SUB vs. VTES
Compare and contrast key facts about iShares Short-Term National Muni Bond ETF (SUB) and Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES).
SUB and VTES 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. VTES is a passively managed fund by Vanguard that tracks the performance of the S&P 0-7 Yr National AMT-Free Municipal Bond Index - Benchmark TR Gross. It was launched on Mar 8, 2023. Both SUB and VTES 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 VTES.
Correlation
The correlation between SUB and VTES is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SUB vs. VTES - Performance Comparison
Key characteristics
SUB:
2.16
VTES:
2.04
SUB:
3.25
VTES:
2.88
SUB:
1.44
VTES:
1.42
SUB:
3.39
VTES:
2.98
SUB:
10.38
VTES:
7.76
SUB:
0.30%
VTES:
0.40%
SUB:
1.44%
VTES:
1.51%
SUB:
-9.46%
VTES:
-2.42%
SUB:
-0.04%
VTES:
0.00%
Returns By Period
In the year-to-date period, SUB achieves a 0.68% return, which is significantly lower than VTES's 1.00% return.
SUB
0.68%
0.57%
1.23%
3.09%
1.08%
1.23%
VTES
1.00%
0.80%
1.23%
2.98%
N/A
N/A
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SUB vs. VTES - Expense Ratio Comparison
Both SUB and VTES have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SUB vs. VTES — Risk-Adjusted Performance Rank
SUB
VTES
SUB vs. VTES - 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 Short-Term Tax-Exempt Bond ETF Shares (VTES). 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. VTES - Dividend Comparison
SUB's dividend yield for the trailing twelve months is around 2.11%, less than VTES's 2.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUB iShares Short-Term National Muni Bond ETF | 2.11% | 2.10% | 1.73% | 0.86% | 0.72% | 1.23% | 1.59% | 1.32% | 0.94% | 0.75% | 0.77% | 0.76% |
VTES Vanguard Short-Term Tax-Exempt Bond ETF Shares | 2.95% | 3.00% | 2.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SUB vs. VTES - Drawdown Comparison
The maximum SUB drawdown since its inception was -9.46%, which is greater than VTES's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for SUB and VTES. For additional features, visit the drawdowns tool.
Volatility
SUB vs. VTES - Volatility Comparison
The current volatility for iShares Short-Term National Muni Bond ETF (SUB) is 0.31%, while Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) has a volatility of 0.45%. This indicates that SUB experiences smaller price fluctuations and is considered to be less risky than VTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.