SUBvsMMMAETF Comparison
VS
iShares Short-Term National Muni Bond ETF (SUB) and NYLI MacKay Muni Allocation ETF (MMMA) belong to the same industry segment: Municipal Bonds. SUB's top 2 sector exposures are Municipal and Non-Corporate. In contrast, MMMA's top sector exposures are Municipal. SUB is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.69% for MMMA. SUB is up 0.64% year-to-date (YTD) with +$2.50B in YTD flows. MMMA performs worse with -0.2% YTD performance, and +$31M in YTD flows. Run a side-by-side ETF comparison of SUB and MMMA 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 MMMA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SUB MMMA | +0.09%-0.49% | -0.38%-3.30% | +0.64%-0.20% | +1.13%n/a | +9.28%n/a | +7.37%n/a |
| Flows | SUB MMMA | +$1.05B+$29M | +$1.51B+$30M | +$2.50B+$31M | +$2.84B- | +$3.82B- | +$6.63B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SUB MMMA | +1.90%+5.86% | +1.15%n/a | +1.17%n/a | +1.22%n/a |
| Max drawdown | SUB MMMA | -1.94%-5.97% | -1.94%n/a | -1.94%n/a | -3.94%n/a |
| Max drawdown duration | SUB MMMA | 52d92d | 52dn/a | 52dn/a | 771dn/a |
Trading data
SUB | MMMA | |
Last sale 10/16/2026 at 1:30 PM | $105.28 | |
| Previous close 10/15/2026 | $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 October 18, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
MMMA
is actively managed and doesn’t replicate an indexSUB | MMMA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
SUB | MMMA | |
|---|---|---|
| Last price | $105.28 | – |
| 1D performance | +0.00% | – |
| AuM | $12.74 B | $56.92 M |
| E/R | 0.07% | 0.69% |
Characteristics
SUB | MMMA | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | New York Life Investments |
| Benchmark | ICE Short Maturity AMT-Free US National Municipal Index | - |
| N° of holdings | 1169 | 23 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 5, 2008 | December 16, 2025 |
| ESG | No | No |
Advertisement
Exposure
Countries
SUB
USA
46.89%
Other
53.11%
MMMA
USA
42.81%
Other
57.19%
Sectors
SUB
Municipal
46.88%
Other
53.12%
MMMA
Municipal
42.81%
Other
57.19%
Advertisement
Diversification
SUB
Total weight of top 15 holdings out of 15
3.97%
MMMA
Total weight of top 15 holdings out of 15
50.35%
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%
MMMA
US63877NPK71
4.24%
US8371516N47
3.80%
US544446BM85
3.73%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
3.57%
Illinois Toll Highway Authority, 5% 1jan2037, USD
3.52%
Chicago O'Hare International Airport, 5.5% 1jan2048, USD (2025E)
3.52%
US11506KHB08
3.46%
Chicago Board of Education, 6% 1apr2046, USD (2017)
3.42%
Equitable School Revolving Fund, 5.25% 1nov2053, USD (2023A)
3.42%
US24917QBP81
3.38%
US63607WBN39
3.15%
US59261ACR68
2.94%
Colorado Health Facilities Authority, 4% 1aug2049, USD (2019A-2)
2.90%
US03843TBE01
2.71%
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
2.60%
Frequently asked questions about SUB and MMMA
How have the SUB and MMMA ETFs performed in 2026?
As of October 16, 2026, SUB is up 0.64% year-to-date (YTD), while MMMA has lost -0.2%. That puts SUB better performer ahead so far this year.
Which ETF is attracting more investor money: SUB or MMMA?
Year-to-date, the SUB ETF saw +$2.50B in flows, compared to +$31M for MMMA.
Which ETF is bigger: SUB or MMMA?
As of October 16, 2026, SUB holds $12.74 B in assets under management (AUM), while MMMA manages $56.92 M.
What sectors do the SUB and MMMA ETFs invest in?
SUB leans toward sectors like Municipal. Meanwhile, MMMA focuses on Municipal.
What are the top holdings of the SUB ETF and MMMA ETF?
SUB top holdings include US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91. MMMA holds in its top three: US63877NPK71, US8371516N47 and US544446BM85.
Which ETF is more diversified: SUB or MMMA?
SUB holds 2884 securities with 3.97% of its assets in the top 15. MMMA has 49 securities and a top 15 weight of 50.35%.
Advertisement
Latest news about SUB & MMMA
Advertisement
