SHM vs. VWAHX
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
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. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Performance
SHM vs. VWAHX - Performance Comparison
Loading graphics...
SHM vs. VWAHX - 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% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | -0.65% | 4.96% | 3.98% | 8.39% | -11.76% | 3.36% | 5.39% | 9.48% | 1.31% | 7.86% |
Returns By Period
In the year-to-date period, SHM achieves a 0.11% return, which is significantly higher than VWAHX's -0.65% return. Over the past 10 years, SHM has underperformed VWAHX with an annualized return of 1.16%, while VWAHX has yielded a comparatively higher 2.95% 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%
VWAHX
- 1D
- 0.19%
- 1M
- -2.87%
- YTD
- -0.65%
- 6M
- 1.03%
- 1Y
- 3.98%
- 3Y*
- 4.41%
- 5Y*
- 1.42%
- 10Y*
- 2.95%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
Return for Risk
SHM vs. VWAHX — Risk / Return Rank
SHM
VWAHX
SHM vs. VWAHX - 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 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.
| SHM | VWAHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 0.87 | +0.87 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.19 | +1.01 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.25 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 0.95 | +1.02 |
Martin ratioReturn relative to average drawdown | 6.17 | 2.95 | +3.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SHM | VWAHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 0.87 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.30 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.64 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.64 | -0.16 |
Correlation
The correlation between SHM and VWAHX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SHM vs. VWAHX - Dividend Comparison
SHM's dividend yield for the trailing twelve months is around 2.64%, less than VWAHX's 4.07% 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% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 4.07% | 4.95% | 4.38% | 3.53% | 3.36% | 2.98% | 3.31% | 3.94% | 3.78% | 3.68% | 3.75% | 3.67% |
Drawdowns
SHM vs. VWAHX - Drawdown Comparison
The maximum SHM drawdown since its inception was -11.61%, smaller than the maximum VWAHX drawdown of -40.26%. Use the drawdown chart below to compare losses from any high point for SHM and VWAHX.
Loading graphics...
Drawdown Indicators
| SHM | VWAHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.61% | -40.26% | +28.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.67% | -5.63% | +3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -6.67% | -17.32% | +10.65% |
Max Drawdown (10Y)Largest decline over 10 years | -11.61% | -17.32% | +5.71% |
Current DrawdownCurrent decline from peak | -1.03% | -2.87% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -6.95% | +5.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 1.82% | -1.29% |
Volatility
SHM vs. VWAHX - Volatility Comparison
The current volatility for SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF (SHM) is 0.53%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 1.19%. 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.
Loading graphics...
Volatility by Period
| SHM | VWAHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.19% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 0.89% | 1.96% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.83% | 5.70% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.07% | 4.75% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 4.61% | -1.30% |