SHM vs GSY
Comparison between STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF) and INVESCO ULTRA SHORT DURATION ETF (GSY, ETF).
5-Year PerformanceGSY has outperformed SHM, delivering a return of +3.7% compared to +0.9%
SHM vs GSY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SHM vs GSY - Historical Returns
Returns include dividend reinvestment.
SHM vs GSY - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | SHM | GSY |
|---|---|---|
| 2026 | +0.83% | +1.65% |
| 2025 | +3.86% | +4.98% |
| 2024 | +1.22% | +6.00% |
| 2023 | +2.81% | +6.03% |
| 2022 | -3.80% | +0.05% |
| 2021 | -0.37% | +0.03% |
| 2020 | +2.53% | +1.90% |
| 2019 | +3.60% | +3.34% |
| 2018 | +1.42% | +2.16% |
| 2017 | +1.01% | +1.88% |
| 2016 | -0.49% | +1.81% |
| 2015 | +1.13% | +1.00% |
| 2014 | +1.01% | +0.76% |
| 2013 | +1.27% | +1.37% |
| 2012 | +1.32% | +1.53% |
| 2011 | +3.76% | +0.09% |
| 2010 | +1.19% | -0.15% |
| 2009 | +4.28% | +0.06% |
| 2008 | +5.83% | +1.62% |
| 2007 | +1.61% | N/A |
SHM vs GSY Drawdown Comparison
The maximum drawdown for SHM was -11.61%, occurring on Mar 19, 2020. Recovery took 50 trading sessions.
The maximum drawdown for GSY was -12.14%, occurring on Dec 4, 2008. Recovery took 2158 trading sessions.
The current SHM drawdown is -0.28%.
| Rank | SHM | GSY |
|---|---|---|
| #1 | -11.61% Mar 9, 2020 - May 19, 2020 | -12.14% Dec 3, 2008 - Jun 30, 2017 |
| #2 | -6.97% Sep 23, 2008 - Dec 5, 2008 | -5.25% Mar 5, 2020 - May 27, 2020 |
| #3 | -6.67% Aug 3, 2021 - Sep 5, 2024 | -3.29% Nov 20, 2008 - Dec 3, 2008 |
| #4 | -3.50% Aug 31, 2010 - May 6, 2011 | -1.48% Sep 15, 2021 - Jan 9, 2023 |
| #5 | -3.07% Feb 13, 2008 - Mar 18, 2008 | -0.90% Aug 25, 2008 - Sep 24, 2008 |
| #6 | -2.70% Aug 22, 2016 - Aug 2, 2017 | -0.80% Sep 24, 2008 - Oct 30, 2008 |
| #7 | -2.63% Apr 23, 2013 - Oct 23, 2013 | -0.56% Apr 24, 2008 - May 8, 2008 |
| #8 | -2.07% Sep 5, 2017 - Jan 11, 2019 | -0.30% May 8, 2008 - May 14, 2008 |
| #9 | -1.87% Feb 13, 2009 - Apr 16, 2009 | -0.26% Jul 25, 2008 - Aug 25, 2008 |
| #10 | -1.75% Mar 18, 2008 - Aug 15, 2008 | -0.20% Mar 25, 2008 - Apr 24, 2008 |
| #11 | -1.67% Sep 6, 2011 - Jan 11, 2012 | -0.18% Feb 12, 2008 - Feb 28, 2008 |
| #12 | -1.67% Apr 4, 2025 - Jun 12, 2025 | -0.18% May 23, 2008 - Jun 24, 2008 |
| #13 | -1.31% Oct 3, 2024 - Feb 25, 2025 | -0.18% Jun 24, 2008 - Jul 25, 2008 |
| #14 | -1.24% Sep 17, 2008 - Sep 23, 2008 | -0.18% Apr 3, 2025 - Apr 17, 2025 |
| #15 | -1.13% Feb 26, 2026 - Mar 24, 2026 | -0.16% Mar 24, 2023 - Apr 3, 2023 |
Correlation
Correlation between SHM and GSY is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2007 - 2026)
SHM vs GSY dividend yield comparison.
| Year | SHM | GSY |
|---|---|---|
| 2026 | 1.11% | 1.74% |
| 2025 | 2.61% | 4.56% |
| 2024 | 2.06% | 5.31% |
| 2023 | 1.15% | 4.95% |
| 2022 | 0.69% | 1.70% |
| 2021 | 0.86% | 0.58% |
| 2020 | 1.24% | 1.45% |
| 2019 | 1.40% | 2.71% |
| 2018 | 1.23% | 2.30% |
| 2017 | 1.06% | 1.80% |
| 2016 | 0.94% | 1.21% |
| 2015 | 0.92% | 1.17% |
| 2014 | 0.93% | 1.29% |
| 2013 | 0.97% | 1.15% |
| 2012 | 1.40% | 0.72% |
| 2011 | 1.60% | 0.32% |
| 2010 | 1.91% | 0.01% |
| 2009 | 2.03% | 0.24% |
| 2008 | 2.59% | 1.81% |
| 2007 | 0.72% | 0.00% |
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