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ETF comparison

SCMB vs SUB

Both US Municipal Bond.

Schwab Municipal Bond ETF · iShares Short-Term National Muni Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
5.8 %

543 positions appear in both funds. Buying equal dollars of SCMB and SUB would leave roughly 5.8% of each dollar exposed to the same underlying securities.

SCMB unmatched 93.2% Shared 5.8% SUB unmatched 94.0%

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 SCMB only
6,302 positions
Shared
543 positions
In SUB only
2,373 positions

Side by side

SCMB

Schwab Municipal Bond ETF

Schwab · US Municipal Bond

92 composite / 100
Expense ratio
0.030%
Net assets
$3.07B
TTM yield
3.72%
Top-10 conc.
1.9%
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
93
Tax efficiency
93
78
Liquidity
100
100
Concentration
100
—
Tracking quality
—
SCMB sub-score SUB

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

Cost difference

SCMB 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 SCMB vs SUB.

Top shared holdings

543 shared in total
# Holding In SCMB In SUB Overlap
1 State of California 0.13% 0.15% 0.13%
2 Empire State Development Corp 0.11% 0.25% 0.11%
3 University of California 0.14% 0.09% 0.09%
4 San Antonio Water System 0.08% 0.28% 0.08%
5 State of Texas 0.08% 0.07% 0.07%
6 Commonwealth of Massachusetts 0.06% 0.11% 0.06%
7 Metropolitan Transportation Authority 0.06% 0.13% 0.06%
8 State of Illinois 0.05% 0.15% 0.05%
9 Los Angeles Department of Water & Power 0.05% 0.10% 0.05%
10 State of New Jersey 0.05% 0.17% 0.05%
11 State of New Jersey 0.05% 0.19% 0.05%
12 New York City Transitional Finance Authority Future Tax Secured Revenue 0.05% 0.09% 0.05%

Only in SCMB

6,302 total
  • Commonwealth of Massachusetts 0.22%
  • Gwinnett County School District 0.22%
  • Commonwealth of Pennsylvania 0.21%
  • City of New York NY 0.20%
  • State of California Department of Water Resources 0.19%
  • State of Washington 0.17%
  • State of California 0.17%
  • New York City Municipal Water Finance Authority 0.17%
  • Northwest Independent School District 0.16%
  • Commonwealth of Massachusetts 0.16%

Only in SUB

2,373 total
  • County of King 0.35%
  • City of Seattle 0.27%
  • Pennsylvania Turnpike Commission 0.25%
  • New Jersey Turnpike Authority 0.25%
  • State of California 0.24%
  • State of California 0.24%
  • State of Connecticut Special Tax 0.21%
  • State of New Jersey 0.21%
  • City of New York 0.21%
  • City of Houston Combined Utility System 0.21%

Percentages are holdings overlap with the named fund.

Open SCMB 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.