SUB vs VPU

Comparison between ISHARES SHORT-TERM NATIONAL MUNI BOND ETF (SUB, ETF) and VANGUARD UTILITIES INDEX FUND ETF SHARES (VPU, ETF).

5-Year PerformanceVPU has outperformed SUB, delivering a return of +9.4% compared to +1.4%

SUB vs VPU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SUB(ETF)	VPU(ETF)
Net Assets	$11B	$11B
Expense Ratio	0.07%	0.09%
Max Drawdown	11.72%	48.41%
Sharpe Ratio	-0.24	0.74
5Y Beta	0.00	0.34
P/E Ratio	N/A	21.08
Forward P/E	N/A	18.99
5Y Dividends CAGR	19.17%	12.72%
5Y EPS CAGR	N/A	12.68%
Debt to Equity	N/A	130.57%
P/S Ratio	N/A	2.93
P/B Ratio	N/A	2.39

Net Assets

Winner

SUB

$11B

VPU

$11B

Expense Ratio

Winner

SUB

0.07%

VPU

0.09%

Max Drawdown

Winner

SUB

11.72%

VPU

48.41%

Sharpe Ratio

SUB

-0.24

Winner

VPU

0.74

5Y Beta

Winner

SUB

0.00

VPU

0.34

P/E Ratio

SUB

N/A

VPU

21.08

Forward P/E

SUB

N/A

VPU

18.99

5Y Dividends CAGR

Winner

SUB

19.17%

VPU

12.72%

5Y EPS CAGR

SUB

N/A

VPU

12.68%

Debt to Equity

SUB

N/A

VPU

130.57%

P/S Ratio

SUB

N/A

VPU

2.93

P/B Ratio

SUB

N/A

VPU

2.39

SUB vs VPU - Historical Returns

Returns include dividend reinvestment.

Period	SUB	VPU
1 month	+0.05%	-4.05%
3 months	-0.17%	+3.43%
6 months	+1.24%	+1.10%
1 year	+3.43%	+14.94%
5 years(CAGR)	+1.43%	+9.36%
10 years(CAGR)	+1.45%	+9.49%
Max(CAGR)	+1.58%	+9.82%

Winner

SUB

+0.05%

VPU

-4.05%

SUB

-0.17%

Winner

VPU

+3.43%

Winner

SUB

+1.24%

VPU

+1.10%

SUB

+3.43%

Winner

VPU

+14.94%

5Y(CAGR)

SUB

+1.43%

Winner

VPU

+9.36%

10Y(CAGR)

SUB

+1.45%

Winner

VPU

+9.49%

Max(CAGR)

SUB

+1.58%

Winner

VPU

+9.82%

SUB vs VPU - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	SUB	VPU
2026	+0.51%	+4.25%
2025	+3.55%	+15.69%
2024	+2.26%	+21.44%
2023	+2.83%	-7.47%
2022	-2.02%	+1.95%
2021	+0.17%	+20.23%
2020	+2.58%	+0.48%
2019	+3.00%	+27.23%
2018	+1.88%	+5.28%
2017	+0.83%	+12.90%
2016	+0.01%	+18.00%
2015	+0.71%	-5.35%
2014	+0.54%	+28.95%
2013	+0.77%	+12.65%
2012	+0.41%	+3.49%
2011	+3.85%	+18.22%
2010	+0.55%	+6.57%
2009	+4.28%	+9.14%
2008	+1.68%	-27.21%
2007	N/A	+16.61%
2006	N/A	+19.41%
2005	N/A	+16.00%
2004	N/A	+20.60%

SUB vs VPU Drawdown Comparison

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

The maximum drawdown for VPU was -46.30%, occurring on Mar 9, 2009. Recovery took 1131 trading sessions.

The current SUB drawdown is -0.35%. The current VPU drawdown is -5.20%.

Rank	SUB	VPU
#1	-9.46% Mar 6, 2020 - May 19, 2020	-46.30% Dec 10, 2007 - Jun 6, 2012
#2	-6.40% Jan 16, 2009 - Sep 12, 2011	-36.43% Feb 18, 2020 - Aug 13, 2021
#3	-4.92% Jan 13, 2009 - Jan 16, 2009	-25.15% Sep 12, 2022 - Aug 1, 2024
#4	-4.35% Jul 22, 2021 - Dec 13, 2023	-16.15% Jan 29, 2015 - Mar 8, 2016
#5	-2.43% Mar 1, 2013 - Oct 24, 2013	-15.28% Apr 8, 2022 - Aug 12, 2022
#6	-1.71% Aug 24, 2016 - May 23, 2017	-15.14% Nov 14, 2017 - Sep 6, 2018
#7	-1.46% Jan 17, 2012 - Mar 1, 2013	-12.17% May 21, 2007 - Dec 3, 2007
#8	-1.25% Sep 7, 2017 - Nov 29, 2018	-11.88% Oct 3, 2005 - Jul 19, 2006
#9	-1.23% Apr 4, 2025 - May 29, 2025	-11.58% Jul 6, 2016 - Feb 28, 2017
#10	-0.92% Oct 2, 2024 - Jan 27, 2025	-11.02% Apr 30, 2013 - Feb 13, 2014
#11	-0.87% Jan 30, 2015 - Oct 2, 2015	-10.23% Nov 29, 2024 - May 16, 2025
#12	-0.80% Feb 23, 2026 - Mar 24, 2026	-9.44% Dec 31, 2021 - Mar 24, 2022
#13	-0.77% Aug 15, 2019 - Nov 27, 2019	-9.39% Jul 30, 2012 - Feb 11, 2013
#14	-0.75% Sep 12, 2011 - Dec 2, 2011	-9.27% Jun 30, 2014 - Oct 23, 2014
#15	-0.68% Dec 27, 2023 - May 8, 2024	-9.21% Apr 1, 2004 - Jul 19, 2004

Correlation

Correlation between SUB and VPU is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2004 - 2026)

SUB vs VPU dividend yield comparison.

Year	SUB	VPU
2026	0.85%	0.66%
2025	2.42%	2.73%
2024	2.10%	3.02%
2023	1.73%	3.49%
2022	0.86%	2.98%
2021	0.72%	2.70%
2020	1.23%	3.17%
2019	1.58%	2.83%
2018	1.32%	3.23%
2017	0.95%	3.18%
2016	0.75%	3.19%
2015	0.77%	3.63%
2014	0.76%	3.02%
2013	0.84%	3.76%
2012	0.99%	3.98%
2011	1.27%	3.46%
2010	1.28%	3.79%
2009	1.44%	3.79%
2008	0.33%	3.87%
2007	0.00%	2.50%
2006	0.00%	2.85%
2005	0.00%	2.92%
2004	0.00%	2.64%