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

In the year to Oct 28, 2026, with distributions reinvested, IEI returned −1.1% and MUB −0.4%.

Which is cheaper, IEI 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

IEI vs MUB: Differences, Returns & Fees

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On Aug 31, 2026 IEI's duration was 4.3 years and MUB's 7.0; MUB charges 0.05% to IEI's 0.15%.

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Net assets on Oct 27, 2026: $17.0bn for iShares 3-7 Year Treasury Bond ETF and $54.1bn for iShares National Muni Bond ETF.

IEI on its own →MUB on its own →

At a glance

−1.1%

IEI total return, 1 year

−0.4%

MUB total return, 1 year

0.15%

IEI expense ratio

0.05%

MUB expense ratio

Pair scorecard

MUB costs 0.10 points a year less; their one-year returns differ by 0.7 points; MUB is 3.2 times larger.

IEI vs MUB: Differences, Returns & Fees
Measure	IEI	MUB
Return
Measure	IEI	MUB
Total return, 1 year	−1.1%	−0.4%
Benchmark
Measure	IEI	MUB
What it tracks	ICE U.S. Treasury 3-7 Year Bond Index	ICE AMT-Free US National Municipal Index
Cost and size
Measure	IEI	MUB
Expense ratio	0.15%	0.05%
Net assets, as of Oct 27, 2026	$17.0bn	$54.1bn
Holdings
Measure	IEI	MUB
Holdings in common	0%

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

Risk and return

Sep 21, 2007 to Oct 23, 2026 · 996 weekly returns

IEI MUB

Return

Total return edge MUB +63.3% +76.1%

Annualized edge MUB +2.6% +3.0%

Price return edge IEI +12.5% +3.4%

Risk

Volatility edge IEI 3.8% 6.5%

Max drawdown edge MUB −14.1% −12.4%

Risk-adjusted

Sharpe edge IEI 0.30 0.26

Sortino edge IEI 0.43 0.36

Calmar edge MUB 0.18 0.24

Reading

MUB returned more: +76.1% to +63.3%. IEI swung less: 3.8% to 6.5%. MUB fell less at its worst: −12.4% to −14.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IEI vs MUB: Differences, Returns & Fees
Measure	IEI	MUB	Edge	How it is measured
Return
Total return	+63.3%	+76.1%	MUB	Price change plus distributions, reinvested.
Annualized	+2.6%	+3.0%	MUB	Total return as a yearly rate.
Price return	+12.5%	+3.4%	IEI	Price change alone, distributions left out.
Risk
Volatility	3.8%	6.5%	IEI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	2.7%	4.7%	IEI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−14.1%	−12.4%	MUB	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.30	0.26	IEI	Return above Treasury bills per unit of volatility.
Sortino	0.43	0.36	IEI	Return above Treasury bills per unit of downside deviation.
Calmar	0.18	0.24	MUB	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 996 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IEI MUB

Only in one fund ↓

Only in IEI

U.S. Treasury Notes, due Nov 30, 2030 2.90%

U.S. Treasury Notes, due Feb 15, 2032 2.30%

U.S. Treasury Notes, due Feb 28, 2030 2.29%

U.S. Treasury Notes, due Nov 15, 2031 2.26%

U.S. Treasury Notes, due Aug 31, 2030 2.24%

U.S. Treasury Notes, due May 15, 2033 2.17%

U.S. Treasury Notes, due Aug 15, 2031 2.11%

U.S. Treasury Notes, due Feb 15, 2033 2.10%

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

IEI iShares 3-7 Year Treasury Bond ETF MUB iShares National Muni Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of 3-7 Year Treasury Bond Tracks an index of National Muni Bond

Total return, 1 year −1.1% −0.4%

Expense ratio 0.15% 0.05%

Holdings 82 7873

Net assets, as of Oct 27, 2026 $17.0bn $54.1bn

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

Client brief · page 1 of 2 Report BR-04B6F63ABF

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

What each follows. IEI follows ICE U.S. Treasury 3-7 Year Bond Index and MUB follows ICE AMT-Free US National Municipal Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026).
Number of holdings. IEI holds 82 positions and MUB holds 7873.

Data as of Oct 28, 2026.

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About each fund

IEI

IEI tracks an index of 3-7 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −1.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

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, IEI or MUB?: In the year to Oct 28, 2026, with distributions reinvested, IEI returned −1.1% and MUB −0.4%.
Which is cheaper, IEI 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

IEI vs VTEB HYMB vs IEI IEI vs SCHP IEI vs MINT MUB vs SHY MUB vs VGSH BINC vs MUB MUB vs SCHP

Where to next

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

Sources and dates

IEI and MUB filings on SEC EDGAR ↗

IEI and MUB prospectus with the expense ratio (SEC) ↗

iShares page for IEI ↗

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

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