BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

FMNYvsSUBETF Comparison

ETF 1

FMNY

First Trust New York Municipal High Income ETF

This fund is part of

Municipal Bonds

-0%

Full FMNY fund page

VS

ETF 2

SUB

iShares Short-Term National Muni Bond ETF

This fund is part of

Municipal Bonds

-0%

Full SUB fund page

First Trust New York Municipal High Income ETF (FMNY) 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. FMNY is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.07% for SUB. FMNY is down -1.79% year-to-date (YTD) with -$547K in YTD flows. SUB performs better with 0.64% YTD performance, and +$2.50B in YTD flows. Run a side-by-side ETF comparison of FMNY 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.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

FMNY vs SUB performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

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.	FMNY SUB	-0.67%+0.09%	-4.72%-0.38%	-1.79%+0.64%	-1.18%+1.13%	+7.45%+9.28%	-3.89%+7.37%
Flows	FMNY SUB	-$11M+$1.05B	-$11M+$1.51B	-$547K+$2.50B	+$2M+$2.84B	+$14M+$3.82B	+$14M+$6.63B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FMNY SUB	+5.80%+1.90%	+3.59%+1.15%	+4.12%+1.17%	+3.94%+1.22%
Max drawdown	FMNY SUB	-7.03%-1.94%	-7.49%-1.94%	-7.49%-1.94%	-15.62%-3.94%
Max drawdown duration	FMNY SUB	88d52d	102d52d	102d52d	1746d771d

Trading data

Create an account to view trading data

Join for free

	FMNY	SUB
Last sale 10/16/2026 at 1:30 PM	$25.22	$105.28
Previous close 10/15/2026	$25.18	$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 19, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

FMNY

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

	FMNY	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

	FMNY	SUB
Last price	$25.22	$105.28
1D performance	+0.18%	+0.00%
AuM	$25.23 M	$12.74 B
E/R	0.49%	0.07%

Characteristics

	FMNY	SUB
Management strategy	Active	Passive
Provider	First Trust	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 13, 2021	November 5, 2008
ESG	No	No

More FMNY data on Trackinsight

More SUB data on Trackinsight

Exposure

Countries

FMNY

Data will be available soon

SUB

USA

46.89%

Other

53.11%

Sectors

FMNY

Data will be available soon

SUB

Municipal

46.88%

Other

53.12%

Diversification

FMNY

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

FMNY

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 FMNY and SUB

How have the FMNY and SUB ETFs performed in 2026?

As of October 15, 2026, FMNY is down -1.79% year-to-date (YTD), while SUB has returned 0.64%. That puts SUB better performer ahead so far this year.

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

Year-to-date, the FMNY ETF saw -$547K in flows, compared to +$2.50B for SUB.

Which ETF is more volatile: FMNY or SUB?

Over the past year, FMNY had a volatility of 3.59%, while SUB experienced 1.15%.

Which ETF is bigger: FMNY or SUB?

As of October 15, 2026, FMNY holds $25.23 M in assets under management (AUM), while SUB manages $12.74 B.

Investing in Municipal Bond ETFs

October 24, 2022

SUB

FMNYvsSUBETF Comparison

First Trust New York Municipal High Income ETF

iShares Short-Term National Muni Bond ETF

FMNY vs SUB performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FMNY and SUB ETFs performed in 2026?

As of October 15, 2026, FMNY is down -1.79% year-to-date (YTD), while SUB has returned 0.64%. That puts SUB better performer ahead so far this year.

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

Year-to-date, the FMNY ETF saw -$547K in flows, compared to +$2.50B for SUB.

Which ETF is more volatile: FMNY or SUB?

Over the past year, FMNY had a volatility of 3.59%, while SUB experienced 1.15%.

Which ETF is bigger: FMNY or SUB?

As of October 15, 2026, FMNY holds $25.23 M in assets under management (AUM), while SUB manages $12.74 B.

Investing in Municipal Bond ETFs

Expert-Built ETF Portfolios, All in One Place