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

In the year to Oct 9, 2026, with distributions reinvested, SHM returned 0.0% and TAFI +0.5%.

Which is cheaper, SHM or TAFI?

SHM is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

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SHM vs TAFI: Differences, Returns & Fees

SHM's duration was 2.1 years on Jun 30, 2026 and TAFI's 1.9 on May 31, 2026; SHM charges 0.20% to TAFI's 0.27%. Net assets on Oct 8, 2026: $3.5bn for State Street SPDR Nuveen ICE Short Term Municipal Bond ETF and $1.4bn for AB Tax-Aware Short Duration Municipal ETF.

SHM costs 0.07 points a year less; their one-year returns differ by 0.5 points; SHM is 2.4 times larger.

	SHM	TAFI
Expense ratio	0.20%	0.27%
Net assets, as of Oct 8, 2026	$3.5bn	$1.4bn
Total return, 1 year	0.0%	+0.5%
What it tracks	ICE 1-5 Year AMT-Free Broad Municipal Index ?	No index, actively managed
Holdings in common	5%

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

0.0%

SHM total return, 1 year

+0.5%

TAFI total return, 1 year

0.20%

SHM expense ratio

0.27%

TAFI expense ratio

What they hold in common

By the books each fund has filed, SHM and TAFI hold 5% 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

5% in common

Positions both hold, largest shared weight first

Holding SHM TAFI

MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE, due Dec 1, 2052 0.23% 0.33%

TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV, due Jan 1, 2054 0.21% 0.34%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due Jul 1, 2053 0.20% 0.25%

SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE, due Jan 1, 2054 0.18% 0.21%

SOUTHEAST ENERGY AUTHORITY A COOPERATIVE, due Oct 1, 2030 0.92% 0.17%

MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE, due Jun 1, 2053 0.17% 0.17%

TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE, due May 1, 2053 0.20% 0.16%

KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE, due May 1, 2055 0.16% 0.25%

UNIV OF CALIFORNIA CA REVENUES, due May 15, 2030 0.16% 0.61%

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

TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE, due Nov 15, 2064 0.15% 0.17%

HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE, due Dec 1, 2029 0.26% 0.13%

Only in SHM

CALIFORNIA ST, due Oct 1, 2027 0.69%

NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE, due Mar 15, 2029 0.61%

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%

TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX, due Nov 15, 2028 0.40%

Only in TAFI

COLORADO ST EDUC LOAN PROGRAM, due Jun 30, 2026 1.53%

TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES, due Jan 1, 2031 0.97%

QUINCY MA, due Jul 24, 2026 0.68%

PUERTO RICO CMWLTH, due Jul 1, 2027 0.63%

ILLINOIS ST FIN AUTH REVENUE, due Nov 15, 2037 0.56%

NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE, due Jan 1, 2030 0.55%

COLORADO ST EDUC LOAN PROGRAM, due Jun 30, 2026 0.53%

NEW JERSEY ST ECON DEV AUTH, due Sep 1, 2029 0.51%

Check overlap with more funds →

On the same fields

SHM

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

TAFI

AB Tax-Aware Short Duration Municipal ETF

Where it sits Bond ETF Bond ETF

Issuer State Street AllianceBernstein

What it is Tracks an index Actively managed

Total return, 1 year 0.0% +0.5%

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

Gap to the S&P 500 −17.3 pts −16.8 pts

Expense ratio 0.20% 0.27%

Holdings 1107 684

Net assets, as of Oct 8, 2026 $3.5bn $1.4bn

SHM and TAFI 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.

TAFI in plain words

TAFI is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +0.5% with distributions reinvested. The prospectus expense ratio is 0.27% a year.

Questions people ask

Which returned more over the last year, SHM or TAFI?: In the year to Oct 9, 2026, with distributions reinvested, SHM returned 0.0% and TAFI +0.5%.
Which is cheaper, SHM or TAFI?: SHM is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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

SHM on its own →TAFI 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 ↗TAFI filings on SEC EDGAR ↗TAFI prospectus with the expense ratio (SEC) ↗

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 TAFI, data as of Oct 9, 2026. https://etfiq.com/compare/any/shm-vs-tafi

Open data

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