iShares Short Duration High Yield Muni Active ETF (SHYM)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Short Duration High Yield Muni Active ETF (SHYM) is up 2.4% since the beginning of the year. SHYM is currently trading at $22 per share. Investors who bought $1,000 worth of SHYM shares 5 years ago would now be looking at an investment worth $1,050.

iShares Short Duration High Yield Muni Active ETF (SHYM) has returned 2.36% so far this year and 4.73% over the past 12 months.

Based on dividend-adjusted daily data since Mar 18, 2021, SHYM's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +8.4%, while the worst month was Sep 2022 at -6.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, SHYM closed higher 50% of trading days. The best single day was Apr 10, 2025 with a return of +2.9%, while the worst single day was Jun 13, 2022 at -4.3%.

iShares Short Duration High Yield Muni Active ETF has an annualized alpha of 1.30%, beta of 0.06, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since March 18, 2021.

• This ETF participated in 50.14% of S&P 500 Index downside but only 27.78% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.06 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SHYM has an expense ratio of 0.35%, placing it in the medium range.

SHYM ranks 48 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

iShares Short Duration High Yield Muni Active ETF provided a 4.29% dividend yield over the last twelve months, with an annual payout of $0.96 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for iShares Short Duration High Yield Muni Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the iShares Short Duration High Yield Muni Active 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 iShares Short Duration High Yield Muni Active ETF was 22.55%, occurring on Oct 24, 2022. Recovery took 588 trading sessions.

The chart below shows the rolling one-month volatility.