FSMB vs SHM
First Trust Short Duration Managed Municipal ETF against State Street SPDR Nuveen ICE Short Term Municipal Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
5%
48 shared positions
Fee gap
35 bp
SHM is cheaper
1-year return gap
0.3 pts
SHM is ahead
Larger fund
SHM
$3.5B
Side by side
| FSMB | SHM | |
|---|---|---|
| Fund | First Trust Short Duration Managed Municipal ETF | State Street SPDR Nuveen ICE Short Term Municipal Bond ETF |
| Issuer | First Trust | State Street SPDR |
| Category | Short Muni | Short Muni |
| Expense ratio | 0.55% | 0.20% |
| Assets | $642M | $3.5B |
| Average daily dollar volume | $6.2M | $30M |
| Listed | Nov 1, 2018 | Oct 10, 2007 |
| FrenzyCap score | 50 | 81 |
| 1-month return | −0.4% | +0.0% |
| 3-month return | −1.0% | −1.0% |
| Year to date | −2.1% | −1.9% |
| 1-year return | −2.4% | −2.1% |
| 30-day volatility | 3.5% | 3.3% |
| Worst drawdown, 1 year | −4.2% | −4.2% |
| Trailing 12-month yield | 3.24% | 2.73% |
| Holdings | 583 | 1,109 |
| Top 10 weight | 6.6% | 4.8% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$26M thru Jul 2026 | +$24M thru Jun 2026 |
| 30-day implied volatility | 19.2% | 49.6% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
13% of FSMB · 6% of SHM| Holding | FSMB | SHM |
|---|---|---|
| SOUTHEAST ENERGY AUTHORITY A COOP DIST AL 5%, due 10/01/2030 | 0.51% | 0.89% |
| KENTUCKY ST PUBLIC ENERGY AUTH Variable rate, due 06/01/2055 | 0.71% | 0.32% |
| NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH Variable rate, due 06/01/2054 | 0.57% | 0.21% |
| TEXAS ST MUNI GAS ACQUISITION & SPLY CORP IV Variable rate, due 01/01/2054 | 0.44% | 0.21% |
| TENNESSEE ST ENERGY ACQUISITION CORP Variable rate, due 05/01/2053 | 0.39% | 0.20% |
| CALIFORNIA CMNTY CHOICE FING AUTH Variable rate, due 07/01/2053 | 0.27% | 0.19% |
| TENNERGY CORP TN GAS REVENUE Variable rate, due 10/01/2054 | 0.37% | 0.18% |
| CALIFORNIA CMNTY CHOICE FING AUTH Variable rate, due 02/01/2052 | 0.32% | 0.17% |
| SAINT JOHN THE BAPTIST PARISH LA Variable rate, due 06/01/2037 | 0.30% | 0.16% |
| MAIN STREET NATURAL GAS INC GA Variable rate, due 12/01/2054 | 0.21% | 0.16% |
| BLACK BELT ENERGY GAS DIST AL Variable rate, due 02/01/2053 | 0.16% | 0.23% |
| CENTRL PLAINS ENERGY PROJ NE GAS PROJ Variable rate, due 05/01/2054 | 0.16% | 0.17% |
| MAIN STREET NATURAL GAS INC GA Variable rate, due 04/01/2054 | 0.31% | 0.15% |
| NEW JERSEY ST N/C, 2%, due 06/01/2029 | 0.29% | 0.14% |
| MAIN STREET NATURAL GAS INC GA Variable rate, due 07/01/2052 | 0.14% | 0.20% |
| MONTGOMERY CNTY PA INDL DEV AUTH N/C, 4.10%, due 06/01/2029 | 0.31% | 0.12% |
| CENTRL PLAINS ENERGY PROJ NE Variable rate, due 08/01/2055 | 0.24% | 0.12% |
| BLACK BELT ENERGY GAS DIST AL Variable rate, due 12/01/2053 | 0.16% | 0.11% |
| NORTH CAROLINA ST MED CARE COMMN Variable rate, due 06/01/2055 | 0.16% | 0.11% |
| SOUTHEAST ENERGY AUTH AL COMMODITY SPLY Variable rate, due 11/01/2051 | 0.36% | 0.10% |
| MARICOPA CNTY AZ INDL DEV AUTH N/C, 5%, due 01/01/2030 | 0.10% | 0.15% |
| FORSYTH MT POLL CONTROL REVENUE 3.875%, due 07/01/2028 | 0.37% | 0.09% |
| PUBLIC FIN AUTH WI POLL CONTROL REV Variable rate, due 10/01/2046 | 0.27% | 0.09% |
| INDIANA ST FIN AUTH HLTH SYS REV Variable rate, due 10/01/2064 | 0.20% | 0.09% |
| WASHINGTON ST HLTH CARE FACS AUTH N/C, 5%, due 10/01/2030 | 0.33% | 0.08% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · FSMB holdings · SHM holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.