SHM vs BSCS

Comparison between STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF) and INVESCO BULLETSHARES 2028 CORPORATE BOND ETF (BSCS, ETF).

5-Year PerformanceBSCS has outperformed SHM, delivering a return of +1.4% compared to +0.9%

SHM vs BSCS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHM(ETF)	BSCS(ETF)
Net Assets	$3.40B	$3.40B
Expense Ratio	0.20%	0.10%
Max Drawdown	11.61%	20.35%
Sharpe Ratio	-0.26	0.27
5Y Beta	0.01	0.03
5Y Dividends CAGR	18.73%	12.32%

Net Assets

SHM

$3.40B

BSCS

$3.40B

Expense Ratio

SHM

0.20%

Winner

BSCS

0.10%

Max Drawdown

Winner

SHM

11.61%

BSCS

20.35%

Sharpe Ratio

SHM

-0.26

Winner

BSCS

0.27

5Y Beta

Winner

SHM

0.01

BSCS

0.03

5Y Dividends CAGR

Winner

SHM

18.73%

BSCS

12.32%

SHM vs BSCS - Historical Returns

Returns include dividend reinvestment.

Period	SHM	BSCS
1 month	+0.37%	+0.08%
3 months	-0.09%	+0.08%
6 months	+1.13%	+1.12%
1 year	+3.36%	+4.35%
5 years(CAGR)	+0.91%	+1.36%
10 years(CAGR)	+1.19%	N/A
Max(CAGR)	+1.80%	+3.69%

Winner

SHM

+0.37%

BSCS

+0.08%

SHM

-0.09%

Winner

BSCS

+0.08%

Winner

SHM

+1.13%

BSCS

+1.12%

SHM

+3.36%

Winner

BSCS

+4.35%

5Y(CAGR)

SHM

+0.91%

Winner

BSCS

+1.36%

10Y(CAGR)

SHM

+1.19%

BSCS

N/A

Max(CAGR)

SHM

+1.80%

Winner

BSCS

+3.69%

SHM vs BSCS - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SHM	BSCS
2026	+0.74%	+0.56%
2025	+3.86%	+6.93%
2024	+1.22%	+4.31%
2023	+2.81%	+7.23%
2022	-3.80%	-10.92%
2021	-0.37%	-1.72%
2020	+2.53%	+10.08%
2019	+3.60%	+15.10%
2018	+1.42%	-0.39%
2017	+1.01%	N/A
2016	-0.49%	N/A
2015	+1.13%	N/A
2014	+1.01%	N/A
2013	+1.27%	N/A
2012	+1.32%	N/A
2011	+3.76%	N/A
2010	+1.19%	N/A
2009	+4.28%	N/A
2008	+5.83%	N/A
2007	+1.61%	N/A

SHM vs BSCS Drawdown Comparison

The maximum drawdown for SHM was -11.61%, occurring on Mar 19, 2020. Recovery took 50 trading sessions.

The maximum drawdown for BSCS was -18.40%, occurring on Mar 20, 2020. Recovery took 67 trading sessions.

The current SHM drawdown is -0.37%. The current BSCS drawdown is -0.25%.

Rank	SHM	BSCS
#1	-11.61% Mar 9, 2020 - May 19, 2020	-18.40% Mar 4, 2020 - Jun 9, 2020
#2	-6.97% Sep 23, 2008 - Dec 5, 2008	-17.63% Aug 2, 2021 - Jun 4, 2025
#3	-6.67% Aug 3, 2021 - Sep 5, 2024	-4.47% Dec 31, 2020 - Aug 2, 2021
#4	-3.50% Aug 31, 2010 - May 6, 2011	-2.88% Aug 22, 2018 - Jan 11, 2019
#5	-3.07% Feb 13, 2008 - Mar 18, 2008	-2.52% Aug 28, 2019 - Oct 4, 2019
#6	-2.70% Aug 22, 2016 - Aug 2, 2017	-1.54% Aug 6, 2020 - Nov 18, 2020
#7	-2.63% Apr 23, 2013 - Oct 23, 2013	-1.43% Oct 4, 2019 - Dec 3, 2019
#8	-2.07% Sep 5, 2017 - Jan 11, 2019	-1.11% Jul 3, 2019 - Aug 1, 2019
#9	-1.87% Feb 13, 2009 - Apr 16, 2009	-1.09% Jun 10, 2020 - Jun 15, 2020
#10	-1.75% Mar 18, 2008 - Aug 15, 2008	-1.08% Feb 27, 2026 - May 29, 2026
#11	-1.67% Sep 6, 2011 - Jan 11, 2012	-0.92% Jun 17, 2020 - Jul 2, 2020
#12	-1.67% Apr 4, 2025 - Jun 12, 2025	-0.68% Dec 11, 2019 - Dec 27, 2019
#13	-1.31% Oct 3, 2024 - Feb 25, 2025	-0.63% Mar 27, 2019 - Apr 10, 2019
#14	-1.24% Sep 17, 2008 - Sep 23, 2008	-0.54% Feb 26, 2019 - Mar 7, 2019
#15	-1.13% Feb 26, 2026 - Mar 24, 2026	-0.50% Apr 26, 2019 - May 7, 2019

Correlation

Correlation between SHM and BSCS is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2007 - 2026)

SHM vs BSCS dividend yield comparison.

Year	SHM	BSCS
2026	1.11%	1.81%
2025	2.61%	4.46%
2024	2.06%	4.54%
2023	1.15%	3.90%
2022	0.69%	2.72%
2021	0.86%	2.13%
2020	1.24%	2.51%
2019	1.40%	3.04%
2018	1.23%	1.42%
2017	1.06%	0.00%
2016	0.94%	0.00%
2015	0.92%	0.00%
2014	0.93%	0.00%
2013	0.97%	0.00%
2012	1.40%	0.00%
2011	1.60%	0.00%
2010	1.91%	0.00%
2009	2.03%	0.00%
2008	2.59%	0.00%
2007	0.72%	0.00%