.11% | -0.44%+0.42% | -0.34%+1.09% | +0.34%+1.67% | +20.05%+10.23% | +0.78%+5.19% |
| Flows | SPMB SHM | +$29M-$14M | +$143M+$52M | +$618M+$28M | +$804M+$42M | +$2.48B-$421M | +$3.53B-$1.39B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPMB SHM | +6.02%+2.48% | +4.72%+1.51% | +5.73%+1.67% | +6.80%+1.73% |
| Max drawdown | SPMB SHM | -4.41%-2.52% | -5.57%-2.61% | -5.57%-2.61% | -17.04%-6.17% |
| Max drawdown duration | SPMB SHM | 66d78d | 243d243d | 243d243d | 1436d1014d |
Trading data
SPMB | SHM | |
Last sale 10/30/2026 at 1:30 PM | $21.70 | $47.54 |
| Previous close 10/29/2026 | $21.61 | $47.44 |
| Consolidated volume 10/29/2026 | ||
| 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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SPMB | SHM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
SPMB | SHM | |
|---|---|---|
| Last price | $21.70 | $47.54 |
| 1D performance | +0.42% | +0.21% |
| AuM | $7.03 B | $3.51 B |
| E/R | 0.04% | 0.2% |
Characteristics
SPMB | SHM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | State Street Investment Management |
| Benchmark | Bloomberg U.S. MBS Index | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 568 | 327 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 15, 2009 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
SPMB
USA
32.36%
Other
67.64%
SHM
USA
31.68%
Other
68.32%
Sectors
SPMB
Industrials
32.01%
Other
67.99%
SHM
Municipal
31.68%
Other
68.32%
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Diversification
SPMB
Total weight of top 15 holdings out of 15
9.74%
SHM
Total weight of top 15 holdings out of 15
6.56%
Top 15 holdings
Data as of September 30, 2026
SPMB
US01F0526A56
1.42%
US3142J6C840
1.13%
FN MA4547, 2% 1feb2052, USD (ABS)
0.75%
US3142J6DY61
0.74%
US3142J6BK85
0.73%
FR SD8212, 2.5% 1may2052, USD (ABS)
0.58%
US01F0506A92
0.57%
US3132DWMY65
0.53%
G2 MB0424, 5.5% 20jun2055, USD (ABS)
0.52%
US3618N56H72
0.50%
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)
0.42%
SHM
US84136HCT86
0.88%
New York Dormitory Authority, 2.5% 1jul1993, USD
0.60%
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%
US64966SXT85
0.38%
US343137RQ01
0.36%
US574204W906
0.35%
US61334PFH10
0.35%
US13063EUS35
0.34%
Connecticut, 5% 15jul2027, USD
0.33%
US13013JBJ43
0.33%
Frequently asked questions about SPMB and SHM
How have the SPMB and SHM ETFs performed in 2026?
As of October 30, 2026, SPMB is down -0.34% year-to-date (YTD), while SHM has returned 1.09%. That puts SHM better performer ahead so far this year.
Which ETF is attracting more investor money: SPMB or SHM?
Year-to-date, the SPMB ETF saw +$618M in flows, compared to +$28M for SHM.
Which ETF is more volatile: SPMB or SHM?
Over the past year, SPMB had a volatility of 4.72%, while SHM experienced 1.51%.
Which ETF is bigger: SPMB or SHM?
As of October 30, 2026, SPMB holds $7.03 B in assets under management (AUM), while SHM manages $3.51 B.
What sectors do the SPMB and SHM ETFs invest in?
SPMB leans toward sectors like Industrials. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the SPMB ETF and SHM ETF?
SPMB top holdings include US01F0526A56, US3142J6C840 and FN MA4547, 2% 1feb2052, USD (ABS). SHM holds in its top three: US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97.
Which ETF is more diversified: SPMB or SHM?
SPMB holds 2752 securities with 9.74% of its assets in the top 15. SHM has 1099 securities and a top 15 weight of 6.56%.
Latest news about SPMB & SHM
