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ETF comparison

BND vs SUB

US Aggregate Bond vs US Municipal Bond.

Vanguard Total Bond Market Index Fund ETF Shares · iShares Short-Term National Muni Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.0 %

0 positions appear in both funds. Buying equal dollars of BND and SUB would leave roughly 0.0% of each dollar exposed to the same underlying securities.

BND unmatched 99.0% Shared 0.0% SUB unmatched 99.8%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In BND only
17,396 positions
Shared
0 positions
In SUB only
2,916 positions

Side by side

BND

Vanguard Total Bond Market Index Fund ETF Shares

Vanguard · US Aggregate Bond

89 composite / 100
Expense ratio
0.030%
Net assets
$389.05B
whole fund, 6 share classes
TTM yield
4.13%
Top-10 conc.
4.1%
SUB

iShares Short-Term National Muni Bond ETF

iShares · US Municipal Bond

96 composite / 100
Expense ratio
0.070%
Net assets
$11.88B
TTM yield
2.58%
Top-10 conc.
2.8%

Sub-score comparison

97
Cost
93
52
Tax efficiency
93
100
Liquidity
100
100
Concentration
100
—
Tracking quality
—
BND sub-score SUB

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

BND is 4 bps cheaper than SUB. On a $100,000 position that's about $40/yr more in fees for SUB.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with BND vs SUB.

Top shared holdings

0 shared in total

No shared holdings between these funds.

Only in BND

17,396 total
  • United States Treasury Note/Bond 0.47%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.40%
  • United States Treasury Note/Bond 0.39%
  • United States Treasury Note/Bond 0.39%

Only in SUB

2,916 total
  • New Jersey Economic Development Authority 0.37%
  • County of King 0.35%
  • San Antonio Water System 0.28%
  • City of Seattle 0.27%
  • State of California 0.27%
  • Empire State Development Corp. 0.25%
  • Pennsylvania Turnpike Commission 0.25%
  • University of California 0.25%
  • New Jersey Turnpike Authority 0.25%
  • State of California 0.24%

Related comparisons

More comparisons with BND

More comparisons with SUB

Percentages are holdings overlap with the named fund.

Open BND or SUB at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.