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

In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and MUB −0.4%.

Which is cheaper, IYR or MUB?

MUB is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

IYR vs MUB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYR returned +3.4% to MUB's −0.4%; 0% of their weight is in the same names.

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Net assets: $3.9bn on Oct 28, 2026 for iShares U.S. Real Estate ETF, and $54.1bn on Oct 27, 2026 for iShares National Muni Bond ETF.

IYR on its own →MUB on its own →

At a glance

+3.4%

IYR total return, 1 year

−0.4%

MUB total return, 1 year

0.37%

IYR expense ratio

0.05%

MUB expense ratio

Pair scorecard

MUB costs 0.32 points a year less; their one-year returns differ by 3.8 points; MUB is 13.5 times larger.

IYR vs MUB: Differences, Returns & Fees
Measure	IYR	MUB
Return
Measure	IYR	MUB
Total return, 1 year	+3.4%	−0.4%
Drawdown
Measure	IYR	MUB
Below its high	8.6%, high on Jul 28, 2026
Benchmark
Measure	IYR	MUB
What it tracks	Dow Jones U.S. Real Estate Capped Index	ICE AMT-Free US National Municipal Index
Cost and size
Measure	IYR	MUB
Expense ratio	0.37%	0.05%
Net assets, as of Oct 26, 2026	$4.0bn	$54.1bn
Holdings
Measure	IYR	MUB
Holdings in common	0%
In the S&P 500, by weight	80%
Top ten holdings, share of the fund	52.5%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, IYR and MUB hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IYR MUB

Only in one fund ↓

Only in IYR

WELLTOWER 9.85%

PROLOGIS REIT 8.77%

AMERICAN TOWER REIT 4.96%

SIMON PROPERTY GROUP REIT INC 4.71%

EQUINIX REIT 4.57%

DIGITAL REALTY TRUST REIT 4.54%

REALTY INCOME REIT 4.19%

PUBLIC STORAGE REIT 4.10%

Only in MUB

UNIVERSITY TEX UNIV REVS 0.16%

SAN ANTONIO TEX WTR REV 0.13%

NEW YORK ST TWY AUTH ST PERS I 0.12%

NORTHWEST TEX INDPT SCH DIST 0.12%

OKLAHOMA TRANSN AUTH OK F/K/A 0.12%

HOUSTON TEX HIGHER ED FIN CORP 0.11%

NEW JERSEY ST 0.11%

OHIO ST UNIV GEN RCPTS 0.11%

Check overlap with more funds →

Side by side

IYR iShares U.S. Real Estate ETF MUB iShares National Muni Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of U.S. Real Estate Tracks an index of National Muni Bond

Total return, 1 year +3.4% −0.4%

Expense ratio 0.37% 0.05%

Holdings 59 7873

Net assets, IYR as of Oct 28, 2026 and MUB as of Oct 27, 2026 $3.9bn $54.1bn

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

Alert

About each fund

IYR

IYR tracks an index of U.S. Real Estate. Over the year to Oct 28, 2026 it returned +3.4% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 52.5%. It sat 8.6% below its high of Jul 28, 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, IYR or MUB?: In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and MUB −0.4%.
Which is cheaper, IYR or MUB?: MUB is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IYR vs VTEB HYMB vs IYR IYR vs SCHP IYR vs MINT MUB vs SCHH MUB vs VNQ MUB vs XLRE KRE vs MUB

Where to next

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

Sources and dates

IYR and MUB filings on SEC EDGAR ↗

IYR prospectus with the expense ratio (SEC) ↗

iShares page for IYR ↗

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

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