SHM vs SPY: Holdings Overlap
SHMState Street® SPDR® Nuveen ICE Short Term Municipal Bond ETF
State Street (SPDR) · 967 holdings · $3.5B · as of 2026-08-07
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
How similar are SHM and SPY?
State Street® SPDR® Nuveen ICE Short Term Municipal Bond ETF (SHM, by State Street (SPDR)) holds 967 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0SHM holds 967 · SPY holds 504
- Weight in Shared Holdings
- SHM 0%·SPY 0%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in SHM
967 of 967 positions (99.3% of the fund) are not held by SPY. Showing the top 30 by weight.
- CAS 5.000 09/01/280.97%
- SEEPWR 5.000 10/01/300.93%
- CAS 5.000 10/01/270.70%
- NYSGEN 5.000 03/15/290.62%
- TRBTRN 5.000 11/15/280.56%
- CAS 5.000 03/01/290.53%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SHM | +0.1% | +1.1% | +2.0% | +3.0% | +0.9% | +1.3% | 2.68% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in SHM vs SPY →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do SHM and SPY overlap?
SHM and SPY overlap by 0.0% of portfolio weight. They share 0 holdings (SHM holds 967 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHM and SPY?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does SHM own that SPY doesn't?
967 positions (99.3% of SHM) are unique to SHM, led by CAS 5.000 09/01/28, SEEPWR 5.000 10/01/30 and CAS 5.000 10/01/27. In the other direction, 504 positions (99.9% of SPY) are unique to SPY.