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SHM vs. VWAHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SHM and VWAHX 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.


-0.50.00.51.0
Correlation: -0.0

Performance

SHM vs. VWAHX - 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 Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). The values are adjusted to include any dividend payments, if applicable.

30.00%40.00%50.00%60.00%70.00%80.00%90.00%100.00%December2025FebruaryMarchAprilMay
34.20%
91.99%
SHM
VWAHX

Key characteristics

Sharpe Ratio

SHM:

1.25

VWAHX:

0.31

Sortino Ratio

SHM:

1.63

VWAHX:

0.44

Omega Ratio

SHM:

1.27

VWAHX:

1.08

Calmar Ratio

SHM:

0.89

VWAHX:

0.30

Martin Ratio

SHM:

4.53

VWAHX:

1.07

Ulcer Index

SHM:

0.62%

VWAHX:

1.83%

Daily Std Dev

SHM:

2.25%

VWAHX:

6.22%

Max Drawdown

SHM:

-11.61%

VWAHX:

-17.82%

Current Drawdown

SHM:

-1.00%

VWAHX:

-3.82%

Returns By Period

In the year-to-date period, SHM achieves a 0.54% return, which is significantly higher than VWAHX's -1.88% return. Over the past 10 years, SHM has underperformed VWAHX with an annualized return of 0.96%, while VWAHX has yielded a comparatively higher 2.76% annualized return.


SHM

YTD

0.54%

1M

-1.00%

6M

0.46%

1Y

2.51%

5Y*

0.53%

10Y*

0.96%

VWAHX

YTD

-1.88%

1M

-2.81%

6M

-1.62%

1Y

1.37%

5Y*

2.03%

10Y*

2.76%

*Annualized

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SHM vs. VWAHX - Expense Ratio Comparison

SHM has a 0.20% expense ratio, which is higher than VWAHX's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for SHM: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SHM: 0.20%
Expense ratio chart for VWAHX: current value is 0.17%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VWAHX: 0.17%

Risk-Adjusted Performance

SHM vs. VWAHX — Risk-Adjusted Performance Rank

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

SHM
The Risk-Adjusted Performance Rank of SHM is 8282
Overall Rank
The Sharpe Ratio Rank of SHM is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of SHM is 8181
Sortino Ratio Rank
The Omega Ratio Rank of SHM is 8686
Omega Ratio Rank
The Calmar Ratio Rank of SHM is 7575
Calmar Ratio Rank
The Martin Ratio Rank of SHM is 8181
Martin Ratio Rank

VWAHX
The Risk-Adjusted Performance Rank of VWAHX is 3434
Overall Rank
The Sharpe Ratio Rank of VWAHX is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of VWAHX is 2929
Sortino Ratio Rank
The Omega Ratio Rank of VWAHX is 3232
Omega Ratio Rank
The Calmar Ratio Rank of VWAHX is 3939
Calmar Ratio Rank
The Martin Ratio Rank of VWAHX is 3535
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SHM vs. VWAHX - 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 Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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.


The chart of Sharpe ratio for SHM, currently valued at 1.25, compared to the broader market-1.000.001.002.003.004.00
SHM: 1.25
VWAHX: 0.31
The chart of Sortino ratio for SHM, currently valued at 1.63, compared to the broader market-2.000.002.004.006.008.00
SHM: 1.63
VWAHX: 0.44
The chart of Omega ratio for SHM, currently valued at 1.27, compared to the broader market0.501.001.502.002.50
SHM: 1.27
VWAHX: 1.08
The chart of Calmar ratio for SHM, currently valued at 0.89, compared to the broader market0.002.004.006.008.0010.0012.00
SHM: 0.89
VWAHX: 0.30
The chart of Martin ratio for SHM, currently valued at 4.53, compared to the broader market0.0020.0040.0060.00
SHM: 4.53
VWAHX: 1.07

The current SHM Sharpe Ratio is 1.25, which is higher than the VWAHX Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of SHM and VWAHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
1.25
0.31
SHM
VWAHX

Dividends

SHM vs. VWAHX - Dividend Comparison

SHM's dividend yield for the trailing twelve months is around 2.36%, less than VWAHX's 3.57% yield.


TTM20242023202220212020201920182017201620152014
SHM
SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF
2.36%2.06%1.15%0.69%0.77%1.16%1.40%1.23%1.06%1.01%0.92%0.93%
VWAHX
Vanguard High-Yield Tax-Exempt Fund Investor Shares
3.57%3.75%3.53%3.37%2.86%3.09%3.36%3.79%3.69%3.75%3.69%3.78%

Drawdowns

SHM vs. VWAHX - Drawdown Comparison

The maximum SHM drawdown since its inception was -11.61%, smaller than the maximum VWAHX drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for SHM and VWAHX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay
-1.00%
-3.82%
SHM
VWAHX

Volatility

SHM vs. VWAHX - Volatility Comparison

The current volatility for SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) is 1.35%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 4.77%. This indicates that SHM experiences smaller price fluctuations and is considered to be less risky than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%December2025FebruaryMarchAprilMay
1.35%
4.77%
SHM
VWAHX