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ETFs

iShares Short-Term National Muni Bond ETF

SUB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 05 2008
Expense Ratio
0.07%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$49,946,993
AUM
$9,049,263,429
Associated Index
ICE Short Maturity AMT-Free US National Municipal Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
ILLINOIS ST
0.44%
n/a
LONG BEACH CALIF UNI SCH DIST
0.37%
n/a
SANTA MONICA CALIF CMNTY COLLE
0.35%
n/a
TEXAS TRANSN COMMN ST HWY FD R
0.34%
n/a
NEW YORK ST URBAN DEV CORP REV
0.32%
n/a
SAN MATEO FOSTER CITY CALIF PU
0.32%
n/a
CALIFORNIA ST
0.31%
n/a
CHICAGO ILL MET WTR RECLAMATIO
0.31%
n/a
PENNSYLVANIA ST
0.30%
n/a
PENNSYLVANIA ST
0.30%
Invest with SUB

What is SUB?

The Fund seeks to track the investment results of the ICE Short Maturity AMT- Free US National Municipal Index (the Underlying Index ), which measures performance of short maturity U.S. dollar denominated investment grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and their political subdivisions. The Underlying Index includes municipal bonds issued in the State of New York (the State or New York ), the interest of which is exempt from Federal income taxes and not subject to alternative minimum tax.

ETFs related toSUB

ETFs correlated to SUB include VTES, DFNM, IBMQ

SUB
BlackRock Institutional Trust Company N.A. - iShares Short-Term National Muni Bond ETF
VTES
Vanguard Wellington Fund - Vanguard Short-Term Tax Exempt Bond ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
IBMO
iShares Trust - iShares iBonds Dec 2026 Term Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
DFCA
Dimensional ETF Trust - Dimensional California Municipal Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSUB

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SUB using Composer

FAQ

SUB is a US Bonds ETF. The Fund seeks to track the investment results of the ICE Short Maturity AMT- Free US National Municipal Index (the Underlying Index ), which measures performance of short maturity U.S. dollar denominated investment grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and their political subdivisions. The Underlying Index includes municipal bonds issued in the State of New York (the State or New York ), the interest of which is exempt from Federal income taxes and not subject to alternative minimum tax.

SUB tracks the ICE Short Maturity AMT-Free US National Municipal Index.

No, SUB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SUB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SUB is -0.0033%. This is the percent change in the value of SUB over the most recent 1-month period. The 3-month return on SUB is -0.0045%. This is the percent change in the value of SUB over the most recent 3-month period.

The standard deviation of SUB for the past year is 0.0185%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SUB include HYD, CMF, and TFI.

ETFs correlated to SUB include VTES, DFNM, and IBMQ.

ETFs that are inversely correlated to SUB include PST, TBX, and TMV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.