SUB
iShares Short-term National Muni Bond ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-07-26
Executive Summary
The quantitative backtest for SUB (iShares Short-term National Muni Bond ETF) using the Excess Return SMA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -9.5% (compared to the benchmark's drawdown of -9.5%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 1.3%, compared to a Buy-and-Hold benchmark return of 1.3%. The strategy executed 2 total trades.
* Excess Return SMA: Advanced Single Moving Average model utilizing custom duration weighting and dynamic Stop Loss limits.
* Excess Return SMA: Advanced Single Moving Average model utilizing custom duration weighting and dynamic Stop Loss limits.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA Active
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
🎯 Investment Objective
🛡️ Long-Term Investing Active
Ideal for wealth preservation and multi-year horizons. Optimized for low turnover and tax efficiency.
⚔️ Tactical Trading
Ideal for active capital rotation and momentum-first accounts. Optimized for high sensitivity to price shifts.
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SUB Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | 10Y | Full History | ||||
|---|---|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 1.92% | 1.92% | 1.21% | 1.36% | 1.46% | 1.42% | 1.31% | 1.29% |
| Sharpe Ratio | 1.74 | 1.74 | 0.75 | 0.82 | 0.56 | 0.54 | 0.51 | 0.50 |
| Max Drawdown | -0.81% | -0.81% | -5.03% | -4.33% | -9.46% | -9.46% | -9.46% | -9.46% |
| % Time Invested | 100.0% | 100.0% | 97.5% | 100.0% | 87.3% | 100.0% | 91.9% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason | |
|---|---|---|---|---|---|---|---|---|
| 🔒 Active Positions & Recent Execution Signals Hidden Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription. Upgrade to Pro to Unlock | ||||||||
| 2022-04-14 | 2022-05-31 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.11% | Interest Income | |
| 2018-07-16 | 2022-04-14 | Completed | 100% | $92.62 | $95.59 | 3.15% | Signal | |
| 2017-05-24 | 2018-07-16 | Interest (CASH) | 100% | $1.00 | $1.02 | 1.61% | Interest Income | |
| 2010-11-15 | 2017-05-24 | Completed | 100% | $86.64 | $92.22 | 6.38% | Signal | |
| 2010-11-11 | 2010-11-15 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.00% | Interest Income | |