ETF comparison

MUNI vs SHM

Both US Municipal Bond.

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
1.7 %

18 positions appear in both funds. Buying equal dollars of MUNI and SHM would leave roughly 1.7% of each dollar exposed to the same underlying securities.

MUNI only 97.4% Shared 1.7% SHM only 98.4%
In MUNI only
562 positions
Shared
18 positions
In SHM only
970 positions

Side by side

MUNI

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

PIMCO · US Municipal Bond

78 composite / 100
Expense ratio
0.35%
Net assets
$3.09B
TTM yield
3.31%
Top-10 conc.
14.0%
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
$3.47B
TTM yield
2.67%
Top-10 conc.
6.1%

Sub-score comparison

65
Cost
80
93
Tax efficiency
93
78
Liquidity
80
94
Concentration
100
Tracking quality
MUNI sub-score SHM

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

Cost difference

SHM is 15 bps cheaper than MUNI. On a $100,000 position that's about $150/yr more in fees for MUNI.

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 MUNI vs SHM.

Top shared holdings

18 shared in total
# Holding In MUNI In SHM Overlap
1 CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY 0.30% 0.29% 0.29%
2 BLACK BELT ENERGY GAS DISTRICT 0.19% 0.24% 0.19%
3 CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY 0.18% 0.18% 0.18%
4 GRAND PARKWAY TRANSPORTATION CORPORATION 0.19% 0.15% 0.15%
5 MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA 0.20% 0.12% 0.12%
6 BLACK BELT ENERGY GAS DISTRICT 0.11% 0.17% 0.11%
7 RUTHERFORD COUNTY HEALTH & EDU 0.21% 0.10% 0.10%
8 TENNERGY CORP 0.07% 0.18% 0.07%
9 MAIN STREET NATURAL GAS INC 0.07% 0.12% 0.07%
10 INDIANA FINANCE AUTHORITY 0.13% 0.07% 0.07%
11 PUBLIC ENERGY AUTHORITY OF KENTUCKY INC 0.07% 0.32% 0.07%
12 LOUISIANA PUBLIC FACILITIES AUTHORITY 0.17% 0.06% 0.06%

Only in MUNI

562 total
  • UNITED STATES GOVT 2.47%
  • UNITED STATES GOVT 2.00%
  • FEDERAL HOME LOAN BANK (FHLB) 1.90%
  • FEDERAL HOME LOAN BANK (FHLB) 1.60%
  • UNITED STATES GOVT 1.31%
  • FEDERAL HOME LOAN BANK (FHLB) 0.99%
  • UNITED STATES GOVT 0.98%
  • UNITED STATES GOVT 0.97%
  • CONNECTICUT STATE HEALTH & EDUCATIONAL FACILITIES AUTHORITY 0.90%
  • PUBLIC ENERGY AUTHORITY OF KENTUCKY INC 0.89%

Only in SHM

970 total
  • Southeast Energy Authority A Cooperative District 0.93%
  • City of New York NY 0.91%
  • State of California 0.70%
  • New York State Dormitory Authority 0.62%
  • State of California 0.53%
  • New York City Transitional Finance Authority Future Tax Secured Revenue 0.52%
  • Triborough Bridge & Tunnel Authority 0.51%
  • State of California 0.49%
  • State of California 0.46%
  • University of California 0.41%

Open MUNI 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.