SHM vs HYLB

Comparison between STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF) and XTRACKERS USD HIGH YIELD CORPORATE BOND ETF (HYLB, ETF).

5-Year PerformanceHYLB has outperformed SHM, delivering a return of +4.0% compared to +0.9%

SHM vs HYLB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHM(ETF)	HYLB(ETF)
Net Assets	$3.40B	$3.40B
Expense Ratio	0.20%	0.05%
Max Drawdown	11.61%	24.69%
Sharpe Ratio	-0.26	0.68
5Y Beta	0.01	0.23
5Y Dividends CAGR	18.73%	3.73%

Net Assets

SHM

$3.40B

HYLB

$3.40B

Expense Ratio

SHM

0.20%

Winner

HYLB

0.05%

Max Drawdown

Winner

SHM

11.61%

HYLB

24.69%

Sharpe Ratio

SHM

-0.26

Winner

HYLB

0.68

5Y Beta

Winner

SHM

0.01

HYLB

0.23

5Y Dividends CAGR

Winner

SHM

18.73%

HYLB

3.73%

SHM vs HYLB - Historical Returns

Returns include dividend reinvestment.

Period	SHM	HYLB
1 month	+0.37%	-0.11%
3 months	-0.09%	+0.76%
6 months	+1.13%	+1.58%
1 year	+3.36%	+6.46%
5 years(CAGR)	+0.91%	+3.96%
10 years(CAGR)	+1.19%	+4.70%
Max(CAGR)	+1.80%	+4.70%

Winner

SHM

+0.37%

HYLB

-0.11%

SHM

-0.09%

Winner

HYLB

+0.76%

SHM

+1.13%

Winner

HYLB

+1.58%

SHM

+3.36%

Winner

HYLB

+6.46%

5Y(CAGR)

SHM

+0.91%

Winner

HYLB

+3.96%

10Y(CAGR)

SHM

+1.19%

Winner

HYLB

+4.70%

Max(CAGR)

SHM

+1.80%

Winner

HYLB

+4.70%

SHM vs HYLB - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SHM	HYLB
2026	+0.74%	+1.11%
2025	+3.86%	+8.50%
2024	+1.22%	+8.54%
2023	+2.81%	+11.78%
2022	-3.80%	-10.78%
2021	-0.37%	+4.10%
2020	+2.53%	+4.63%
2019	+3.60%	+14.30%
2018	+1.42%	-1.98%
2017	+1.01%	+5.57%
2016	-0.49%	+0.34%
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 HYLB Drawdown Comparison

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

The maximum drawdown for HYLB was -22.91%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.

The current SHM drawdown is -0.37%. The current HYLB drawdown is -0.55%.

Rank	SHM	HYLB
#1	-11.61% Mar 9, 2020 - May 19, 2020	-22.91% Feb 14, 2020 - Oct 12, 2020
#2	-6.97% Sep 23, 2008 - Dec 5, 2008	-15.54% Dec 27, 2021 - Dec 27, 2023
#3	-6.67% Aug 3, 2021 - Sep 5, 2024	-6.07% Oct 1, 2018 - Jan 31, 2019
#4	-3.50% Aug 31, 2010 - May 6, 2011	-4.51% Feb 28, 2025 - May 12, 2025
#5	-3.07% Feb 13, 2008 - Mar 18, 2008	-2.87% Jan 5, 2018 - Jul 25, 2018
#6	-2.70% Aug 22, 2016 - Aug 2, 2017	-2.38% Mar 2, 2017 - Apr 25, 2017
#7	-2.63% Apr 23, 2013 - Oct 23, 2013	-2.35% Nov 5, 2021 - Dec 23, 2021
#8	-2.07% Sep 5, 2017 - Jan 11, 2019	-2.28% Mar 27, 2024 - May 6, 2024
#9	-1.87% Feb 13, 2009 - Apr 16, 2009	-2.27% Feb 20, 2026 - Apr 8, 2026
#10	-1.75% Mar 18, 2008 - Aug 15, 2008	-2.15% Oct 12, 2020 - Nov 4, 2020
#11	-1.67% Sep 6, 2011 - Jan 11, 2012	-1.93% Feb 12, 2021 - Apr 6, 2021
#12	-1.67% Apr 4, 2025 - Jun 12, 2025	-1.89% Apr 26, 2019 - Jun 10, 2019
#13	-1.31% Oct 3, 2024 - Feb 25, 2025	-1.87% Oct 23, 2017 - Jan 3, 2018
#14	-1.24% Sep 17, 2008 - Sep 23, 2008	-1.74% Dec 6, 2024 - Jan 17, 2025
#15	-1.13% Feb 26, 2026 - Mar 24, 2026	-1.60% Jul 3, 2019 - Aug 26, 2019

Correlation

Correlation between SHM and HYLB is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2007 - 2026)

SHM vs HYLB dividend yield comparison.

Year	SHM	HYLB
2026	1.11%	2.72%
2025	2.61%	6.29%
2024	2.06%	6.31%
2023	1.15%	5.84%
2022	0.69%	5.53%
2021	0.86%	4.45%
2020	1.24%	5.23%
2019	1.40%	5.71%
2018	1.23%	5.95%
2017	1.06%	5.85%
2016	0.94%	0.27%
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%