SHM vs SUB
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF against iShares Short-Term National Muni Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
11%
331 shared positions
Fee gap
13 bp
SUB is cheaper
1-year return gap
0.9 pts
SUB is ahead
Larger fund
SUB
$13.0B
Side by side
| SHM | SUB | |
|---|---|---|
| Fund | State Street SPDR Nuveen ICE Short Term Municipal Bond ETF | iShares Short-Term National Muni Bond ETF |
| Issuer | State Street SPDR | iShares |
| Category | Short Muni | Short Muni |
| Expense ratio | 0.20% | 0.07% |
| Assets | $3.5B | $13.0B |
| Average daily dollar volume | $29M | $152M |
| Listed | Oct 10, 2007 | Nov 5, 2008 |
| FrenzyCap score | 80 | 98 |
| 1-month return | −0.3% | +0.0% |
| 3-month return | −1.4% | −0.8% |
| Year to date | −2.0% | −1.3% |
| 1-year return | −2.2% | −1.4% |
| 30-day volatility | 3.4% | 2.4% |
| Worst drawdown, 1 year | −4.2% | −3.1% |
| Trailing 12-month yield | 2.73% | 2.59% |
| Holdings | 1,110 | 3,095 |
| Top 10 weight | 4.8% | 2.5% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$24M thru Jun 2026 | +$479M thru May 2026 |
| 30-day implied volatility | 14.0% | — |
| Holdings as of | as of Oct 19, 2026issuer data | as of Oct 19, 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
31% of SHM · 13% of SUB| Holding | SHM | SUB |
|---|---|---|
| CAS 5.000 08/01/31, due Aug 1, 2031 | 0.34% | 0.39% |
| CTSHGR 5.000 07/01/64, due Jul 1, 2064 | 0.26% | 0.17% |
| CAS 5.000 11/01/27, due Nov 1, 2027 | 0.17% | 0.21% |
| NJSDEV 5.000 03/01/28, due Mar 1, 2028 | 0.16% | 0.32% |
| CAS 5.000 08/01/29, due Aug 1, 2029 | 0.15% | 0.23% |
| LOSUTL 5.000 07/01/30, due Jul 1, 2030 | 0.15% | 0.15% |
| UNVHGR 5.000 05/15/30, due May 15, 2030 | 0.15% | 0.21% |
| UNVHGR 5.000 05/15/29, due May 15, 2029 | 0.15% | 0.15% |
| NJS 4.000 06/01/31, due Jun 1, 2031 | 0.24% | 0.14% |
| FORSCD 4.000 08/01/54, due Aug 1, 2054 | 0.19% | 0.14% |
| MTATRN 5.000 11/15/30, due Nov 15, 2030 | 0.23% | 0.12% |
| MNS 5.000 08/01/29, due Aug 1, 2029 | 0.30% | 0.12% |
| NJSTRN 5.000 01/01/29, due Jan 1, 2029 | 0.15% | 0.12% |
| ILS 5.000 02/01/28, due Feb 1, 2028 | 0.15% | 0.12% |
| NJSTRN 5.000 01/01/30, due Jan 1, 2030 | 0.11% | 0.21% |
| ILS 5.000 11/01/28, due Nov 1, 2028 | 0.23% | 0.10% |
| ILSPWR 5.000 02/01/30, due Feb 1, 2030 | 0.11% | 0.09% |
| CLAAPT 5.000 07/01/29, due Jul 1, 2029 | 0.15% | 0.09% |
| FLSPWR 5.000 10/01/30, due Oct 1, 2030 | 0.09% | 0.12% |
| MAS 5.000 03/01/29, due Mar 1, 2029 | 0.09% | 0.09% |
| MAS 5.500 08/01/30, due Aug 1, 2030 | 0.09% | 0.18% |
| NYSHGR 5.000 07/01/28, due Jul 1, 2028 | 0.09% | 0.12% |
| MOSTRN 5.000 05/01/30, due May 1, 2030 | 0.09% | 0.09% |
| MDS 5.000 09/01/31, due Sep 1, 2031 | 0.15% | 0.08% |
| NCS 5.000 06/01/30, due Jun 1, 2030 | 0.18% | 0.08% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · SHM holdings · SUB 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.