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JMUB vs LMUB: Differences, Returns & Fees

On May 31, 2026 JMUB's duration was 6.2 years and LMUB's 9.8; LMUB charges 0.09% to JMUB's 0.18%. Net assets on Oct 9, 2026: $8.5bn for JPMorgan Municipal ETF and $1.6bn for iShares Long-Term National Muni Bond ETF.

LMUB costs 0.09 points a year less; their one-year returns differ by 1.6 points; JMUB is 5.3 times larger.

JMUBLMUB
Expense ratio0.18%0.09%
Net assets$8.5bn$1.6bn
Total return, 1 year−2.1%−3.7%
What it tracksNo index, actively managedICE Long AMT-Free US National Municipal Index
Holdings in common1%
Below its high5.0%, high on Jul 6, 20268.4%, high on Jul 2, 2026

Holdings in common uses holdings dated May 31, 2026.

−2.1%
JMUB total return, 1 year
−3.7%
LMUB total return, 1 year
0.18%
JMUB expense ratio
0.09%
LMUB expense ratio

What they hold in common

By the books each fund has filed, JMUB and LMUB hold 1% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026.

half

1% in common

Positions both hold, largest shared weight first
Holding JMUB LMUB
Salt River Project Agricultural Improvement and Power District, Arizona Electric System, Series 2025C, due Jan 1, 2051 0.13% 0.48%
New York City Transitional Finance Authority Future Tax Secured Fiscal Year 2026, Series 2026B, due May 1, 2051 0.12% 0.13%
Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, Payroll Mobility Tax Senior Lien, Series 2026A-1, due Nov 15, 2048 0.12% 0.23%
New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2025, Series 2025C, Subseries C-1, due May 1, 2049 0.07% 0.06%
Mansfield Independent School District, Unlimited Tax, Series 2024, due Feb 15, 2054 0.06% 0.10%
New York City Transitional Finance Authority, Future Tax Secured, Subordinate, Fiscal Year 2025, Series 2025E, due Nov 1, 2047 0.05% 0.63%
North Texas Tollway Authority, First Tier, Series 2025A, due Jan 1, 2039 0.04% 0.10%
Grand Parkway Transportation Corp., Grand Parkway System Subordinate Tier, Series 2020C, due Oct 1, 2049 0.04% 0.19%
City of Cartersville Water and Sewer, Series 2026, due Jun 1, 2056 0.04% 0.19%
County of Cuyahoga, Series 2026, due Dec 1, 2045 0.05% 0.03%
New York City Municipal Water Finance Authority, Second General Resolution, Fiscal Year 2026, Series 2026BB, due Jun 15, 2049 0.03% 0.26%
Idaho Housing and Finance Association, Transporation Expansion and Congestion, Sales Tax, Series 2025A, due Aug 15, 2050 0.03% 0.21%
Only in JMUB
Black Belt Energy Gas District, Gas Project, Series 2026A, due Dec 1, 2034 0.77%
California Community Choice Financing Authority, Clean Energy Project, Series 2026B, due Mar 1, 2036 0.70%
California Health Facilities Financing Authority, Rady Children's Health, Series 2026B-3, due Aug 15, 2065 0.67%
California Community Choice Financing Authority, Clean Energy Project, Series 2026C, due Feb 1, 2036 0.61%
Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 2, due Jun 1, 2055 0.55%
Connecticut State Health and Educational Facilities Authority, Yale New Haven Health Issue, Series 2024C-1, due Jul 1, 2060 0.52%
Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2, due Jul 1, 2040 0.51%
California Community Choice Financing Authority, Clean Energy Project, Series 2025E, due Oct 1, 2056 0.49%
Only in LMUB
Commonwealth of Massachusetts, Series 2023D, due Oct 1, 2052 0.85%
State of Washington, Series 2026D, due Jun 1, 2046 0.70%
State of Illinois, Series 2025-E11, due Sep 1, 2042 0.65%
State of Illinois, Series 2023C, due Dec 1, 2043 0.65%
Pennsylvania Turnpike Commission, Series 2026A, due Dec 1, 2056 0.64%
State of Texas, Series 2025, due Oct 1, 2039 0.63%
Oklahoma Capitol Improvement Authority, Series 2025A, due Jul 1, 2050 0.63%
State of New Jersey, due Jun 1, 2040 0.61%

Check overlap with more funds →

On the same fields

JMUB
JPMorgan Municipal ETF
LMUB
iShares Long-Term National Muni Bond ETF
Where it sits Bond ETF Bond ETF
Issuer JPMorgan iShares
What it is Actively managed Tracks an index
Total return, 1 year −2.1% −3.7%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −19.3 pts −20.9 pts
Expense ratio 0.18% 0.09%
Holdings 2155 975
Net assets $8.5bn $1.6bn

JMUB and LMUB on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

JMUB in plain words

JMUB is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −2.1% with distributions reinvested. The prospectus expense ratio is 0.18% a year. It sat 5.0% below its high of Jul 6, 2026 on Oct 9, 2026.

LMUB in plain words

LMUB tracks an index. Over the year to Oct 9, 2026 it returned −3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year. It sat 8.4% below its high of Jul 2, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, JMUB or LMUB?
In the year to Oct 9, 2026, with distributions reinvested, JMUB returned −2.1% and LMUB −3.7%.
Which is cheaper, JMUB or LMUB?
LMUB is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
JMUB vs PZAJMUB vs VCRMJMUB vs TAFMJMUB vs TFILMUB vs PZALMUB vs SCMBLMUB vs MUBLMUB vs VTEB
JMUB on its own →LMUB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
JMUB filings on SEC EDGAR ↗JMUB prospectus with the expense ratio (SEC) ↗JPMorgan website ↗LMUB filings on SEC EDGAR ↗LMUB prospectus with the expense ratio (SEC) ↗iShares page for LMUB ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, JMUB against LMUB, data as of Oct 9, 2026. https://etfiq.com/compare/any/jmub-vs-lmub

Open data

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