Which returned more over the last year, SHM or SUB?

In the year to Oct 9, 2026, with distributions reinvested, SHM returned 0.0% and SUB +0.8%.

Which is cheaper, SHM or SUB?

SUB is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.

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SHM vs SUB: Differences, Returns & Fees

SHM's duration was 2.1 years on Jun 30, 2026 and SUB's 1.8 on May 31, 2026; SUB charges 0.07% to SHM's 0.20%. Net assets: $3.5bn on Oct 8, 2026 for State Street SPDR Nuveen ICE Short Term Municipal Bond ETF, and $12.3bn on Oct 9, 2026 for iShares Short-Term National Muni Bond ETF.

SUB costs 0.13 points a year less; their one-year returns differ by 0.8 points; SUB is 3.5 times larger.

	SHM	SUB
Expense ratio	0.20%	0.07%
Net assets, as of Oct 8, 2026	$3.5bn	$12.2bn
Total return, 1 year	0.0%	+0.8%
What it tracks	ICE 1-5 Year AMT-Free Broad Municipal Index ?	ICE Short Maturity AMT-Free US National Municipal Index
Holdings in common	10%

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.

0.0%

SHM total return, 1 year

+0.8%

SUB total return, 1 year

0.20%

SHM expense ratio

0.07%

SUB expense ratio

What they hold in common

By the books each fund has filed, SHM and SUB hold 10% 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 May 31, 2026 and Jun 30, 2026.

50%

half

10% in common

Positions both hold, largest shared weight first

Holding SHM SUB

CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE, due Jul 1, 2064 0.26% 0.20%

EAST CNTY ADVANCED WTR PURIFICATION JT PWRS AUTH, due Sep 1, 2026 0.32% 0.18%

CALIFORNIA ST, due Nov 1, 2027 0.17% 0.24%

FORT BEND TX INDEP SCH DIST, due Aug 1, 2054 0.19% 0.16%

NEW JERSEY ST ECON DEV AUTH REV, due Mar 1, 2028 0.16% 0.37%

UNIV OF CALIFORNIA CA REVENUES, due May 15, 2030 0.16% 0.25%

CALIFORNIA ST, due Aug 1, 2029 0.16% 0.27%

UNIV OF CALIFORNIA CA REVENUES, due May 15, 2029 0.15% 0.17%

MET TRANSPRTN AUTH NY REVENUE, due Nov 15, 2030 0.24% 0.15%

MINNESOTA ST, due Aug 1, 2029 0.31% 0.14%

NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE, due Jan 1, 2029 0.15% 0.14%

ILLINOIS ST, due Feb 1, 2028 0.15% 0.13%

Only in SHM

SOUTHEAST ENERGY AUTHORITY A COOPERATIVE, due Oct 1, 2030 0.92%

CALIFORNIA ST, due Mar 1, 2029 0.52%

CALIFORNIA ST, due Sep 1, 2028 0.49%

CALIFORNIA ST, due Sep 1, 2028 0.46%

NEW YORK NY, due Aug 1, 2027 0.44%

UNIV OF CALIFORNIA CA REVENUES, due May 15, 2027 0.41%

NEW YORK NY, due Sep 1, 2027 0.39%

FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE, due Jul 1, 2028 0.37%

Only in SUB

County of King, Series 2024, due Jan 1, 2042 0.35%

San Antonio Water System, Series 2025D, due May 1, 2055 0.28%

City of Seattle, Series 2023B, due Nov 1, 2046 0.27%

Empire State Development Corp., Series 2022A, due Sep 15, 2028 0.25%

Pennsylvania Turnpike Commission, Series 2023B, due Dec 1, 2043 0.25%

State of California, due Apr 1, 2029 0.24%

District of Columbia Water & Sewer Authority, Series 2025C-2, due Oct 1, 2060 0.22%

State of New Jersey, Series 2020A, due Jun 1, 2026 0.21%

Check overlap with more funds →

On the same fields

SHM

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

SUB

iShares Short-Term National Muni Bond ETF

Where it sits Bond ETF Bond ETF

Issuer State Street iShares

What it is Tracks an index Tracks an index

Total return, 1 year 0.0% +0.8%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −17.3 pts −16.4 pts

Expense ratio 0.20% 0.07%

Holdings 1107 3057

Net assets, SHM as of Oct 8, 2026 and SUB as of Oct 9, 2026 $3.5bn $12.3bn

SHM and SUB 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.

SUB in plain words

SUB tracks an index. Over the year to Oct 9, 2026 it returned +0.8% with distributions reinvested. The prospectus expense ratio is 0.07% a year.

Questions people ask

Which returned more over the last year, SHM or SUB?: In the year to Oct 9, 2026, with distributions reinvested, SHM returned 0.0% and SUB +0.8%.
Which is cheaper, SHM or SUB?: SUB is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

SHM vs SMMU JMST vs SHM CGSM vs SHM SHM vs VTES SUB vs VTES SUB vs TAFI CGSM vs SUB JMST vs SUB

SHM on its own →SUB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

SHM filings on SEC EDGAR ↗SHM prospectus with the expense ratio (SEC) ↗State Street website ↗SUB filings on SEC EDGAR ↗SUB prospectus with the expense ratio (SEC) ↗iShares page for SUB ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, SHM against SUB, data as of Oct 9, 2026. https://etfiq.com/compare/any/shm-vs-sub

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.