On Jun 30, 2026 CGSM's duration was 2.4 years and SHM's 2.1; SHM charges 0.20% to CGSM's 0.25%.Net assets on Oct 8, 2026: $1.6bn for Capital Group Short Duration Municipal Income ETF and $3.5bn for State Street SPDR Nuveen ICE Short Term Municipal Bond ETF.
SHM costs 0.05 points a year less; their one-year returns differ by 0.8 points; SHM is 2.1 times larger.
CGSM
SHM
Expense ratio
0.25%
0.20%
Net assets, as of Oct 8, 2026
$1.6bn
$3.5bn
Total return, 1 year
+0.8%
0.0%
What it tracks
No index, actively managed
ICE 1-5 Year AMT-Free Broad Municipal Index ?
Holdings in common
4%
Holdings in common uses holdings dated Jun 30, 2026.
+0.8%
CGSM total return, 1 year
0.0%
SHM total return, 1 year
0.25%
CGSM expense ratio
0.20%
SHM expense ratio
What they hold in common
By the books each fund has filed, CGSM and SHM hold 4% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.
50%
half
4% in common
Positions both hold, largest shared weight first
HoldingCGSMSHM
KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due Jun 1, 20550.62%0.32%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Feb 1, 20540.28%0.21%
KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due Aug 1, 20520.27%0.20%
EAST CNTY ADVANCED WTR PURIFICATION JT PWRS AUTH, due Sep 1, 20260.20%0.32%
SAINT JOHN THE BAPTIST PARISH LA REVENUE, due Jun 1, 20370.44%0.17%
NEW YORK CITY NY HSG DEV CORP MF HSG REV, due Nov 1, 20650.17%0.29%
KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due May 1, 20550.21%0.16%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Oct 1, 20520.16%0.18%
HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE, due Jul 1, 20310.35%0.16%
UNIV OF CALIFORNIA CA REVENUES, due May 15, 20300.77%0.16%
TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV, due Jan 1, 20540.16%0.21%
LOS ANGELES CA DEPT OF WTR & PWR REVENUE, due Jul 1, 20300.19%0.15%
Only in CGSM
MARYLAND ST, due Jun 1, 20301.08%
FLORIDA ST BRD OF EDU PUBLIC EDU, due Jun 1, 20291.06%
GEORGIA ST, due Dec 1, 20311.05%
SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE, due May 1, 20481.03%
ROCHESTER MN HLTH CARE FACS REVENUE, due Apr 1, 20661.02%
MISSISSIPPI BUSINESS FIN CORP MS PORT FAC REVENUE, due Jun 1, 20431.01%
PHOENIX AZ INDL DEV AUTH HLTHCARE FACS REVENUE, due Nov 15, 20521.00%
CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE, due Jul 1, 20420.97%
Only in SHM
SOUTHEAST ENERGY AUTHORITY A COOPERATIVE, due Oct 1, 20300.92%
CALIFORNIA ST, due Oct 1, 20270.69%
NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE, due Mar 15, 20290.61%
CALIFORNIA ST, due Mar 1, 20290.52%
CALIFORNIA ST, due Sep 1, 20280.49%
CALIFORNIA ST, due Sep 1, 20280.46%
NEW YORK NY, due Aug 1, 20270.44%
UNIV OF CALIFORNIA CA REVENUES, due May 15, 20270.41%
CGSM and SHM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
CGSM in plain words
CGSM is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +0.8% with distributions reinvested. The prospectus expense ratio is 0.25% a year.
SHM in plain words
SHM tracks an index. Over the year to Oct 9, 2026 it returned 0.0% with distributions reinvested. The prospectus expense ratio is 0.20% a year.
Questions people ask
Which returned more over the last year, CGSM or SHM?
In the year to Oct 9, 2026, with distributions reinvested, CGSM returned +0.8% and SHM 0.0%.
Which is cheaper, CGSM or SHM?
SHM is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
CGSM against SHM, ETFIQ, data as of Oct 9, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.
