ETF comparison
MUNI vs SHM
Both US Municipal Bond.
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
Holdings overlap
18 positions appear in both funds. Buying equal dollars of MUNI and SHM would leave roughly 1.7% of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
SHM is 15 bps cheaper than MUNI. On a $100,000 position that's about $150/yr more in fees for MUNI.
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 MUNI vs SHM.
Top shared holdings
18 shared in total| # | Holding | In MUNI | In SHM | Overlap |
|---|---|---|---|---|
| 1 | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY | 0.30% | 0.29% | 0.29% |
| 2 | BLACK BELT ENERGY GAS DISTRICT | 0.19% | 0.24% | 0.19% |
| 3 | CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY | 0.18% | 0.18% | 0.18% |
| 4 | GRAND PARKWAY TRANSPORTATION CORPORATION | 0.19% | 0.15% | 0.15% |
| 5 | MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA | 0.20% | 0.12% | 0.12% |
| 6 | BLACK BELT ENERGY GAS DISTRICT | 0.11% | 0.17% | 0.11% |
| 7 | RUTHERFORD COUNTY HEALTH & EDU | 0.21% | 0.10% | 0.10% |
| 8 | TENNERGY CORP | 0.07% | 0.18% | 0.07% |
| 9 | MAIN STREET NATURAL GAS INC | 0.07% | 0.12% | 0.07% |
| 10 | INDIANA FINANCE AUTHORITY | 0.13% | 0.07% | 0.07% |
| 11 | PUBLIC ENERGY AUTHORITY OF KENTUCKY INC | 0.07% | 0.32% | 0.07% |
| 12 | LOUISIANA PUBLIC FACILITIES AUTHORITY | 0.17% | 0.06% | 0.06% |
Only in MUNI
562 total- UNITED STATES GOVT 2.47%
- UNITED STATES GOVT 2.00%
- FEDERAL HOME LOAN BANK (FHLB) 1.90%
- FEDERAL HOME LOAN BANK (FHLB) 1.60%
- UNITED STATES GOVT 1.31%
- FEDERAL HOME LOAN BANK (FHLB) 0.99%
- UNITED STATES GOVT 0.98%
- UNITED STATES GOVT 0.97%
- CONNECTICUT STATE HEALTH & EDUCATIONAL FACILITIES AUTHORITY 0.90%
- PUBLIC ENERGY AUTHORITY OF KENTUCKY INC 0.89%
Only in SHM
970 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%
- State of California 0.46%
- University of California 0.41%
Open MUNI 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.