SUB vs TMNS
iShares Short-Term National Muni Bond ETF compared with T. Rowe Price Short Municipal Income ETF on yield, payout growth, payment schedule, cost and risk.
SUB
iShares Short-Term National Muni Bond ETF
TTM yield · Monthly
TMNS
T. Rowe Price Short Municipal Income ETF
TTM yield · Monthly
Quick take
- TMNS yields more today: 3.49% vs 2.59% (forward).
- Both pay every month.
- SUB is cheaper to own: 0.07% vs 0.18% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SUB | TMNS |
|---|---|---|
| Share price | $105.41 | $49.12 |
| TTM yield | 2.59% | 2.91% |
| Forward yield | 2.59% | 3.49% |
| Annual payout per share | $2.727 | $1.7124 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 31, 2026 (est.) | Oct 25, 2026 (est.) |
| Expense ratio | 0.07% | 0.18% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | 0 years |
| Payout consistency (last 12) | 97/100 | 94/100 |
| 1-year total return | +1.3% | — |
| 1-year price return | -1.3% | — |
| Size (market cap / AUM) | 11.9B | 21.8M |
| Years paying | 17.9 | 0.8 |
| Sector / category | Muni National Short | Muni National Short |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| SUB | TMNS | |
|---|---|---|
| Shares | 94.9 | 203.6 |
| Income per year | $259 | $349 |
| Income per month (avg) | $22 | $29 |
At forward yields, before taxes. Model SUB · Model TMNS
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SUB Oct 31, 2026 | Nov 14, 2026 | $0.2272 | Est. |
| SUB Nov 30, 2026 | Dec 14, 2026 | $0.2273 | Est. |
| SUB Dec 30, 2026 | Jan 13, 2027 | $0.2273 | Est. |
| TMNS Oct 25, 2026 | Oct 27, 2026 | $0.1427 | Est. |
| TMNS Nov 24, 2026 | Nov 26, 2026 | $0.1427 | Est. |
| TMNS Dec 24, 2026 | Dec 26, 2026 | $0.1427 | Est. |
Annual payouts per share
SUBTMNS
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, SUB or TMNS?
TMNS currently has the higher trailing yield: SUB yields 2.59% and TMNS yields 2.91%. Yield changes daily with price, so check the live figures above.
How often do SUB and TMNS pay?
SUB pays every month and TMNS pays every month. SUB's next ex-date is Oct 31, 2026 and TMNS's is Oct 25, 2026.
Is SUB or TMNS better for income?
It depends on what you are optimising for. SUB and TMNS differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.