SHM vs CSQ

Comparison between SPDR Nuveen Bloomberg Short Term Municipal Bond ETF (SHM, ETF) and Calamos Strategic Total Return Fund (CSQ, ETF).

5-Year PerformanceCSQ has outperformed SHM, delivering a return of +12.4% compared to +0.9%

SHM vs CSQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHM(ETF)	CSQ(ETF)
Net Assets	$3.40B	$3.50B
Expense Ratio	0.20%	N/A
Max Drawdown	11.61%	72.74%
Sharpe Ratio	0.05	1.76
5Y Beta	0.01	1.02
5Y Dividends CAGR	19.21%	2.82%

Net Assets

SHM

$3.40B

Winner

CSQ

$3.50B

Expense Ratio

SHM

0.20%

CSQ

N/A

Max Drawdown

Winner

SHM

11.61%

CSQ

72.74%

Sharpe Ratio

SHM

0.05

Winner

CSQ

1.76

5Y Beta

Winner

SHM

0.01

CSQ

1.02

5Y Dividends CAGR

Winner

SHM

19.21%

CSQ

2.82%

SHM vs CSQ - Historical Returns

Returns include dividend reinvestment.

Period	SHM	CSQ
1 month	-0.17%	+9.37%
3 months	-0.55%	+9.21%
6 months	+0.97%	+9.71%
1 year	+3.62%	+28.36%
5 years(CAGR)	+0.87%	+12.41%
10 years(CAGR)	+1.15%	+16.57%
Max(CAGR)	+1.78%	+10.13%

SHM

-0.17%

Winner

CSQ

+9.37%

SHM

-0.55%

Winner

CSQ

+9.21%

SHM

+0.97%

Winner

CSQ

+9.71%

SHM

+3.62%

Winner

CSQ

+28.36%

5Y(CAGR)

SHM

+0.87%

Winner

CSQ

+12.41%

10Y(CAGR)

SHM

+1.15%

Winner

CSQ

+16.57%

Max(CAGR)

SHM

+1.78%

Winner

CSQ

+10.13%

SHM vs CSQ - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	SHM	CSQ
2026	+0.39%	+8.13%
2025	+3.86%	+17.22%
2024	+1.22%	+29.40%
2023	+2.81%	+22.44%
2022	-3.80%	-24.06%
2021	-0.37%	+34.84%
2020	+2.53%	+25.88%
2019	+3.60%	+38.06%
2018	+1.42%	-4.03%
2017	+1.01%	+25.28%
2016	-0.49%	+16.51%
2015	+1.13%	-4.73%
2014	+1.01%	+14.95%
2013	+1.27%	+18.27%
2012	+1.32%	+26.53%
2011	+3.76%	-4.16%
2010	+1.19%	+12.12%
2009	+4.28%	+48.27%
2008	+5.83%	-48.59%
2007	+1.61%	-2.22%
2006	N/A	+23.71%
2005	N/A	+3.84%
2004	N/A	-3.64%

SHM vs CSQ Drawdown Comparison

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

The maximum drawdown for CSQ was -67.02%, occurring on Nov 20, 2008. Recovery took 1214 trading sessions.

The current SHM drawdown is -0.72%. The current CSQ drawdown is -0.15%.

Rank	SHM	CSQ
#1	-11.61% Mar 9, 2020 - May 19, 2020	-67.02% May 22, 2007 - Mar 15, 2012
#2	-6.97% Sep 23, 2008 - Dec 5, 2008	-48.11% Feb 20, 2020 - Aug 12, 2020
#3	-6.67% Aug 3, 2021 - Sep 5, 2024	-33.06% Dec 30, 2021 - Mar 20, 2024
#4	-3.50% Aug 31, 2010 - May 6, 2011	-29.03% Sep 24, 2018 - Apr 29, 2019
#5	-3.07% Feb 13, 2008 - Mar 18, 2008	-24.60% May 18, 2015 - Jul 15, 2016
#6	-2.70% Aug 22, 2016 - Aug 2, 2017	-24.18% Jan 23, 2025 - Jun 26, 2025
#7	-2.63% Apr 23, 2013 - Oct 23, 2013	-17.11% Apr 1, 2004 - Jul 8, 2005
#8	-2.07% Sep 5, 2017 - Jan 11, 2019	-15.25% Jan 12, 2026 - Apr 20, 2026
#9	-1.87% Feb 13, 2009 - Apr 16, 2009	-14.59% Aug 27, 2014 - Nov 14, 2014
#10	-1.75% Mar 18, 2008 - Aug 15, 2008	-12.20% Oct 17, 2012 - Jan 7, 2013
#11	-1.67% Sep 6, 2011 - Jan 11, 2012	-10.85% Jan 26, 2018 - Jun 1, 2018
#12	-1.67% Apr 4, 2025 - Jun 12, 2025	-9.91% Sep 2, 2020 - Nov 10, 2020
#13	-1.31% Oct 3, 2024 - Feb 25, 2025	-9.90% May 17, 2013 - Oct 25, 2013
#14	-1.24% Sep 17, 2008 - Sep 23, 2008	-9.75% Jul 10, 2024 - Sep 23, 2024
#15	-1.13% Feb 26, 2026 - Mar 24, 2026	-9.53% Apr 15, 2021 - Jun 29, 2021

Correlation

Correlation between SHM and CSQ is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2004 - 2026)

SHM vs CSQ dividend yield comparison.

Year	SHM	CSQ
2026	0.90%	1.81%
2025	2.61%	6.51%
2024	2.06%	6.95%
2023	1.15%	8.27%
2022	0.69%	9.17%
2021	0.86%	6.38%
2020	1.24%	7.03%
2019	1.40%	7.14%
2018	1.23%	9.35%
2017	1.06%	8.20%
2016	0.94%	9.64%
2015	0.92%	10.00%
2014	0.93%	8.44%
2013	0.97%	7.71%
2012	1.40%	8.56%
2011	1.60%	7.54%
2010	1.91%	6.80%
2009	2.03%	8.93%
2008	2.59%	18.36%
2007	0.72%	8.71%
2006	0.00%	7.48%
2005	0.00%	7.66%
2004	0.00%	4.28%