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

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

Which is cheaper, EMB or MUB?

MUB is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

EMB vs MUB: Differences, Returns & Fees

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EMB's duration was 6.5 years on Jul 31, 2026 and MUB's 7.0 on Aug 31, 2026; MUB charges 0.05% to EMB's 0.39%.

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Net assets: $13.2bn on Oct 28, 2026 for iShares J.P. Morgan USD Emerging Markets Bond ETF, and $54.1bn on Oct 27, 2026 for iShares National Muni Bond ETF.

EMB on its own →MUB on its own →

At a glance

−0.4%

EMB total return, 1 year

−0.4%

MUB total return, 1 year

0.39%

EMB expense ratio

0.05%

MUB expense ratio

Pair scorecard

MUB costs 0.34 points a year less; both returned −0.4% over a year; MUB is 4.1 times larger.

EMB vs MUB: Differences, Returns & Fees
Measure	EMB	MUB
Return
Measure	EMB	MUB
Total return, 1 year	−0.4%	−0.4%
Drawdown
Measure	EMB	MUB
Below its high	3.5%, high on Jun 29, 2026
Benchmark
Measure	EMB	MUB
What it tracks	J.P. Morgan EMBI Global Core Index	ICE AMT-Free US National Municipal Index
Cost and size
Measure	EMB	MUB
Expense ratio	0.39%	0.05%
Net assets, as of Oct 27, 2026	$13.2bn	$54.1bn
Holdings
Measure	EMB	MUB
Holdings in common	0%

Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026. Method

What they share

By the books each fund has filed, EMB and MUB hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EMB MUB

Only in one fund ↓

Only in EMB

Argentina Republic Government International Bonds, due Jul 9, 2035 1.21%

Ecuador Government International Bonds, due Jul 31, 2035 0.78%

Argentina Republic Government International Bonds, due Jan 9, 2038 0.70%

Argentina Republic Government International Bonds, due Jul 9, 2030 0.65%

Argentina Republic Government International Bonds, due Jul 9, 2041 0.57%

Ghana Government International Bonds, due Jul 3, 2035 0.55%

Uruguay Government International Bonds, due Jun 18, 2050 0.51%

Eagle Funding Luxco Sarl, due Aug 17, 2030 0.50%

Only in MUB

Board of Regents of the University of Texas System, Series 2025B, due Aug 15, 2036 0.18%

San Antonio Water System, Series 2025D, due May 1, 2055 0.15%

New York State Thruway Authority, Series 2022A, due Mar 15, 2048 0.15%

New York State Dormitory Authority, Series 2019D, due Feb 15, 2047 0.13%

Northwest Independent School District, Series 2025, due Feb 15, 2055 0.12%

Houston Higher Education Finance Corp., Series 2024, due May 15, 2034 0.12%

State of New Jersey, Series 2020A, due Jun 1, 2028 0.12%

Ohio State University (The), Series 2026A, due Jun 1, 2035 0.12%

Check overlap with more funds →

Side by side

EMB iShares J.P. Morgan USD Emerging Markets Bond ETF MUB iShares National Muni Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares iShares

What it is Tracks the J.P. Morgan USD Emerging Markets Bond Tracks an index of National Muni Bond

Total return, 1 year −0.4% −0.4%

Expense ratio 0.39% 0.05%

Holdings 622 7873

Net assets, EMB as of Oct 28, 2026 and MUB as of Oct 27, 2026 $13.2bn $54.1bn

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

Alert

About each fund

EMB

EMB tracks the J.P. Morgan USD Emerging Markets Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 3.5% below its high of Jun 29, 2026 on Oct 28, 2026.

MUB

MUB tracks an index of National Muni Bond. The prospectus expense ratio is 0.05% a year.

Questions people ask

Which returned more over the last year, EMB or MUB?: In the year to Oct 28, 2026, with distributions reinvested, EMB returned −0.4% and MUB −0.4%.
Which is cheaper, EMB or MUB?: MUB is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

EMB vs VTEB EMB vs HYMB EMB vs IUSB EMB vs TLT IGIB vs MUB MUB vs VTIP MUB vs USHY MUB vs SHY

Where to next

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

Sources and dates

EMB and MUB filings on SEC EDGAR ↗

EMB prospectus with the expense ratio (SEC) ↗

iShares page for EMB ↗

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

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