SHM vs SMMD

Comparison between STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF) and ISHARES RUSSELL 2500 ETF (SMMD, ETF).

5-Year PerformanceSMMD has outperformed SHM, delivering a return of +8.5% compared to +0.9%

SHM vs SMMD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHM(ETF)	SMMD(ETF)
Net Assets	$3.50B	$3.60B
Expense Ratio	0.20%	0.15%
Max Drawdown	11.61%	41.06%
Sharpe Ratio	-1.46	1.54
5Y Beta	0.01	1.05
P/E Ratio	N/A	32.22
Forward P/E	N/A	16.68
5Y Dividends CAGR	18.61%	6.57%
Debt to Equity	N/A	171.87%
P/S Ratio	N/A	1.64
P/B Ratio	N/A	2.70

Net Assets

SHM

$3.50B

Winner

SMMD

$3.60B

Expense Ratio

SHM

0.20%

Winner

SMMD

0.15%

Max Drawdown

Winner

SHM

11.61%

SMMD

41.06%

Sharpe Ratio

SHM

-1.46

Winner

SMMD

1.54

5Y Beta

Winner

SHM

0.01

SMMD

1.05

P/E Ratio

SHM

N/A

SMMD

32.22

Forward P/E

SHM

N/A

SMMD

16.68

5Y Dividends CAGR

Winner

SHM

18.61%

SMMD

6.57%

Debt to Equity

SHM

N/A

SMMD

171.87%

P/S Ratio

SHM

N/A

SMMD

1.64

P/B Ratio

SHM

N/A

SMMD

2.70

SHM vs SMMD - Historical Returns

Returns include dividend reinvestment.

Period	SHM	SMMD
1 month	-0.28%	+0.55%
3 months	+0.37%	+4.98%
6 months	+0.01%	+13.50%
1 year	+1.85%	+34.07%
5 years(CAGR)	+0.88%	+8.49%
10 years(CAGR)	+1.14%	+11.32%
Max(CAGR)	+1.79%	+11.32%

SHM

-0.28%

Winner

SMMD

+0.55%

SHM

+0.37%

Winner

SMMD

+4.98%

SHM

+0.01%

Winner

SMMD

+13.50%

SHM

+1.85%

Winner

SMMD

+34.07%

5Y(CAGR)

SHM

+0.88%

Winner

SMMD

+8.49%

10Y(CAGR)

SHM

+1.14%

Winner

SMMD

+11.32%

Max(CAGR)

SHM

+1.79%

Winner

SMMD

+11.32%

SHM vs SMMD - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SHM	SMMD
2026	+0.85%	+21.06%
2025	+3.86%	+11.99%
2024	+1.22%	+12.70%
2023	+2.81%	+18.42%
2022	-3.80%	-18.93%
2021	-0.37%	+19.93%
2020	+2.53%	+20.08%
2019	+3.60%	+28.05%
2018	+1.42%	-8.79%
2017	+1.01%	+10.82%
2016	-0.49%	N/A
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 SMMD Drawdown Comparison

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

The maximum drawdown for SMMD was -41.06%, occurring on Mar 23, 2020. Recovery took 183 trading sessions.

The current SHM drawdown is -0.28%. The current SMMD drawdown is -0.80%.

Rank	SHM	SMMD
#1	-11.61% Mar 9, 2020 - May 19, 2020	-41.06% Feb 20, 2020 - Nov 9, 2020
#2	-6.97% Sep 23, 2008 - Dec 5, 2008	-28.24% Nov 8, 2021 - Jul 16, 2024
#3	-6.67% Aug 3, 2021 - Sep 5, 2024	-25.49% Nov 25, 2024 - Sep 5, 2025
#4	-3.50% Aug 31, 2010 - May 6, 2011	-25.07% Sep 6, 2018 - Nov 27, 2019
#5	-3.07% Feb 13, 2008 - Mar 18, 2008	-9.66% Feb 26, 2026 - Apr 13, 2026
#6	-2.70% Aug 22, 2016 - Aug 2, 2017	-8.98% Jan 29, 2018 - May 21, 2018
#7	-2.63% Apr 23, 2013 - Oct 23, 2013	-8.60% Jul 16, 2024 - Sep 19, 2024
#8	-2.07% Sep 5, 2017 - Jan 11, 2019	-7.49% Mar 15, 2021 - Apr 23, 2021
#9	-1.87% Feb 13, 2009 - Apr 16, 2009	-7.41% Oct 27, 2025 - Dec 4, 2025
#10	-1.75% Mar 18, 2008 - Aug 15, 2008	-7.11% Jun 25, 2021 - Sep 1, 2021
#11	-1.67% Sep 6, 2011 - Jan 11, 2012	-6.17% Apr 28, 2021 - Jun 8, 2021
#12	-1.67% Apr 4, 2025 - Jun 12, 2025	-5.78% Feb 24, 2021 - Mar 11, 2021
#13	-1.31% Oct 3, 2024 - Feb 25, 2025	-4.76% Sep 2, 2021 - Oct 21, 2021
#14	-1.24% Sep 17, 2008 - Sep 23, 2008	-4.71% Jan 20, 2021 - Feb 4, 2021
#15	-1.13% Feb 26, 2026 - Jul 6, 2026	-4.29% Jul 26, 2017 - Sep 18, 2017

Correlation

Correlation between SHM and SMMD is 0.82 which considered as a strong positive correlation - the stocks tend to move together.

0.82

-101

Dividend Comparison (2007 - 2026)

SHM vs SMMD dividend yield comparison.

Year	SHM	SMMD
2026	1.57%	0.45%
2025	2.61%	1.28%
2024	2.06%	1.27%
2023	1.15%	1.44%
2022	0.69%	1.79%
2021	0.86%	1.12%
2020	1.24%	1.31%
2019	1.40%	1.50%
2018	1.23%	2.45%
2017	1.06%	0.68%
2016	0.94%	0.00%
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%