Which returned more over the last year, LMUB or SCMB?

In the year to Oct 9, 2026, with distributions reinvested, LMUB returned −3.7% and SCMB −2.7%.

Which is cheaper, LMUB or SCMB?

SCMB is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.

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LMUB vs SCMB: Differences, Returns & Fees

LMUB's duration was 9.8 years on May 31, 2026 and SCMB's 6.6 on Jun 30, 2026; SCMB charges 0.03% to LMUB's 0.09%. Net assets: $1.6bn on Oct 9, 2026 for iShares Long-Term National Muni Bond ETF, and $4.0bn on Jun 30, 2026 for Schwab Municipal Bond ETF.

SCMB costs 0.06 points a year less; their one-year returns differ by 1.0 point; SCMB is 2.4 times larger.

	LMUB	SCMB
Expense ratio	0.09%	0.03%
Net assets, as of Jun 30, 2026	$1.7bn	$4.0bn
Total return, 1 year	−3.7%	−2.7%
What it tracks	ICE Long AMT-Free US National Municipal Index	not read by ETFIQ
Holdings in common	5%
Below its high	8.4%, high on Jul 2, 2026	5.8%, high on Jul 6, 2026

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

−3.7%

LMUB total return, 1 year

−2.7%

SCMB total return, 1 year

0.09%

LMUB expense ratio

0.03%

SCMB expense ratio

What they hold in common

By the books each fund has filed, LMUB and SCMB hold 5% 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 and Jun 30, 2026.

50%

half

5% in common

Positions both hold, largest shared weight first

Holding LMUB SCMB

California State Public Works Board, Series 2024A, due Apr 1, 2049 0.26% 0.15%

New York City Transitional Finance Authority Future Tax Secured, Series 2025E, due Nov 1, 2053 0.23% 0.11%

City of San Antonio Electric & Gas Systems, Series 2026A, due Feb 1, 2039 0.42% 0.10%

New York City Transitional Finance Authority Future Tax Secured, Series 2025D, due May 1, 2052 0.13% 0.09%

Alamo Community College District, Series 2021, due Aug 15, 2046 0.22% 0.08%

New York State Thruway Authority, Series 2022A, due Mar 15, 2051 0.13% 0.08%

New York State Dormitory Authority, Series 2024A, due Jul 1, 2054 0.12% 0.08%

Texas Water Development Board, Series 2025, due Oct 15, 2050 0.31% 0.08%

Oklahoma Turnpike Authority, Series 2025A, due Jan 1, 2054 0.28% 0.08%

Hurst-Euless-Bedford Independent School District, Series 2024, due Aug 15, 2050 0.42% 0.07%

New York City Transitional Finance Authority Future Tax Secured, Series 2024F, Sub-Series F-1, due Feb 1, 2053 0.22% 0.07%

Triborough Bridge & Tunnel Authority Sales Tax, Series 2024A, Sub-Series A-1, due May 15, 2059 0.20% 0.07%

Only in LMUB

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%

New York City Transitional Finance Authority Future Tax Secured, Series 2025E, due Nov 1, 2047 0.63%

Oklahoma Capitol Improvement Authority, Series 2025A, due Jul 1, 2050 0.63%

State of New Jersey, due Jun 1, 2040 0.61%

Commonwealth of Pennsylvania, Series 2026, due Apr 1, 2041 0.61%

Only in SCMB

Commonwealth of Massachusetts, due Nov 1, 2043 0.22%

Gwinnett County School District, due Feb 1, 2030 0.22%

Commonwealth of Pennsylvania, due Mar 1, 2036 0.21%

City of New York, due Aug 1, 2029 0.20%

State of California Department of Water Resources, due Dec 1, 2034 0.19%

State of Washington, due Feb 1, 2039 0.17%

State of California, due Sep 1, 2047 0.17%

New York City Municipal Water Finance Authority, due Jun 15, 2039 0.17%

Check overlap with more funds →

On the same fields

LMUB

iShares Long-Term National Muni Bond ETF

SCMB

Schwab Municipal Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares Schwab

What it is Tracks an index Tracks an index

Total return, 1 year −3.7% −2.7%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −20.9 pts −20.0 pts

Expense ratio 0.09% 0.03%

Holdings 975 6845

Net assets, LMUB as of Oct 9, 2026 and SCMB as of Jun 30, 2026 $1.6bn $4.0bn

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

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.

SCMB in plain words

SCMB tracks an index. Over the year to Oct 9, 2026 it returned −2.7% with distributions reinvested. The prospectus expense ratio is 0.03% a year. It sat 5.8% below its high of Jul 6, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, LMUB or SCMB?: In the year to Oct 9, 2026, with distributions reinvested, LMUB returned −3.7% and SCMB −2.7%.
Which is cheaper, LMUB or SCMB?: SCMB is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

LMUB vs PZA FLMI vs LMUB LMUB vs VCRM LMUB vs TAFM SCMB vs TAFM SCMB vs VCRM FLMI vs SCMB SCMB vs TFI

LMUB on its own →SCMB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

LMUB filings on SEC EDGAR ↗LMUB prospectus with the expense ratio (SEC) ↗iShares page for LMUB ↗SCMB filings on SEC EDGAR ↗SCMB prospectus with the expense ratio (SEC) ↗Schwab website ↗

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, LMUB against SCMB, data as of Oct 9, 2026. https://etfiq.com/compare/any/lmub-vs-scmb

Open data

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