SUBvsFTNYETF Comparison
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iShares Short-Term National Muni Bond ETF (SUB) and Franklin New York Municipal Income ETF (FTNY) belong to the same industry segment: Municipal Bonds. SUB's top 2 sector exposures are Municipal and Non-Corporate. In contrast, FTNY's top sector exposures are Municipal. SUB is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.37% for FTNY. SUB is up 1.03% year-to-date (YTD) with +$1.29B in YTD flows. FTNY performs worse with -2.32% YTD performance, and -$25M in YTD flows. Run a side-by-side ETF comparison of SUB and FTNY 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 FTNY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SUB FTNY | +0.15%-1.52% | +0.19%-3.60% | +1.03%-2.32% | +1.71%n/a | +9.19%n/a | +7.64%n/a |
| Flows | SUB FTNY | +$292M+$4M | +$403M-$39M | +$1.29B-$25M | +$1.48B- | +$2.23B- | +$5.78B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SUB FTNY | +0.79%+3.76% | +0.78%n/a | +1.09%n/a | +1.15%n/a |
| Max drawdown | SUB FTNY | -0.46%-4.38% | -0.81%n/a | -1.33%n/a | -4.11%n/a |
| Max drawdown duration | SUB FTNY | 35d64d | 117dn/a | 52dn/a | 804dn/a |
Trading data
SUB | FTNY | |
Last sale 9/3/2026 at 1:30 PM | $105.88 | $7.62 |
| Previous close 09/02/2026 | $105.91 | $7.63 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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FTNY
is actively managed and doesn’t replicate an indexSUB | FTNY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
SUB | FTNY | |
|---|---|---|
| Last price | $105.88 | $7.62 |
| 1D performance | -0.03% | -0.12% |
| AuM | $11.60 B | $586.63 M |
| E/R | 0.07% | 0.37% |
Characteristics
SUB | FTNY | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Franklin Templeton |
| Benchmark | ICE Short Maturity AMT-Free US National Municipal Index | - |
| N° of holdings | 1231 | 95 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 5, 2008 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
SUB
USA
49.36%
Other
50.64%
FTNY
USA
51.95%
Other
48.05%
Sectors
SUB
Municipal
49.36%
Other
50.64%
FTNY
Municipal
51.95%
Other
48.05%
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Diversification
SUB
Total weight of top 15 holdings out of 15
3.53%
FTNY
Total weight of top 15 holdings out of 15
23.42%
Top 15 holdings
Data as of July 31, 2026
SUB
New Jersey Economic Development Authority, 5% 1mar2028, USD (2023)
0.37%
US13063EDB92
0.28%
Empire State Development Corp., 5% 15sep2028, USD (2022A)
0.25%
US91412HWB58
0.25%
US646140JM63
0.24%
California, 5% 1nov2027, USD
0.24%
California, 5% 1apr2029, USD
0.24%
US373385QU02
0.22%
Massachusetts, 5.5% 1aug2030, USD (2004A)
0.21%
City of New York, 5.75% 15may2012, USD
0.21%
US207758Y563
0.21%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.21%
Pennsylvania, 5% 1mar2028, USD
0.20%
US495290ET12
0.20%
New Jersey, 4% 1jun2030, USD
0.20%
FTNY
New York Liberty Development Corp., 3% 15sep2043, USD (2015B)
3.26%
New York Liberty Development Corp., 5% 15nov2044, USD
2.42%
New York Transitional Finance Authority, 5.5% 1nov2045, USD
1.87%
US64985TEM99
1.84%
Long Island Power Authority, 5% 1sep2049, USD (2024A)
1.82%
New York Municipal Water Finance Authority, 5.25% 15jun2053, USD (2025)
1.81%
New York Dormitory Authority, 4% 1may2045, USD (2022A)
1.60%
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2025)
1.35%
New York Dormitory Authority, 5.5% 1jul2040, USD (2001(1)
1.17%
New York Liberty Development Corp., 2.75% 15feb2044, USD
1.10%
Build NYC Resource Corp., 5.25% 1jul2062, USD (2022)
1.08%
City of New York, 5.25% 1mar2053, USD (2024)
1.05%
US62947YAC57
1.03%
US650116GY64
1.02%
Triborough Bridge and Tunnel Authority, 5.25% 15may2052, USD (2022C)
0.99%
Frequently asked questions about SUB and FTNY
How have the SUB and FTNY ETFs performed in 2026?
As of September 2, 2026, SUB is up 1.03% year-to-date (YTD), while FTNY has lost -2.32%. That puts SUB better performer ahead so far this year.
Which ETF is attracting more investor money: SUB or FTNY?
Year-to-date, the SUB ETF saw +$1.29B in flows, compared to -$25M for FTNY.
Which ETF is bigger: SUB or FTNY?
As of September 2, 2026, SUB holds $11.60 B in assets under management (AUM), while FTNY manages $586.63 M.
What sectors do the SUB and FTNY ETFs invest in?
SUB leans toward sectors like Municipal. Meanwhile, FTNY focuses on Municipal.
What are the top holdings of the SUB ETF and FTNY ETF?
SUB top holdings include New Jersey Economic Development Authority, 5% 1mar2028, USD (2023), US13063EDB92 and Empire State Development Corp., 5% 15sep2028, USD (2022A). FTNY holds in its top three: New York Liberty Development Corp., 3% 15sep2043, USD (2015B), New York Liberty Development Corp., 5% 15nov2044, USD and New York Transitional Finance Authority, 5.5% 1nov2045, USD.
Which ETF is more diversified: SUB or FTNY?
SUB holds 2867 securities with 3.53% of its assets in the top 15. FTNY has 252 securities and a top 15 weight of 23.42%.
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Latest news about SUB & FTNY
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