# iShares Short-Term National Muni Bond ETF (SUB) vs State Street SPDR S&P 500 ETF Trust (SPY) · total-return overlay

LOPJLB holding-return compare (5Y). Dividends and splits. Each path starts at 0% from the first adjusted close in the window.

iShares Short-Term National Muni Bond ETF (SUB) vs State Street SPDR S&P 500 ETF Trust (SPY) total return over 5Y: SUB +7.07%, SPY +86.64%. Regime SUB BULL · SPY BULL. As of Oct 13, 2026. Research only.

- Interactive: https://www.lopjlb.com/vs/SUB/SPY
- API: `GET /bff/api/bigfive/compare-series?symbols=SUB%2CSPY&range=5y`

## Window

| Symbol | Window % | Worst drawdown | YTD |
|---|---:|---:|---:|
| SUB | +7.07% | -4.05% | +0.32% |
| SPY | +86.64% | -24.49% | +14.78% |

## Periods (calendar lookback)

| Symbol | 1Y | 2Y | 3Y | 5Y |
|---|---:|---:|---:|---:|
| SUB | +0.92% | +4.23% | +9.10% | +7.07% |
| SPY | +18.61% | +36.22% | +86.97% | +86.64% |

## Annual

| Year | SUB | SPY |
|---|---:|---:|
| YTD | +0.32% | +14.78% |
| 2025 | +3.55% | +18.01% |
| 2024 | +2.27% | +25.59% |
| 2023 | +2.83% | +26.73% |
| 2022 | -2.02% | -18.64% |
| 2021 | -0.05% | +6.90% |

---

Research context only. Not personalized investment advice.