Correlation
The correlation between SHM and OSTAX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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.
Performance
SHM vs. OSTAX - Performance Comparison
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Key characteristics
SHM:
1.76
OSTAX:
1.51
SHM:
2.20
OSTAX:
1.88
SHM:
1.38
OSTAX:
1.37
SHM:
1.20
OSTAX:
0.73
SHM:
6.02
OSTAX:
5.70
SHM:
0.63%
OSTAX:
0.57%
SHM:
2.22%
OSTAX:
2.28%
SHM:
-11.61%
OSTAX:
-9.34%
SHM:
-0.29%
OSTAX:
-1.18%
Returns By Period
In the year-to-date period, SHM achieves a 1.26% return, which is significantly higher than OSTAX's 0.89% return. Both investments have delivered pretty close results over the past 10 years, with SHM having a 1.04% annualized return and OSTAX not far ahead at 1.07%.
SHM
1.26%
0.66%
0.67%
3.88%
1.74%
0.27%
1.04%
OSTAX
0.89%
0.30%
0.50%
3.42%
1.83%
0.36%
1.07%
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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.
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Dividends
SHM vs. OSTAX - Dividend Comparison
SHM's dividend yield for the trailing twelve months is around 2.35%, which matches OSTAX's 2.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF | 2.35% | 2.06% | 1.15% | 0.69% | 0.77% | 1.16% | 1.40% | 1.23% | 1.06% | 1.01% | 0.92% | 0.93% |
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | 2.37% | 2.53% | 1.89% | 1.33% | 1.04% | 1.21% | 1.55% | 1.57% | 1.05% | 1.44% | 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.
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Volatility
SHM vs. OSTAX - Volatility Comparison
SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) and JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) have volatilities of 0.38% and 0.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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