iShares Short-Term National Muni Bond ETF (SUB)

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iShares Short-Term National Muni Bond ETF (SUB) is up 0.9% since the beginning of the year. SUB is currently trading at $107 per share. Investors who bought $1,000 worth of SUB shares 5 years ago would now be looking at an investment worth $1,078.

iShares Short-Term National Muni Bond ETF (SUB) has returned 0.93% so far this year and 2.93% over the past 12 months. Over the last ten years, SUB has returned 1.46% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Nov 7, 2008, SUB's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, an investment would double in approximately 44.5 years.

Historically, 65% of months were positive and 35% were negative. The best month was Jan 2009 with a return of +2.0%, while the worst month was Sep 2022 at -1.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SUB closed higher 52% of trading days. The best single day was Jan 13, 2009 with a return of +5.5%, while the worst single day was Jan 14, 2009 at -4.9%.

iShares Short-Term National Muni Bond ETF has an annualized alpha of 1.36%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 07, 2008.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (4.87%) than losses (0.05%) - typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SUB has an expense ratio of 0.07%, which is considered low.

SUB ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

iShares Short-Term National Muni Bond ETF provided a 2.52% dividend yield over the last twelve months, with an annual payout of $2.69 per share. The fund has been increasing its distributions for 4 consecutive years.

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.

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.

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 chart below shows the rolling one-month volatility.