SHM vs IBDR

Comparison between STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF) and ISHARES IBONDS DEC 2026 TERM CORPORATE ETF (IBDR, ETF).

5-Year PerformanceIBDR has outperformed SHM, delivering a return of +1.5% compared to +0.9%

SHM vs IBDR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHM(ETF)	IBDR(ETF)
Net Assets	$3.50B	$3.50B
Expense Ratio	0.20%	0.10%
Max Drawdown	11.61%	16.31%
Sharpe Ratio	-0.92	0.64
5Y Beta	0.01	0.01
5Y Dividends CAGR	19.48%	9.73%

Net Assets

SHM

$3.50B

IBDR

$3.50B

Expense Ratio

SHM

0.20%

Winner

IBDR

0.10%

Max Drawdown

Winner

SHM

11.61%

IBDR

16.31%

Sharpe Ratio

SHM

-0.92

Winner

IBDR

0.64

5Y Beta

Winner

SHM

0.01

IBDR

0.01

5Y Dividends CAGR

Winner

SHM

19.48%

IBDR

9.73%

SHM vs IBDR - Historical Returns

Returns include dividend reinvestment.

Period	SHM	IBDR
1 month	-0.03%	+0.33%
3 months	+0.33%	+1.04%
6 months	+0.44%	+1.86%
1 year	+2.43%	+4.32%
5 years(CAGR)	+0.91%	+1.53%
10 years(CAGR)	+1.15%	+2.98%
Max(CAGR)	+1.79%	+2.98%

SHM

-0.03%

Winner

IBDR

+0.33%

SHM

+0.33%

Winner

IBDR

+1.04%

SHM

+0.44%

Winner

IBDR

+1.86%

SHM

+2.43%

Winner

IBDR

+4.32%

5Y(CAGR)

SHM

+0.91%

Winner

IBDR

+1.53%

10Y(CAGR)

SHM

+1.15%

Winner

IBDR

+2.98%

Max(CAGR)

SHM

+1.79%

Winner

IBDR

+2.98%

SHM vs IBDR - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SHM	IBDR
2026	+0.86%	+1.94%
2025	+3.86%	+5.03%
2024	+1.22%	+5.25%
2023	+2.81%	+5.78%
2022	-3.80%	-7.96%
2021	-0.37%	-1.68%
2020	+2.53%	+9.14%
2019	+3.60%	+14.17%
2018	+1.42%	-2.45%
2017	+1.01%	+5.53%
2016	-0.49%	-3.34%
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 IBDR Drawdown Comparison

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

The maximum drawdown for IBDR was -16.06%, occurring on Mar 20, 2020. Recovery took 62 trading sessions.

The current SHM drawdown is -0.27%.

Rank	SHM	IBDR
#1	-11.61% Mar 9, 2020 - May 19, 2020	-16.06% Mar 4, 2020 - Jun 2, 2020
#2	-6.97% Sep 23, 2008 - Dec 5, 2008	-13.13% Dec 31, 2020 - Dec 6, 2024
#3	-6.67% Aug 3, 2021 - Sep 5, 2024	-6.23% Sep 26, 2016 - Aug 3, 2017
#4	-3.50% Aug 31, 2010 - May 6, 2011	-5.01% Sep 7, 2017 - Jan 31, 2019
#5	-3.07% Feb 13, 2008 - Mar 18, 2008	-2.03% Aug 28, 2019 - Oct 3, 2019
#6	-2.70% Aug 22, 2016 - Aug 2, 2017	-1.19% Oct 31, 2019 - Nov 26, 2019
#7	-2.63% Apr 23, 2013 - Oct 23, 2013	-1.19% Jul 3, 2019 - Aug 1, 2019
#8	-2.07% Sep 5, 2017 - Jan 11, 2019	-0.95% Aug 6, 2020 - Nov 4, 2020
#9	-1.87% Feb 13, 2009 - Apr 16, 2009	-0.86% Oct 3, 2019 - Oct 31, 2019
#10	-1.75% Mar 18, 2008 - Aug 15, 2008	-0.70% Feb 26, 2019 - Mar 7, 2019
#11	-1.67% Sep 6, 2011 - Jan 11, 2012	-0.67% Jun 16, 2020 - Jul 2, 2020
#12	-1.67% Apr 4, 2025 - Jun 12, 2025	-0.64% Jun 10, 2020 - Jun 15, 2020
#13	-1.31% Oct 3, 2024 - Feb 25, 2025	-0.62% Apr 10, 2019 - Apr 24, 2019
#14	-1.24% Sep 17, 2008 - Sep 23, 2008	-0.61% Aug 3, 2017 - Aug 23, 2017
#15	-1.13% Feb 26, 2026 - Jul 6, 2026	-0.57% Apr 26, 2019 - May 7, 2019

Correlation

Correlation between SHM and IBDR is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2007 - 2026)

SHM vs IBDR dividend yield comparison.

Year	SHM	IBDR
2026	1.34%	2.01%
2025	2.61%	4.20%
2024	2.06%	4.13%
2023	1.15%	3.41%
2022	0.69%	2.44%
2021	0.86%	2.11%
2020	1.24%	2.61%
2019	1.40%	3.25%
2018	1.23%	3.56%
2017	1.06%	3.22%
2016	0.94%	0.86%
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%