ETF comparison
CGMU vs SHM
Both US Municipal Bond.
Capital Group Municipal Income ETF · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
Holdings overlap
45 positions appear in both funds. Buying equal dollars of CGMU and SHM would leave roughly 2.1% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
SHM is 7 bps cheaper than CGMU. On a $100,000 position that's about $70/yr more in fees for CGMU.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with CGMU vs SHM.
Top shared holdings
45 shared in total| # | Holding | In CGMU | In SHM | Overlap |
|---|---|---|---|---|
| 1 | Harris County Cultural Education Facilities Finance Corp | 0.32% | 0.26% | 0.26% |
| 2 | East County Advanced Water Purification Joint Powers Authority | 0.16% | 0.32% | 0.16% |
| 3 | New York City Housing Development Corp | 0.14% | 0.29% | 0.14% |
| 4 | Black Belt Energy Gas District | 0.13% | 0.12% | 0.12% |
| 5 | New Mexico Municipal Energy Acquisition Authority | 0.10% | 0.21% | 0.10% |
| 6 | Parish of St John the Baptist LA | 0.08% | 0.17% | 0.08% |
| 7 | Black Belt Energy Gas District | 0.08% | 0.09% | 0.08% |
| 8 | State of Ohio | 0.11% | 0.07% | 0.07% |
| 9 | Texas Municipal Gas Acquisition & Supply Corp IV | 0.07% | 0.21% | 0.07% |
| 10 | City of New York NY | 0.07% | 0.39% | 0.07% |
| 11 | Main Street Natural Gas Inc | 0.34% | 0.07% | 0.07% |
| 12 | Wise County Industrial Development Authority | 0.07% | 0.06% | 0.06% |
Only in CGMU
2,290 total- Commonwealth of Puerto Rico 0.82%
- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.69%
- Black Belt Energy Gas District 0.53%
- City of New York NY 0.51%
- New York City Municipal Water Finance Authority 0.47%
- California Community Choice Financing Authority 0.45%
- County of Montgomery MD 0.44%
- New York City Municipal Water Finance Authority 0.44%
- Maryland Health & Higher Educational Facilities Authority 0.40%
- Black Belt Energy Gas District 0.38%
Only in SHM
998 total- Southeast Energy Authority A Cooperative District 0.92%
- State of California 0.69%
- New York State Dormitory Authority 0.61%
- State of California 0.52%
- State of California 0.49%
- City of New York NY 0.44%
- University of California 0.41%
- Triborough Bridge & Tunnel Authority 0.40%
- State of Florida Department of Transportation Turnpike System Revenue 0.37%
- State of Maryland Department of Transportation 0.36%
Related comparisons
More comparisons with CGMU
- CGMU vs SUB · iShares Short-Term National Muni Bond ETF 1.6%
- CGMU vs PZA · Invesco National AMT-Free Municipal Bond ETF 1.4%
- CGMU vs NYF · iShares New York Muni Bond ETF 1.1%
- CGMU vs CMF · iShares California Muni Bond ETF 1.0%
- CGMU vs JMST · JPMorgan Ultra-Short Municipal Income ETF 0.7%
- CGMU vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
More comparisons with SHM
- SHM vs SCMB · Schwab Municipal Bond ETF 2.1%
- SHM vs CMF · iShares California Muni Bond ETF 1.8%
- SHM vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 1.7%
- SHM vs MUB · iShares National Muni Bond ETF 1.7%
- SHM vs NYF · iShares New York Muni Bond ETF 0.5%
- SHM vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
Percentages are holdings overlap with the named fund.
Open CGMU or SHM at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.