TOTRvsSUBETF Comparison
VS
T. Rowe Price Total Return ETF (TOTR) belongs to the Intl Aggregate Bonds segment. iShares Short-Term National Muni Bond ETF (SUB) is part of the Municipal Bonds segment. TOTR's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, SUB's top sector exposures are Municipal and Non-Corporate. TOTR is more expensive with a Total Expense Ratio (TER) of 0.31%, versus 0.07% for SUB. TOTR is down -1.68% year-to-date (YTD) with +$56M in YTD flows. SUB performs better with 0.64% YTD performance, and +$2.50B in YTD flows. Run a side-by-side ETF comparison of TOTR 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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TOTR vs SUB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TOTR SUB | -0.51%+0.09% | -2.06%-0.38% | -1.68%+0.64% | -1.14%+1.13% | +16.60%+9.28% | -7.35%+7.37% |
| Flows | TOTR SUB | +$11M+$1.05B | +$14M+$1.51B | +$56M+$2.50B | +$63M+$2.84B | +$489M+$3.82B | +$583M+$6.63B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TOTR SUB | +4.38%+1.90% | +3.77%+1.15% | +4.81%+1.17% | +5.89%+1.22% |
| Max drawdown | TOTR SUB | -3.49%-1.94% | -4.60%-1.94% | -4.60%-1.94% | -22.46%-3.94% |
| Max drawdown duration | TOTR SUB | 51d52d | 228d52d | 228d52d | 1801d771d |
Trading data
TOTR | SUB | |
Last sale 10/16/2026 at 1:30 PM | $38.51 | $105.28 |
| Previous close 10/15/2026 | $38.57 | $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
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TOTR
is actively managed and doesn’t replicate an indexTOTR | 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
TOTR | SUB | |
|---|---|---|
| Last price | $38.51 | $105.28 |
| 1D performance | -0.16% | +0.00% |
| AuM | $572.07 M | $12.74 B |
| E/R | 0.31% | 0.07% |
Characteristics
TOTR | SUB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | iShares |
| Benchmark | - | ICE Short Maturity AMT-Free US National Municipal Index |
| N° of holdings | 522 | 1169 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 28, 2021 | November 5, 2008 |
| ESG | No | No |
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Exposure
Countries
TOTR
USA
48.76%
Other
51.24%
SUB
USA
46.89%
Other
53.11%
Sectors
TOTR
Sovereign
24.74%
Industrials
11.48%
Finance
7.16%
Other
56.62%
SUB
Municipal
46.88%
Other
53.12%
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Diversification
TOTR
Total weight of top 15 holdings out of 15
20.22%
SUB
Total weight of top 15 holdings out of 15
3.97%
Top 15 holdings
Data as of August 31, 2026
TOTR
USA, Bonds 4.125% 15aug2044, USD
2.69%
USA, Notes 4.375% 31jan2032, USD (G-2032)
1.89%
USA, Notes 4.125% 29feb2032, USD (H-2032)
1.86%
USA, Bonds 4.25% 15aug2054, USD
1.81%
USA, Bonds 4.75% 15feb2045, USD
1.63%
USA, Bonds 4.625% 15feb2055, USD
1.61%
USA, Notes 4.5% 31dec2031, USD (T-2031)
1.30%
FN MA4492, 2% 1dec2051, USD (ABS)
1.04%
USA, Notes 4.125% 31jul2031, USD (N-2031)
1.02%
USA, Bonds 4.625% 15nov2044, USD
1.01%
USA, Bonds 4.625% 15nov2055, USD
0.98%
US01F0206957
0.92%
US01F0526982
0.86%
US21H0226975
0.80%
Fannie Mae or Freddie Mac TBA, 2.5% 1apr2046, USD (ABS)
0.78%
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 TOTR and SUB
How have the TOTR and SUB ETFs performed in 2026?
As of October 15, 2026, TOTR is down -1.68% year-to-date (YTD), while SUB has returned 0.64%. That puts SUB better performer ahead so far this year.
Which ETF is attracting more investor money: TOTR or SUB?
Year-to-date, the TOTR ETF saw +$56M in flows, compared to +$2.50B for SUB.
Which ETF is more volatile: TOTR or SUB?
Over the past year, TOTR had a volatility of 3.77%, while SUB experienced 1.15%.
Which ETF is bigger: TOTR or SUB?
As of October 15, 2026, TOTR holds $572.07 M in assets under management (AUM), while SUB manages $12.74 B.
What sectors do the TOTR and SUB ETFs invest in?
TOTR leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, SUB focuses on Municipal.
What are the top holdings of the TOTR ETF and SUB ETF?
TOTR top holdings include USA, Bonds 4.125% 15aug2044, USD, USA, Notes 4.375% 31jan2032, USD (G-2032) and USA, Notes 4.125% 29feb2032, USD (H-2032). SUB holds in its top three: US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91.
Which ETF is more diversified: TOTR or SUB?
TOTR holds 1174 securities with 20.22% 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 TOTR & SUB
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