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SHM
SPDR Barclays Short Term Municipal Bond

Price: $48.45
Change: $0.21 (0.0%)
Category: National Munis
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $43.00
  • 52 Week Hi $49.95
  • AUM $3,666.4 M
  • Shares 75.4 M

Analyst Report

This fund tracks an index of municipal bonds, a slice of the bond market that is highly coveted due to its tax features. These bonds are generally free from federal taxes and in some cases, state and local income taxes as well making these funds crucial components of portfolios for those in high tax brackets. Muni bonds are used by local entities to pay for a variety of services or to make improvements to infrastructure paying for everything from new sewer systems to school renovations and bridge construction as such, they are relatively low risk instruments. This is especially true in the case of SHM since the fund only targets short term munis which have less default risk then their longer-dated counterparts. As a result SHM is a solid choice for investors seeking broad exposure to the muni market but with lower levels of risk. The fund still has solid levels of diversification-- holding over 330 securities-- and a cheap expense ratio, making it a decent building block of portfolios. However, investors should be aware that these shorter term instruments are likely to pay out a lower rate of interest than some of the longer-term bonds that are out there, potentially limiting current income.

Historical Trading Data

  • 1 Month Avg. Volume 1,242,379
  • 3 Month Avg. Volume 699,709

Alternative ETFs in the National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest MUB 0.07% $15.0 B 2 M -2.93%
Largest (AUM) MUB 0.07% $15.0 B 2 M -2.93%
Most Liquid (Volume) MUB 0.07% $15.0 B 2 M -2.93%
Top YTD Performer PVI 0.25% $51.2 M 8,889 0.51%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

460
Number of Holdings
13.60%
% Assets in Top 10
16.59%
% Assets in Top 15
31.53%
% Assets in Top 50
Number of Holdings
460

% Assets in Top 10
13.60%

% Assets in Top 15
16.59%

% Assets in Top 50
31.53%

Sector Breakdown

Asset Percentage
Municipal debt 94.26%
ETF Cash Component 5.74%
Bond Sector Percentage
Municipal 94.26%
ETF Cash Component 5.74%
Bond Sector Percentage
Municipal Bond 91.87%
Other 8.13%
Coupon Range Percentage
0% to 1% 0.0%
1% to 2% 0.31%
2% to 3% 4.19%
3% to 4% 1.28%
4% to 5% 5.46%
5% to 6% 83.02%
6% to 7% 0.0%
7% to 8% 0.0%
8% to 9% 0.0%
9% to 10% 0.0%
Greater Than 10% 0.0%
ETF Cash Component 5.74%
Credit Percentage
AAA 24.78%
AA 65.0%
A 3.64%
BBB 0.0%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 0.34%
ETF Cash Component 5.74%
Rating Unknown 0.51%
Maturity Percentage
Less Than 1 Year 2.44%
1-3 Years 40.52%
3-5 Years 42.67%
5-7 Years 2.06%
7-10 Years 0.21%
10-15 Years 0.84%
15-20 Years 0.57%
20-30 Years 3.63%
30+ Years 1.32%
ETF Cash Component 5.74%
Asset Percentage
Municipal debt 94.26%
ETF Cash Component 5.74%

SHM Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

SHM Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.05
Dividend Date
2020-04-01
Annual Dividend Rate
$0.68

$0.05
Dividend
2020-04-01
Dividend Date
$0.68
Annual Dividend Rate
Annual Dividend Yield
1.40%

SHM Fund Flows

View charts featuring ETF fund flow data.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for SHM on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the National Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ n/a
Expenses A- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

SHM Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.542%
ETF Wtd. Average
0.19%
Category Average
0.26%
Expense Ratio
0.20%
ESG Themes and Scores

SHM does not have an ESG score. There are no ESG themes that map to this ETF.

SHM Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-1.06%
1 Week Return
-2.28%
4 Week Return
-1.15%
13 Week Return
-0.46%
26 Week Return
-1.03%
Year to Date Return
1.43%
1 Year Return
3.93%
3 Year Return
5.30%
5 Year Return
1 Week Return
-1.06%

4 Week Return
-2.28%

13 Week Return
-1.15%

26 Week Return
-0.46%

Year to Date Return
-1.03%

1 Year Return
1.43%

3 Year Return
3.93%

5 Year Return
5.30%

SHM Charts

SHM Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
61.98%
Rank
27 of 47

20 Day Volatility
31.41%
Rank
26 of 47

50 Day Volatility
19.92%
Rank
26 of 47

200 Day Volatility
14.12%
Rank
22 of 41

Beta
-0.02
Rank
20 of 43

Standard Deviation
0.64%
Rank
17 of 34

Technicals

  • 20 Day MA $47.79
  • 60 Day MA $48.76
  • MACD 15 Period 1.04
  • MACD 100 Period -0.35
  • Williams % Range 10 Day 15.32
  • Williams % Range 20 Day 21.57
  • RSI 10 Day 54
  • RSI 20 Day 51
  • RSI 30 Day 50
  • Ultimate Oscillator 59

Bollinger Brands

  • Lower Bollinger (10 Day) $45.90
  • Upper Bollinger (10 Day) $50.11
  • Lower Bollinger (20 Day) $44.87
  • Upper Bollinger (20 Day) $50.70
  • Lower Bollinger (30 Day) $45.50
  • Upper Bollinger (30 Day) $51.17

Support & Resistance

  • Support Level 1 $48.21
  • Support Level 2 $47.98
  • Resistance Level 1 $48.63
  • Resistance Level 2 $48.81

Stochastic

  • Stochastic Oscillator %D (1 Day) 67.72
  • Stochastic Oscillator %D (5 Day) 56.84
  • Stochastic Oscillator %K (1 Day) 66.14
  • Stochastic Oscillator %K (5 Day) 65.68

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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