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 |
| Leveraged | 1x |
| 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 low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SUB vs. MUB, SUB vs. VTEB, SUB vs. JMST, SUB vs. SHM, SUB vs. SMB, SUB vs. FUMB, SUB vs. FSTFX, SUB vs. SGOV, SUB vs. FLOT, SUB vs. PULS
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 1.79% year-to-date (YTD) and 3.67% in the last 12 months. Over the past 10 years, iShares Short-Term National Muni Bond ETF had an annualized return of 1.13%, while the S&P 500 had an annualized return of 11.43%, indicating that iShares Short-Term National Muni Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.79% | 25.82% |
| 1 month | -0.31% | 3.20% |
| 6 months | 1.76% | 14.94% |
| 1 year | 3.67% | 35.92% |
| 5 years (annualized) | 1.12% | 14.22% |
| 10 years (annualized) | 1.13% | 11.43% |
Monthly Returns
The table below presents the monthly returns of SUB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.20% | 0.02% | -0.16% | -0.02% | -0.19% | 0.56% | 0.87% | 0.70% | 0.52% | -0.45% | 1.79% | ||
| 2023 | 0.67% | -1.24% | 1.27% | -0.20% | -0.53% | 0.52% | 0.07% | -0.03% | -0.74% | 0.38% | 1.92% | 0.82% | 2.91% |
| 2022 | -1.25% | -0.19% | -1.08% | -0.81% | 1.00% | 0.06% | 0.75% | -1.12% | -1.33% | 0.02% | 1.85% | 0.10% | -2.04% |
| 2021 | 0.05% | -0.38% | 0.22% | 0.16% | -0.04% | 0.09% | 0.23% | -0.05% | -0.25% | -0.12% | 0.04% | 0.07% | 0.03% |
| 2020 | 0.53% | 0.21% | -0.95% | 0.03% | 1.79% | 0.01% | 0.60% | -0.20% | 0.12% | -0.33% | 0.37% | 0.31% | 2.51% |
| 2019 | 0.21% | 0.12% | 0.51% | 0.06% | 0.58% | 0.29% | 0.54% | 0.17% | -0.32% | 0.39% | 0.08% | 0.27% | 2.94% |
| 2018 | 0.18% | -0.07% | 0.08% | -0.41% | 0.59% | 0.23% | 0.36% | -0.00% | -0.30% | -0.13% | 0.56% | 0.76% | 1.85% |
| 2017 | 0.20% | 0.49% | -0.05% | 0.17% | 0.43% | -0.21% | 0.37% | 0.34% | -0.30% | -0.14% | -0.59% | 0.05% | 0.75% |
| 2016 | 0.32% | 0.23% | -0.25% | 0.12% | -0.07% | 0.34% | 0.28% | -0.03% | -0.38% | -0.04% | -1.15% | 0.56% | -0.09% |
| 2015 | 0.53% | -0.36% | -0.13% | -0.12% | 0.04% | 0.14% | 0.33% | -0.24% | 0.34% | 0.29% | -0.15% | 0.13% | 0.80% |
| 2014 | 0.13% | 0.18% | -0.16% | 0.11% | -0.07% | 0.16% | 0.08% | 0.33% | -0.30% | 0.01% | 0.13% | -0.13% | 0.47% |
| 2013 | 0.29% | 0.31% | -0.36% | -0.01% | -0.15% | -0.59% | 0.47% | 0.15% | 0.44% | 0.16% | 0.18% | -0.06% | 0.84% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SUB is 73, 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.
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 provided a 2.04% dividend yield over the last twelve months, with an annual payout of $2.16 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.16 | $1.83 | $0.90 | $0.77 | $1.34 | $1.69 | $1.39 | $0.99 | $0.79 | $0.81 | $0.80 | $0.89 |
Dividend yield | 2.04% | 1.73% | 0.86% | 0.72% | 1.23% | 1.59% | 1.32% | 0.94% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.17 | $0.18 | $0.17 | $0.18 | $0.19 | $0.18 | $0.18 | $0.19 | $0.20 | $0.19 | $1.82 | |
| 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 | $1.83 |
| 2022 | $0.00 | $0.04 | $0.05 | $0.05 | $0.07 | $0.06 | $0.07 | $0.07 | $0.08 | $0.10 | $0.10 | $0.21 | $0.90 |
| 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 | $0.77 |
| 2020 | $0.00 | $0.13 | $0.13 | $0.13 | $0.13 | $0.12 | $0.12 | $0.11 | $0.10 | $0.10 | $0.09 | $0.18 | $1.34 |
| 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 | $1.69 |
| 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 | $1.39 |
| 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 | $0.99 |
| 2016 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.06 | $0.06 | $0.06 | $0.12 | $0.79 |
| 2015 | $0.00 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.07 | $0.07 | $0.14 | $0.81 |
| 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 | $0.80 |
| 2013 | $0.06 | $0.10 | $0.07 | $0.08 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.07 | $0.13 | $0.89 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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.
The current iShares Short-Term National Muni Bond ETF drawdown is 0.55%.
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 |
| -2.44% | 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 0.67%, 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.