Data as of Oct 28, 2026.
BOND vs MUB: Differences, Returns & Fees
Over the year to Oct 28, 2026, BOND returned −1.4% to MUB's −0.4%, and MUB charges 0.05% to BOND's 0.54%.
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Net assets: $8.3bn on Jun 30, 2026 for PIMCO Active Bond Exchange-Traded Fund, and $54.1bn on Oct 27, 2026 for iShares National Muni Bond ETF.
Pair scorecard
MUB costs 0.49 points a year less; their one-year returns differ by 1.0 point.
| Measure | BOND | MUB |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | −0.4% |
| Drawdown | ||
| Below its high | 3.1%, high on Feb 27, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | ICE AMT-Free US National Municipal Index |
| Cost and size | ||
| Expense ratio | 0.54% | 0.05% |
| Net assets, BOND as of Jun 30, 2026 and MUB as of Oct 27, 2026 | $8.3bn | $54.1bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Mar 9, 2012 to Oct 23, 2026 · 763 weekly returnsBOND returned more: +47.4% to +37.2%. BOND swung less: 4.9% to 5.7%. MUB fell less at its worst: −12.4% to −19.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BOND | MUB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +47.4% | +37.2% | BOND | Price change plus distributions, reinvested. |
| Annualized | +2.7% | +2.2% | BOND | Total return as a yearly rate. |
| Price return | −12.6% | −5.5% | MUB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 4.9% | 5.7% | BOND | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.6% | 4.0% | BOND | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.5% | −12.4% | MUB | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.21 | 0.10 | BOND | Return above Treasury bills per unit of volatility. |
| Sortino | 0.28 | 0.14 | BOND | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.14 | 0.18 | MUB | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 763 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BOND and MUB hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
BOND and MUB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BOND and MUB do different jobs. What does each one do in a portfolio?
- What each follows. BOND follows No index, actively managed and MUB follows ICE AMT-Free US National Municipal Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026 and Aug 31, 2026).
- Number of holdings. BOND holds 1,565 positions and MUB holds 7873.
Data as of Oct 28, 2026.
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BOND
BOND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.54% a year. It sat 3.1% below its high of Feb 27, 2026 on Oct 28, 2026.
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, BOND or MUB?
- In the year to Oct 28, 2026, with distributions reinvested, BOND returned −1.4% and MUB −0.4%.
- Which is cheaper, BOND or MUB?
- MUB is cheaper, by 0.49 percentage points a year. That is about $49 on $10,000 held for a year. Fees come from each fund's prospectus.
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, BOND against MUB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bond-vs-mub
ETFIQ. (Oct 28, 2026). BOND against MUB. Retrieved from https://etfiq.com/compare/any/bond-vs-mub
[BOND against MUB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bond-vs-mub)
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