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

In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and MUB −0.4%.

Which is cheaper, GLD or MUB?

MUB is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

GLD vs MUB: Differences, Returns & Fees

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GLD is a commodity fund and MUB a bond index fund, and over the year to Oct 28, 2026, GLD returned +2.5% against −0.4%.

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Net assets on Oct 27, 2026: $135.8bn for SPDR Gold Shares and $54.1bn for iShares National Muni Bond ETF.

GLD on its own →MUB on its own →

At a glance

+2.5%

GLD total return, 1 year

−0.4%

MUB total return, 1 year

0.40%

GLD expense ratio

0.05%

MUB expense ratio

Pair scorecard

MUB costs 0.35 points a year less; their one-year returns differ by 2.9 points; GLD is 2.5 times larger.

GLD vs MUB: Differences, Returns & Fees
Measure	GLD	MUB
Return
Measure	GLD	MUB
Total return, 1 year	+2.5%	−0.4%
Drawdown
Measure	GLD	MUB
Below its high	24.7%, high on Jan 29, 2026
Benchmark
Measure	GLD	MUB
What it tracks	Gold	ICE AMT-Free US National Municipal Index
Cost and size
Measure	GLD	MUB
Expense ratio	0.40%	0.05%
Net assets, as of Oct 27, 2026	$135.8bn	$54.1bn
Holdings
Measure	GLD	MUB
Holdings in common	not published

Method

Side by side

GLD SPDR Gold Shares MUB iShares National Muni Bond ETF

Where it sits Commodity ETF Bond ETF

Issuer State Street iShares

What it is Holds gold Tracks an index of National Muni Bond

Total return, 1 year +2.5% −0.4%

Its benchmark over the same days +2.7% (IAU) not measured

Gap to its benchmark −0.2 pts vs IAU not measured

Expense ratio 0.40% 0.05%

Holdings not counted 7873

Net assets, as of Oct 27, 2026 $135.8bn $54.1bn

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

Alert

About each fund

GLD

Its expense ratio is 0.40% a year, for the three months to Jun 30, 2026, as its 10-Q states.

GLD holds gold. Over the year to Oct 28, 2026 it returned +2.5% with distributions reinvested, against +2.7% for its benchmark, the price of gold. It sat 24.7% below its high of Jan 29, 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, GLD or MUB?: In the year to Oct 28, 2026, with distributions reinvested, GLD returned +2.5% and MUB −0.4%.
Which is cheaper, GLD or MUB?: MUB is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

GLD vs VTEB GLD vs HYMB GLD vs MBB GLD vs SGOV IAU vs MUB GLDM vs MUB MUB vs SLV MUB vs SIVR

Where to next

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

Sources and dates

State Street website ↗

MUB filings on SEC EDGAR ↗

MUB prospectus with the expense ratio (SEC) ↗

iShares page for MUB ↗

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

Cite this pageCitation, APA and Markdown

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

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