SHM Performance — State Street(R) SPDR Nuveen ICE Short Term Municipal Bond ETF
Data updated: 2026-09-11
SHM returned +1.08% year to date and +2.90% over one year to Jun 2026. Annualised returns are +2.87% over 3 years and +0.98% over 5 years. The fund trailed its Short-Term Municipal Bond category average: $100 invested three years ago grew to $109, against $111 for the category, and to $103 over one year, against $104. Volatility over the past three years was 2.43% a year. In the 12 months to Jun 2026 the fund took in a net $52.7M, and assets reached $3.47B.
SHM Growth of $100
What $100 invested in State Street(R) SPDR Nuveen ICE Short Term Municipal Bond ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | SHM | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $104 |
| 3 years (Jul 2023 – Jun 2026) | $109 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $105 | $108 |
| Since data start (Jul 2019 – Jun 2026) | $109 | $113 |
SHM Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.08% |
| 1 year | +2.90% |
| 3 years (annualised) | +2.87% |
| 5 years (annualised) | +0.98% |
SHM Annual Returns
Calendar-year total returns of State Street(R) SPDR Nuveen ICE Short Term Municipal Bond ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.08% |
| 2025 | +3.76% |
| 2024 | +1.23% |
| 2023 | +3.00% |
| 2022 | −3.79% |
| 2021 | −0.29% |
| 2020 | +2.69% |
| 2019 (Jul–Dec) | +1.07% |
SHM Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +0.5% | −1.0% | +0.3% | +0.2% | +0.4% | — | — | — | — | — | — |
| 2025 | +0.5% | +0.5% | −0.3% | −0.3% | +0.7% | +0.7% | +0.6% | +0.6% | +0.2% | −0.1% | +0.2% | +0.3% |
| 2024 | −0.2% | +0.1% | −0.3% | −0.6% | −0.4% | +0.9% | +0.9% | +1.1% | +0.5% | −0.8% | +0.5% | −0.5% |
| 2023 | +1.4% | −1.8% | +1.8% | −0.7% | −0.7% | +0.6% | +0.1% | −0.2% | −1.1% | +0.1% | +2.7% | +1.1% |
| 2022 | −1.8% | −0.3% | −1.6% | −1.1% | +1.2% | −0.1% | +1.2% | −1.6% | −1.9% | 0.0% | +2.0% | +0.2% |
| 2021 | +0.1% | −0.6% | +0.1% | +0.2% | 0.0% | 0.0% | +0.3% | −0.1% | −0.4% | −0.1% | +0.1% | 0.0% |
| 2020 | +0.7% | +0.3% | −1.2% | +0.1% | +2.2% | 0.0% | +0.5% | −0.1% | +0.1% | −0.2% | +0.3% | +0.1% |
| 2019 | — | — | — | — | — | — | +0.7% | +0.2% | −0.5% | +0.4% | +0.1% | +0.2% |
SHM Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 2.43%
- 3-year Sharpe ratio: -0.67 (vs 4.5% risk-free rate)
- Best month: +2.70% (Nov 2023)
- Worst month: −1.15% (Sep 2023)
SHM Fund Flows
Monthly money in and out of State Street(R) SPDR Nuveen ICE Short Term Municipal Bond ETF, from SEC Form N-PORT.
- 12-month net flow: $52.7M
- 12-month gross sales (incl. reinvestments): $211.3M
- Sales ÷ redemptions: 1.33×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $9.6M | $0 | $9.6M |
| May 2026 | $52.4M | $19.1M | $33.3M |
| Apr 2026 | $0 | $19.2M | −$19.2M |
| Mar 2026 | $0 | $38.4M | −$38.4M |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $53.0M | $81.9M | −$28.9M |
| Dec 2025 | $4.8M | $0 | $4.8M |
| Nov 2025 | $9.6M | $0 | $9.6M |
| Oct 2025 | $4.8M | $0 | $4.8M |
| Sep 2025 | $72.3M | $0 | $72.3M |
| Aug 2025 | $4.8M | $0 | $4.8M |
| Jul 2025 | $0 | $0 | $0 |
SHM Assets Under Management
Net assets of State Street(R) SPDR Nuveen ICE Short Term Municipal Bond ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $3.47B |
| 2026-03-31 | $3.44B |
| 2025-12-31 | $3.51B |
| 2025-09-30 | $3.51B |
| 2025-06-30 | $3.41B |
| 2025-03-31 | $3.42B |
| 2024-12-31 | $3.58B |
| 2024-09-30 | $3.66B |
| 2024-06-30 | $3.78B |
| 2024-03-31 | $3.86B |
| 2023-12-31 | $3.90B |
| 2023-09-30 | $3.90B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.