Which returned more over the last year, AOR or MUB?

In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and MUB −0.4%.

Which is cheaper, AOR or MUB?

MUB is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

AOR vs MUB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AOR returned +7.8% to MUB's −0.4%; 0% of their weight is in the same names.

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Net assets: $3.9bn on Oct 28, 2026 for iShares Core 60/40 Balanced Allocation ETF, and $54.1bn on Oct 27, 2026 for iShares National Muni Bond ETF.

AOR on its own →MUB on its own →

At a glance

+7.8%

AOR total return, 1 year

−0.4%

MUB total return, 1 year

0.15%

AOR expense ratio

0.05%

MUB expense ratio

Pair scorecard

MUB costs 0.10 points a year less; their one-year returns differ by 8.2 points; MUB is 13.9 times larger.

AOR vs MUB: Differences, Returns & Fees
Measure	AOR	MUB
Return
Measure	AOR	MUB
Total return, 1 year	+7.8%	−0.4%
Benchmark
Measure	AOR	MUB
What it tracks	60/40 Balanced Allocation	ICE AMT-Free US National Municipal Index
Cost and size
Measure	AOR	MUB
Expense ratio	0.15%	0.05%
Net assets, as of Oct 27, 2026	$3.9bn	$54.1bn
Holdings
Measure	AOR	MUB
Holdings in common	0%
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	99.9%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, AOR and MUB hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AOR MUB

Only in one fund ↓

Only in AOR

ISHARES CORE S&P ETF TRUST 35.70%

ISHARES CORE UNIV USD BOND ETF 32.15%

ISHARES CORE MSCI INT DEVEL ETF 17.10%

ISHARES CORE MSCI EMERGING MARKETS 6.34%

iShares Core Intl Aggregate Bnd ET 5.81%

ISHARES CORE S&P MID-CAP ETF 1.89%

ISHARES CORE S&P SMALL-CAP ETF 0.92%

Only in MUB

UNIVERSITY TEX UNIV REVS 0.16%

SAN ANTONIO TEX WTR REV 0.13%

NEW YORK ST TWY AUTH ST PERS I 0.12%

NORTHWEST TEX INDPT SCH DIST 0.12%

OKLAHOMA TRANSN AUTH OK F/K/A 0.12%

HOUSTON TEX HIGHER ED FIN CORP 0.11%

NEW JERSEY ST 0.11%

OHIO ST UNIV GEN RCPTS 0.11%

Check overlap with more funds →

Side by side

AOR iShares Core 60/40 Balanced Allocation ETF MUB iShares National Muni Bond ETF

Where it sits Allocation ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of 60/40 Balanced Allocation Tracks an index of National Muni Bond

Total return, 1 year +7.8% −0.4%

Its benchmark over the same days +13.4% (ACWI) not measured

Gap to its benchmark −5.6 pts vs ACWI not measured

Expense ratio 0.15% 0.05%

Holdings 7 7873

Net assets, AOR as of Oct 28, 2026 and MUB as of Oct 27, 2026 $3.9bn $54.1bn

AOR and MUB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

AOR

AOR tracks an index of 60/40 Balanced Allocation. Over the year to Oct 28, 2026 it returned +7.8% with distributions reinvested, against +13.4% for its benchmark, the MSCI All Country World Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 7 positions, with the top ten at 99.9%.

MUB

MUB tracks an index of National Muni Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.05% a year.

Questions people ask

Which returned more over the last year, AOR or MUB?: In the year to Oct 28, 2026, with distributions reinvested, AOR returned +7.8% and MUB −0.4%.
Which is cheaper, AOR or MUB?: MUB is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

AOR vs VTEB AOR vs HYMB AOR vs BND AOR vs IUSB CGBL vs MUB IYR vs MUB MUB vs SCMB HYMB vs MUB

Where to next

AOR on its own →MUB on its own →Hold both: look the portfolio through →Rankings →AOR dividend history →AOR holdings →MUB dividend history →MUB holdings →Standards and sources →

Sources and dates

AOR and MUB filings on SEC EDGAR ↗

AOR prospectus with the expense ratio (SEC) ↗

iShares page for AOR ↗

MUB prospectus with the expense ratio (SEC) ↗

iShares page for MUB ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, AOR against MUB, data as of Oct 28, 2026. https://etfiq.com/compare/any/aor-vs-mub

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.