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HIMUvsSUBETF Comparison

ETF 1

HIMU

iShares High Yield Muni Active ETF

This fund is part of

Municipal Bonds

-0%

Full HIMU 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

iShares High Yield Muni Active ETF (HIMU) and iShares Short-Term National Muni Bond ETF (SUB) belong to the same industry segment: Municipal Bonds. HIMU's top 3 sector exposures are Municipal, Non-Corporate and Non-Energy Materials. In contrast, SUB's top sector exposures are Municipal and Non-Corporate. HIMU is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.07% for SUB. HIMU is down -1.2% year-to-date (YTD) with +$382M 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 HIMU 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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HIMU 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 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HIMU SUB	-0.46%+0.09%	-4.78%-0.38%	-1.20%+0.64%	-0.87%+1.13%	n/a+9.28%	n/a+7.37%
Flows	HIMU SUB	+$180M+$1.05B	+$375M+$1.51B	+$382M+$2.50B	+$522M+$2.84B	-+$3.82B	-+$6.63B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HIMU SUB	+6.78%+1.90%	+4.34%+1.15%	n/a+1.17%	n/a+1.22%
Max drawdown	HIMU SUB	-7.34%-1.94%	-8.08%-1.94%	n/a-1.94%	n/a-3.94%
Max drawdown duration	HIMU SUB	92d52d	102d52d	n/a52d	n/a771d

Trading data

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	HIMU	SUB
Last sale 10/19/2026 at 2:24 PM	$46.27	$105.29
Previous close 10/16/2026	$46.28	$105.28
Consolidated volume 10/16/2026
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

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HIMU

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 10/19/2026 at 2:24 PM

Live

Closed

	HIMU	SUB
Last price	$46.27	$105.29
1D performance	-0.02%	+0.00%
AuM	$2.62 B	$12.74 B
E/R	0.4%	0.07%

Characteristics

	HIMU	SUB
Management strategy	Active	Passive
Provider	iShares	iShares
Benchmark	-	ICE Short Maturity AMT-Free US National Municipal Index
N° of holdings	210	1169
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	February 10, 2025	November 5, 2008
ESG	No	No

More HIMU data on Trackinsight

More SUB data on Trackinsight

Exposure

Countries

HIMU

USA

41.81%

Other

58.19%

SUB

USA

46.89%

Other

53.11%

Sectors

HIMU

Municipal

36.95%

Other

63.05%

SUB

Municipal

46.88%

Other

53.12%

Diversification

HIMU

Total weight of top 15 holdings out of 15

19.53%

SUB

Total weight of top 15 holdings out of 15

3.97%

Top 15 holdings

Data as of August 31, 2026

HIMU

BlackRock Liquidity MuniCash

4.80%

Puerto Rico, FRN 1nov2051, USD

2.40%

US13034A7E44

1.72%

Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD

1.50%

Golden State Tobacco Securitization Corp., 0% 1jun2066, USD (2021B-2)

1.41%

US74514L4E41

1.33%

Port of Beaumont Navigation District, 4% 1jan2050, USD (2020A)

0.95%

US650028H634

0.79%

US04108WCK62

0.75%

US19648FSJ48

0.72%

Buckeye Tobacco Settlement Financing Authority, 0% 1jun2057, USD (2020B-3)

0.68%

US74442PH321

0.68%

Port of Portland, 4% 1jul2050, USD

0.63%

US837031H972

0.59%

US837031H717

0.58%

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 HIMU and SUB

How have the HIMU and SUB ETFs performed in 2026?

As of October 16, 2026, HIMU is down -1.2% 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: HIMU or SUB?

Year-to-date, the HIMU ETF saw +$382M in flows, compared to +$2.50B for SUB.

Which ETF is more volatile: HIMU or SUB?

Over the past year, HIMU had a volatility of 4.34%, while SUB experienced 1.15%.

Which ETF is bigger: HIMU or SUB?

As of October 16, 2026, HIMU holds $2.62 B in assets under management (AUM), while SUB manages $12.74 B.

What sectors do the HIMU and SUB ETFs invest in?

HIMU leans toward sectors like Municipal. Meanwhile, SUB focuses on Municipal.

What are the top holdings of the HIMU ETF and SUB ETF?

HIMU top holdings include BlackRock Liquidity MuniCash, Puerto Rico, FRN 1nov2051, USD and US13034A7E44. SUB holds in its top three: US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91.

Which ETF is more diversified: HIMU or SUB?

HIMU holds 866 securities with 19.53% of its assets in the top 15. SUB has 2884 securities and a top 15 weight of 3.97%.

Investing in Municipal Bond ETFs

October 24, 2022

SUB

HIMUvsSUBETF Comparison

iShares High Yield Muni Active ETF

iShares Short-Term National Muni Bond ETF

HIMU 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 HIMU and SUB ETFs performed in 2026?

As of October 16, 2026, HIMU is down -1.2% 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: HIMU or SUB?

Year-to-date, the HIMU ETF saw +$382M in flows, compared to +$2.50B for SUB.

Which ETF is more volatile: HIMU or SUB?

Over the past year, HIMU had a volatility of 4.34%, while SUB experienced 1.15%.

Which ETF is bigger: HIMU or SUB?

As of October 16, 2026, HIMU holds $2.62 B in assets under management (AUM), while SUB manages $12.74 B.

What sectors do the HIMU and SUB ETFs invest in?

HIMU leans toward sectors like Municipal. Meanwhile, SUB focuses on Municipal.

What are the top holdings of the HIMU ETF and SUB ETF?

HIMU top holdings include BlackRock Liquidity MuniCash, Puerto Rico, FRN 1nov2051, USD and US13034A7E44. SUB holds in its top three: US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91.

Which ETF is more diversified: HIMU or SUB?

HIMU holds 866 securities with 19.53% of its assets in the top 15. SUB has 2884 securities and a top 15 weight of 3.97%.

Investing in Municipal Bond ETFs

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