SUB vs VTES
iShares Short-Term National Muni Bond ETF against Vanguard Short-Term Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
20%
1053 shared positions
Fee gap
2 bp
VTES is cheaper
1-year return gap
0.8 pts
SUB is ahead
Larger fund
SUB
$13.0B
Side by side
| SUB | VTES | |
|---|---|---|
| Fund | iShares Short-Term National Muni Bond ETF | Vanguard Short-Term Tax-Exempt Bond ETF |
| Issuer | iShares | Vanguard |
| Category | Short Muni | Short Muni |
| Expense ratio | 0.07% | 0.05% |
| Assets | $13.0B | $2.0B |
| Average daily dollar volume | $152M | $92M |
| Listed | Nov 5, 2008 | Mar 8, 2023 |
| FrenzyCap score | 98 | 96 |
| 1-month return | +0.0% | +0.1% |
| 3-month return | −0.8% | −1.1% |
| Year to date | −1.3% | −1.9% |
| 1-year return | −1.4% | −2.1% |
| 30-day volatility | 2.4% | 3.3% |
| Worst drawdown, 1 year | −3.1% | −4.5% |
| Trailing 12-month yield | 2.59% | 2.70% |
| Holdings | 3,095 | 3,990 |
| Top 10 weight | 2.5% | 3.2% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$479M thru May 2026 | +$246M thru May 2026 |
| 30-day implied volatility | — | 15.1% |
| Holdings as of | as of Oct 19, 2026issuer data | as of Oct 19, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
44% of SUB · 30% of VTES| Holding | SUB | VTES |
|---|---|---|
| BAY AREA TOLL AUTH CALIF TOLL 2%, due Apr 1, 2028 | 0.26% | 0.27% |
| NEW JERSEY ST 4%, due Jun 1, 2030 | 0.21% | 0.24% |
| UNIVERSITY CALIF REVS 5%, due May 15, 2030 | 0.21% | 0.18% |
| ILLINOIS ST 5%, due Nov 1, 2027 | 0.15% | 0.20% |
| CALIFORNIA (STATE OF) 5%, due Aug 1, 2031 | 0.39% | 0.15% |
| NEW JERSEY ST 5%, due Jun 1, 2028 | 0.15% | 0.21% |
| NEW JERSEY ST EDL FACS AUTH RE 5%, due Jul 1, 2031 | 0.19% | 0.15% |
| LOS ANGELES CALIF DEPT WTR & P 5%, due Jan 1, 2030 | 0.14% | 0.14% |
| NEW JERSEY ST 4%, due Jun 1, 2031 | 0.14% | 0.18% |
| NEW JERSEY ECONOMIC DEV AUTH R 5%, due Mar 1, 2028 | 0.32% | 0.14% |
| JEA FLA WTR & SWR SYS 5%, due Oct 1, 2031 | 0.14% | 0.16% |
| MASSACHUSETTS ST DEV FIN AGY R 5%, due Feb 15, 2031 | 0.13% | 0.14% |
| NEW JERSEY ST TPK AUTH TPK REV 5%, due Jan 1, 2031 | 0.17% | 0.12% |
| LOS ANGELES CALIF UNI SCH DIST 5%, due Jul 1, 2029 | 0.10% | 0.11% |
| ILLINOIS ST 5%, due Nov 1, 2028 | 0.10% | 0.24% |
| NEW JERSEY ECONOMIC DEV AUTH R 5.5%, due Dec 15, 2026 | 0.10% | 0.14% |
| NEW YORK N Y 5%, due Aug 1, 2027 | 0.10% | 0.10% |
| ALABAMA ST PUB SCH & COLLEGE A 5%, due Nov 1, 2027 | 0.10% | 0.11% |
| MASSACHUSETTS ST DEV FIN AGY 5%, due Oct 1, 2031 | 0.10% | 0.12% |
| LOS ANGELES CALIF DEPT WTR & P 5%, due Jul 1, 2030 | 0.15% | 0.10% |
| TEXAS ST 5%, due Oct 1, 2030 | 0.20% | 0.09% |
| AQUARION WATER AUTHORITY CT 5.25%, due Feb 1, 2031 | 0.09% | 0.16% |
| PENNSYLVANIA ST 5%, due Mar 1, 2028 | 0.17% | 0.09% |
| UNIVERSITY TEX UNIV REVS 5%, due Aug 15, 2028 | 0.10% | 0.09% |
| NORTH CAROLINA ST GRANT ANTIC 5%, due Mar 1, 2028 | 0.10% | 0.09% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · SUB holdings · VTES holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.