SUB vs ACWX

Comparison between ISHARES SHORT-TERM NATIONAL MUNI BOND ETF (SUB, ETF) and ISHARES MSCI ACWI EX U.S. ETF (ACWX, ETF).

5-Year PerformanceACWX has outperformed SUB, delivering a return of +9.1% compared to +1.4%

SUB vs ACWX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SUB(ETF)	ACWX(ETF)
Net Assets	$11B	$11B
Expense Ratio	0.07%	0.32%
Max Drawdown	11.72%	60.59%
Sharpe Ratio	-0.42	1.72
5Y Beta	0.01	0.74
5Y Dividends CAGR	19.17%	8.27%

Net Assets

SUB

$11B

ACWX

$11B

Expense Ratio

Winner

SUB

0.07%

ACWX

0.32%

Max Drawdown

Winner

SUB

11.72%

ACWX

60.59%

Sharpe Ratio

SUB

-0.42

Winner

ACWX

1.72

5Y Beta

Winner

SUB

0.01

ACWX

0.74

5Y Dividends CAGR

Winner

SUB

19.17%

ACWX

8.27%

SUB vs ACWX - Historical Returns

Returns include dividend reinvestment.

Period	SUB	ACWX
1 month	-0.11%	+2.62%
3 months	-0.38%	+2.32%
6 months	+1.05%	+12.50%
1 year	+3.32%	+31.54%
5 years(CAGR)	+1.42%	+9.06%
10 years(CAGR)	+1.44%	+9.50%
Max(CAGR)	+1.58%	+4.87%

SUB

-0.11%

Winner

ACWX

+2.62%

SUB

-0.38%

Winner

ACWX

+2.32%

SUB

+1.05%

Winner

ACWX

+12.50%

SUB

+3.32%

Winner

ACWX

+31.54%

5Y(CAGR)

SUB

+1.42%

Winner

ACWX

+9.06%

10Y(CAGR)

SUB

+1.44%

Winner

ACWX

+9.50%

Max(CAGR)

SUB

+1.58%

Winner

ACWX

+4.87%

SUB vs ACWX - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	SUB	ACWX
2026	+0.41%	+9.63%
2025	+3.55%	+32.87%
2024	+2.26%	+6.49%
2023	+2.83%	+14.91%
2022	-2.02%	-16.52%
2021	+0.17%	+7.12%
2020	+2.58%	+8.96%
2019	+3.00%	+21.47%
2018	+1.88%	-14.92%
2017	+0.83%	+26.53%
2016	+0.01%	+6.58%
2015	+0.71%	-5.23%
2014	+0.54%	-3.19%
2013	+0.77%	+12.70%
2012	+0.41%	+14.30%
2011	+3.85%	-14.76%
2010	+0.55%	+7.35%
2009	+4.28%	+34.23%
2008	+1.68%	-38.62%

SUB vs ACWX Drawdown Comparison

The maximum drawdown for SUB was -9.46%, occurring on Mar 19, 2020. Recovery took 51 trading sessions.

The maximum drawdown for ACWX was -60.39%, occurring on Mar 9, 2009. Recovery took 1532 trading sessions.

The current SUB drawdown is -0.46%. The current ACWX drawdown is -1.71%.

Rank	SUB	ACWX
#1	-9.46% Mar 6, 2020 - May 19, 2020	-60.39% May 19, 2008 - Jun 19, 2014
#2	-6.40% Jan 16, 2009 - Sep 12, 2011	-35.38% Jan 26, 2018 - Nov 16, 2020
#3	-4.92% Jan 13, 2009 - Jan 16, 2009	-30.03% Jun 14, 2021 - May 15, 2024
#4	-4.35% Jul 22, 2021 - Dec 13, 2023	-25.97% Jul 3, 2014 - May 16, 2017
#5	-2.43% Mar 1, 2013 - Oct 24, 2013	-13.84% Mar 19, 2025 - May 2, 2025
#6	-1.71% Aug 24, 2016 - May 23, 2017	-11.42% Feb 25, 2026 - May 6, 2026
#7	-1.46% Jan 17, 2012 - Mar 1, 2013	-9.83% Sep 26, 2024 - Mar 17, 2025
#8	-1.25% Sep 7, 2017 - Nov 29, 2018	-7.98% Jul 12, 2024 - Aug 23, 2024
#9	-1.23% Apr 4, 2025 - May 29, 2025	-5.01% Nov 12, 2025 - Dec 11, 2025
#10	-0.92% Oct 2, 2024 - Jan 27, 2025	-4.96% Feb 16, 2021 - Apr 16, 2021
#11	-0.87% Jan 30, 2015 - Oct 2, 2015	-4.63% Jan 21, 2021 - Feb 9, 2021
#12	-0.80% Feb 23, 2026 - Mar 24, 2026	-4.17% Jul 23, 2025 - Aug 13, 2025
#13	-0.77% Aug 15, 2019 - Nov 27, 2019	-3.83% Aug 23, 2024 - Sep 19, 2024
#14	-0.75% Sep 12, 2011 - Dec 2, 2011	-3.78% May 7, 2021 - May 26, 2021
#15	-0.68% Dec 27, 2023 - May 8, 2024	-3.60% Oct 6, 2025 - Oct 20, 2025

Correlation

Correlation between SUB and ACWX is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2008 - 2026)

SUB vs ACWX dividend yield comparison.

Year	SUB	ACWX
2026	0.85%	0.00%
2025	2.42%	2.82%
2024	2.10%	2.97%
2023	1.73%	2.96%
2022	0.86%	2.68%
2021	0.72%	2.73%
2020	1.23%	1.88%
2019	1.58%	3.22%
2018	1.32%	2.60%
2017	0.95%	2.40%
2016	0.75%	2.77%
2015	0.77%	2.51%
2014	0.76%	3.18%
2013	0.84%	2.69%
2012	0.99%	2.61%
2011	1.27%	3.07%
2010	1.28%	2.28%
2009	1.44%	2.02%
2008	0.33%	0.46%