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MUNI vs SUB

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund vs iShares Short-Term National Muni Bond ETF

MUNI

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

Annual cost

0.35%

Fund size

$2.9B

SUB

iShares Short-Term National Muni Bond ETF

Annual cost

0.07%

Fund size

$11.1B

Key differences

  • SUB costs 0.28% less per year.
  • SUB is significantly larger than MUNI — larger funds tend to be more liquid and less likely to close.
  • MUNI follows a active selection strategy; SUB uses index tracking.

Side-by-side comparison

MUNISUB
Annual cost (TER)0.35%0.07%
Fund size (AUM)$2.9B$11.1B
Since20092008
Dividend yield3.28%2.48%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+6.4%+3.2%
CAGR 3Y+4.2%+3.2%
CAGR 5Y+1.3%+1.5%
Sharpe 3Y0.18-0.23
Volatility 1Y2.27%1.01%
Max drawdown-11.16%-9.46%

Similar to MUNI and SUB