ETF comparison
SHM vs SUB
Both US Municipal Bond.
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF · iShares Short-Term National Muni Bond ETF
Holdings overlap
287 positions appear in both funds. Buying equal dollars of SHM and SUB would leave roughly 10.5% 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
SUB is 13 bps cheaper than SHM. On a $100,000 position that's about $130/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 SHM vs SUB.
Top shared holdings
287 shared in total| # | Holding | In SHM | In SUB | Overlap |
|---|---|---|---|---|
| 1 | Connecticut State Health & Educational Facilities Authority | 0.26% | 0.19% | 0.19% |
| 2 | East County Advanced Water Purification Joint Powers Authority | 0.32% | 0.17% | 0.17% |
| 3 | State of California | 0.17% | 0.23% | 0.17% |
| 4 | New Jersey Economic Development Authority | 0.16% | 0.35% | 0.16% |
| 5 | University of California | 0.16% | 0.24% | 0.16% |
| 6 | State of California | 0.16% | 0.26% | 0.16% |
| 7 | Los Angeles Department of Water & Power | 0.15% | 0.17% | 0.15% |
| 8 | University of California | 0.15% | 0.16% | 0.15% |
| 9 | Fort Bend Independent School District | 0.19% | 0.15% | 0.15% |
| 10 | Metropolitan Transportation Authority | 0.24% | 0.14% | 0.14% |
| 11 | State of Minnesota | 0.31% | 0.14% | 0.14% |
| 12 | New Jersey Turnpike Authority | 0.15% | 0.14% | 0.14% |
Only in SHM
756 total- Southeast Energy Authority A Cooperative District 0.92%
- State of California 0.52%
- State of California 0.49%
- 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%
- New Jersey Transportation Trust Fund Authority 0.37%
- State of Maryland Department of Transportation 0.36%
Only in SUB
2,689 total- New York City Transitional Finance Authority Future Tax Secured 0.33%
- State of California 0.28%
- New York City Municipal Water Finance Authority 0.27%
- Triborough Bridge & Tunnel Authority 0.25%
- Empire State Development Corp. 0.24%
- State of California 0.23%
- City of Seattle WA Municipal Light & Power Revenue 0.23%
- State of Georgia 0.22%
- City of New York 0.21%
- City of New York 0.20%
Related comparisons
More comparisons with SHM
- SHM vs HYD · VanEck High Yield Muni ETF 3.0%
- SHM vs JMUB · JPMorgan Municipal ETF 2.6%
- SHM vs VTEB · Vanguard Tax-Exempt Bond Index Fund ETF Shares 2.4%
- SHM vs JMST · JPMorgan Ultra-Short Municipal Income ETF 2.3%
- SHM vs CGMU · Capital Group Municipal Income ETF 2.1%
- SHM vs SCMB · Schwab Municipal Bond ETF 2.1%
More comparisons with SUB
- SUB vs MUB · iShares National Muni Bond ETF 9.7%
- SUB vs VTEB · Vanguard Tax-Exempt Bond Index Fund ETF Shares 8.1%
- SUB vs SCMB · Schwab Municipal Bond ETF 6.0%
- SUB vs CMF · iShares California Muni Bond ETF 4.8%
- SUB vs NYF · iShares New York Muni Bond ETF 3.1%
- SUB vs JMST · JPMorgan Ultra-Short Municipal Income ETF 2.9%
Percentages are holdings overlap with the named fund.
Open SHM or SUB 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.