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ETF comparison

CGMU vs SHM

Both US Municipal Bond.

Capital Group Municipal Income ETF · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
2.3 %

43 positions appear in both funds. Buying equal dollars of CGMU and SHM would leave roughly 2.3% of each dollar exposed to the same underlying securities.

CGMU only 98.5% Shared 2.3% SHM only 97.8%
In CGMU only
2,083 positions
Shared
43 positions
In SHM only
945 positions

Side by side

CGMU

Capital Group Municipal Income ETF

Capital Group · US Municipal Bond

86 composite / 100
Expense ratio
0.27%
Net assets
$6.31B
TTM yield
3.35%
Top-10 conc.
5.4%
SHM

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

State Street · US Municipal Bond

86 composite / 100
Expense ratio
0.20%
Net assets
$3.47B
TTM yield
2.67%
Top-10 conc.
6.1%

Sub-score comparison

73
Cost
80
93
Tax efficiency
93
91
Liquidity
80
100
Concentration
100
—
Tracking quality
—
CGMU sub-score SHM

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SHM is 7 bps cheaper than CGMU. On a $100,000 position that's about $70/yr more in fees for CGMU.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with CGMU vs SHM.

Top shared holdings

43 shared in total
# Holding In CGMU In SHM Overlap
1 Harris County Cultural Education Facilities Finance Corp 0.51% 0.26% 0.26%
2 East County Advanced Water Purification Joint Powers Authority 0.18% 0.32% 0.18%
3 New York City Housing Development Corp 0.16% 0.29% 0.16%
4 Black Belt Energy Gas District 0.14% 0.12% 0.12%
5 New Mexico Municipal Energy Acquisition Authority 0.11% 0.21% 0.11%
6 Rutherford County Health & Educational Facilities Board 0.09% 0.10% 0.09%
7 Black Belt Energy Gas District 0.09% 0.09% 0.09%
8 Texas Municipal Gas Acquisition & Supply Corp IV 0.08% 0.21% 0.08%
9 City of New York NY 0.07% 0.40% 0.07%
10 State of Ohio 0.19% 0.07% 0.07%
11 Main Street Natural Gas Inc 0.07% 0.18% 0.07%
12 Main Street Natural Gas Inc 0.30% 0.07% 0.07%

Only in CGMU

2,083 total
  • Commonwealth of Puerto Rico 0.67%
  • Triborough Bridge & Tunnel Authority 0.58%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.57%
  • University of California 0.56%
  • New York City Municipal Water Finance Authority 0.54%
  • County of Montgomery MD 0.53%
  • Connecticut State Health & Educational Facilities Authority 0.50%
  • Mississippi Business Finance Corp 0.49%
  • Black Belt Energy Gas District 0.47%
  • Industrial Development Authority of the City of Phoenix Arizona/The 0.41%

Only in SHM

945 total
  • Southeast Energy Authority A Cooperative District 0.93%
  • City of New York NY 0.91%
  • State of California 0.70%
  • New York State Dormitory Authority 0.62%
  • State of California 0.53%
  • New York City Transitional Finance Authority Future Tax Secured Revenue 0.52%
  • Triborough Bridge & Tunnel Authority 0.51%
  • State of California 0.49%
  • University of California 0.41%
  • Triborough Bridge & Tunnel Authority 0.41%

Open CGMU or SHM at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.