SHM vs BTC
Comparison between SPDR Nuveen Bloomberg Short Term Municipal Bond ETF (SHM, ETF) and Grayscale Bitcoin Mini Trust ETF (BTC, ETF).
SHM vs BTC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SHM
$3.40B
Winner
BTC
$3.50B
Expense Ratio
SHM
0.20%
Winner
BTC
0.15%
Max Drawdown
Winner
SHM
11.61%
BTC
49.34%
Sharpe Ratio
Winner
SHM
0.01
BTC
-0.29
5Y Beta
Winner
SHM
0.01
BTC
1.30
5Y Dividends CAGR
SHM
19.21%
BTC
N/A
SHM vs BTC - Historical Returns
Returns include dividend reinvestment.
1M
SHM
-0.05%
Winner
BTC
+12.42%
3M
SHM
-0.37%
Winner
BTC
+13.25%
6M
Winner
SHM
+1.05%
BTC
-22.81%
1Y
Winner
SHM
+3.75%
BTC
-20.98%
5Y(CAGR)
SHM
+0.87%
BTC
N/A
10Y(CAGR)
SHM
+1.15%
BTC
N/A
Max(CAGR)
SHM
+1.79%
Winner
BTC
+12.17%
SHM vs BTC - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | SHM | BTC |
|---|---|---|
| 2026 | +0.45% | -10.74% |
| 2025 | +3.86% | -10.26% |
| 2024 | +1.22% | +44.64% |
| 2023 | +2.81% | N/A |
| 2022 | -3.80% | N/A |
| 2021 | -0.37% | N/A |
| 2020 | +2.53% | N/A |
| 2019 | +3.60% | N/A |
| 2018 | +1.42% | N/A |
| 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 BTC Drawdown Comparison
The maximum drawdown for SHM was -11.61%, occurring on Mar 19, 2020. Recovery took 50 trading sessions.
The maximum drawdown for BTC was -49.34%, occurring on Feb 5, 2026. This drawdown has not yet recovered.
The current SHM drawdown is -0.65%. The current BTC drawdown is -36.17%.
| Rank | SHM | BTC |
|---|---|---|
| #1 | -11.61% Mar 9, 2020 - May 19, 2020 | -49.34% Oct 6, 2025 - Feb 5, 2026 |
| #2 | -6.97% Sep 23, 2008 - Dec 5, 2008 | -28.14% Dec 17, 2024 - May 20, 2025 |
| #3 | -6.67% Aug 3, 2021 - Sep 5, 2024 | -17.96% Jul 31, 2024 - Sep 27, 2024 |
| #4 | -3.50% Aug 31, 2010 - May 6, 2011 | -11.96% Aug 13, 2025 - Oct 6, 2025 |
| #5 | -3.07% Feb 13, 2008 - Mar 18, 2008 | -9.11% Sep 27, 2024 - Oct 14, 2024 |
| #6 | -2.70% Aug 22, 2016 - Aug 2, 2017 | -8.47% Nov 22, 2024 - Dec 6, 2024 |
| #7 | -2.63% Apr 23, 2013 - Oct 23, 2013 | -8.44% May 22, 2025 - Jul 9, 2025 |
| #8 | -2.07% Sep 5, 2017 - Jan 11, 2019 | -7.30% Oct 29, 2024 - Nov 6, 2024 |
| #9 | -1.87% Feb 13, 2009 - Apr 16, 2009 | -5.81% Jul 14, 2025 - Aug 13, 2025 |
| #10 | -1.75% Mar 18, 2008 - Aug 15, 2008 | -5.48% Dec 6, 2024 - Dec 13, 2024 |
| #11 | -1.67% Sep 6, 2011 - Jan 11, 2012 | -3.29% Oct 18, 2024 - Oct 28, 2024 |
| #12 | -1.67% Apr 4, 2025 - Jun 12, 2025 | -2.51% Nov 13, 2024 - Nov 15, 2024 |
| #13 | -1.31% Oct 3, 2024 - Feb 25, 2025 | -1.50% Oct 16, 2024 - Oct 18, 2024 |
| #14 | -1.24% Sep 17, 2008 - Sep 23, 2008 | N/A |
| #15 | -1.13% Feb 26, 2026 - Mar 24, 2026 | N/A |
Correlation
Correlation between SHM and BTC is 0.10 which considered as a very weak or no correlation - the stocks move independently of each other.
0.10
-101
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