SHM vs DBMF

Comparison between STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF) and IMGP DBI MANAGED FUTURES STRATEGY ETF (DBMF, ETF).

5-Year PerformanceDBMF has outperformed SHM, delivering a return of +7.9% compared to +0.9%

SHM vs DBMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHM(ETF)	DBMF(ETF)
Net Assets	$3.40B	$3.50B
Expense Ratio	0.20%	0.85%
Max Drawdown	11.61%	29.26%
Sharpe Ratio	-0.26	1.74
5Y Beta	0.01	0.27
5Y Dividends CAGR	18.73%	51.19%

Net Assets

SHM

$3.40B

Winner

DBMF

$3.50B

Expense Ratio

Winner

SHM

0.20%

DBMF

0.85%

Max Drawdown

Winner

SHM

11.61%

DBMF

29.26%

Sharpe Ratio

SHM

-0.26

Winner

DBMF

1.74

5Y Beta

Winner

SHM

0.01

DBMF

0.27

5Y Dividends CAGR

SHM

18.73%

Winner

DBMF

51.19%

SHM vs DBMF - Historical Returns

Returns include dividend reinvestment.

Period	SHM	DBMF
1 month	+0.37%	-0.26%
3 months	-0.09%	+1.75%
6 months	+1.13%	+11.78%
1 year	+3.36%	+27.81%
5 years(CAGR)	+0.91%	+7.89%
10 years(CAGR)	+1.19%	N/A
Max(CAGR)	+1.80%	+9.16%

Winner

SHM

+0.37%

DBMF

-0.26%

SHM

-0.09%

Winner

DBMF

+1.75%

SHM

+1.13%

Winner

DBMF

+11.78%

SHM

+3.36%

Winner

DBMF

+27.81%

5Y(CAGR)

SHM

+0.91%

Winner

DBMF

+7.89%

10Y(CAGR)

SHM

+1.19%

DBMF

N/A

Max(CAGR)

SHM

+1.80%

Winner

DBMF

+9.16%

SHM vs DBMF - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SHM	DBMF
2026	+0.74%	+9.34%
2025	+3.86%	+13.02%
2024	+1.22%	+7.00%
2023	+2.81%	-8.72%
2022	-3.80%	+20.44%
2021	-0.37%	+11.21%
2020	+2.53%	+0.47%
2019	+3.60%	+10.68%
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 DBMF Drawdown Comparison

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

The maximum drawdown for DBMF was -20.44%, occurring on Mar 24, 2023. Recovery took 794 trading sessions.

The current SHM drawdown is -0.37%. The current DBMF drawdown is -2.42%.

Rank	SHM	DBMF
#1	-11.61% Mar 9, 2020 - May 19, 2020	-20.44% Oct 20, 2022 - Dec 19, 2025
#2	-6.97% Sep 23, 2008 - Dec 5, 2008	-10.43% Feb 20, 2020 - Feb 8, 2021
#3	-6.67% Aug 3, 2021 - Sep 5, 2024	-7.38% Jun 13, 2022 - Sep 21, 2022
#4	-3.50% Aug 31, 2010 - May 6, 2011	-6.73% Sep 4, 2019 - Jan 16, 2020
#5	-3.07% Feb 13, 2008 - Mar 18, 2008	-6.18% Nov 16, 2021 - Feb 11, 2022
#6	-2.70% Aug 22, 2016 - Aug 2, 2017	-6.10% Feb 27, 2026 - Jun 2, 2026
#7	-2.63% Apr 23, 2013 - Oct 23, 2013	-5.50% Jun 15, 2021 - Nov 9, 2021
#8	-2.07% Sep 5, 2017 - Jan 11, 2019	-4.75% Sep 27, 2022 - Oct 19, 2022
#9	-1.87% Feb 13, 2009 - Apr 16, 2009	-4.03% Mar 17, 2021 - Apr 19, 2021
#10	-1.75% Mar 18, 2008 - Aug 15, 2008	-3.89% May 6, 2022 - Jun 8, 2022
#11	-1.67% Sep 6, 2011 - Jan 11, 2012	-3.71% Jan 29, 2026 - Feb 9, 2026
#12	-1.67% Apr 4, 2025 - Jun 12, 2025	-3.55% Mar 8, 2022 - Mar 21, 2022
#13	-1.31% Oct 3, 2024 - Feb 25, 2025	-3.36% Feb 24, 2021 - Mar 11, 2021
#14	-1.24% Sep 17, 2008 - Sep 23, 2008	-2.86% May 2, 2022 - May 6, 2022
#15	-1.13% Feb 26, 2026 - Mar 24, 2026	-2.74% Mar 23, 2022 - Apr 5, 2022

Correlation

Correlation between SHM and DBMF is 0.32 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.32

-101

Dividend Comparison (2007 - 2026)

SHM vs DBMF dividend yield comparison.

Year	SHM	DBMF
2026	1.11%	0.39%
2025	2.61%	5.91%
2024	2.06%	5.75%
2023	1.15%	2.91%
2022	0.69%	7.72%
2021	0.86%	10.38%
2020	1.24%	0.86%
2019	1.40%	9.35%
2018	1.23%	0.00%
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%