ETF comparison

HYD vs SHM

Both US Municipal Bond.

VanEck High Yield Muni ETF · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP

3.0 %

47 positions appear in both funds. Buying equal dollars of HYD and SHM would leave roughly 3.0% of each dollar exposed to the same underlying securities.

HYD unmatched

SHM unmatched

HYD unmatched 93.8% Shared 3.0% SHM unmatched 96.2%

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.

In HYD only

2,056 positions

Shared

47 positions

In SHM only

996 positions

Side by side

HYD

VanEck High Yield Muni ETF

VanEck · US Municipal Bond

81 composite / 100

Expense ratio

0.32%

Net assets

$3.89B

TTM yield

4.51%

Top-10 conc.

6.3%

SHM

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

State Street · US Municipal Bond

86 composite / 100

Expense ratio

0.20%

Net assets

$3.46B

TTM yield

2.71%

Top-10 conc.

5.3%

Sub-score comparison

Cost

Tax efficiency

Liquidity

100

Concentration

100

—

Tracking quality

—

HYD sub-score SHM

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SHM is 12 bps cheaper than HYD. On a $100,000 position that's about $120/yr more in fees for HYD.

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 HYD vs SHM.

Top shared holdings

47 shared in total

#	Holding	In HYD	In SHM	Overlap
1	Kentucky Public Energy Authority	0.31%	0.32%	0.31%
2	California Community Choice Financing Authority	0.25%	0.20%	0.20%
3	Southeast Energy Authority A Cooperative District	0.16%	0.92%	0.16%
4	Energy Southeast A Cooperative District	0.14%	0.12%	0.12%
5	California Community Choice Financing Authority	0.27%	0.12%	0.12%
6	Montgomery County Industrial Development Authority/PA	0.14%	0.12%	0.12%
7	Black Belt Energy Gas District	0.12%	0.12%	0.12%
8	Southeast Energy Authority A Cooperative District	0.11%	0.18%	0.11%
9	North Carolina Medical Care Commission	0.10%	0.11%	0.10%
10	Black Belt Energy Gas District	0.12%	0.09%	0.09%
11	New York City Housing Development Corp	0.12%	0.09%	0.09%
12	Parish of St John the Baptist LA	0.09%	0.17%	0.09%

Only in HYD

2,056 total

Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.98%
Chicago Board of Education 0.79%
Tobacco Settlement Financing Corp 0.71%
Buckeye Tobacco Settlement Financing Authority 0.69%
New York Transportation Development Corp 0.61%
Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.58%
Chicago Board of Education 0.53%
Florida Development Finance Corp 0.52%
New York Transportation Development Corp 0.48%
Arkansas Development Finance Authority 0.45%

Only in SHM

996 total

State of California 0.69%
New York State Dormitory Authority 0.61%
State of California 0.52%
State of California 0.49%
State of California 0.46%
City of New York NY 0.44%
University of California 0.41%
Triborough Bridge & Tunnel Authority 0.40%
City of New York NY 0.39%
State of Florida Department of Transportation Turnpike System Revenue 0.37%

More comparisons with HYD

More comparisons with SHM

Percentages are holdings overlap with the named fund.

Open HYD or SHM at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.