From: Randall Koutnik's book “Build Reactive Websites with RxJS.” :
A Subject is an object that’s a turbocharged observable. At its core, a Subject acts much like a regular observable, but each subscription is hooked into the same source. Subjects also are observers and have next, error, and done methods to send data to all subscribers at once. Because subjects are observers, they can be passed directly into a subscribe call, and all the events from the original observable will be sent through the subject to its subscribers.
We can use the ReplaySubject to track history. A ReplaySubject records the last n events and plays them back to every new subscriber. For example in a chat applications. We can use it for tracking the record of previous chat history.
A BehaviorSubject is a simplified version of the ReplaySubject.
The ReplaySubject stored an arbitrary number of events, the BehaviorSubject only records the value of the latest event. Whenever a BehaviorSubject records a new subscription, it emits the latest value to the subscriber as well as any new values that are passed in. The BehaviorSubject is useful when dealing with single units of state, such as configuration options.