SHYM ETF — iShares Short Duration High Yield Muni Active ETF

iShares Short Duration High Yield Muni Active ETF (SHYM)

Updated October 16, 2026.

SHYM is an ETF. its distribution rate is 4.21%, its trailing-12-month yield is 4.39%. Dividend Vision Distribution Safety Score™ is 93/100 (Safe). Total return is 7.9% over the past 5.6 years, 102.6 points behind SPY at 110.5%.

This ETF holds high-yield municipal bonds with shorter maturities, seeking to deliver tax-advantaged income from issuers across the U.S. The fund distributes monthly and carries a current distribution rate in the mid-range for its asset class. This security appeals primarily to taxable investors in higher income brackets seeking regular tax-exempt income, though the shorter duration positioning may also attract those with moderate interest-rate sensitivity concerns.

SHYM performance versus SPY

Price and return data through 2026-10-16.

Total return is 7.9% over the past 5.6 years, 102.6 points behind SPY at 110.5%. Over the past year its total return — price change plus distributions reinvested — is 1.4%. Its deepest 1-year drawdown was 4.7%.

SHYM key facts

Distribution Safety Score™

93 · Safe

Safety-Adjusted Yield

3.92%

Issuer

iShares

Asset type

ETF

Asset class

Fixed Income

Inception date

03/16/2021

Distribution rate

4.21%

Distribution frequency

Monthly

Trailing yield

4.39%

Last close

$21.61 (as of 2026-10-16)

AUM

$840,341,498

Average volume

2680758.0

Dividend

$0.07588

Ex-dividend date

10/01/2026

Payment date

10/06/2026

Expense ratio unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (4.21%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.39%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SHYM risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.7%.

Who may consider SHYM — and who may not

SHYM may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SHYM

• All tickers starting with S

Tagged: Fixed Income.

Frequently asked questions

More securities from iShares.