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SHM vs VTES: Differences, Returns & Fees

SHM's duration was 2.1 years on Jun 30, 2026 and VTES's 2.8 on May 31, 2026; VTES charges 0.05% 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 $3.6bn on Sep 30, 2026 for Vanguard Short-Term Tax-Exempt Bond ETF.

VTES costs 0.15 points a year less; both returned 0.0% over a year.

SHMVTES
Expense ratio0.20%0.05%
Net assets, as of Sep 30, 2026$3.5bn$3.6bn
Total return, 1 year0.0%0.0%
What it tracksICE 1-5 Year AMT-Free Broad Municipal Index ?S&P 0-7 Year National AMT-Free Municipal Bond Index
Holdings in common7%

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

0.0%
SHM total return, 1 year
0.0%
VTES total return, 1 year
0.20%
SHM expense ratio
0.05%
VTES expense ratio

What they hold in common

By the books each fund has filed, SHM and VTES hold 7% 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.

half

7% in common

Positions both hold, largest shared weight first
Holding SHM VTES
EAST CNTY ADVANCED WTR PURIFICATION JT PWRS AUTH, due Sep 1, 2026 0.32% 0.20%
UNIV OF CALIFORNIA CA REVENUES, due May 15, 2030 0.16% 0.15%
LOS ANGELES CA DEPT OF WTR & PWR REVENUE, due Jul 1, 2030 0.15% 0.15%
NEW YORK NY, due Aug 1, 2029 0.23% 0.11%
CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE, due Jul 1, 2064 0.26% 0.11%
NEW YORK CITY NY TRANSITIONAL FIN AUTH REV, due Nov 1, 2029 0.11% 0.27%
OKLAHOMA CNTY OK INDEP SCH DIST #89 OKLAHOMA CITY, due Jul 1, 2027 0.25% 0.10%
UNIV OF PITTSBURGH PA OF THE CMWLTH SYS OF HGR EDU, due Feb 15, 2029 0.21% 0.10%
NEW JERSEY ST, due Jun 1, 2029 0.10% 0.16%
MASSACHUSETTS ST, due Aug 1, 2030 0.09% 0.11%
N TX TOLLWAY AUTH REVENUE, due Jan 1, 2027 0.13% 0.09%
NEW JERSEY ST TRANSPRTN TRUST FUND AUTH, due Jun 15, 2027 0.09% 0.11%
Only in SHM
SOUTHEAST ENERGY AUTHORITY A COOPERATIVE, due Oct 1, 2030 0.92%
CALIFORNIA ST, due Sep 1, 2028 0.46%
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%
MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN, due Oct 1, 2030 0.36%
MONTGOMERY CNTY MD, due Aug 1, 2028 0.36%
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due May 1, 2053 0.34%
Only in VTES
CALIFORNIA ST-REF, due Aug 1, 2030 0.25%
NEW JERSEY ST ECON DE, due Jun 15, 2042 0.23%
DALLAS ISD-B, due Feb 15, 2056 0.23%
ILLINOIS ST-D, due Nov 1, 2027 0.23%
NEW JERSEY ST-A, due Jun 1, 2028 0.22%
LOS ANGELES UNIF SD-A, due Jul 1, 2032 0.21%
WYANDOTTE CO SD#500-A, due Sep 1, 2042 0.20%
UNIV OF TEXAS TX PERM, due Jul 1, 2041 0.20%

Check overlap with more funds →

On the same fields

SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
VTES
Vanguard Short-Term Tax-Exempt Bond ETF
Where it sits Bond ETF Bond ETF
Issuer State Street Vanguard
What it is Tracks an index Tracks an index
Total return, 1 year 0.0% 0.0%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −17.3 pts −17.2 pts
Expense ratio 0.20% 0.05%
Holdings 1107 3443
Net assets, SHM as of Oct 8, 2026 and VTES as of Sep 30, 2026 $3.5bn $3.6bn

SHM and VTES 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.

VTES in plain words

VTES tracks an index. The prospectus expense ratio is 0.05% a year.

Questions people ask

Which returned more over the last year, SHM or VTES?
In the year to Oct 9, 2026, with distributions reinvested, SHM returned 0.0% and VTES 0.0%.
Which is cheaper, SHM or VTES?
VTES 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.
Other comparisons
SHM vs TAFISHM vs SMMUSHM vs SUBJMST vs SHMCGSM vs VTESJMST vs VTESSUB vs VTESMEAR vs VTES
SHM on its own →VTES 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 ↗VTES filings on SEC EDGAR ↗VTES prospectus with the expense ratio (SEC) ↗Vanguard page for VTES ↗

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

Open data

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