SHM
SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF

Price: $49.37
Change: $0.01 (0.0%)
Category: National Munis
Last Updated:

Vitals

Issuer State Street
Brand SPDR
Structure ETF
Expense Ratio 0.20%
ETF Home Page Home page
Inception Oct 10, 2007

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.

ETF Database Themes

Category National Munis
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Municipal Bond
Bond Duration All-Term

FactSet Classifications

  • Segment Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Short-Term
  • Category Government, Local Authority/Municipal
  • Focus Investment Grade
  • Niche Short-Term
  • Strategy Vanilla
  • Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $49.10
  • 52 Week Hi $49.64
  • AUM $5,060.5 M
  • Shares 102.6 M

Historical Trading Data

  • 1 Month Avg. Volume 397,243
  • 3 Month Avg. Volume 354,335

Alternative ETFs in the ETF Database National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTEB 0.06% $14.2 B 1 M 0.26%
Largest (AUM) MUB 0.07% $23.7 B 1 M 0.20%
Most Liquid (Volume) VTEB 0.06% $14.2 B 1 M 0.26%
Top YTD Performer RTAI 1.91% $20.2 M 6,444 8.49%

Alternative ETFs in the FactSet Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Short-Term Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SUB 0.07% $6.3 B 362,189 0.07%
Largest (AUM) SUB 0.07% $6.3 B 362,189 0.07%
Most Liquid (Volume) JMST 0.18% $2.2 B 374,829 0.24%
Top YTD Performer BSMN 0.18% $35.8 M 4,050 0.49%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

SHM ETF Database Category Average FactSet Segment Average
Number of Holdings 1146 833 1832
% of Assets in Top 10 10.20% 18.20% 13.61%
% of Assets in Top 15 12.85% 22.28% 17.57%
% of Assets in Top 50 26.01% 40.54% 35.18%

Size Comparison

SHM ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

SHM Valuation

This section compares the P/E ratio of this ETF to its peers.

SHM
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
N/A

SHM Dividend

This section compares the dividend yield of this ETF to its peers.

SHM ETF Database Category Average FactSet Segment Average
Dividend $ 0.03 $ 0.05 $ 0.02
Dividend Date 2021-10-01 N/A N/A
Annual Dividend Rate $ 0.47 $ 0.60 $ 0.32
Annual Dividend Yield 0.94% 1.54% 0.76%

SHM Price and Volume Chart

SHM Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 9.87 M 1 Month Net Flows: 98.96 M 3 Month Net Flows: 227.89 M 6 Month Net Flows: 381.58 M 1 Year Net Flows: 853.61 M 3 Year Net Flows: 1.26 B 5 Year Net Flows: 1.87 B 10 Year Net Flows: 3.64 B

SHM Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database 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 its peers.

Expenses Ratio Analysis

SHM
Expense Ratio
0.20%
ETF Database Category Average
Expense Ratio
0.29%
FactSet Segment Average
Expense Ratio
0.20%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
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 peers.

SHM ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.32% -0.81% -0.14%
3 Month Return -0.37% -1.10% -0.21%
YTD Return -0.23% 0.78% 0.11%
1 Year Return 0.07% 2.53% 0.51%
3 Year Return 7.66% 8.87% 5.83%
5 Year Return 7.49% 6.13% 4.79%

Geographic Exposure

The following charts reflect the geographic spread of SHM's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of SHM's underlying holdings.

Asset Percentage
Municipal 96.59%
Other 2.81%
Open-ended Fund 0.16%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Municipal 96.59%
Other 2.81%
Open-ended Fund 0.16%

SHM Technicals

Volatility Analysis

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

5 Day Volatility
63.30%
Rank
13 of 50

20 Day Volatility
0.68%
Rank
47 of 50

50 Day Volatility
0.67%
Rank
47 of 50

200 Day Volatility
0.73%
Rank
46 of 50

Beta
0.02
Rank
45 of 50

Standard Deviation
0.10%
Rank
35 of 47

Technicals

  • 20 Day MA $49.38
  • 60 Day MA $49.49
  • MACD 15 Period 0.01
  • MACD 100 Period -0.12
  • Williams % Range 10 Day 33.37
  • Williams % Range 20 Day 73.99
  • RSI 10 Day 42
  • RSI 20 Day 39
  • RSI 30 Day 41
  • Ultimate Oscillator 71

Bollinger Bands

  • Lower Bollinger (10 Day) $49.32
  • Upper Bollinger (10 Day) $49.38
  • Lower Bollinger (20 Day) $49.27
  • Upper Bollinger (20 Day) $49.49
  • Lower Bollinger (30 Day) $49.27
  • Upper Bollinger (30 Day) $49.59

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $49.34
  • Resistance Level 1 n/a
  • Resistance Level 2 $49.40

Stochastic

  • Stochastic Oscillator %D (1 Day) 66.91
  • Stochastic Oscillator %D (5 Day) 69.55
  • Stochastic Oscillator %K (1 Day) 67.24
  • Stochastic Oscillator %K (5 Day) 68.62

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

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

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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