iShares Short Duration High Yield Muni Active ETF
$21.49+0.08 (+0.37%)
- 0.42%
- $831M
- +1.0%
- 4.43%
- 0.4M sh
- $21.32
- low $21.14high $22.53
The ETF.net SHYM Grade
B
Score 60 out of 100
- 11 of 19
Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D39 out of 100Rank 12 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.A80 out of 100Rank 15 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B66 out of 100Rank 4 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 8 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 9 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 6 of 19
Our read on SHYM
BMost muni ETFs track an index of investment-grade paper. This one works the other end: active management, roughly 500 mostly lower-rated municipal bonds, short maturities, and tax-exempt income paid monthly.
The fund is actively managed to provide exposure to U.S. short-duration, high-yield municipal bonds, seeking higher tax-free income while managing interest-rate risk.
Why people hold it
- The unusual pairing is the point: high-yield munis held short, chasing extra tax-free income while trimming the rate sensitivity that swings long-dated muni funds around.
- Actively run, so managers pick through credits and can pass on issuers instead of owning whatever the index hands them. Spread across roughly 500 positions.
- Income arrives monthly, and muni interest is generally exempt from federal tax, which is the whole reason this corner of the bond market exists.
- iShares plumbing behind it, trading since 2021, with an established asset base rather than a startup fund still proving it belongs.
Worth knowing
- 0.42% a year is what the credit research costs. Broad index muni ETFs like VTEB and MUB charge a small fraction of that, and fees come straight out of tax-free income.
- High yield means weaker issuers. The main risk here is credit, not interest rates, and that is a different animal from a plain national muni fund.
- Short duration cuts both ways: less damage when rates spike, less lift when they drop.
SHYM Holdings
- Bonds
- 525
- 16%
- BlackRock Liq Municash Class Ins Mmf
Geography
- United States100.00%
SHYM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
SHYM$10,102
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SHYM |
|---|---|
| Year to date | −0.6% |
| 1 month | −1.3% |
| 3 months | −3.2% |
| 1 year | +1.0% |
| 3 years | +6.1% |
| 5 years | +0.3% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SHYM |
|---|---|---|
| 2026 YTD | −0.6% | |
| 2025 | +2.6% | |
| 2024 | +7.0% | |
| 2023 | +9.7% | |
| 2022 | −16.0% | |
| 2021 | +6.7% |
SHYM in the news
SHYM Dividends
- 4.43%
- $0.95
- $0.08 per share
- Monthly
Distribution history
SHYM Risk
- 6.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.25
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −21.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.41
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SHYM Cost
0.42%
SHYM0.42%
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
11 of the 19 High-Yield Municipal Bonds funds charge less.
Other funds in High-Yield Municipal Bonds
- BNHYMNuveen High Yield Municipal IncomeExpense ratio 0.35%1 year return −2.8%
- BIROCInvesco Rochester High Yield Municipal ETFExpense ratio 0.40%1 year return −0.9%
- BEVYMEaton Vance High Income Municipal ETFExpense ratio 0.40%1 year return −1.2%
- BFCALFirst Trust California Municipal High Income ETFExpense ratio 0.49%1 year return −2.3%
- CHTAXNomura National High-Yield Municipal Bond ETFExpense ratio 0.49%1 year return −2.2%