ETF comparison
SHM vs VTEB
Both US Municipal Bond.
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF · Vanguard Tax-Exempt Bond Index Fund ETF Shares
Holdings overlap
184 positions appear in both funds. Buying equal dollars of SHM and VTEB would leave roughly 2.4% 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
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 the cost calculator pre-filled with SHM vs VTEB.
Top shared holdings
184 shared in total| # | Holding | In SHM | In VTEB | Overlap |
|---|---|---|---|---|
| 1 | Los Angeles Department of Water & Power | 0.15% | 0.07% | 0.07% |
| 2 | New Jersey Transportation Trust Fund Authority | 0.11% | 0.07% | 0.07% |
| 3 | University of California | 0.16% | 0.07% | 0.07% |
| 4 | State of New Jersey | 0.10% | 0.06% | 0.06% |
| 5 | State of Illinois | 0.06% | 0.08% | 0.06% |
| 6 | Commonwealth of Pennsylvania | 0.23% | 0.06% | 0.06% |
| 7 | State of Illinois | 0.23% | 0.04% | 0.04% |
| 8 | Arizona Industrial Development Authority | 0.05% | 0.04% | 0.04% |
| 9 | New Jersey Economic Development Authority | 0.16% | 0.04% | 0.04% |
| 10 | New Jersey Turnpike Authority | 0.15% | 0.04% | 0.04% |
| 11 | State of New Jersey | 0.07% | 0.04% | 0.04% |
| 12 | Tohopekaliga Water Authority | 0.16% | 0.04% | 0.04% |
Only in SHM
859 total- Southeast Energy Authority A Cooperative District 0.92%
- State of California 0.69%
- State of California 0.49%
- State of California 0.46%
- City of New York NY 0.44%
- University of California 0.41%
- City of New York NY 0.39%
- State of Florida Department of Transportation Turnpike System Revenue 0.37%
- State of Maryland Department of Transportation 0.36%
- County of Montgomery MD 0.36%
Only in VTEB
10,407 total- City of New York NY 0.12%
- University of California 0.11%
- State of Idaho 0.10%
- State of California 0.10%
- State of Maryland 0.09%
- New York State Thruway Authority 0.09%
- Triborough Bridge & Tunnel Authority 0.09%
- Dallas Independent School District 0.08%
- Ohio Water Development Authority Water Pollution Control Loan Fund 0.08%
- Energy Northwest 0.08%
Related comparisons
More comparisons with SHM
- SHM vs JMST · JPMorgan Ultra-Short Municipal Income ETF 2.3%
- SHM vs CGMU · Capital Group Municipal Income ETF 2.1%
- SHM vs SCMB · Schwab Municipal Bond ETF 2.1%
- SHM vs CMF · iShares California Muni Bond ETF 1.8%
- SHM vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 1.7%
- SHM vs MUB · iShares National Muni Bond ETF 1.7%
More comparisons with VTEB
- VTEB vs HYD · VanEck High Yield Muni ETF 1.7%
- VTEB vs JMST · JPMorgan Ultra-Short Municipal Income ETF 1.5%
- VTEB vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 1.4%
- VTEB vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- VTEB vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- VTEB vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
Percentages are holdings overlap with the named fund.
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 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.