TUSIvsSHMETF Comparison
VS
ETF 2
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
This fund is part of
Municipal Bonds
-0.05%
Touchstone Ultra Short Income ETF (TUSI) belongs to the US Aggregate Bonds segment. State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) is part of the Municipal Bonds segment. TUSI's top 3 sector exposures are Industrials, Finance and Non-Corporate. In contrast, SHM's top sector exposures are Municipal. TUSI is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.2% for SHM. TUSI is up 3.06% year-to-date (YTD) with +$519M in YTD flows. SHM performs worse with 0.15% YTD performance, and +$47M in YTD flows. Run a side-by-side ETF comparison of TUSI 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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TUSI vs SHM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TUSI SHM | +0.35%+0.11% | +0.86%-0.76% | +3.06%+0.15% | +4.07%+0.57% | +17.21%+9.30% | n/a+4.02% |
| Flows | TUSI SHM | +$98M+$5M | +$226M+$76M | +$519M+$47M | +$573M+$61M | +$763M-$416M | --$1.32B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TUSI SHM | +0.49%+2.40% | +0.42%+1.44% | +0.39%+1.65% | n/a+1.72% |
| Max drawdown | TUSI SHM | -0.08%-2.52% | -0.08%-2.61% | -0.16%-2.61% | n/a-6.21% |
| Max drawdown duration | TUSI SHM | 7d67d | 7d232d | 10d232d | n/a1035d |
Trading data
TUSI | SHM | |
Last sale 10/19/2026 at 1:30 PM | $25.28 | $47.04 |
| Previous close 10/19/2026 | $25.28 | $47.02 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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TUSI
is actively managed and doesn’t replicate an indexTUSI | 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 10/19/2026 at 1:30 PM
Live
Closed
TUSI | SHM | |
|---|---|---|
| Last price | $25.28 | $47.04 |
| 1D performance | +0.00% | +0.04% |
| AuM | $814.74 M | $3.49 B |
| E/R | 0.52% | 0.2% |
Characteristics
TUSI | SHM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Touchstone Investments | State Street Investment Management |
| Benchmark | - | ICE 1-5 Year AMT-Free Broad Municipal Index |
| N° of holdings | 73 | 323 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 4, 2022 | October 10, 2007 |
| ESG | No | No |
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Exposure
Countries
TUSI
USA
25.75%
Other
74.25%
SHM
USA
31.88%
Other
68.12%
Sectors
TUSI
Industrials
9.79%
Finance
9.04%
Other
81.17%
SHM
Municipal
31.88%
Other
68.12%
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Diversification
TUSI
Total weight of top 15 holdings out of 15
23.53%
SHM
Total weight of top 15 holdings out of 15
6.56%
Top 15 holdings
Data as of August 31, 2026
TUSI
BNY Dreyfus Government Cash Management
3.20%
US12636DJ903
2.90%
US03111CJ124
2.44%
US87513MHX92
1.53%
US30297LAE20
1.50%
US03067BAF67
1.44%
American Tower Trust I, 5.49% 15mar2028, USD (2023-1A, ABS)
1.40%
US70806BAA26
1.22%
US00833BAH15
1.17%
US26209XAC56
1.17%
Wingstop Funding 2020-1A, 2.841% 5dec2050, USD (ABS, A2)
1.17%
US68269MAA27
1.16%
US96042XAG07
1.09%
US06427DAV55
1.07%
US802923AC66
1.05%
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%
Connecticut, 5% 15jul2027, USD
0.32%
US74440DFN93
0.32%
Frequently asked questions about TUSI and SHM
How have the TUSI and SHM ETFs performed in 2026?
As of October 16, 2026, TUSI is up 3.06% year-to-date (YTD), while SHM has returned 0.15%. That puts TUSI better performer ahead so far this year.
Which ETF is attracting more investor money: TUSI or SHM?
Year-to-date, the TUSI ETF saw +$519M in flows, compared to +$47M for SHM.
Which ETF is more volatile: TUSI or SHM?
Over the past year, TUSI had a volatility of 0.42%, while SHM experienced 1.44%.
Which ETF is bigger: TUSI or SHM?
As of October 16, 2026, TUSI holds $814.74 M in assets under management (AUM), while SHM manages $3.49 B.
What sectors do the TUSI and SHM ETFs invest in?
TUSI leans toward sectors like Industrials and Finance. Meanwhile, SHM focuses on Municipal.
What are the top holdings of the TUSI ETF and SHM ETF?
TUSI top holdings include BNY Dreyfus Government Cash Management, US12636DJ903 and US03111CJ124. SHM holds in its top three: US84136HCT86, New York Dormitory Authority, 2.5% 1jul1993, USD and US13063ELG97.
Which ETF is more diversified: TUSI or SHM?
TUSI holds 242 securities with 23.53% of its assets in the top 15. SHM has 1087 securities and a top 15 weight of 6.56%.
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Latest news about TUSI & SHM
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