SHM vs. MYMG

Last updated Jun 4, 2026

SHM (SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF) and MYMG (State Street My2027 Municipal Bond ETF) are both Municipal Bonds funds from State Street. SHM is passively managed, while MYMG is actively managed. Over the past year, SHM returned 3.47% vs 3.89% for MYMG. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

SHM vs. MYMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) and State Street My2027 Municipal Bond ETF (MYMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHM achieves a 0.78% return, which is significantly lower than MYMG's 1.20% return.

SHM

• 1D: 0.04%
• 1M: 0.39%
• YTD: 0.78%
• 6M: 1.08%
• 1Y: 3.47%
• 3Y*: 2.93%
• 5Y*: 0.91%
• 10Y*: 1.20%

MYMG

• 1D: 0.02%
• 1M: 0.37%
• YTD: 1.20%
• 6M: 1.48%
• 1Y: 3.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHM vs. MYMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF	0.78%	3.95%	-0.77%
MYMG State Street My2027 Municipal Bond ETF	1.20%	2.64%	-0.18%

Correlation

The correlation between SHM and MYMG is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.64

The correlation between SHM and MYMG shifts across timeframes, from 0.50 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SHM vs. MYMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHM

SHM Risk / Return Rank: 75
SHM Sharpe Ratio Rank: 84
SHM Sortino Ratio Rank: 90
SHM Omega Ratio Rank: 90
SHM Calmar Ratio Rank: 62
SHM Martin Ratio Rank: 47

MYMG

MYMG Risk / Return Rank: 97
MYMG Sharpe Ratio Rank: 97
MYMG Sortino Ratio Rank: 98
MYMG Omega Ratio Rank: 98
MYMG Calmar Ratio Rank: 97
MYMG Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHM vs. MYMG - 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 State Street My2027 Municipal Bond ETF (MYMG). 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	MYMG	Difference
Sharpe ratio: Return per unit of total volatility	2.76	4.80	-2.04
Sortino ratio: Return per unit of downside risk	4.29	8.05	-3.75
Omega ratio: Gain probability vs. loss probability	1.59	2.38	-0.79
Calmar ratio: Return relative to maximum drawdown	3.08	10.94	-7.86
Martin ratio: Return relative to average drawdown	7.88	36.03	-28.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHM vs. MYMG - Sharpe Ratio Comparison

The current SHM Sharpe Ratio is 2.76, which is lower than the MYMG Sharpe Ratio of 4.80. The chart below compares the historical Sharpe Ratios of SHM and MYMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SHM	MYMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	4.80	-2.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.07	-0.59

Drawdowns

SHM vs. MYMG - Drawdown Comparison

The maximum SHM drawdown since its inception was -11.61%, which is greater than MYMG's maximum drawdown of -2.31%. Use the drawdown chart below to compare losses from any high point for SHM and MYMG.

Drawdown Indicators

	SHM	MYMG	Difference
Max Drawdown Largest peak-to-trough decline	-11.61%	-2.31%	-9.30%
Max Drawdown (1Y) Largest decline over 1 year	-1.13%	-0.36%	-0.77%
Max Drawdown (3Y) Largest decline over 3 years	-2.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.61%	—	—
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-0.97%	-0.33%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.11%	+0.33%

Volatility

SHM vs. MYMG - Volatility Comparison

SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) has a higher volatility of 0.35% compared to State Street My2027 Municipal Bond ETF (MYMG) at 0.18%. This indicates that SHM's price experiences larger fluctuations and is considered to be riskier than MYMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHM	MYMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	0.18%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	0.85%	0.56%	+0.29%
Volatility (1Y) Calculated over the trailing 1-year period	1.26%	0.81%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.07%	2.03%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.31%	2.03%	+1.28%

SHM vs. MYMG - Expense Ratio Comparison

Both SHM and MYMG have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SHM vs. MYMG - Dividend Comparison

SHM's dividend yield for the trailing twelve months is around 2.67%, less than MYMG's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MYMG State Street My2027 Municipal Bond ETF	2.88%	3.03%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF	2.67%	2.61%	2.06%	1.15%	0.69%	0.86%	1.24%	1.40%	1.23%	1.06%	0.94%	0.92%

Frequently Asked Questions

Can I hold both SHM and MYMG in my portfolio?

SHM and MYMG have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHM or MYMG?

SHM has higher volatility (0.35%) compared to MYMG (0.18%). In terms of maximum drawdown, SHM dropped -11.61% vs MYMG's -2.31%.

Which ETF is better, SHM or MYMG?

On 1-year performance, MYMG leads with 3.89% vs 3.47% for SHM. Both ETFs have the same 0.20% expense ratio. On volatility, MYMG has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHM or MYMG?

Over the 1-year period, MYMG has performed better with a 3.89% return vs 3.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHM or MYMG?

SHM and MYMG have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, SHM or MYMG?

MYMG has the higher dividend yield at 2.88%, compared with 2.67% for SHM.

Which has better risk-adjusted returns?

MYMG currently has the higher Sharpe Ratio (4.80 vs 2.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.