SHM vs. OSTAX
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) and JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX).
SHM is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Managed Money Short. It was launched on Oct 10, 2007. OSTAX is managed by JPMorgan. It was launched on May 3, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHM or OSTAX.
Correlation
The correlation between SHM and OSTAX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SHM vs. OSTAX - Performance Comparison
Key characteristics
SHM:
1.35
OSTAX:
1.64
SHM:
1.91
OSTAX:
2.38
SHM:
1.26
OSTAX:
1.39
SHM:
0.88
OSTAX:
0.58
SHM:
3.86
OSTAX:
5.58
SHM:
0.65%
OSTAX:
0.46%
SHM:
1.86%
OSTAX:
1.57%
SHM:
-11.61%
OSTAX:
-9.34%
SHM:
-0.15%
OSTAX:
-1.35%
Returns By Period
In the year-to-date period, SHM achieves a 0.90% return, which is significantly higher than OSTAX's 0.71% return. Over the past 10 years, SHM has outperformed OSTAX with an annualized return of 1.08%, while OSTAX has yielded a comparatively lower 0.93% annualized return.
SHM
0.90%
0.69%
0.85%
2.28%
0.67%
1.08%
OSTAX
0.71%
0.61%
0.79%
2.57%
0.31%
0.93%
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SHM vs. OSTAX - Expense Ratio Comparison
SHM has a 0.20% expense ratio, which is lower than OSTAX's 0.87% expense ratio.
Risk-Adjusted Performance
SHM vs. OSTAX — Risk-Adjusted Performance Rank
SHM
OSTAX
SHM vs. OSTAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) and JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
SHM vs. OSTAX - Dividend Comparison
SHM's dividend yield for the trailing twelve months is around 2.13%, less than OSTAX's 2.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF | 2.13% | 2.06% | 1.22% | 0.76% | 1.00% | 1.65% | 1.41% | 1.33% | 1.15% | 1.02% | 0.91% | 0.92% |
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | 2.53% | 2.53% | 1.89% | 1.33% | 1.04% | 1.21% | 1.55% | 1.57% | 1.05% | 0.91% | 0.68% | 0.56% |
Drawdowns
SHM vs. OSTAX - Drawdown Comparison
The maximum SHM drawdown since its inception was -11.61%, which is greater than OSTAX's maximum drawdown of -9.34%. Use the drawdown chart below to compare losses from any high point for SHM and OSTAX. For additional features, visit the drawdowns tool.
Volatility
SHM vs. OSTAX - Volatility Comparison
SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) has a higher volatility of 0.41% compared to JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) at 0.38%. This indicates that SHM's price experiences larger fluctuations and is considered to be riskier than OSTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.