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

In the year to Oct 28, 2026, with distributions reinvested, HYMB returned −1.0% and MUB −0.4%.

Which is cheaper, HYMB or MUB?

MUB is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

HYMB vs MUB: Differences, Returns & Fees

Share on X Download as PDF

HYMB's duration was 7.3 years on Jun 30, 2026 and MUB's 7.0 on Aug 31, 2026; MUB charges 0.05% to HYMB's 0.35%.

askIQ about this page

askIQ about HYMB and MUB

Net assets on Oct 27, 2026: $3.8bn for State Street SPDR Nuveen ICE High Yield Municipal Bond ETF and $54.1bn for iShares National Muni Bond ETF.

HYMB on its own →MUB on its own →

At a glance

−1.0%

HYMB total return, 1 year

−0.4%

MUB total return, 1 year

0.35%

HYMB expense ratio

0.05%

MUB expense ratio

Pair scorecard

MUB costs 0.30 points a year less; their one-year returns differ by 0.6 points; MUB is 14.2 times larger.

HYMB vs MUB: Differences, Returns & Fees
Measure	HYMB	MUB
Return
Measure	HYMB	MUB
Total return, 1 year	−1.0%	−0.4%
Drawdown
Measure	HYMB	MUB
Below its high	4.7%, high on Jul 2, 2026
Benchmark
Measure	HYMB	MUB
What it tracks	ICE US Select High Yield Crossover Municipal Index	ICE AMT-Free US National Municipal Index
Cost and size
Measure	HYMB	MUB
Expense ratio	0.35%	0.05%
Net assets, as of Oct 27, 2026	$3.8bn	$54.1bn
Holdings
Measure	HYMB	MUB
Holdings in common	1%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

Risk and return

Apr 21, 2011 to Oct 23, 2026 · 809 weekly returns

HYMB MUB

Return

Total return edge HYMB +84.8% +53.4%

Annualized edge HYMB +4.0% +2.8%

Price return edge MUB −4.7% +2.5%

Risk

Volatility edge MUB 8.7% 5.7%

Max drawdown edge MUB −22.5% −12.4%

Risk-adjusted

Sharpe edge HYMB 0.31 0.22

Sortino edge HYMB 0.42 0.32

Calmar edge MUB 0.18 0.22

Reading

HYMB returned more: +84.8% to +53.4%. MUB swung less: 5.7% to 8.7%. MUB fell less at its worst: −12.4% to −22.5%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: HYMB vs MUB: Differences, Returns & Fees
Measure	HYMB	MUB	Edge	How it is measured
Return
Total return	+84.8%	+53.4%	HYMB	Price change plus distributions, reinvested.
Annualized	+4.0%	+2.8%	HYMB	Total return as a yearly rate.
Price return	−4.7%	+2.5%	MUB	Price change alone, distributions left out.
Risk
Volatility	8.7%	5.7%	MUB	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	6.4%	4.0%	MUB	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−22.5%	−12.4%	MUB	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.31	0.22	HYMB	Return above Treasury bills per unit of volatility.
Sortino	0.42	0.32	HYMB	Return above Treasury bills per unit of downside deviation.
Calmar	0.18	0.22	MUB	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 809 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, HYMB and MUB hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first HYMB MUB

CHICAGO IL, due Jan 1, 2045 0.12% 0.10%

JEFFERSON CNTY AL SWR REVENUE WARRANTS, due Oct 1, 2049 0.17% 0.07%

CHESAPEAKE BAY VA BRIDGE & TUNNEL DIST REVENUE, due Jul 1, 2046 0.10% 0.05%

LONG ISLAND NY PWR AUTH ELEC SYS REVENUE, due Sep 1, 2049 0.09% 0.04%

DIST OF COLUMBIA UNIV REVENUE, due Apr 1, 2060 0.04% 0.10%

CHICAGO IL, due Jan 1, 2034 0.17% 0.03%

NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE, due Jan 1, 2042 0.03% 0.04%

LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE, due May 15, 2055 0.07% 0.03%

SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE, due Dec 1, 2055 0.03% 0.03%

JEFFERSON CNTY AL SWR REVENUE WARRANTS, due Oct 1, 2043 0.17% 0.03%

NORTH CAROLINA ST TURNPIKE AUTH, due Jan 1, 2058 0.32% 0.03%

MET TRANSPRTN AUTH NY REVENUE, due Nov 15, 2045 0.05% 0.02%

Only in one fund ↓

Only in HYMB

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 2.49%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 1.52%

BUCKEYE OH TOBACCO SETTLEMENT FING AUTH, due Jun 1, 2055 1.25%

PUERTO RICO CMWLTH, due Jul 1, 2041 0.63%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2053 0.61%

PUERTO RICO CMWLTH, due Jul 1, 2046 0.54%

NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE, due Nov 15, 2044 0.46%

MET PIER & EXPOSITION AUTH IL REVENUE, due Dec 15, 2042 0.43%

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

HYMB State Street SPDR Nuveen ICE High Yield Municipal Bond ETF MUB iShares National Muni Bond ETF

Where it sits Bond ETF Bond ETF

Issuer State Street iShares

What it is Tracks an index of Nuveen ICE High Yield Municipal Bond Tracks an index of National Muni Bond

Total return, 1 year −1.0% −0.4%

Its benchmark over the same days −1.4% (AGG) not measured

Gap to its benchmark +0.4 pts vs AGG not measured

Expense ratio 0.35% 0.05%

Holdings 2105 7873

Net assets, as of Oct 27, 2026 $3.8bn $54.1bn

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

Client brief · page 1 of 2 Report BR-67915C78A2

HYMB and MUB do different jobs. What does each one do in a portfolio?

What each follows. HYMB follows ICE US Select High Yield Crossover Municipal Index and MUB follows ICE AMT-Free US National Municipal Index.
Holdings in common. 1% of the weight is in the same securities (holdings dated Jun 30, 2026 and Aug 31, 2026).
Number of holdings. HYMB holds 2,105 positions and MUB holds 7873.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

HYMB

HYMB tracks an index of Nuveen ICE High Yield Municipal Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.35% a year. It sat 4.7% below its high of Jul 2, 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, HYMB or MUB?: In the year to Oct 28, 2026, with distributions reinvested, HYMB returned −1.0% and MUB −0.4%.
Which is cheaper, HYMB or MUB?: MUB is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

HYMB vs VTEB HIMU vs HYMB FMHI vs HYMB HYD vs HYMB MUB vs SCMB MUB vs PZA JMUB vs MUB MUB vs TAFM

Where to next

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

Sources and dates

HYMB filings on SEC EDGAR ↗

HYMB prospectus with the expense ratio (SEC) ↗

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.

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

Open data →

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