SHM vs. MSFT
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) and Microsoft Corporation (MSFT).
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.
Performance
SHM vs. MSFT - Performance Comparison
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SHM vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF | 0.11% | 3.95% | 1.22% | 2.92% | -3.82% | -0.37% | 2.65% | 3.64% | 1.56% | 0.99% |
MSFT Microsoft Corporation | -23.28% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Returns By Period
In the year-to-date period, SHM achieves a 0.11% return, which is significantly higher than MSFT's -23.28% return. Over the past 10 years, SHM has underperformed MSFT with an annualized return of 1.16%, while MSFT has yielded a comparatively higher 22.44% annualized return.
SHM
- 1D
- 0.10%
- 1M
- -1.01%
- YTD
- 0.11%
- 6M
- 0.53%
- 1Y
- 3.17%
- 3Y*
- 2.26%
- 5Y*
- 0.83%
- 10Y*
- 1.16%
MSFT
- 1D
- 3.12%
- 1M
- -5.75%
- YTD
- -23.28%
- 6M
- -28.23%
- 1Y
- -0.64%
- 3Y*
- 9.54%
- 5Y*
- 9.74%
- 10Y*
- 22.44%
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Return for Risk
SHM vs. MSFT — Risk / Return Rank
SHM
MSFT
SHM vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) and Microsoft Corporation (MSFT). 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.
| SHM | MSFT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | -0.02 | +1.77 |
Sortino ratioReturn per unit of downside risk | 2.20 | 0.15 | +2.04 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.02 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | -0.05 | +2.02 |
Martin ratioReturn relative to average drawdown | 6.17 | -0.12 | +6.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHM | MSFT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | -0.02 | +1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.37 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.84 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.74 | -0.26 |
Correlation
The correlation between SHM and MSFT is -0.01. 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.
Dividends
SHM vs. MSFT - Dividend Comparison
SHM's dividend yield for the trailing twelve months is around 2.64%, more than MSFT's 0.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF | 2.64% | 2.61% | 2.06% | 1.15% | 0.69% | 0.86% | 1.24% | 1.40% | 1.23% | 1.06% | 0.94% | 0.92% |
MSFT Microsoft Corporation | 0.94% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Drawdowns
SHM vs. MSFT - Drawdown Comparison
The maximum SHM drawdown since its inception was -11.61%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for SHM and MSFT.
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Drawdown Indicators
| SHM | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.61% | -69.38% | +57.77% |
Max Drawdown (1Y)Largest decline over 1 year | -1.67% | -33.91% | +32.24% |
Max Drawdown (5Y)Largest decline over 5 years | -6.67% | -37.15% | +30.48% |
Max Drawdown (10Y)Largest decline over 10 years | -11.61% | -37.15% | +25.54% |
Current DrawdownCurrent decline from peak | -1.03% | -31.43% | +30.40% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -21.77% | +20.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 12.46% | -11.93% |
Volatility
SHM vs. MSFT - Volatility Comparison
The current volatility for SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) is 0.53%, while Microsoft Corporation (MSFT) has a volatility of 6.48%. This indicates that SHM experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHM | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 6.48% | -5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 0.89% | 19.15% | -18.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.83% | 26.46% | -24.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.07% | 26.19% | -24.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 26.89% | -23.58% |