Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF (SHM)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
07/30/2025: SHM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 3.76% | Avg. Invested days 35 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/30/2025 |
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. It focuses on short-term investment-grade municipal bonds, aiming to provide current income exempt from federal income tax.
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 significant expertise in managing fixed-income ETFs, leveraging a dedicated team of investment professionals.
Investment Objective
Goal
The ETF's primary goal is to provide current income that is exempt from federal income tax while maintaining a relatively low level of volatility.
Investment Approach and Strategy
Strategy: The ETF tracks the Bloomberg Short Term U.S. Municipal Bond Index, employing a passive investment strategy.
Composition The ETF holds a portfolio of short-term, investment-grade municipal bonds.
Market Position
Market Share: Data unavailable to compute accurate market share.
Total Net Assets (AUM): 4400000000
Competitors
Key Competitors
- Invesco VRDO Tax-Free Weekly ETF (PVI)
- iShares Short-Term National Muni Bond ETF (SUB)
- Vanguard Tax-Exempt Bond ETF (VTEB)
Competitive Landscape
The short-term municipal bond ETF market is competitive, with several established players. SHM's advantage lies in its established brand and low expense ratio. A potential disadvantage is the fund's tracking error compared to other similar ETFs. PVI and SUB are leading competitors and can be alternatives for those investors who want to optimize their portfolio with better tracking.
Financial Performance
Historical Performance: Historical performance data is not available here, but it is suggested to consult official fund data to obtain figures over the past 1, 3, 5, and 10 years if available.
Benchmark Comparison: Comparison with the Bloomberg Short Term U.S. Municipal Bond Index would be required to assess effectiveness.
Expense Ratio: 0.12
Liquidity
Average Trading Volume
The ETF typically exhibits moderate to high trading volume, indicating good liquidity.
Bid-Ask Spread
The bid-ask spread is generally tight, reflecting the ETF's liquidity and efficient trading.
Market Dynamics
Market Environment Factors
Economic indicators like interest rates, inflation, and tax policy changes significantly affect municipal bond yields and the ETF's performance. Also, the broader economic outlook and the creditworthiness of municipalities affect market dynamics.
Growth Trajectory
Growth trends depend on interest rate policy, tax law changes, and investor demand for tax-exempt income. As interest rates increase, the ETF's appeal to investors would decrease, which would affect holding sizes.
Moat and Competitive Advantages
Competitive Edge
SHM's primary advantage stems from its affiliation with State Street Global Advisors, a well-known and trusted asset manager. Its focus on short-term municipal bonds provides a lower-risk profile within the municipal bond market. The ETF's strategy of tracking a well-established index ensures a consistent and transparent investment approach. SHM provides investors with tax-exempt income, which is attractive to individuals in higher tax brackets.
Risk Analysis
Volatility
The ETF exhibits relatively low volatility due to its focus on short-term, investment-grade bonds.
Market Risk
Market risks include interest rate risk (rising rates can decrease bond values), credit risk (risk of default by municipal issuers), and inflation risk (erosion of purchasing power).
Investor Profile
Ideal Investor Profile
The ideal investor is a risk-averse individual seeking tax-exempt income and capital preservation.
Market Risk
The ETF is best suited for long-term investors seeking a stable, tax-advantaged income stream.
Summary
SHM is a short-term municipal bond ETF that seeks to provide tax-exempt income while minimizing risk. It's managed by SSGA and tracks a well-known index. SHM is a good choice for risk-averse investors seeking a reliable income stream. It is susceptible to changes in interest rates and credit risk. It is important to evaluate expense ratios and the trading fees before investing in SHM.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA) Website
- Bloomberg
- Various Financial News Outlets
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investors should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. Market share data may be approximate due to availability constraints.
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.