SHM vs FRDM
Comparison between STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF) and FREEDOM 100 EMERGING MARKETS ETF (FRDM, ETF).
5-Year PerformanceFRDM has outperformed SHM, delivering a return of +20.9% compared to +1.0%
SHM vs FRDM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SHM vs FRDM - Historical Returns
Returns include dividend reinvestment.
SHM vs FRDM - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | SHM | FRDM |
|---|---|---|
| 2026 | +0.96% | +45.26% |
| 2025 | +3.86% | +60.85% |
| 2024 | +1.22% | +3.76% |
| 2023 | +2.81% | +24.18% |
| 2022 | -3.80% | -15.18% |
| 2021 | -0.37% | +4.26% |
| 2020 | +2.53% | +15.00% |
| 2019 | +3.60% | +12.33% |
| 2018 | +1.42% | N/A |
| 2017 | +1.01% | N/A |
| 2016 | -0.57% | N/A |
| 2015 | +0.67% | N/A |
| 2014 | +0.55% | N/A |
| 2013 | +0.78% | N/A |
| 2012 | +0.62% | N/A |
| 2011 | +2.92% | N/A |
| 2010 | +0.24% | N/A |
| 2009 | +3.22% | N/A |
| 2008 | +4.44% | N/A |
| 2007 | +1.25% | N/A |
SHM vs FRDM Drawdown Comparison
The maximum drawdown for SHM was -11.61%, occurring on Mar 19, 2020. Recovery took 50 trading sessions.
The maximum drawdown for FRDM was -40.49%, occurring on Mar 23, 2020. Recovery took 211 trading sessions.
The current SHM drawdown is -0.16%.
| Rank | SHM | FRDM |
|---|---|---|
| #1 | -11.61% Mar 9, 2020 - May 19, 2020 | -40.49% Jan 13, 2020 - Nov 11, 2020 |
| #2 | -7.08% Sep 23, 2008 - Dec 23, 2008 | -29.25% Jan 12, 2022 - Dec 27, 2023 |
| #3 | -6.67% Aug 3, 2021 - Sep 5, 2024 | -16.86% Feb 25, 2026 - Apr 17, 2026 |
| #4 | -3.94% Aug 31, 2010 - Jun 24, 2011 | -15.43% Sep 26, 2024 - May 2, 2025 |
| #5 | -3.07% Feb 13, 2008 - Mar 18, 2008 | -13.73% Jul 12, 2024 - Sep 26, 2024 |
| #6 | -2.82% Sep 27, 2012 - Jan 13, 2014 | -10.78% Jun 2, 2026 - Jun 18, 2026 |
| #7 | -2.70% Aug 22, 2016 - Aug 2, 2017 | -10.39% Jul 1, 2019 - Nov 4, 2019 |
| #8 | -2.12% Mar 18, 2008 - Sep 17, 2008 | -9.14% Dec 27, 2023 - Mar 7, 2024 |
| #9 | -2.07% Sep 5, 2017 - Jan 11, 2019 | -8.54% Sep 3, 2021 - Jan 12, 2022 |
| #10 | -1.97% Feb 13, 2009 - Jul 10, 2009 | -7.16% Apr 9, 2024 - May 9, 2024 |
| #11 | -1.74% Sep 6, 2011 - Jan 23, 2012 | -6.75% Feb 16, 2021 - Jun 2, 2021 |
| #12 | -1.67% Apr 4, 2025 - Jun 12, 2025 | -6.39% Nov 7, 2019 - Dec 16, 2019 |
| #13 | -1.31% Oct 3, 2024 - Feb 25, 2025 | -6.26% Nov 3, 2025 - Dec 9, 2025 |
| #14 | -1.27% Feb 4, 2015 - Oct 13, 2015 | -6.14% May 11, 2026 - May 26, 2026 |
| #15 | -1.24% Sep 17, 2008 - Sep 23, 2008 | -5.80% Jan 21, 2021 - Feb 11, 2021 |
Correlation
Correlation between SHM and FRDM is 0.77 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2007 - 2026)
SHM vs FRDM dividend yield comparison.
| Year | SHM | FRDM |
|---|---|---|
| 2026 | 1.11% | 0.30% |
| 2025 | 2.61% | 2.26% |
| 2024 | 2.06% | 2.53% |
| 2023 | 1.15% | 2.66% |
| 2022 | 0.69% | 2.72% |
| 2021 | 0.86% | 2.17% |
| 2020 | 1.24% | 1.11% |
| 2019 | 1.40% | 1.07% |
| 2018 | 1.23% | 0.00% |
| 2017 | 1.06% | 0.00% |
| 2016 | 0.85% | 0.00% |
| 2015 | 0.46% | 0.00% |
| 2014 | 0.46% | 0.00% |
| 2013 | 0.49% | 0.00% |
| 2012 | 0.70% | 0.00% |
| 2011 | 0.80% | 0.00% |
| 2010 | 0.96% | 0.00% |
| 2009 | 1.01% | 0.00% |
| 2008 | 1.29% | 0.00% |
| 2007 | 0.36% | 0.00% |
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