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
21 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.
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 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
21 shared in total| # | Holding | In MUNI | In SHM | Overlap |
|---|---|---|---|---|
| 1 | California Community Choice Financing Authority | 0.27% | 0.29% | 0.27% |
| 2 | Black Belt Energy Gas District | 0.17% | 0.23% | 0.17% |
| 3 | California Community Choice Financing Authority | 0.16% | 0.21% | 0.16% |
| 4 | Grand Parkway Transportation Corp | 0.17% | 0.15% | 0.15% |
| 5 | Rutherford County Health & Educational Facilities Board | 0.19% | 0.10% | 0.10% |
| 6 | Black Belt Energy Gas District | 0.10% | 0.17% | 0.10% |
| 7 | Tennergy Corp/TN | 0.21% | 0.09% | 0.09% |
| 8 | Montgomery County Industrial Development Authority/PA | 0.09% | 0.12% | 0.09% |
| 9 | California Community Choice Financing Authority | 0.07% | 0.11% | 0.07% |
| 10 | Tennergy Corp/TN | 0.07% | 0.18% | 0.07% |
| 11 | Main Street Natural Gas Inc | 0.06% | 0.12% | 0.06% |
| 12 | Louisiana Public Facilities Authority | 0.15% | 0.06% | 0.06% |
Only in MUNI
625 total- United States Treasury 2.20%
- United States Treasury 1.78%
- United States Treasury 1.16%
- United States Treasury 0.86%
- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.81%
- Connecticut State Health & Educational Facilities Authority 0.81%
- Black Belt Energy Gas District 0.81%
- Texas Municipal Gas Acquisition & Supply Corp V 0.80%
- Fort Bend Independent School District 0.79%
- FHLMC Multifamily VRD Certificates 0.71%
Only in SHM
1,022 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%
- 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%
Related comparisons
More comparisons with MUNI
- MUNI vs VTEB · Vanguard Tax-Exempt Bond Index Fund ETF Shares 1.4%
- MUNI vs MUB · iShares National Muni Bond ETF 1.3%
- MUNI vs VGSH · Vanguard Short-Term Treasury Index Fund ETF Shares 1.2%
- MUNI vs PZA · Invesco National AMT-Free Municipal Bond ETF 1.1%
- MUNI vs NYF · iShares New York Muni Bond ETF 1.1%
- MUNI vs SCMB · Schwab Municipal Bond ETF 1.1%
More comparisons with SHM
- 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%
- SHM vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- SHM vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- SHM vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
Percentages are holdings overlap with the named fund.
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.