SUB vs VYM
iShares Short-Term National Muni Bond ETF vs Vanguard High Dividend Yield ETF
Which is better, SUB or VYM?
Municipal Bond against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SUB | VYM |
|---|---|---|
| Expense Ratio | 0.07% | 0.04%Best |
| AUM | $11.6B | $81.6B |
| Dividend Yield | 2.56% | 2.22% |
| Holdings | 2,925 | 613 |
| YTD Return | +0.48% | +12.29%Best |
| 1Y Return | +1.00% | +16.61%Best |
| 3Y Return (annualized) | +2.91% | +17.42%Best |
| 5Y Return (annualized) | +1.38% | +12.12%Best |
| Volatility (annualized) | 1.7%Best | 14.2% |
| Max Drawdown | -11.7%Best | -35.7% |
| $10,000 over 5 years | $10,709 | $17,718Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Value |
| Inception | Nov 5, 2008 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2008 to Sep 17, 2026 (17.9 years).
SUB vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SUB vs VYM Performance
iShares Short-Term National Muni Bond ETF (SUB) is an ETF from iShares by BlackRock (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SUB returned +1.00% while VYM returned +16.61%. Year to date, SUB is up 0.48% versus a gain of 12.29% for VYM.
Over three years, SUB compounded at +2.91% per year against +17.42% for VYM; over five years the annualized figures are +1.38% and +12.12% respectively. Across the full 18-year window we track, VYM has the edge at +9.95% annualized vs +0.78%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 1.7% for SUB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -11.7% for SUB and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.19. They move largely independently of each other.
Fees and Cost Over Time
SUB charges 0.07% per year while VYM charges 0.04%. On a $10,000 position that is $7 vs $4 annually, a gap of $3 per year that compounds over a long holding period. On income, SUB currently yields 2.56% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 762 holdings in SUB and 557 in VYM, totalling 29.6% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 762 positions we hold weights for in SUB and 557 in VYM, against full books of 2,925 and 613.
You are not choosing between two funds in isolation.
Whichever of SUB and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SUB or VYM?
SUB has an expense ratio of 0.07% while VYM charges 0.04%. VYM is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, SUB or VYM?
Over the past year SUB returned +1.00% vs +16.61% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (18 years), SUB annualized +0.78% vs +9.95% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SUB or VYM?
VYM has been the more volatile fund at 14.2% annualized versus 1.7% for SUB. Worst drawdown: SUB -11.7% vs VYM -35.7%.
Should I hold both SUB and VYM?
SUB and VYM have a monthly-return correlation of 0.19, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SUB or VYM?
SUB yields 2.56% while VYM yields 2.22%, so SUB currently pays the higher dividend yield.
Is VYM better than SUB?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.