ETF comparison

HYDvsSHM

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
2.3%

35 positions appear in both funds. Buying equal dollars of HYD and SHM would leave roughly2.3%of each dollar exposed to the same underlying securities.

HYD only 92.9%Shared 2.3%SHM only 97.2%
In HYD only
1,876 positions
Shared
35 positions
In SHM only
1,009 positions

Side by side

HYD

VanEck High Yield Muni ETF

VanEck · US Municipal Bond

82composite / 100
Expense ratio
0.32%
Net assets
$4.34B
TTM yield
4.52%
Top-10 conc.
6.6%
SHM

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

State Street · US Municipal Bond

86composite / 100
Expense ratio
0.20%
Net assets
$3.51B
TTM yield
2.71%
Top-10 conc.
5.3%

Sub-score comparison

68
Cost
80
93
Tax efficiency
93
84
Liquidity
80
100
Concentration
100
Tracking quality
HYDsub-scoreSHM

Tracking quality isn't part of the composite — seewhat we don't scorefor 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 thecost calculator pre-filled with HYD vs SHM.

Top shared holdings

35 shared in total
#HoldingIn HYDIn SHMOverlap
1Kentucky Public Energy Authority0.34%0.32%0.32%
2California Community Choice Financing Authority0.27%0.20%0.20%
3Energy Southeast A Cooperative District0.15%0.12%0.12%
4California Community Choice Financing Authority0.29%0.12%0.12%
5Montgomery County Industrial Development Authority/PA0.15%0.12%0.12%
6Southeast Energy Authority A Cooperative District0.12%0.18%0.12%
7Southeast Energy Authority A Cooperative District0.10%0.92%0.10%
8Black Belt Energy Gas District0.13%0.09%0.09%
9Connecticut State Health & Educational Facilities Authority0.09%0.26%0.09%
10Black Belt Energy Gas District0.17%0.09%0.09%
11Southeast Energy Authority A Cooperative District0.06%0.12%0.06%
12California Community Choice Financing Authority0.06%0.28%0.06%

Only in HYD

1,876 total
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue0.99%
  • Buckeye Tobacco Settlement Financing Authority0.87%
  • Tobacco Settlement Financing Corp0.71%
  • Chicago Board of Education0.67%
  • New York Transportation Development Corp0.66%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue0.63%
  • Chicago Board of Education0.57%
  • Florida Development Finance Corp0.54%
  • New York Transportation Development Corp0.51%
  • City of Houston TX Airport System Revenue0.49%

Only in SHM

1,009 total
  • State of California0.69%
  • New York State Dormitory Authority0.61%
  • State of California0.52%
  • State of California0.49%
  • State of California0.46%
  • City of New York NY0.44%
  • University of California0.41%
  • Triborough Bridge & Tunnel Authority0.40%
  • City of New York NY0.39%
  • State of Florida Department of Transportation Turnpike System Revenue0.37%

Open HYD 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 methodologyand 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.