SUBvsCGHMETF Comparison
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iShares Short-Term National Muni Bond ETF (SUB) and Capital Group Municipal High-Income ETF (CGHM) belong to the same industry segment: Municipal Bonds. SUB's top 2 sector exposures are Municipal and Non-Corporate. In contrast, CGHM's top sector exposures are Municipal. SUB is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.34% for CGHM. SUB is up 0.35% year-to-date (YTD) with +$2.28B in YTD flows. CGHM performs worse with -2.21% YTD performance, and +$1.20B in YTD flows. Run a side-by-side ETF comparison of SUB and CGHM 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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SUB vs CGHM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SUB CGHM | -0.30%-2.00% | -0.74%-5.13% | +0.35%-2.21% | +0.88%-1.19% | +8.97%n/a | +7.06%n/a |
| Flows | SUB CGHM | +$945M+$321M | +$1.28B+$498M | +$2.28B+$1.20B | +$2.62B+$1.42B | +$3.60B- | +$6.46B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SUB CGHM | +1.82%+5.24% | +1.11%+3.56% | +1.16%n/a | +1.21%n/a |
| Max drawdown | SUB CGHM | -1.94%-6.50% | -1.94%-6.96% | -1.94%n/a | -3.95%n/a |
| Max drawdown duration | SUB CGHM | 50d92d | 50d108d | 50dn/a | 772dn/a |
Trading data
SUB | CGHM | |
Last sale 10/15/2026 at 1:30 PM | $105.28 | $24.43 |
| Previous close 10/14/2026 | $104.99 | $24.19 |
| Consolidated volume 10/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 15, 2026
1-year trailing difference
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CGHM
is actively managed and doesn’t replicate an indexSUB | CGHM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/15/2026 at 1:30 PM
Live
Closed
SUB | CGHM | |
|---|---|---|
| Last price | $105.28 | $24.43 |
| 1D performance | +0.28% | +0.99% |
| AuM | $12.49 B | $3.52 B |
| E/R | 0.07% | 0.34% |
Characteristics
SUB | CGHM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Capital Group |
| Benchmark | ICE Short Maturity AMT-Free US National Municipal Index | - |
| N° of holdings | 1169 | 845 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 5, 2008 | June 25, 2024 |
| ESG | No | No |
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Exposure
Countries
SUB
USA
46.89%
Other
53.11%
CGHM
USA
45.11%
Other
54.89%
Sectors
SUB
Municipal
46.88%
Other
53.12%
CGHM
Municipal
45.11%
Other
54.89%
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Diversification
SUB
Total weight of top 15 holdings out of 15
3.97%
CGHM
Total weight of top 15 holdings out of 15
7.41%
Top 15 holdings
Data as of August 31, 2026
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%
CGHM
Puerto Rico, FRN 1nov2043, USD
1.31%
Puerto Rico, FRN 1nov2051, USD
0.86%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.61%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
0.53%
US419800PW17
0.50%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.44%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.43%
Puerto Rico Aqueduct and Sewer Authority, 5% 1jul2047, USD (2020A)
0.42%
City of New York, FRN 1apr2042, USD
0.35%
Capital Trust Agency, 5% 1jul2056, USD (2021A-1)
0.34%
US83703FLR19
0.33%
Black Belt Energy Gas District, 5% 1jun2036, USD (2026)
0.33%
US45203HAH57
0.33%
Kentucky Public Energy Authority, 5% 1jun2034, USD (2026)
0.32%
US433675AA39
0.31%
Frequently asked questions about SUB and CGHM
How have the SUB and CGHM ETFs performed in 2026?
As of October 14, 2026, SUB is up 0.35% year-to-date (YTD), while CGHM has lost -2.21%. That puts SUB better performer ahead so far this year.
Which ETF is attracting more investor money: SUB or CGHM?
Year-to-date, the SUB ETF saw +$2.28B in flows, compared to +$1.20B for CGHM.
Which ETF is more volatile: SUB or CGHM?
Over the past year, SUB had a volatility of 1.11%, while CGHM experienced 3.56%.
Which ETF is bigger: SUB or CGHM?
As of October 14, 2026, SUB holds $12.49 B in assets under management (AUM), while CGHM manages $3.52 B.
What sectors do the SUB and CGHM ETFs invest in?
SUB leans toward sectors like Municipal. Meanwhile, CGHM focuses on Municipal.
What are the top holdings of the SUB ETF and CGHM ETF?
SUB top holdings include US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91. CGHM holds in its top three: Puerto Rico, FRN 1nov2043, USD, Puerto Rico, FRN 1nov2051, USD and Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD.
Which ETF is more diversified: SUB or CGHM?
SUB holds 2884 securities with 3.97% of its assets in the top 15. CGHM has 2608 securities and a top 15 weight of 7.41%.
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Latest news about SUB & CGHM
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