FSMB vs SHM
First Trust Short Duration Managed Municipal ETF compared with State Street SPDR Nuveen ICE Short Term Municipal Bond ETF on yield, payout growth, payment schedule, cost and risk.
FSMB
First Trust Short Duration Managed Municipal ETF
TTM yield · Monthly
SHM
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
TTM yield · Monthly
Quick take
- FSMB yields more today: 3.19% vs 2.69% (forward).
- Both pay every month.
- Over the last year FSMB delivered the higher total return: +2.3% vs +1.2% (price change plus payouts).
- SHM is cheaper to own: 0.20% vs 0.34% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FSMB | SHM |
|---|---|---|
| Share price | $19.84 | $47.55 |
| TTM yield | 3.19% | 2.69% |
| Forward yield | 3.19% | 2.69% |
| Annual payout per share | $0.632 | $1.281 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 20, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.34% | 0.20% |
| 1-year payout growth | +3.4% | — |
| 5-year payout CAGR | +16.8% | — |
| Consecutive years of increases | 4 years | — |
| Payout consistency (last 12) | 99/100 | 98/100 |
| 1-year total return | +2.3% | +1.2% |
| 1-year price return | -0.9% | -1.4% |
| Size (market cap / AUM) | 623.1M | 3.5B |
| Years paying | 7.7 | 18.9 |
| Sector / category | Muni National Short | Muni National Short |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FSMB | SHM | |
|---|---|---|
| Shares | 504.0 | 210.3 |
| Income per year | $319 | $269 |
| Income per month (avg) | $27 | $22 |
At forward yields, before taxes. Model FSMB · Model SHM
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FSMB Sep 20, 2026 | Oct 4, 2026 | $0.0527 | Est. |
| FSMB Oct 20, 2026 | Nov 3, 2026 | $0.0527 | Est. |
| FSMB Nov 19, 2026 | Dec 3, 2026 | $0.0527 | Est. |
| SHM Oct 1, 2026 | Oct 15, 2026 | $0.1067 | Est. |
| SHM Oct 31, 2026 | Nov 14, 2026 | $0.1067 | Est. |
| SHM Nov 30, 2026 | Dec 14, 2026 | $0.1067 | Est. |
Annual payouts per share
FSMBSHM
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FSMB or SHM?
FSMB currently has the higher trailing yield: FSMB yields 3.19% and SHM yields 2.69%. Yield changes daily with price, so check the live figures above.
How often do FSMB and SHM pay?
FSMB pays every month and SHM pays every month. FSMB's next ex-date is Sep 20, 2026 and SHM's is Oct 1, 2026.
Is FSMB or SHM better for income?
It depends on what you are optimising for. FSMB and SHM differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.