ETF comparison

SHMvsSUB

Both US Municipal Bond.

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF · iShares Short-Term National Muni Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
10.2%

267 positions appear in both funds. Buying equal dollars of SHM and SUB would leave roughly10.2%of each dollar exposed to the same underlying securities.

SHM only 89.3%Shared 10.2%SUB only 90.2%
In SHM only
777 positions
Shared
267 positions
In SUB only
2,650 positions

Side by side

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

iShares Short-Term National Muni Bond ETF

iShares · US Municipal Bond

96composite / 100
Expense ratio
0.070%
Net assets
$11.64B
TTM yield
2.58%
Top-10 conc.
3.1%

Sub-score comparison

80
Cost
93
93
Tax efficiency
93
80
Liquidity
100
100
Concentration
100
Tracking quality
SHMsub-scoreSUB

Tracking quality isn't part of the composite — seewhat we don't scorefor why.

Cost difference

SUB is 13 bps cheaper than SHM. On a $100,000 position that's about $130/yr more in fees for SHM.

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 SHM vs SUB.

Top shared holdings

267 shared in total
#HoldingIn SHMIn SUBOverlap
1Connecticut State Health & Educational Facilities Authority0.26%0.20%0.20%
2East County Advanced Water Purification Joint Powers Authority0.32%0.18%0.18%
3State of California0.17%0.24%0.17%
4Fort Bend Independent School District0.19%0.16%0.16%
5New Jersey Economic Development Authority0.16%0.37%0.16%
6University of California0.16%0.25%0.16%
7State of California0.16%0.27%0.16%
8University of California0.15%0.17%0.15%
9Metropolitan Transportation Authority0.24%0.15%0.15%
10State of Minnesota0.31%0.14%0.14%
11New Jersey Turnpike Authority0.15%0.14%0.14%
12State of Illinois0.15%0.13%0.13%

Only in SHM

777 total
  • Southeast Energy Authority A Cooperative District0.92%
  • State of California0.52%
  • State of California0.49%
  • State of California0.46%
  • City of New York NY0.44%
  • University of California0.41%
  • City of New York NY0.39%
  • State of Florida Department of Transportation Turnpike System Revenue0.37%
  • New Jersey Transportation Trust Fund Authority0.37%
  • State of Maryland Department of Transportation0.36%

Only in SUB

2,650 total
  • BlackRock Liquidity Funds0.59%
  • County of King0.35%
  • San Antonio Water System0.28%
  • City of Seattle0.27%
  • Empire State Development Corp.0.25%
  • Pennsylvania Turnpike Commission0.25%
  • State of California0.24%
  • District of Columbia Water & Sewer Authority0.22%
  • State of New Jersey0.21%
  • New York City Transitional Finance Authority Future Tax Secured0.21%

Open SHM or SUB 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.