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APMUvsSUBETF Comparison

ETF 1

APMU

ActivePassive Intermediate Municipal Bond ETF

This fund is part of

Municipal Bonds

+0.67%

Full APMU fund page

VS

ETF 2

SUB

iShares Short-Term National Muni Bond ETF

This fund is part of

Municipal Bonds

+0.67%

Full SUB fund page

ActivePassive Intermediate Municipal Bond ETF (APMU) and iShares Short-Term National Muni Bond ETF (SUB) belong to the same industry segment: Municipal Bonds. In contrast, SUB's top sector exposures are Municipal and Non-Corporate. APMU is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.07% for SUB. APMU is down -1.36% year-to-date (YTD) with +$55M in YTD flows. SUB performs better with 0.62% YTD performance, and +$2.44B in YTD flows. Run a side-by-side ETF comparison of APMU and SUB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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APMU vs SUB performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	APMU SUB	-0.08%+0.04%	-1.92%-0.46%	-1.36%+0.62%	-0.82%+1.15%	+9.30%+9.26%	n/a+7.35%
Flows	APMU SUB	+$6M+$1.05B	+$13M+$1.45B	+$55M+$2.44B	+$66M+$2.78B	+$227M+$3.76B	-+$6.62B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	APMU SUB	+3.84%+1.90%	+2.39%+1.15%	+2.49%+1.17%	n/a+1.22%
Max drawdown	APMU SUB	-4.17%-1.94%	-5.19%-1.94%	-5.19%-1.94%	n/a-3.95%
Max drawdown duration	APMU SUB	92d51d	228d51d	228d51d	n/a772d

Trading data

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	APMU	SUB
Last sale 10/16/2026 at 1:30 PM	$24.29	$105.28
Previous close 10/15/2026	$24.29	$105.28
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 17, 2026

1-year trailing difference

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APMU

is actively managed and doesn’t replicate an index

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	APMU	SUB
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	APMU	SUB
Last price	$24.29	$105.28
1D performance	+0.00%	+0.00%
AuM	$252.63 M	$12.68 B
E/R	0.35%	0.07%

Characteristics

	APMU	SUB
Management strategy	Active	Passive
Provider	Envestnet Asset Management	iShares
Benchmark	-	ICE Short Maturity AMT-Free US National Municipal Index
N° of holdings	-	1169
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	May 3, 2023	November 5, 2008
ESG	No	No

More APMU data on Trackinsight

More SUB data on Trackinsight

Exposure

Countries

APMU

Data will be available soon

SUB

USA

46.89%

Other

53.11%

Sectors

APMU

Data will be available soon

SUB

Municipal

46.88%

Other

53.12%

Diversification

APMU

Data will be available soon

SUB

Total weight of top 15 holdings out of 15

3.97%

Top 15 holdings

Data as of January 1, 1970

APMU

Data will be available soon

SUB

US13063EUS35

0.44%

New Jersey Economic Development Authority, 5% 1mar2028, USD (2023)

0.36%

US64972JWP91

0.33%

New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)

0.27%

US13063EDB92

0.26%

US89602RPH20

0.25%

Empire State Development Corp., 5% 15sep2028, USD (2022A)

0.25%

US91412HWB58

0.24%

US646140JM63

0.24%

California, 5% 1nov2027, USD

0.23%

California, 5% 1apr2029, USD

0.23%

US812643H643

0.23%

US373385QU02

0.22%

City of New York, FRN 1feb2056, USD (2026)

0.22%

US207758Y563

0.20%

Frequently asked questions about APMU and SUB

How have the APMU and SUB ETFs performed in 2026?

As of October 15, 2026, APMU is down -1.36% year-to-date (YTD), while SUB has returned 0.62%. That puts SUB better performer ahead so far this year.

Which ETF is attracting more investor money: APMU or SUB?

Year-to-date, the APMU ETF saw +$55M in flows, compared to +$2.44B for SUB.

Which ETF is more volatile: APMU or SUB?

Over the past year, APMU had a volatility of 2.39%, while SUB experienced 1.15%.

Which ETF is bigger: APMU or SUB?

As of October 15, 2026, APMU holds $252.63 M in assets under management (AUM), while SUB manages $12.68 B.

Investing in Municipal Bond ETFs

October 24, 2022

SUB

APMUvsSUBETF Comparison

ActivePassive Intermediate Municipal Bond ETF

iShares Short-Term National Muni Bond ETF

APMU vs SUB performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the APMU and SUB ETFs performed in 2026?

As of October 15, 2026, APMU is down -1.36% year-to-date (YTD), while SUB has returned 0.62%. That puts SUB better performer ahead so far this year.

Which ETF is attracting more investor money: APMU or SUB?

Year-to-date, the APMU ETF saw +$55M in flows, compared to +$2.44B for SUB.

Which ETF is more volatile: APMU or SUB?

Over the past year, APMU had a volatility of 2.39%, while SUB experienced 1.15%.

Which ETF is bigger: APMU or SUB?

As of October 15, 2026, APMU holds $252.63 M in assets under management (AUM), while SUB manages $12.68 B.

Investing in Municipal Bond ETFs

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