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ETF comparison

SHY vs SUB

US Treasury (Short) vs US Municipal Bond.

iShares 1-3 Year Treasury Bond ETF · iShares Short-Term National Muni Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.0 %

0 positions appear in both funds. Buying equal dollars of SHY and SUB would leave roughly 0.0% of each dollar exposed to the same underlying securities.

SHY unmatched 99.0% Shared 0.0% SUB unmatched 100.7%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In SHY only
90 positions
Shared
0 positions
In SUB only
2,976 positions

Side by side

SHY

iShares 1-3 Year Treasury Bond ETF

iShares · US Treasury (Short)

83 composite / 100
Expense ratio
0.15%
Net assets
$27.44B
TTM yield
3.30%
Top-10 conc.
15.4%
SUB

iShares Short-Term National Muni Bond ETF

iShares · US Municipal Bond

96 composite / 100
Expense ratio
0.070%
Net assets
$13.29B
TTM yield
2.36%
Top-10 conc.
2.7%

Sub-score comparison

85
Cost
93
59
Tax efficiency
93
100
Liquidity
100
N/A
Concentration
100
—
Tracking quality
—
SHY sub-score SUB

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SUB is 8 bps cheaper than SHY. On a $100,000 position that's about $80/yr more in fees for SHY.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with SHY vs SUB.

Top shared holdings

0 shared in total

No shared holdings between these funds.

Only in SHY

90 total
  • United States of America 1.97%
  • United States of America 1.71%
  • United States of America 1.61%
  • United States of America 1.51%
  • United States of America 1.49%
  • United States of America 1.48%
  • United States of America 1.47%
  • United States of America 1.40%
  • United States of America 1.39%
  • United States of America 1.39%

Only in SUB

2,976 total
  • New Jersey Economic Development Authority 0.35%
  • New York City Transitional Finance Authority Future Tax Secured 0.33%
  • State of California 0.28%
  • New York City Municipal Water Finance Authority 0.27%
  • State of California 0.26%
  • Triborough Bridge & Tunnel Authority 0.25%
  • Empire State Development Corp. 0.24%
  • University of California 0.24%
  • New Jersey Turnpike Authority 0.24%
  • State of California 0.23%

Percentages are holdings overlap with the named fund.

Open SHY or SUB at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.