Data as of Oct 28, 2026.
IEMG vs MUB: Differences, Returns & Fees
Over the year to Oct 28, 2026, IEMG returned +15.3% to MUB's −0.4%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $150.4bn for iShares Core MSCI Emerging Markets ETF and $54.1bn for iShares National Muni Bond ETF.
Pair scorecard
MUB costs 0.04 points a year less; their one-year returns differ by 15.7 points; IEMG is 2.8 times larger.
| Measure | IEMG | MUB |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.3% | −0.4% |
| Drawdown | ||
| Below its high | 10.1%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | MSCI Emerging Markets Investable Market Index (IMI) | ICE AMT-Free US National Municipal Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.05% |
| Net assets, as of Oct 27, 2026 | $150.4bn | $54.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 32.7% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 2, 2012 to Oct 23, 2026 · 729 weekly returnsIEMG returned more: +120.7% to +31.5%. MUB swung less: 5.7% to 18.2%. MUB fell less at its worst: −12.4% to −37.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IEMG | MUB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +120.7% | +31.5% | IEMG | Price change plus distributions, reinvested. |
| Annualized | +5.8% | +2.0% | IEMG | Total return as a yearly rate. |
| Price return | +56.0% | −7.7% | IEMG | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.2% | 5.7% | MUB | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.0% | 4.1% | MUB | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −37.1% | −12.4% | MUB | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.30 | 0.05 | IEMG | Return above Treasury bills per unit of volatility. |
| Sortino | 0.42 | 0.07 | IEMG | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.16 | 0.16 | Tie | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 729 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IEMG and MUB hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
IEMG and MUB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IEMG and MUB do different jobs. What does each one do in a portfolio?
- What each follows. IEMG follows MSCI Emerging Markets Investable Market Index (IMI) and MUB follows ICE AMT-Free US National Municipal Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IEMG returned +15.3% and MUB −0.4% with distributions reinvested, a gap of 15.7 points.
Data as of Oct 28, 2026.
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IEMG
IEMG tracks the MSCI Emerging Markets. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,857 positions, with the top ten at 32.7%. It sat 10.1% below its high of Jun 22, 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, IEMG or MUB?
- In the year to Oct 28, 2026, with distributions reinvested, IEMG returned +15.3% and MUB −0.4%.
- Which is cheaper, IEMG or MUB?
- MUB is cheaper, by 0.04 percentage points a year. That is about $4 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, IEMG against MUB, data as of Oct 28, 2026. https://etfiq.com/compare/any/iemg-vs-mub
ETFIQ. (Oct 28, 2026). IEMG against MUB. Retrieved from https://etfiq.com/compare/any/iemg-vs-mub
[IEMG against MUB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iemg-vs-mub)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.