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ETFs

SPDR Nuveen Bloomberg Short Term Municipal Bond ETF

SHM
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Oct 10, 2007
Expense Ratio
0.2%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$15,452,537
AUM
$3,981,157,215
Associated Index
Bloomberg Managed Money Municipal Short Term Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
ORATRN 5.000 10/15/24
1.63%
—
CAS 5.000 10/01/26
1%
—
CAS 4.000 10/01/24
0.97%
—
NYCUTL 5.000 06/15/26
0.94%
—
CHBGEN 4.000 11/01/25
0.88%
—
CAS 5.000 10/01/27
0.87%
—
NJSEDU 5.000 03/01/27
0.84%
—
NYC 5.000 08/01/27
0.81%
—
NYSDEV 5.000 03/15/26
0.78%
—
NYSHGR 5.000 03/15/27
0.74%
Invest with SHM
Trade SHM Options

What is SHM?

The SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Money Municipal Short Term Index (the Index ). The Bloomberg Managed Money Municipal Short Term Index is a rules-based, market-value weighted index comprised of publicly traded municipal bonds that cover the U.S. dollar denominated short term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds. All bonds in the Short Term Municipal Bond Index must be rated Aa3/AA- or higher by at least two of the following statistical ratings agencies: Moody s Investor Service, Inc., Standard & Poor s and Fitch Inc. If only two of the three agencies rate the security, the lower rating is used to determine index eligibility. If only one of the agencies rates the security, the rating must be at least Aa3/AA-. Each index security must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate and have a nominal maturity of one to five years. No issuer may constitute more than 10% of the Short Term Municipal Bond Index. Bonds subject to AMT, hospital bonds, housing bonds, tobacco bonds, and airline bonds, along with remarketed issues, taxable municipal bonds, floaters, and derivatives are all excluded from the Short Term Municipal Bond Index.

1M
3M
6M
YTD
1Y
3Y
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SHM
Performance Measures**

for the time period Oct 18, 2007 to Dec 4, 2025

Returns

1M Trailing Return: 0.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 0.1%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -11.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 3.8%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.48

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.15

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSHM

ETFs correlated to SHM include IBMQ, SCMB, IBMP

SHM
SPDR Series Trust - SPDR Nuveen Bloomberg Short Term Municipal Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF
VTES
Vanguard Wellington Fund - Vanguard Short-Term Tax Exempt Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
FMB
First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toSHM

-bk-I 8/13 200d LETF MA Risk On/Off inv

Category

Tactical asset allocation, trend-following, risk-on/risk-off, leveraged ETFs, sector rotation, bond timing, hedged

OOS Cumulative Return

114.51%

Simon | KMLM switcher | Simon Shorts Ed. + MbM | (single pops)| BT 4/13/22

Category

Trend-following, RSI momentum, volatility hedging, leveraged ETFs, inverse ETFs, managed futures (KMLM), bonds/cash, tech/semis/small-cap/biotech, risk-on/off

OOS Cumulative Return

94.76%

Create your own algorithmic trading strategy with SHM using Composer

FAQ

SHM is a US Bonds ETF. The SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Money Municipal Short Term Index (the Index ). The Bloomberg Managed Money Municipal Short Term Index is a rules-based, market-value weighted index comprised of publicly traded municipal bonds that cover the U.S. dollar denominated short term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds. All bonds in the Short Term Municipal Bond Index must be rated Aa3/AA- or higher by at least two of the following statistical ratings agencies: Moody s Investor Service, Inc., Standard & Poor s and Fitch Inc. If only two of the three agencies rate the security, the lower rating is used to determine index eligibility. If only one of the agencies rates the security, the rating must be at least Aa3/AA-. Each index security must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate and have a nominal maturity of one to five years. No issuer may constitute more than 10% of the Short Term Municipal Bond Index. Bonds subject to AMT, hospital bonds, housing bonds, tobacco bonds, and airline bonds, along with remarketed issues, taxable municipal bonds, floaters, and derivatives are all excluded from the Short Term Municipal Bond Index.

SHM tracks the Bloomberg Managed Money Municipal Short Term Index.

No, SHM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SHM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SHM is -0.0061%. This is the percent change in the value of SHM over the most recent 1-month period. The 3-month return on SHM is -0.01%. This is the percent change in the value of SHM over the most recent 3-month period.

The standard deviation of SHM for the past year is 0.025%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SHM include SUB, HYD, and VTEB.

ETFs correlated to SHM include IBMQ, SCMB, and IBMP.

ETFs that are inversely correlated to SHM include PST, TBX, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.