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SUB
iShares S&P Short Term National AMT-Free Bond ETF

Price: $108.03
Change: $0.05 (-0.0%)
Category: National Munis
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $96.81
  • 52 Week Hi $108.53
  • AUM $3,728.3 M
  • Shares 34.6 M

Analyst Report

This fund tracks an index of municipal bonds, a slice of the bond market that is highly coveted due to its tax features. These bonds are generally free from federal taxes and in some cases, state and local income taxes as well making these funds crucial components of portfolios for those in high tax brackets. Muni bonds are used by local entities to pay for a variety of services or to make improvements to infrastructure paying for everything from new sewer systems to school renovations and bridge construction as such, they are relatively low risk instruments. This is especially true in the case of SUB since the fund only targets short term munis which have less default risk then their longer-dated counterparts. As a result SUB is a solid choice for investors seeking broad exposure to the muni market but with lower levels of risk. The fund still has very good levels of diversification-- holding over 500 securities-- but a relatively high expense ratio making the fund a choice for those who are willing to sacrifice a few basis points in fees for one of the most diversified portfolios in the Category. However, investors should be aware that these shorter term instruments are likely to pay out a lower rate of interest than some of the longer-term bonds that are out there, potentially limiting current income.

Historical Trading Data

  • 1 Month Avg. Volume 196,117
  • 3 Month Avg. Volume 194,374

Alternative ETFs in the National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest MUB 0.07% $18.1 B 1 M 3.31%
Largest (AUM) MUB 0.07% $18.1 B 1 M 3.31%
Most Liquid (Volume) MUB 0.07% $18.1 B 1 M 3.31%
Top YTD Performer BAB 0.28% $2.1 B 482,945 8.07%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

1336
Number of Holdings
4.83%
% Assets in Top 10
6.76%
% Assets in Top 15
17.52%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
1336
Rank
6 of 47
Low
OVM (2)
High
MUB (4436)
% Assets in Top 10
4.83%
Rank
3 of 47
Low
MUB (3.20%)
High
OVM (100.00%)
% Assets in Top 15
6.76%
Rank
45 of 47
Low
MUB (3.91%)
High
OVM (100.00%)
% Assets in Top 50
17.52%
Rank
45 of 47
Low
MUB (8.13%)
High
BSMU (100.00%)

 
View Summary Analysis
 

Sector Breakdown

Asset Percentage
Municipal debt 99.49%
ETF Cash Component 0.51%
Bond Sector Percentage
Municipal 99.49%
ETF Cash Component 0.51%
Bond Sector Percentage
Municipal Bond 98.48%
Other 1.52%
Coupon Range Percentage
0% to 1% 0.55%
1% to 2% 0.31%
2% to 3% 0.33%
3% to 4% 0.71%
4% to 5% 3.74%
5% to 6% 93.4%
6% to 7% 0.44%
7% to 8% 0.0%
8% to 9% 0.0%
9% to 10% 0.0%
Greater Than 10% 0.0%
ETF Cash Component 0.51%
Credit Percentage
AAA 22.04%
AA 53.84%
A 13.63%
BBB 7.01%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 2.15%
Rating Unknown 0.82%
ETF Cash Component 0.51%
Maturity Percentage
Less Than 1 Year 18.1%
1-3 Years 36.06%
3-5 Years 30.22%
5-7 Years 2.26%
7-10 Years 1.46%
10-15 Years 1.69%
15-20 Years 3.36%
20-30 Years 5.6%
30+ Years 0.74%
ETF Cash Component 0.51%
 
View Less Charts
 
Asset Percentage
Municipal debt 99.49%
ETF Cash Component 0.51%
 
View More Charts
 

SUB Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

SUB Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.10
Dividend Date
2020-09-01
Annual Dividend Rate
$1.52

$0.10
Dividend
2020-09-01
Dividend Date
$1.52
Annual Dividend Rate
Annual Dividend Yield
1.41%
Rank
31 of 46
Low
PVI (0.69%)
High
HMOP (5.62%)

SUB Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 48.49 M 1 Month Net Flows: 167.05 M 3 Month Net Flows: 468.72 M 6 Month Net Flows: 715.9 M 1 Year Net Flows: 1.16 B 3 Year Net Flows: 2.12 B 5 Year Net Flows: 2.69 B 10 Year Net Flows: 3.21 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for SUB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the National Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses B n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

SUB Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.536%
ETF Wtd. Average
0.19%
Category Average
0.26%
Expense Ratio
0.07%
Rank
2 of 47
Low
MUB (0.07%)
High
OVM (0.82%)
ESG Themes and Scores

SUB does not have an ESG score. There are no ESG themes that map to this ETF.

SUB Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-0.11%
1 Week Return
-0.02%
4 Week Return
0.54%
13 Week Return
8.83%
26 Week Return
2.09%
Year to Date Return
2.98%
1 Year Return
6.10%
3 Year Return
7.75%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
-0.11%
Rank
39 of 42
Low
BAB (-0.39%)
High
HYD (0.32%)
4 Week Return
-0.02%
Rank
16 of 46
Low
BSMT (-1.09%)
High
SMB (0.28%)
13 Week Return
0.54%
Rank
41 of 45
Low
PVI (0.01%)
High
SHYD (3.87%)
26 Week Return
8.83%
Rank
35 of 46
Low
PVI (-0.27%)
High
HYD (31.30%)
Year to Date Return
2.09%
Rank
35 of 46
Low
HYD (-4.10%)
High
BAB (8.07%)
1 Year Return
2.98%
Rank
24 of 36
Low
HYD (-3.18%)
High
BAB (7.64%)
3 Year Return
6.10%
Rank
19 of 23
Low
PVI (2.84%)
High
BAB (22.67%)
5 Year Return
7.75%
Rank
19 of 21
Low
PVI (3.43%)
High
BAB (41.89%)

 
View Summary Analysis
 

SUB Price and Volume Chart

SUB Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
45.36%
Rank
25 of 46
Low
BSMM (2.37%)
High
HYD (262.91%)
20 Day Volatility
1.03%
Rank
44 of 46
Low
BSML (0.41%)
High
BAB (5.33%)
50 Day Volatility
1.22%
Rank
41 of 46
Low
BSML (0.96%)
High
BAB (5.23%)
200 Day Volatility
1.69%
Rank
42 of 46
Low
PVI (1.21%)
High
BSMT (20.74%)
Beta
0.01
Rank
41 of 46
Low
PVI (-0.01)
High
BSMT (0.38)
Standard Deviation
1.50%
Rank
6 of 36
Low
PVI (0.06%)
High
HYD (4.07%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $108.08
  • 60 Day MA $107.97
  • MACD 15 Period -0.04
  • MACD 100 Period 0.44
  • Williams % Range 10 Day 74.63
  • Williams % Range 20 Day 74.63
  • RSI 10 Day 45
  • RSI 20 Day 51
  • RSI 30 Day 54
  • Ultimate Oscillator 56

Bollinger Brands

  • Lower Bollinger (10 Day) $107.97
  • Upper Bollinger (10 Day) $108.18
  • Lower Bollinger (20 Day) $107.97
  • Upper Bollinger (20 Day) $108.17
  • Lower Bollinger (30 Day) $107.94
  • Upper Bollinger (30 Day) $108.23

Support & Resistance

  • Support Level 1 $107.98
  • Support Level 2 $107.93
  • Resistance Level 1 $108.09
  • Resistance Level 2 $108.15

Stochastic

  • Stochastic Oscillator %D (1 Day) 53.21
  • Stochastic Oscillator %D (5 Day) 39.31
  • Stochastic Oscillator %K (1 Day) 62.32
  • Stochastic Oscillator %K (5 Day) 44.01

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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