EWU vs SHM
Comparison between ISHARES MSCI UNITED KINGDOM ETF (EWU, ETF) and STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF).
5-Year PerformanceEWU has outperformed SHM, delivering a return of +10.9% compared to +1.0%
EWU vs SHM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
EWU vs SHM - Historical Returns
Returns include dividend reinvestment.
EWU vs SHM - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | EWU | SHM |
|---|---|---|
| 2026 | +3.97% | +0.99% |
| 2025 | +35.28% | +3.86% |
| 2024 | +7.79% | +1.22% |
| 2023 | +12.02% | +2.81% |
| 2022 | -5.49% | -3.80% |
| 2021 | +16.67% | -0.37% |
| 2020 | -11.93% | +2.53% |
| 2019 | +21.33% | +3.60% |
| 2018 | -15.06% | +1.42% |
| 2017 | +21.11% | +1.01% |
| 2016 | -0.82% | -0.57% |
| 2015 | -7.90% | +0.67% |
| 2014 | -9.53% | +0.55% |
| 2013 | +16.19% | +0.78% |
| 2012 | +9.90% | +0.62% |
| 2011 | -5.20% | +2.92% |
| 2010 | +6.65% | +0.24% |
| 2009 | +33.66% | +3.22% |
| 2008 | -47.37% | +4.44% |
| 2007 | +4.02% | +1.25% |
| 2006 | +24.32% | N/A |
| 2005 | +4.93% | N/A |
| 2004 | +17.30% | N/A |
| 2003 | +28.76% | N/A |
| 2002 | -16.14% | N/A |
| 2001 | -16.19% | N/A |
| 2000 | -17.40% | N/A |
| 1999 | +4.59% | N/A |
EWU vs SHM Drawdown Comparison
The maximum drawdown for EWU was -65.49%, occurring on Mar 9, 2009. Recovery took 4128 trading sessions.
The maximum drawdown for SHM was -11.61%, occurring on Mar 19, 2020. Recovery took 50 trading sessions.
The current EWU drawdown is -5.04%. The current SHM drawdown is -0.12%.
| Rank | EWU | SHM |
|---|---|---|
| #1 | -65.49% Oct 31, 2007 - Mar 27, 2024 | -11.61% Mar 9, 2020 - May 19, 2020 |
| #2 | -49.52% Jan 3, 2000 - Mar 14, 2006 | -7.08% Sep 23, 2008 - Dec 23, 2008 |
| #3 | -13.36% Jul 12, 2007 - Oct 11, 2007 | -6.67% Aug 3, 2021 - Sep 5, 2024 |
| #4 | -12.67% May 9, 2006 - Sep 1, 2006 | -3.94% Aug 31, 2010 - Jun 24, 2011 |
| #5 | -12.63% Mar 19, 2025 - Apr 28, 2025 | -3.07% Feb 13, 2008 - Mar 18, 2008 |
| #6 | -9.92% Feb 27, 2026 - Mar 20, 2026 | -2.82% Sep 27, 2012 - Jan 13, 2014 |
| #7 | -9.56% Sep 27, 2024 - Feb 28, 2025 | -2.70% Aug 22, 2016 - Aug 2, 2017 |
| #8 | -8.09% Feb 26, 2007 - Mar 21, 2007 | -2.12% Mar 18, 2008 - Sep 17, 2008 |
| #9 | -5.29% Nov 11, 2025 - Dec 15, 2025 | -2.07% Sep 5, 2017 - Jan 11, 2019 |
| #10 | -4.91% Jul 31, 2024 - Aug 15, 2024 | -1.97% Feb 13, 2009 - Jul 10, 2009 |
| #11 | -4.45% Sep 5, 2006 - Oct 12, 2006 | -1.74% Sep 6, 2011 - Jan 23, 2012 |
| #12 | -3.87% Dec 19, 2006 - Jan 24, 2007 | -1.67% Apr 4, 2025 - Jun 12, 2025 |
| #13 | -3.74% Jun 4, 2007 - Jun 18, 2007 | -1.31% Oct 3, 2024 - Feb 25, 2025 |
| #14 | -3.40% May 21, 2024 - Jul 31, 2024 | -1.27% Feb 4, 2015 - Oct 13, 2015 |
| #15 | -3.29% Apr 9, 2024 - Apr 25, 2024 | -1.24% Sep 17, 2008 - Sep 23, 2008 |
Correlation
Correlation between EWU and SHM is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (1999 - 2026)
EWU vs SHM dividend yield comparison.
| Year | EWU | SHM |
|---|---|---|
| 2026 | 1.46% | 1.11% |
| 2025 | 3.73% | 2.61% |
| 2024 | 4.16% | 2.06% |
| 2023 | 4.14% | 1.15% |
| 2022 | 3.43% | 0.69% |
| 2021 | 4.35% | 0.86% |
| 2020 | 2.48% | 1.24% |
| 2019 | 4.13% | 1.40% |
| 2018 | 4.98% | 1.23% |
| 2017 | 3.91% | 1.06% |
| 2016 | 2.67% | 0.85% |
| 2015 | 2.05% | 0.46% |
| 2014 | 3.80% | 0.46% |
| 2013 | 1.19% | 0.49% |
| 2012 | 1.79% | 0.70% |
| 2011 | 1.65% | 0.80% |
| 2010 | 1.22% | 0.96% |
| 2009 | 1.29% | 1.01% |
| 2008 | 3.31% | 1.29% |
| 2007 | 1.75% | 0.36% |
| 2006 | 1.74% | 0.00% |
| 2005 | 1.56% | 0.00% |
| 2004 | 0.95% | 0.00% |
| 2003 | 1.52% | 0.00% |
| 2002 | 1.16% | 0.00% |
| 2001 | 1.62% | 0.00% |
| 2000 | 2.68% | 0.00% |
| 1999 | 0.92% | 0.00% |
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