iShares Short-Term National Muni Bond ETF (SUB)
SUB is a passive ETF by iShares tracking the investment results of the ICE Short Maturity AMT-Free US National Municipal Index - Benchmark TR Gross. SUB launched on Nov 5, 2008 and has a 0.07% expense ratio.
ETF Info
| ISIN | US4642881589 |
|---|---|
| CUSIP | 464288158 |
| Issuer | iShares |
| Inception Date | Nov 5, 2008 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Index Tracked | ICE Short Maturity AMT-Free US National Municipal Index - Benchmark TR Gross |
| Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
SUB has an expense ratio of 0.07% which is considered to be low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares Short-Term National Muni Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
iShares Short-Term National Muni Bond ETF had a return of 0.03% year-to-date (YTD) and 2.47% in the last 12 months. Over the past 10 years, iShares Short-Term National Muni Bond ETF had an annualized return of 0.98%, while the S&P 500 had an annualized return of 10.71%, indicating that iShares Short-Term National Muni Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.03% | 8.76% |
| 1 month | 0.56% | -0.32% |
| 6 months | 2.07% | 18.48% |
| 1 year | 2.47% | 25.36% |
| 5 years (annualized) | 1.06% | 12.60% |
| 10 years (annualized) | 0.98% | 10.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.20% | 0.03% | -0.16% | -0.02% | ||||||||
| 2023 | 0.38% | 1.92% | 0.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SUB is 66, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
SUB (iShares Short-Term National Muni Bond ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares Short-Term National Muni Bond ETF (SUB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares Short-Term National Muni Bond ETF granted a 1.87% dividend yield in the last twelve months. The annual payout for that period amounted to $1.95 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.95 | $1.83 | $0.90 | $0.77 | $1.33 | $1.69 | $1.39 | $0.99 | $0.79 | $0.81 | $0.80 | $0.89 |
Dividend yield | 1.87% | 1.73% | 0.86% | 0.72% | 1.23% | 1.58% | 1.32% | 0.95% | 0.75% | 0.77% | 0.76% | 0.84% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Short-Term National Muni Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.17 | $0.18 | $0.17 | ||||||||
| 2023 | $0.00 | $0.14 | $0.16 | $0.13 | $0.14 | $0.14 | $0.15 | $0.15 | $0.16 | $0.17 | $0.16 | $0.33 |
| 2022 | $0.00 | $0.04 | $0.04 | $0.05 | $0.07 | $0.06 | $0.07 | $0.07 | $0.08 | $0.10 | $0.10 | $0.21 |
| 2021 | $0.00 | $0.08 | $0.09 | $0.08 | $0.08 | $0.07 | $0.07 | $0.06 | $0.05 | $0.05 | $0.05 | $0.09 |
| 2020 | $0.00 | $0.13 | $0.13 | $0.13 | $0.13 | $0.12 | $0.12 | $0.11 | $0.10 | $0.10 | $0.09 | $0.17 |
| 2019 | $0.00 | $0.14 | $0.15 | $0.14 | $0.14 | $0.15 | $0.14 | $0.14 | $0.14 | $0.15 | $0.14 | $0.27 |
| 2018 | $0.00 | $0.09 | $0.10 | $0.09 | $0.10 | $0.10 | $0.11 | $0.12 | $0.12 | $0.13 | $0.14 | $0.29 |
| 2017 | $0.00 | $0.07 | $0.08 | $0.07 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.09 | $0.08 | $0.21 |
| 2016 | $0.00 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.12 |
| 2015 | $0.00 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.14 |
| 2014 | $0.00 | $0.06 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.13 |
| 2013 | $0.06 | $0.10 | $0.07 | $0.08 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.07 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Short-Term National Muni Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Short-Term National Muni Bond ETF was 9.46%, occurring on Mar 19, 2020. Recovery took 42 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.46% | Mar 9, 2020 | 9 | Mar 19, 2020 | 42 | May 19, 2020 | 51 |
| -6.4% | Jan 20, 2009 | 27 | Feb 26, 2009 | 641 | Sep 12, 2011 | 668 |
| -4.92% | Jan 14, 2009 | 1 | Jan 14, 2009 | 2 | Jan 16, 2009 | 3 |
| -4.35% | Jul 23, 2021 | 297 | Sep 26, 2022 | 306 | Dec 13, 2023 | 603 |
| -2.43% | Mar 4, 2013 | 79 | Jun 24, 2013 | 86 | Oct 24, 2013 | 165 |
Volatility
Volatility Chart
The current iShares Short-Term National Muni Bond ETF volatility is 0.39%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.