ETF comparison
SHMvsVTEB
Both US Municipal Bond.
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF · Vanguard Tax-Exempt Bond Index Fund ETF Shares
Holdings overlap
165 positions appear in both funds. Buying equal dollars of SHM and VTEB would leave roughly2.3%of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — seewhat we don't scorefor why.
Cost difference
VTEB is 17 bps cheaper than SHM. On a $100,000 position that's about $170/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 VTEB.
Top shared holdings
165 shared in total| # | Holding | In SHM | In VTEB | Overlap |
|---|---|---|---|---|
| 1 | Los Angeles Department of Water & Power | 0.15% | 0.08% | 0.08% |
| 2 | New Jersey Transportation Trust Fund Authority | 0.11% | 0.07% | 0.07% |
| 3 | State of New Jersey | 0.10% | 0.07% | 0.07% |
| 4 | Commonwealth of Pennsylvania | 0.23% | 0.06% | 0.06% |
| 5 | University of California | 0.16% | 0.06% | 0.06% |
| 6 | State of Illinois | 0.06% | 0.08% | 0.06% |
| 7 | New Jersey Turnpike Authority | 0.15% | 0.05% | 0.05% |
| 8 | Arizona Industrial Development Authority | 0.05% | 0.05% | 0.05% |
| 9 | New Jersey Economic Development Authority | 0.16% | 0.05% | 0.05% |
| 10 | State of New Jersey | 0.07% | 0.04% | 0.04% |
| 11 | Connecticut State Health & Educational Facilities Authority | 0.26% | 0.04% | 0.04% |
| 12 | California Infrastructure & Economic Development Bank | 0.12% | 0.04% | 0.04% |
Only in SHM
879 total- Southeast Energy Authority A Cooperative District0.92%
- State of California0.69%
- 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%
- State of Maryland Department of Transportation0.36%
- County of Montgomery MD0.36%
Only in VTEB
10,020 total- University of California0.12%
- Triborough Bridge & Tunnel Authority0.11%
- Colorado State Education Loan Program0.11%
- State of California0.11%
- New York City Transitional Finance Authority Future Tax Secured Revenue0.09%
- Dallas Independent School District0.09%
- Ohio Water Development Authority Water Pollution Control Loan Fund0.08%
- New York State Dormitory Authority0.08%
- New York State Dormitory Authority0.08%
- Ohio State University/The0.08%
Open SHM or VTEB 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.