SHM vs. SOXX
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) and iShares PHLX Semiconductor ETF (SOXX).
SHM and SOXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both SHM and SOXX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHM or SOXX.
Key characteristics
| SHM | SOXX | |
|---|---|---|
| YTD Return | 1.40% | 16.73% |
| 1Y Return | 3.70% | 37.53% |
| 3Y Return (Ann) | 0.19% | 9.57% |
| 5Y Return (Ann) | 0.75% | 24.59% |
| 10Y Return (Ann) | 1.01% | 23.99% |
| Sharpe Ratio | 1.75 | 1.06 |
| Sortino Ratio | 2.67 | 1.53 |
| Omega Ratio | 1.34 | 1.20 |
| Calmar Ratio | 1.08 | 1.45 |
| Martin Ratio | 6.03 | 3.72 |
| Ulcer Index | 0.65% | 9.73% |
| Daily Std Dev | 2.23% | 34.26% |
| Max Drawdown | -11.61% | -70.21% |
| Current Drawdown | -0.86% | -15.76% |
Correlation
The correlation between SHM and SOXX is -0.02. 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.
Performance
SHM vs. SOXX - Performance Comparison
In the year-to-date period, SHM achieves a 1.40% return, which is significantly lower than SOXX's 16.73% return. Over the past 10 years, SHM has underperformed SOXX with an annualized return of 1.01%, while SOXX has yielded a comparatively higher 23.99% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SHM vs. SOXX - Expense Ratio Comparison
SHM has a 0.20% expense ratio, which is lower than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
SHM vs. SOXX - 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 iShares PHLX Semiconductor ETF (SOXX). 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. SOXX - Dividend Comparison
SHM's dividend yield for the trailing twelve months is around 1.89%, more than SOXX's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF | 1.89% | 1.22% | 0.76% | 1.00% | 1.65% | 1.41% | 1.33% | 1.15% | 1.02% | 0.91% | 0.92% | 0.98% |
SOXX iShares PHLX Semiconductor ETF | 0.65% | 0.78% | 1.25% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% | 1.18% |
Drawdowns
SHM vs. SOXX - Drawdown Comparison
The maximum SHM drawdown since its inception was -11.61%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for SHM and SOXX. For additional features, visit the drawdowns tool.
Volatility
SHM vs. SOXX - Volatility Comparison
The current volatility for SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) is 0.87%, while iShares PHLX Semiconductor ETF (SOXX) has a volatility of 9.54%. This indicates that SHM experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.