SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM)
SHM is a passive ETF by State Street tracking the investment results of the Bloomberg Municipal Managed Money Short. SHM launched on Oct 10, 2007 and has a 0.20% expense ratio.
ETF Info
| ISIN | US78468R7391 |
|---|---|
| CUSIP | 78468R739 |
| Issuer | State Street |
| Inception Date | Oct 10, 2007 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | Bloomberg Municipal Managed Money Short |
| Home Page | www.ssga.com |
| Asset Class | Bond |
Expense Ratio
SHM has an expense ratio of 0.20%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SHM vs. SUB, SHM vs. JMST, SHM vs. SOXX, SHM vs. MUB, SHM vs. FLOT, SHM vs. VCSH, SHM vs. VOO, SHM vs. VWAHX, SHM vs. ON, SHM vs. RSPN
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF had a return of 1.38% year-to-date (YTD) and 3.41% in the last 12 months. Over the past 10 years, SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF had an annualized return of 1.00%, while the S&P 500 had an annualized return of 11.39%, indicating that SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.38% | 25.48% |
| 1 month | -0.41% | 2.14% |
| 6 months | 1.82% | 12.76% |
| 1 year | 3.41% | 33.14% |
| 5 years (annualized) | 0.77% | 13.96% |
| 10 years (annualized) | 1.00% | 11.39% |
Monthly Returns
The table below presents the monthly returns of SHM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.25% | 0.10% | -0.32% | -0.56% | -0.30% | 0.79% | 0.88% | 1.13% | 0.54% | -0.70% | 1.38% | ||
| 2023 | 1.47% | -1.99% | 1.94% | -0.55% | -0.99% | 0.81% | -0.06% | -0.21% | -1.21% | 0.14% | 2.58% | 1.12% | 2.99% |
| 2022 | -1.93% | -0.10% | -1.66% | -1.31% | 1.32% | 0.00% | 1.14% | -1.66% | -1.78% | 0.09% | 1.84% | 0.33% | -3.74% |
| 2021 | 0.10% | -0.62% | 0.30% | 0.21% | -0.01% | 0.00% | 0.25% | -0.12% | -0.26% | -0.12% | 0.07% | -0.03% | -0.24% |
| 2020 | 0.59% | 0.18% | -0.97% | 0.15% | 2.46% | -0.08% | 0.59% | -0.13% | 0.03% | -0.30% | 0.47% | 0.10% | 3.08% |
| 2019 | 0.42% | 0.40% | 0.30% | 0.17% | 0.70% | 0.40% | 0.67% | 0.20% | -0.39% | 0.27% | 0.09% | 0.36% | 3.64% |
| 2018 | 0.21% | 0.02% | -0.22% | -0.31% | 0.58% | 0.46% | 0.25% | -0.03% | -0.54% | -0.20% | 0.63% | 0.79% | 1.66% |
| 2017 | 0.71% | 0.41% | 0.11% | 0.29% | 0.62% | -0.53% | 0.76% | 0.37% | -0.57% | -0.11% | -1.07% | 0.12% | 1.08% |
| 2016 | 0.41% | 0.32% | -0.36% | 0.28% | -0.10% | 0.59% | 0.33% | -0.07% | -0.49% | -0.22% | -1.78% | 0.50% | -0.61% |
| 2015 | 0.74% | -0.35% | -0.10% | -0.30% | -0.09% | 0.44% | 0.33% | 0.11% | 0.12% | 0.33% | -0.13% | 0.12% | 1.21% |
| 2014 | 0.23% | 0.50% | -0.68% | 0.28% | 0.37% | -0.14% | 0.33% | 0.36% | -0.15% | 0.10% | 0.07% | -0.34% | 0.92% |
| 2013 | 0.04% | 0.17% | 0.15% | 0.04% | -0.04% | -1.61% | 1.21% | -0.71% | 1.08% | 0.41% | 0.03% | 0.16% | 0.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SHM is 47, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF provided a 1.89% dividend yield over the last twelve months, with an annual payout of $0.90 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.90 | $0.58 | $0.36 | $0.49 | $0.82 | $0.69 | $0.64 | $0.55 | $0.49 | $0.44 | $0.45 | $0.48 |
Dividend yield | 1.89% | 1.22% | 0.76% | 1.00% | 1.65% | 1.41% | 1.33% | 1.15% | 1.02% | 0.91% | 0.92% | 0.98% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.06 | $0.07 | $0.06 | $0.07 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.78 | |
| 2023 | $0.00 | $0.03 | $0.05 | $0.07 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.12 | $0.58 |
| 2022 | $0.00 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.06 | $0.36 |
| 2021 | $0.00 | $0.07 | $0.05 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.06 | $0.02 | $0.10 | $0.49 |
| 2020 | $0.00 | $0.05 | $0.06 | $0.10 | $0.11 | $0.05 | $0.11 | $0.09 | $0.05 | $0.05 | $0.04 | $0.12 | $0.82 |
| 2019 | $0.00 | $0.05 | $0.07 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.12 | $0.69 |
| 2018 | $0.00 | $0.04 | $0.05 | $0.04 | $0.05 | $0.09 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.11 | $0.64 |
| 2017 | $0.00 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.09 | $0.04 | $0.04 | $0.05 | $0.04 | $0.09 | $0.55 |
| 2016 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.49 |
| 2015 | $0.00 | $0.03 | $0.05 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.08 | $0.44 |
| 2014 | $0.00 | $0.03 | $0.05 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.08 | $0.45 |
| 2013 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.48 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF was 11.61%, occurring on Mar 19, 2020. Recovery took 41 trading sessions.
The current SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF drawdown is 0.88%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.61% | Mar 10, 2020 | 8 | Mar 19, 2020 | 41 | May 18, 2020 | 49 |
| -6.98% | Sep 24, 2008 | 6 | Oct 1, 2008 | 46 | Dec 5, 2008 | 52 |
| -6.55% | Aug 5, 2021 | 309 | Oct 25, 2022 | 459 | Aug 23, 2024 | 768 |
| -3.5% | Sep 1, 2010 | 95 | Jan 14, 2011 | 77 | May 6, 2011 | 172 |
| -3.07% | Feb 14, 2008 | 11 | Feb 29, 2008 | 12 | Mar 18, 2008 | 23 |
Volatility
Volatility Chart
The current SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF volatility is 0.86%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.