IBMPvsSUBETF Comparison
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iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) and iShares Short-Term National Muni Bond ETF (SUB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 2 sector exposures: Municipal and Non-Corporate. IBMP is more expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.07% for SUB. IBMP is up 1.54% year-to-date (YTD) with +$92M in YTD flows. SUB performs worse with 0.64% YTD performance, and +$2.50B in YTD flows. Run a side-by-side ETF comparison of IBMP 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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IBMP vs SUB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBMP SUB | +0.10%+0.09% | +0.20%-0.38% | +1.54%+0.64% | +2.00%+1.13% | +10.92%+9.28% | +3.92%+7.37% |
| Flows | IBMP SUB | +$19M+$1.05B | +$46M+$1.51B | +$92M+$2.50B | +$123M+$2.84B | +$393M+$3.82B | +$628M+$6.63B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBMP SUB | +0.66%+1.90% | +0.50%+1.15% | +1.26%+1.17% | +1.94%+1.22% |
| Max drawdown | IBMP SUB | -0.57%-1.94% | -0.57%-1.94% | -1.45%-1.94% | -9.31%-3.94% |
| Max drawdown duration | IBMP SUB | 46d52d | 46d52d | 195d52d | 1260d771d |
Trading data
IBMP | SUB | |
Last sale 10/16/2026 at 1:30 PM | $25.26 | $105.28 |
| Previous close 10/15/2026 | $25.24 | $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 September 30, 2026
1-year trailing difference
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IBMP | SUB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
IBMP | SUB | |
|---|---|---|
| Last price | $25.26 | $105.28 |
| 1D performance | +0.08% | +0.00% |
| AuM | $688.23 M | $12.74 B |
| E/R | 0.1% | 0.07% |
Characteristics
IBMP | SUB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | iShares |
| Benchmark | S&P AMT-Free Municipal Series Callable-Adjusted Dec 2027 Index | ICE Short Maturity AMT-Free US National Municipal Index |
| N° of holdings | 677 | 1169 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 9, 2019 | November 5, 2008 |
| ESG | No | No |
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Exposure
Countries
IBMP
USA
50.25%
Other
49.75%
SUB
USA
46.89%
Other
53.11%
Sectors
IBMP
Municipal
49.71%
Other
50.29%
SUB
Municipal
46.88%
Other
53.12%
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Diversification
IBMP
Total weight of top 15 holdings out of 15
5.33%
SUB
Total weight of top 15 holdings out of 15
3.97%
Top 15 holdings
Data as of August 31, 2026
IBMP
BlackRock Liquidity MuniCash
0.55%
Michigan, 5% 15mar2027, USD (2016)
0.45%
California, 5% 1apr2027, USD
0.44%
US91412HTM50
0.39%
US80585TCQ22
0.37%
Geisinger Authority Health System, 5% 1apr2043, USD (2021A)
0.36%
US09182NCB47
0.34%
El Camino Community College District, 0% 1aug2027, USD (2012C)
0.32%
US100853UQ10
0.32%
New Jersey, 5% 1jun2027, USD
0.32%
New Jersey Transportation Trust Fund Authority, 5% 15jun2027, USD (2011A)
0.32%
California Health Facilities Financing Authority, 5% 1nov2027, USD (2017A)
0.31%
District of Columbia, 5% 1oct2027, USD (2019C)
0.29%
Illinois, 5% 1nov2027, USD (2017D)
0.28%
Triborough Bridge and Tunnel Authority, 5% 15may2027, USD (2021C-2)
0.28%
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 IBMP and SUB
How have the IBMP and SUB ETFs performed in 2026?
As of October 16, 2026, IBMP is up 1.54% year-to-date (YTD), while SUB has returned 0.64%. That puts IBMP better performer ahead so far this year.
Which ETF is attracting more investor money: IBMP or SUB?
Year-to-date, the IBMP ETF saw +$92M in flows, compared to +$2.50B for SUB.
Which ETF is more volatile: IBMP or SUB?
Over the past year, IBMP had a volatility of 0.5%, while SUB experienced 1.15%.
Which ETF is bigger: IBMP or SUB?
As of October 16, 2026, IBMP holds $688.23 M in assets under management (AUM), while SUB manages $12.74 B.
What sectors do the IBMP and SUB ETFs invest in?
IBMP leans toward sectors like Municipal. Meanwhile, SUB focuses on Municipal.
What are the top holdings of the IBMP ETF and SUB ETF?
IBMP top holdings include BlackRock Liquidity MuniCash, Michigan, 5% 15mar2027, USD (2016) and California, 5% 1apr2027, USD. SUB holds in its top three: US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91.
Which ETF is more diversified: IBMP or SUB?
IBMP holds 1831 securities with 5.33% of its assets in the top 15. SUB has 2884 securities and a top 15 weight of 3.97%.
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Latest news about IBMP & SUB
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