iShares Short Duration High Yield Muni Active ETF (SHYM) belongs to the High Yield Muni category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SHYM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SHYM
SHYM charges 0.35% annually. There are 2 ETFs in the High Yield Muni category with lower expense ratios, going as low as 0.32%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price High Income Municipal ETF | 0.32% | 25.42M | Nov 2025 | SHYM vs THYM | |
| Capital Group Municipal High-Income ETF | 0.34% | 3.22B | Jun 2024 | SHYM vs CGHM | |
| JPMorgan High Yield Municipal ETF | 0.35% | 280.74M | Jul 2023 | SHYM vs JMHI | |
| WisdomTree High Income Laddered Municipal ETF | 0.35% | 5.08M | Apr 2025 | SHYM vs WTMY | |
| Franklin Municipal High Yield ETF | 0.35% | 599.10M | May 2018 | SHYM vs FTMH |
Best Risk-Adjusted Alternatives to SHYM
SHYM has a PortfoliosLab risk / return rank of 74. There are 7 ETFs in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance High Income Municipal ETF | 93 | 57.80M | Feb 2025 | SHYM vs EVYM | |
| Capital Group Municipal High-Income ETF | 92 | 3.22B | Jun 2024 | SHYM vs CGHM | |
| Rockefeller Opportunistic Municipal Bond ETF | 92 | 209.80M | Aug 2024 | SHYM vs RMOP | |
| Invesco Rochester High Yield Municipal ETF | 88 | 131.53M | Dec 2022 | SHYM vs IROC | |
| Nomura National High-Yield Municipal Bond ETF | 86 | 30.14M | Mar 2025 | SHYM vs HTAX |
Top Performing SHYM Alternatives (YTD)
SHYM is at 2.56% YTD. There are 10 ETFs in the High Yield Muni category with higher YTD returns, going as high as 4.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck CEF Municipal Income ETF | 4.83% | 223.14M | Jul 2011 | SHYM vs XMPT | |
| Nomura National High-Yield Municipal Bond ETF | 4.31% | 30.14M | Mar 2025 | SHYM vs HTAX | |
| Franklin Municipal High Yield ETF | 4.31% | 599.10M | May 2018 | SHYM vs FTMH | |
| Eaton Vance High Income Municipal ETF | 4.29% | 57.80M | Feb 2025 | SHYM vs EVYM | |
| Rockefeller Opportunistic Municipal Bond ETF | 4.25% | 209.80M | Aug 2024 | SHYM vs RMOP |
Lowest Volatility Alternatives to SHYM
SHYM has 2.74% 1-year volatility. There is 1 ETF in the High Yield Muni category with lower 1-year volatility, going as low as 2.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree High Income Laddered Municipal ETF | 2.54% | 5.08M | Apr 2025 | SHYM vs WTMY | |
| Invesco Rochester High Yield Municipal ETF | 3.03% | 131.53M | Dec 2022 | SHYM vs IROC | |
| Capital Group Municipal High-Income ETF | 3.13% | 3.22B | Jun 2024 | SHYM vs CGHM | |
| JPMorgan High Yield Municipal ETF | 3.19% | 280.74M | Jul 2023 | SHYM vs JMHI | |
| Eaton Vance High Income Municipal ETF | 3.67% | 57.80M | Feb 2025 | SHYM vs EVYM |
Lowest Drawdown Alternatives to SHYM
SHYM has a 1-year max drawdown of -2.23%. No ETFs in the High Yield Muni category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -2.55%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Capital Group Municipal High-Income ETF | -2.55% | 3.22B | Jun 2024 | SHYM vs CGHM | |
| Invesco Rochester High Yield Municipal ETF | -2.64% | 131.53M | Dec 2022 | SHYM vs IROC | |
| Rockefeller Opportunistic Municipal Bond ETF | -2.66% | 209.80M | Aug 2024 | SHYM vs RMOP | |
| WisdomTree High Income Laddered Municipal ETF | -2.71% | 5.08M | Apr 2025 | SHYM vs WTMY | |
| Eaton Vance High Income Municipal ETF | -2.77% | 57.80M | Feb 2025 | SHYM vs EVYM |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, SOXX and span 14 categories. AUM among these funds goes as high as $894B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 1.92% | 97.69B | May 2020 | SHYM vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -26.32% | 46.82B | Jan 2024 | SHYM vs IBIT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 94 | 88.79% | 47.60B | Jul 2001 | SHYM vs SOXX | |
| iShares Core S&P 500 ETF | S&P 500 | 67 | 10.84% | 894.38B | May 2000 | SHYM vs IVV | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 14 | -1.35% | 42.18B | Jul 2002 | SHYM vs TLT | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 83 | 11.23% | 42.05B | Jun 2014 | SHYM vs DGRO | |
| iShares Silver Trust | Silver, Precious Metals | 29 | -17.46% | 28.37B | Apr 2006 | SHYM vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 24 | -6.04% | 60.94B | Jan 2005 | SHYM vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 68 | 20.14% | 83.34B | May 2000 | SHYM vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 65 | 11.64% | 33.36B | Mar 2008 | SHYM vs ACWI |
Often Compared With SHYM
Investors most often compare SHYM with INMU, HYD, NHYM. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare SHYM with Any Fund or Stock
Compare SHYM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SHYM with funds that move differently
iShares Short Duration High Yield Muni Active ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SHYM.
Explore SHYM Diversifiers