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SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF (SHM)
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Upturn Advisory Summary
11/11/2025: SHM (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 4.82% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/11/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.46 | 52 Weeks Range 46.02 - 47.82 | Updated Date 06/29/2025 |
52 Weeks Range 46.02 - 47.82 | Updated Date 06/29/2025 |
Upturn AI SWOT
SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF
ETF Overview
Overview
The SPDRu00ae Nuveen Bloomberg Short Term Municipal Bond ETF (SHM) seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Short Term U.S. Municipal Bond Index. The fund invests in short-term municipal bonds, aiming for tax-exempt income.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable ETF provider with a long track record.
Management Expertise
SSGA has extensive experience in managing fixed-income ETFs and a dedicated team of portfolio managers.
Investment Objective
Goal
The fund seeks to track the performance of the Bloomberg Short Term U.S. Municipal Bond Index.
Investment Approach and Strategy
Strategy: Tracks the Bloomberg Short Term U.S. Municipal Bond Index.
Composition Primarily holds short-term municipal bonds.
Market Position
Market Share: Data Unavailable
Total Net Assets (AUM): 3843000000
Competitors
Key Competitors
- MUB
- HYD
- SUB
Competitive Landscape
The short-term municipal bond ETF market is competitive, with several established players. SHM competes on expense ratio, tracking error, and liquidity. Advantages may include SSGA's brand and distribution network. Disadvantages compared to larger ETFs like MUB may include lower trading volume.
Financial Performance
Historical Performance: Historical performance data is readily available from the ETF provider and financial data websites.
Benchmark Comparison: Performance should be compared to the Bloomberg Short Term U.S. Municipal Bond Index.
Expense Ratio: 0.12
Liquidity
Average Trading Volume
The ETF exhibits moderate liquidity based on average trading volume.
Bid-Ask Spread
The bid-ask spread is generally tight for SHM, reflecting good liquidity.
Market Dynamics
Market Environment Factors
Economic indicators, interest rate movements, and tax policy changes affect SHM's performance.
Growth Trajectory
Growth depends on investor demand for tax-exempt income and short-term fixed-income exposure. Strategy and holdings remain relatively consistent.
Moat and Competitive Advantages
Competitive Edge
SHM benefits from SSGA's brand recognition and distribution network. Its focus on short-term municipal bonds provides a specific niche within the fixed-income market. The relatively low expense ratio enhances its competitiveness. The fund offers investors a convenient way to access a diversified portfolio of short-term municipal bonds, potentially providing tax-exempt income and lower interest rate risk compared to longer-term bonds.
Risk Analysis
Volatility
Volatility is relatively low due to the short-term nature of the underlying bonds.
Market Risk
Market risk includes interest rate risk, credit risk, and liquidity risk, although the short-term nature mitigates some of these risks.
Investor Profile
Ideal Investor Profile
Ideal investors include those seeking tax-exempt income, lower interest rate risk, and a stable investment. Suitable for risk-averse investors.
Market Risk
Best for long-term investors or those seeking a stable fixed-income component in their portfolio.
Summary
The SPDRu00ae Nuveen Bloomberg Short Term Municipal Bond ETF (SHM) offers exposure to short-term municipal bonds, providing tax-exempt income with lower interest rate risk. SSGA's management and the fund's competitive expense ratio are attractive features. Investors seeking stability and tax benefits may find this ETF suitable. However, returns are likely to be moderate compared to riskier asset classes, but the limited volatility makes it an appropriate choice for those seeking to preserve capital.
Similar ETFs
Sources and Disclaimers
Data Sources:
- SSGA Website
- Bloomberg
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market share data was unavailable and marked as such.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is a rules-based, market-capitalization weighted index engineered for the tax-exempt bond market.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.