SHM vs NEA

Comparison between SPDR Nuveen Bloomberg Short Term Municipal Bond ETF (SHM, ETF) and Nuveen AMT-Free Quality Municipal Income Fund (NEA, ETF).

5-Year PerformanceSHM has outperformed NEA, delivering a return of +0.9% compared to +0.4%

SHM vs NEA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHM(ETF)	NEA(ETF)
Net Assets	$3.40B	$3.40B
Expense Ratio	0.20%	N/A
Max Drawdown	11.61%	48.25%
Sharpe Ratio	0.01	0.91
5Y Beta	0.01	0.23
5Y Dividends CAGR	19.21%	5.60%

Net Assets

SHM

$3.40B

NEA

$3.40B

Expense Ratio

SHM

0.20%

NEA

N/A

Max Drawdown

Winner

SHM

11.61%

NEA

48.25%

Sharpe Ratio

SHM

0.01

Winner

NEA

0.91

5Y Beta

Winner

SHM

0.01

NEA

0.23

5Y Dividends CAGR

Winner

SHM

19.21%

NEA

5.60%

SHM vs NEA - Historical Returns

Returns include dividend reinvestment.

Period	SHM	NEA
1 month	-0.05%	+1.64%
3 months	-0.37%	+0.73%
6 months	+1.05%	+5.01%
1 year	+3.75%	+13.91%
5 years(CAGR)	+0.87%	+0.39%
10 years(CAGR)	+1.15%	+3.04%
Max(CAGR)	+1.79%	+4.59%

SHM

-0.05%

Winner

NEA

+1.64%

SHM

-0.37%

Winner

NEA

+0.73%

SHM

+1.05%

Winner

NEA

+5.01%

SHM

+3.75%

Winner

NEA

+13.91%

5Y(CAGR)

Winner

SHM

+0.87%

NEA

+0.39%

10Y(CAGR)

SHM

+1.15%

Winner

NEA

+3.04%

Max(CAGR)

SHM

+1.79%

Winner

NEA

+4.59%

SHM vs NEA - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	SHM	NEA
2026	+0.45%	+2.27%
2025	+3.86%	+10.42%
2024	+1.22%	+9.00%
2023	+2.81%	-0.58%
2022	-3.80%	-23.00%
2021	-0.37%	+8.45%
2020	+2.53%	+10.47%
2019	+3.60%	+20.56%
2018	+1.42%	-5.87%
2017	+1.01%	+9.35%
2016	-0.49%	+1.99%
2015	+1.13%	+6.25%
2014	+1.01%	+21.40%
2013	+1.27%	-16.42%
2012	+1.32%	+6.78%
2011	+3.76%	+17.35%
2010	+1.19%	+1.80%
2009	+4.28%	+34.36%
2008	+5.83%	-24.81%
2007	+1.61%	+5.52%
2006	N/A	+11.55%
2005	N/A	+4.15%
2004	N/A	-4.83%
2003	N/A	+8.59%
2002	N/A	+0.07%

SHM vs NEA Drawdown Comparison

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

The maximum drawdown for NEA was -43.81%, occurring on Oct 10, 2008. Recovery took 405 trading sessions.

The current SHM drawdown is -0.65%. The current NEA drawdown is -4.75%.

Rank	SHM	NEA
#1	-11.61% Mar 9, 2020 - May 19, 2020	-43.81% Feb 12, 2008 - Sep 21, 2009
#2	-6.97% Sep 23, 2008 - Dec 5, 2008	-36.56% Sep 15, 2021 - Oct 23, 2023
#3	-6.67% Aug 3, 2021 - Sep 5, 2024	-25.03% Mar 6, 2020 - Aug 10, 2020
#4	-3.50% Aug 31, 2010 - May 6, 2011	-23.18% Nov 30, 2012 - Jan 7, 2015
#5	-3.07% Feb 13, 2008 - Mar 18, 2008	-18.08% Sep 10, 2010 - Dec 2, 2011
#6	-2.70% Aug 22, 2016 - Aug 2, 2017	-16.44% Mar 5, 2004 - Jun 29, 2005
#7	-2.63% Apr 23, 2013 - Oct 23, 2013	-12.37% Jul 8, 2016 - Mar 7, 2019
#8	-2.07% Sep 5, 2017 - Jan 11, 2019	-12.29% Feb 12, 2007 - Jan 15, 2008
#9	-1.87% Feb 13, 2009 - Apr 16, 2009	-10.90% Jul 28, 2005 - Jul 12, 2006
#10	-1.75% Mar 18, 2008 - Aug 15, 2008	-10.61% Jul 14, 2003 - Dec 31, 2003
#11	-1.67% Sep 6, 2011 - Jan 11, 2012	-9.23% Feb 2, 2015 - Dec 24, 2015
#12	-1.67% Apr 4, 2025 - Jun 12, 2025	-9.15% Oct 7, 2009 - Feb 2, 2010
#13	-1.31% Oct 3, 2024 - Feb 25, 2025	-6.54% Mar 12, 2012 - May 16, 2012
#14	-1.24% Sep 17, 2008 - Sep 23, 2008	-4.92% Jan 27, 2021 - Apr 13, 2021
#15	-1.13% Feb 26, 2026 - Mar 24, 2026	-4.73% Nov 30, 2006 - Feb 12, 2007

Correlation

Correlation between SHM and NEA is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2003 - 2026)

SHM vs NEA dividend yield comparison.

Year	SHM	NEA
2026	0.89%	2.34%
2025	2.61%	7.36%
2024	2.06%	6.63%
2023	1.15%	3.95%
2022	0.69%	5.49%
2021	0.86%	4.50%
2020	1.24%	4.45%
2019	1.40%	4.46%
2018	1.23%	5.40%
2017	1.06%	5.33%
2016	0.94%	5.70%
2015	0.92%	5.71%
2014	0.93%	5.95%
2013	0.97%	6.24%
2012	1.40%	5.65%
2011	1.60%	5.64%
2010	1.91%	6.09%
2009	2.03%	5.37%
2008	2.59%	6.81%
2007	0.72%	4.93%
2006	0.00%	5.10%
2005	0.00%	5.93%
2004	0.00%	6.81%
2003	0.00%	6.11%