BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

SUBvsMINOETF Comparison

ETF 1

SUB

iShares Short-Term National Muni Bond ETF

This fund is part of

Municipal Bonds

-0.03%

Full SUB fund page

VS

ETF 2

MINO

PIMCO Municipal Income Opportunities Active ETF

This fund is part of

Municipal Bonds

-0.03%

Full MINO fund page

iShares Short-Term National Muni Bond ETF (SUB) and PIMCO Municipal Income Opportunities Active ETF (MINO) belong to the same industry segment: Municipal Bonds. SUB's top 2 sector exposures are Municipal and Non-Corporate. In contrast, MINO's top sector exposures are Municipal and Sovereign. SUB is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.49% for MINO. SUB is up 1.03% year-to-date (YTD) with +$1.29B in YTD flows. MINO performs worse with -0.23% YTD performance, and +$310M in YTD flows. Run a side-by-side ETF comparison of SUB and MINO 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

SUB vs MINO 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 09/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SUB MINO	+0.15%-1.15%	+0.19%-1.95%	+1.03%-0.23%	+1.71%+4.16%	+9.19%+12.49%	+7.64%n/a
Flows	SUB MINO	+$292M+$30M	+$403M+$109M	+$1.29B+$310M	+$1.48B+$435M	+$2.23B+$689M	+$5.78B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SUB MINO	+0.79%+3.00%	+0.78%+2.58%	+1.09%+3.83%	+1.15%n/a
Max drawdown	SUB MINO	-0.46%-2.78%	-0.81%-2.78%	-1.33%-5.25%	-4.11%n/a
Max drawdown duration	SUB MINO	35d58d	117d58d	52d274d	804dn/a

Trading data

Create an account to view trading data

Join for free

	SUB	MINO
Last sale 9/3/2026 at 1:30 PM	$105.88	$44.15
Previous close 09/02/2026	$105.91	$44.15
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

Create an account to view replication metrics

Join for free

MINO

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

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

Main metrics

Last update 9/3/2026 at 1:30 PM

Live

Closed

	SUB	MINO
Last price	$105.88	$44.15
1D performance	-0.03%	-0.00%
AuM	$11.60 B	$755.68 M
E/R	0.07%	0.49%

Characteristics

	SUB	MINO
Management strategy	Passive	Active
Provider	iShares	PIMCO
Benchmark	ICE Short Maturity AMT-Free US National Municipal Index	-
N° of holdings	1231	121
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	November 5, 2008	September 8, 2021
ESG	No	No

More SUB data on Trackinsight

More MINO data on Trackinsight

Exposure

Countries

SUB

USA

49.36%

Other

50.64%

MINO

USA

51.38%

Other

48.62%

Sectors

SUB

Municipal

49.36%

Other

50.64%

MINO

Municipal

45.23%

Other

54.77%

Diversification

SUB

Total weight of top 15 holdings out of 15

3.53%

MINO

Total weight of top 15 holdings out of 15

18.83%

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%

MINO

USA, Notes 3.375% 29feb2028, USD (AY-2028)

2.23%

US20775DTS17

1.86%

USA, Notes 3.5% 28feb2031, USD (V-2031)

1.79%

Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A)

1.46%

New York Transitional Finance Authority, 5.25% 1may2048, USD (2025D)

1.39%

US60412AM678

1.17%

USA, Notes 4.625% 30apr2031, USD (K-2031)

1.07%

Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)

1.07%

Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2026)

1.02%

US882118AS16

1.00%

Cuyahoga, 5% 1dec2051, USD (2026)

0.96%

Black Belt Energy Gas District, 5% 1jan2034, USD (2026)

0.96%

US5755793L99

0.96%

US590545J420

0.96%

US45204FAH82

0.93%

Frequently asked questions about SUB and MINO

How have the SUB and MINO ETFs performed in 2026?

As of September 2, 2026, SUB is up 1.03% year-to-date (YTD), while MINO has lost -0.23%. That puts SUB better performer ahead so far this year.

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

Year-to-date, the SUB ETF saw +$1.29B in flows, compared to +$310M for MINO.

Which ETF is more volatile: SUB or MINO?

Over the past year, SUB had a volatility of 0.78%, while MINO experienced 2.58%.

Which ETF is bigger: SUB or MINO?

As of September 2, 2026, SUB holds $11.60 B in assets under management (AUM), while MINO manages $755.68 M.

What sectors do the SUB and MINO ETFs invest in?

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

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

SUB top holdings include New Jersey Economic Development Authority, 5% 1mar2028, USD (2023), US13063EDB92 and Empire State Development Corp., 5% 15sep2028, USD (2022A). MINO holds in its top three: USA, Notes 3.375% 29feb2028, USD (AY-2028), US20775DTS17 and USA, Notes 3.5% 28feb2031, USD (V-2031).

Which ETF is more diversified: SUB or MINO?

SUB holds 2867 securities with 3.53% of its assets in the top 15. MINO has 276 securities and a top 15 weight of 18.83%.

Investing in Municipal Bond ETFs

October 24, 2022

SUB

SUBvsMINOETF Comparison

iShares Short-Term National Muni Bond ETF

PIMCO Municipal Income Opportunities Active ETF

SUB vs MINO 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 SUB and MINO ETFs performed in 2026?

As of September 2, 2026, SUB is up 1.03% year-to-date (YTD), while MINO has lost -0.23%. That puts SUB better performer ahead so far this year.

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

Year-to-date, the SUB ETF saw +$1.29B in flows, compared to +$310M for MINO.

Which ETF is more volatile: SUB or MINO?

Over the past year, SUB had a volatility of 0.78%, while MINO experienced 2.58%.

Which ETF is bigger: SUB or MINO?

As of September 2, 2026, SUB holds $11.60 B in assets under management (AUM), while MINO manages $755.68 M.

What sectors do the SUB and MINO ETFs invest in?

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

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

SUB top holdings include New Jersey Economic Development Authority, 5% 1mar2028, USD (2023), US13063EDB92 and Empire State Development Corp., 5% 15sep2028, USD (2022A). MINO holds in its top three: USA, Notes 3.375% 29feb2028, USD (AY-2028), US20775DTS17 and USA, Notes 3.5% 28feb2031, USD (V-2031).

Which ETF is more diversified: SUB or MINO?

SUB holds 2867 securities with 3.53% of its assets in the top 15. MINO has 276 securities and a top 15 weight of 18.83%.

Investing in Municipal Bond ETFs

Have you tried our ETF Compare tool?