SHM vs EUFN

Comparison between STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF) and ISHARES MSCI EUROPE FINANCIALS ETF (EUFN, ETF).

5-Year PerformanceEUFN has outperformed SHM, delivering a return of +20.2% compared to +1.0%

SHM vs EUFN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHM(ETF)	EUFN(ETF)
Net Assets	$3.50B	$3.60B
Expense Ratio	0.20%	0.49%
Max Drawdown	11.61%	59.14%
Sharpe Ratio	-0.38	1.34
5Y Beta	0.01	0.81
5Y Dividends CAGR	18.73%	30.11%

Net Assets

SHM

$3.50B

Winner

EUFN

$3.60B

Expense Ratio

Winner

SHM

0.20%

EUFN

0.49%

Max Drawdown

Winner

SHM

11.61%

EUFN

59.14%

Sharpe Ratio

SHM

-0.38

Winner

EUFN

1.34

5Y Beta

Winner

SHM

0.01

EUFN

0.81

5Y Dividends CAGR

SHM

18.73%

Winner

EUFN

30.11%

SHM vs EUFN - Historical Returns

Returns include dividend reinvestment.

Period	SHM	EUFN
1 month	+0.71%	+5.59%
3 months	+0.40%	+16.62%
6 months	+1.21%	+9.27%
1 year	+3.33%	+32.37%
5 years(CAGR)	+0.95%	+20.19%
10 years(CAGR)	+1.18%	+13.31%
Max(CAGR)	+1.44%	+7.36%

SHM

+0.71%

Winner

EUFN

+5.59%

SHM

+0.40%

Winner

EUFN

+16.62%

SHM

+1.21%

Winner

EUFN

+9.27%

SHM

+3.33%

Winner

EUFN

+32.37%

5Y(CAGR)

SHM

+0.95%

Winner

EUFN

+20.19%

10Y(CAGR)

SHM

+1.18%

Winner

EUFN

+13.31%

Max(CAGR)

SHM

+1.44%

Winner

EUFN

+7.36%

SHM vs EUFN - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SHM	EUFN
2026	+0.96%	+6.27%
2025	+3.86%	+67.60%
2024	+1.22%	+18.14%
2023	+2.81%	+24.26%
2022	-3.80%	-9.61%
2021	-0.37%	+19.77%
2020	+2.53%	-9.99%
2019	+3.60%	+21.29%
2018	+1.42%	-23.77%
2017	+1.01%	+24.49%
2016	-0.57%	-0.66%
2015	+0.67%	-4.80%
2014	+0.55%	-7.21%
2013	+0.78%	+26.80%
2012	+0.62%	+31.10%
2011	+2.92%	-27.56%
2010	+0.24%	-3.91%
2009	+3.22%	N/A
2008	+4.44%	N/A
2007	+1.25%	N/A

SHM vs EUFN Drawdown Comparison

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

The maximum drawdown for EUFN was -53.26%, occurring on Mar 18, 2020. Recovery took 1472 trading sessions.

The current SHM drawdown is -0.16%. The current EUFN drawdown is -0.21%.

Rank	SHM	EUFN
#1	-11.61% Mar 9, 2020 - May 19, 2020	-53.26% Jan 26, 2018 - Dec 1, 2023
#2	-7.08% Sep 23, 2008 - Dec 23, 2008	-43.38% Apr 29, 2011 - Sep 18, 2013
#3	-6.67% Aug 3, 2021 - Sep 5, 2024	-39.47% Jun 6, 2014 - Aug 1, 2017
#4	-3.94% Aug 31, 2010 - Jun 24, 2011	-27.21% Apr 13, 2010 - Nov 4, 2010
#5	-3.07% Feb 13, 2008 - Mar 18, 2008	-17.18% Nov 4, 2010 - Feb 1, 2011
#6	-2.82% Sep 27, 2012 - Jan 13, 2014	-15.95% Mar 18, 2025 - Apr 24, 2025
#7	-2.70% Aug 22, 2016 - Aug 2, 2017	-14.77% Feb 2, 2026 - Apr 17, 2026
#8	-2.12% Mar 18, 2008 - Sep 17, 2008	-11.87% Feb 17, 2011 - Apr 27, 2011
#9	-2.07% Sep 5, 2017 - Jan 11, 2019	-9.82% Jan 15, 2014 - Jun 5, 2014
#10	-1.97% Feb 13, 2009 - Jul 10, 2009	-9.16% Feb 3, 2010 - Mar 19, 2010
#11	-1.74% Sep 6, 2011 - Jan 23, 2012	-8.12% Jun 3, 2024 - Aug 19, 2024
#12	-1.67% Apr 4, 2025 - Jun 12, 2025	-6.88% Sep 26, 2024 - Jan 21, 2025
#13	-1.31% Oct 3, 2024 - Feb 25, 2025	-6.81% Nov 12, 2025 - Dec 10, 2025
#14	-1.27% Feb 4, 2015 - Oct 13, 2015	-6.20% Oct 22, 2013 - Dec 26, 2013
#15	-1.24% Sep 17, 2008 - Sep 23, 2008	-5.94% Aug 7, 2017 - Jan 2, 2018

Correlation

Correlation between SHM and EUFN is 0.73 which considered as a strong positive correlation - the stocks tend to move together.

0.73

-101

Dividend Comparison (2007 - 2026)

SHM vs EUFN dividend yield comparison.

Year	SHM	EUFN
2026	1.11%	2.94%
2025	2.61%	3.57%
2024	2.06%	5.36%
2023	1.15%	5.00%
2022	0.69%	4.24%
2021	0.86%	4.15%
2020	1.24%	1.38%
2019	1.40%	4.55%
2018	1.23%	6.48%
2017	1.06%	3.04%
2016	0.85%	4.03%
2015	0.46%	3.65%
2014	0.46%	3.35%
2013	0.49%	1.59%
2012	0.70%	2.91%
2011	0.80%	3.88%
2010	0.96%	1.80%
2009	1.01%	0.00%
2008	1.29%	0.00%
2007	0.36%	0.00%