SUB vs. VTEB
Compare and contrast key facts about iShares Short-Term National Muni Bond ETF (SUB) and Vanguard Tax-Exempt Bond ETF (VTEB).
SUB and VTEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SUB is a passively managed fund by iShares that tracks the performance of the ICE Short Maturity AMT-Free US National Municipal Index - Benchmark TR Gross. It was launched on Nov 5, 2008. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015. Both SUB and VTEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SUB or VTEB.
Key characteristics
| SUB | VTEB | |
|---|---|---|
| YTD Return | 1.85% | 1.60% |
| 1Y Return | 3.87% | 7.56% |
| 3Y Return (Ann) | 0.90% | -0.17% |
| 5Y Return (Ann) | 1.13% | 1.30% |
| Sharpe Ratio | 2.54 | 1.80 |
| Sortino Ratio | 4.02 | 2.67 |
| Omega Ratio | 1.53 | 1.36 |
| Calmar Ratio | 2.50 | 0.88 |
| Martin Ratio | 12.58 | 7.97 |
| Ulcer Index | 0.30% | 0.90% |
| Daily Std Dev | 1.49% | 3.98% |
| Max Drawdown | -9.46% | -17.00% |
| Current Drawdown | -0.50% | -1.20% |
Correlation
The correlation between SUB and VTEB is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SUB vs. VTEB - Performance Comparison
In the year-to-date period, SUB achieves a 1.85% return, which is significantly higher than VTEB's 1.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SUB vs. VTEB - Expense Ratio Comparison
SUB has a 0.07% expense ratio, which is higher than VTEB's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SUB vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term National Muni Bond ETF (SUB) and Vanguard Tax-Exempt Bond ETF (VTEB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
SUB vs. VTEB - Dividend Comparison
SUB's dividend yield for the trailing twelve months is around 2.04%, less than VTEB's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUB iShares Short-Term National Muni Bond ETF | 2.04% | 1.73% | 0.86% | 0.72% | 1.23% | 1.59% | 1.32% | 0.94% | 0.75% | 0.77% | 0.76% | 0.84% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
SUB vs. VTEB - Drawdown Comparison
The maximum SUB drawdown since its inception was -9.46%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for SUB and VTEB. For additional features, visit the drawdowns tool.
Volatility
SUB vs. VTEB - Volatility Comparison
The current volatility for iShares Short-Term National Muni Bond ETF (SUB) is 0.67%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.96%. This indicates that SUB experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.