ETF comparison
MUB vs SHM
Both US Municipal Bond.
iShares National Muni Bond ETF · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
Holdings overlap
109 positions appear in both funds. Buying equal dollars of MUB and SHM would leave roughly 1.9% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
MUB is 15 bps cheaper than SHM. On a $100,000 position that's about $150/yr more in fees for SHM.
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 MUB vs SHM.
Top shared holdings
109 shared in total| # | Holding | In MUB | In SHM | Overlap |
|---|---|---|---|---|
| 1 | East County Advanced Water Purification Joint Powers Authority | 0.11% | 0.32% | 0.11% |
| 2 | New Jersey Economic Development Authority | 0.07% | 0.16% | 0.07% |
| 3 | State of New Jersey | 0.06% | 0.07% | 0.06% |
| 4 | New York State Dormitory Authority | 0.06% | 0.09% | 0.06% |
| 5 | Los Angeles Department of Water & Power | 0.05% | 0.15% | 0.05% |
| 6 | State of New Jersey | 0.05% | 0.10% | 0.05% |
| 7 | Fort Bend Independent School District | 0.05% | 0.19% | 0.05% |
| 8 | County of Clark Department of Aviation | 0.05% | 0.15% | 0.05% |
| 9 | State of Illinois | 0.04% | 0.06% | 0.04% |
| 10 | Metropolitan Transportation Authority | 0.04% | 0.24% | 0.04% |
| 11 | Commonwealth of Massachusetts | 0.04% | 0.09% | 0.04% |
| 12 | E-470 Public Highway Authority | 0.06% | 0.04% | 0.04% |
Only in MUB
6,943 total- Board of Regents of the University of Texas System 0.18%
- San Antonio Water System 0.15%
- New York State Thruway Authority 0.15%
- New York State Dormitory Authority 0.13%
- Northwest Independent School District 0.12%
- Houston Higher Education Finance Corp. 0.12%
- State of New Jersey 0.12%
- Ohio State University (The) 0.12%
- State of Washington 0.12%
- State of California 0.12%
Only in SHM
934 total- Southeast Energy Authority A Cooperative District 0.92%
- State of California 0.69%
- New York State Dormitory Authority 0.61%
- State of California 0.52%
- State of California 0.46%
- City of New York NY 0.44%
- University of California 0.41%
- City of New York NY 0.39%
- State of Florida Department of Transportation Turnpike System Revenue 0.37%
- State of Maryland Department of Transportation 0.36%
Related comparisons
More comparisons with MUB
- MUB vs JMST · JPMorgan Ultra-Short Municipal Income ETF 1.1%
- MUB vs HYD · VanEck High Yield Muni ETF 1.1%
- MUB vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 1.1%
- MUB vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- MUB vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- MUB vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
More comparisons with SHM
- SHM vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 1.7%
- SHM vs NYF · iShares New York Muni Bond ETF 0.7%
- SHM vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- SHM vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- SHM vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- SHM vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
Percentages are holdings overlap with the named fund.
Open MUB or SHM at a brokerage
Both funds trade commission-free at major US brokerages.
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.