Which returned more over the last year, SUB or VTES?

In the year to Oct 9, 2026, with distributions reinvested, SUB returned +0.8% and VTES 0.0%.

Which is cheaper, SUB or VTES?

VTES is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

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SUB vs VTES: Differences, Returns & Fees

On May 31, 2026 SUB's duration was 1.8 years and VTES's 2.8; VTES charges 0.05% to SUB's 0.07%. Net assets: $12.3bn on Oct 9, 2026 for iShares Short-Term National Muni Bond ETF, and $3.6bn on Sep 30, 2026 for Vanguard Short-Term Tax-Exempt Bond ETF.

VTES costs 0.02 points a year less; their one-year returns differ by 0.8 points; SUB is 3.3 times larger.

	SUB	VTES
Expense ratio	0.07%	0.05%
Net assets, as of Sep 30, 2026	$11.9bn	$3.6bn
Total return, 1 year	+0.8%	0.0%
What it tracks	ICE Short Maturity AMT-Free US National Municipal Index	S&P 0-7 Year National AMT-Free Municipal Bond Index
Holdings in common	18%

Holdings in common uses holdings dated May 31, 2026.

+0.8%

SUB total return, 1 year

0.0%

VTES total return, 1 year

0.07%

SUB expense ratio

0.05%

VTES expense ratio

What they hold in common

By the books each fund has filed, SUB and VTES hold 18% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026.

50%

half

18% in common

Positions both hold, largest shared weight first

Holding SUB VTES

State of New Jersey, Series 2020A, due Jun 1, 2030 0.19% 0.19%

East County Advanced Water Purification Joint Powers Authority, due Sep 1, 2026 0.18% 0.20%

State of New Jersey, Series 2020A, due Jun 1, 2028 0.17% 0.22%

State of New Jersey, Series 2020A, due Jun 1, 2026 0.21% 0.17%

University of California, Series 2025CD, due May 15, 2030 0.25% 0.15%

State of Illinois, Series 2017D, due Nov 1, 2027 0.14% 0.23%

Ohio Water Development Authority, Series 2018, due Jun 1, 2028 0.20% 0.12%

Connecticut State Health & Educational Facilities Authority, Series 2025B-1, due Jul 1, 2064 0.20% 0.11%

State of New Jersey, Series 2020A, due Jun 1, 2027 0.11% 0.11%

Commonwealth of Massachusetts, Series 2004A, due Aug 1, 2030 0.20% 0.11%

State of Michigan Trunk Line, Series 2020B, due Nov 15, 2028 0.10% 0.11%

Los Angeles Department of Water & Power, Series 2025C, due Jul 1, 2030 0.10% 0.15%

Only in SUB

County of King, Series 2024, due Jan 1, 2042 0.35%

San Antonio Water System, Series 2025D, due May 1, 2055 0.28%

City of Seattle, Series 2023B, due Nov 1, 2046 0.27%

Empire State Development Corp., Series 2022A, due Sep 15, 2028 0.25%

Pennsylvania Turnpike Commission, Series 2023B, due Dec 1, 2043 0.25%

State of California, due Nov 1, 2027 0.24%

District of Columbia Water & Sewer Authority, Series 2025C-2, due Oct 1, 2060 0.22%

State of Connecticut Special Tax, Series 2025A, due Jul 1, 2030 0.21%

Only in VTES

NYC TRANSITIONAL-G-1, due Nov 1, 2029 0.27%

CALIFORNIA ST-REF, due Aug 1, 2030 0.25%

NEW JERSEY ST ECON DE, due Jun 15, 2042 0.23%

LOS ANGELES UNIF SD-A, due Jul 1, 2032 0.21%

WYANDOTTE CO SD#500-A, due Sep 1, 2042 0.20%

UNIV OF TEXAS TX PERM, due Jul 1, 2041 0.20%

CA REGENTS UNIV-CD, due May 15, 2032 0.18%

CALIFORNIA ST-REF, due Aug 1, 2032 0.18%

Check overlap with more funds →

On the same fields

SUB

iShares Short-Term National Muni Bond ETF

VTES

Vanguard Short-Term Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares Vanguard

What it is Tracks an index Tracks an index

Total return, 1 year +0.8% 0.0%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −16.4 pts −17.2 pts

Expense ratio 0.07% 0.05%

Holdings 3057 3443

Net assets, SUB as of Oct 9, 2026 and VTES as of Sep 30, 2026 $12.3bn $3.6bn

SUB and VTES on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

SUB in plain words

SUB tracks an index. Over the year to Oct 9, 2026 it returned +0.8% with distributions reinvested. The prospectus expense ratio is 0.07% a year.

VTES in plain words

VTES tracks an index. Over the year to Oct 9, 2026 it returned 0.0% with distributions reinvested. The prospectus expense ratio is 0.05% a year.

Questions people ask

Which returned more over the last year, SUB or VTES?: In the year to Oct 9, 2026, with distributions reinvested, SUB returned +0.8% and VTES 0.0%.
Which is cheaper, SUB or VTES?: VTES is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

SUB vs TAFI SHM vs SUB JMST vs SUB CGSM vs SUB JMST vs VTES SHM vs VTES CGSM vs VTES SMMU vs VTES

SUB on its own →VTES on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

SUB filings on SEC EDGAR ↗SUB prospectus with the expense ratio (SEC) ↗iShares page for SUB ↗VTES filings on SEC EDGAR ↗VTES prospectus with the expense ratio (SEC) ↗Vanguard page for VTES ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, SUB against VTES, data as of Oct 9, 2026. https://etfiq.com/compare/any/sub-vs-vtes

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.