iShares Short Duration High Yield Muni Active ETF
$21.48−0.20 (−0.95%)
- Expense ratio
- 0.42%
- Fund size
- $822M
- 1Y return
- +1.1%
- Yield · Last 12 months
- 4.41%
- Holdings
- 518
- Volume · 30D
- 0.3M sh
- NAV per share
- $21.62
- 52W range
The ETF.net SHYM Grade
Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 33Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 73Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 54Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 63Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 35Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 72Category rank
Our read on SHYM
CMost 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
- 518
- 19%
- BLACKROCK LIQ MUNICASH CL 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.
Returns run to the Sep 22, 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 | +0.3% |
| 1 month | −1.5% |
| 3 months | −2.0% |
| 1 year | +1.1% |
| 3 years | +5.8% |
| 5 years | +0.2% |
| 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 | +0.3% | |
| 2025 | +2.6% | |
| 2024 | +7.0% | |
| 2023 | +9.7% | |
| 2022 | −16.0% | |
| 2021 | +6.7% |
SHYM in the news
ETF.net Research hasn’t filed on SHYM yet — coverage lands here as it’s written.
SHYM Dividends
- 4.41%
- $0.96
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.08 |
| Aug 3, 2026 | Aug 6, 2026 | $0.08 |
| Jul 1, 2026 | Jul 7, 2026 | $0.07 |
| Jun 1, 2026 | Jun 4, 2026 | $0.06 |
| May 1, 2026 | May 6, 2026 | $0.08 |
| Apr 1, 2026 | Apr 7, 2026 | $0.08 |
| Mar 2, 2026 | Mar 5, 2026 | $0.08 |
| Feb 2, 2026 | Feb 5, 2026 | $0.08 |
| Dec 19, 2025 | Dec 24, 2025 | $0.10 |
| Dec 1, 2025 | Dec 4, 2025 | $0.08 |
| Nov 3, 2025 | Nov 6, 2025 | $0.09 |
| Oct 1, 2025 | Oct 6, 2025 | $0.08 |
SHYM Risk
- 6.7%
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.
- 0.21
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.
- −22.0%
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.
- 0.40
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
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
12 of the 19 High-Yield Municipal Bonds funds charge less.