ETF comparison
MUNI vs SUB
Both US Municipal Bond.
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund · iShares Short-Term National Muni Bond ETF
Holdings overlap
15 positions appear in both funds. Buying equal dollars of MUNI and SUB would leave roughly 0.5% of each dollar exposed to the same underlying securities.
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.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
SUB is 28 bps cheaper than MUNI. On a $100,000 position that's about $280/yr more in fees for MUNI.
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 MUNI vs SUB.
Top shared holdings
15 shared in total| # | Holding | In MUNI | In SUB | Overlap |
|---|---|---|---|---|
| 1 | State of Illinois | 0.24% | 0.10% | 0.10% |
| 2 | City of San Antonio TX Electric & Gas Systems Revenue | 0.37% | 0.09% | 0.09% |
| 3 | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.09% | 0.06% | 0.06% |
| 4 | North Texas Tollway Authority | 0.15% | 0.05% | 0.05% |
| 5 | City of New York NY | 0.46% | 0.04% | 0.04% |
| 6 | Fort Bend Independent School District | 0.79% | 0.03% | 0.03% |
| 7 | Illinois State Toll Highway Authority | 0.09% | 0.03% | 0.03% |
| 8 | Grand Parkway Transportation Corp | 0.17% | 0.03% | 0.03% |
| 9 | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.49% | 0.02% | 0.02% |
| 10 | Central Texas Turnpike System | 0.12% | 0.02% | 0.02% |
| 11 | State of North Carolina | 0.15% | 0.01% | 0.01% |
| 12 | State of Connecticut | 0.09% | 0.01% | 0.01% |
Only in MUNI
631 total- United States Treasury 2.20%
- United States Treasury 1.78%
- United States Treasury 1.16%
- United States Treasury 0.86%
- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.81%
- Connecticut State Health & Educational Facilities Authority 0.81%
- Black Belt Energy Gas District 0.81%
- Texas Municipal Gas Acquisition & Supply Corp V 0.80%
- FHLMC Multifamily VRD Certificates 0.71%
- Michigan State Housing Development Authority 0.70%
Only in SUB
2,901 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 MUNI
- MUNI vs SHY · iShares 1-3 Year Treasury Bond ETF 0.3%
- MUNI vs CMF · iShares California Muni Bond ETF 0.2%
- MUNI vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- MUNI vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
- MUNI vs SCHP · Schwab U.S. TIPS ETF 0.0%
- MUNI vs TIP · iShares TIPS Bond ETF 0.0%
More comparisons with SUB
- SUB vs HYD · VanEck High Yield Muni ETF 0.5%
- SUB vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- SUB vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- SUB vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- SUB vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
- SUB vs GOVT · iShares U.S. Treasury Bond ETF 0.0%
Percentages are holdings overlap with the named fund.
Open MUNI or SUB at a brokerage
Both funds trade commission-free at major US brokerages.
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.