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ETF comparison

SHM vs TIP

US Municipal Bond vs TIPS.

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF · iShares TIPS Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.0 %

0 positions appear in both funds. Buying equal dollars of SHM and TIP would leave roughly 0.0% of each dollar exposed to the same underlying securities.

SHM unmatched 99.2% Shared 0.0% TIP unmatched 99.4%

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 SHM only
1,043 positions
Shared
0 positions
In TIP only
48 positions

Side by side

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%
TIP

iShares TIPS Bond ETF

iShares · TIPS

80 composite / 100
Expense ratio
0.18%
Net assets
$14.23B
TTM yield
4.43%
Top-10 conc.
35.7%

Sub-score comparison

80
Cost
82
93
Tax efficiency
49
80
Liquidity
100
100
Concentration
N/A
—
Tracking quality
—
SHM sub-score TIP

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

Cost difference

TIP is 2 bps cheaper than SHM. On a $100,000 position that's about $20/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 the cost calculator pre-filled with SHM vs TIP.

Top shared holdings

0 shared in total

No shared holdings between these funds.

Only in SHM

1,043 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%

Only in TIP

48 total
  • United States of America 3.99%
  • United States of America 3.94%
  • United States of America 3.92%
  • United States of America 3.71%
  • United States of America 3.55%
  • United States of America 3.37%
  • United States of America 3.32%
  • United States of America 3.31%
  • United States of America 3.29%
  • United States of America 3.29%

Percentages are holdings overlap with the named fund.

Open SHM or TIP 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.