On Jun 30, 2026 SHM's duration was 2.1 years and SMMU's 1.7; SHM charges 0.20% to SMMU's 0.35%.Net assets: $3.5bn on Oct 8, 2026 for State Street SPDR Nuveen ICE Short Term Municipal Bond ETF, and $1.1bn on Jun 30, 2026 for PIMCO Short Term Municipal Bond Active Exchange-Traded Fund.
SHM costs 0.15 points a year less; their one-year returns differ by 1.1 points; SHM is 3.0 times larger.
SHM
SMMU
Expense ratio
0.20%
0.35%
Net assets, as of Jun 30, 2026
$3.5bn
$1.1bn
Total return, 1 year
0.0%
+1.1%
What it tracks
ICE 1-5 Year AMT-Free Broad Municipal Index ?
No index, actively managed
Holdings in common
3%
Holdings in common uses holdings dated Jun 30, 2026.
0.0%
SHM total return, 1 year
+1.1%
SMMU total return, 1 year
0.20%
SHM expense ratio
0.35%
SMMU expense ratio
What they hold in common
By the books each fund has filed, SHM and SMMU hold 3% 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
3% in common
Positions both hold, largest shared weight first
HoldingSHMSMMU
KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due Jun 1, 20550.32%0.35%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Feb 1, 20540.21%0.23%
CALIFORNIA ST HLTH FACS FING AUTH REVENUE, due Oct 1, 20500.19%0.24%
NEW YORK CITY NY HSG DEV CORP MF HSG REV, due May 1, 20650.16%0.34%
NEW JERSEY ST ECON DEV AUTH REV, due Mar 1, 20280.16%0.20%
UNIV OF COLORADO CO ENTERPRISE SYS REVENUE, due Oct 1, 20280.15%0.51%
GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE, due Oct 1, 20520.15%0.23%
BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE, due Jun 1, 20490.17%0.13%
N TX TOLLWAY AUTH REVENUE, due Jan 1, 20270.13%0.24%
BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE, due Dec 1, 20530.12%0.19%
NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE, due Nov 1, 20640.12%0.38%
MATAGORDA CNTY TX NAV DIST #1, due Nov 1, 20290.10%0.13%
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%
Only in SMMU
U.S. Treasury Notes, due Feb 29, 20282.24%
U.S. Treasury Notes, due Feb 28, 20311.81%
Connecticut State Health & Educational Facilities Authority, due Jul 1, 20571.75%
Federal Home Loan Bank Discount Notes, due Sep 4, 20261.68%
New York City Municipal Water Finance Authority, due Jun 15, 20501.34%
Fort Bend Independent School District, due Aug 1, 20551.25%
Tarrant County Cultural Education Facilities Finance Corp., due Nov 15, 20631.22%
Net assets, SHM as of Oct 8, 2026 and SMMU as of Jun 30, 2026$3.5bn$1.1bn
SHM and SMMU on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
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.
SMMU in plain words
SMMU is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +1.1% with distributions reinvested. The prospectus expense ratio is 0.35% a year.
Questions people ask
Which returned more over the last year, SHM or SMMU?
In the year to Oct 9, 2026, with distributions reinvested, SHM returned 0.0% and SMMU +1.1%.
Which is cheaper, SHM or SMMU?
SHM is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
SHM against SMMU, 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.
