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

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

Which is cheaper, LMUB or TFI?

LMUB is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.

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LMUB vs TFI: Differences, Returns & Fees

LMUB's duration was 9.8 years on May 31, 2026 and TFI's 6.0 on Jun 30, 2026; LMUB charges 0.09% to TFI's 0.23%. Net assets: $1.6bn on Oct 9, 2026 for iShares Long-Term National Muni Bond ETF, and $2.8bn on Oct 8, 2026 for State Street SPDR Nuveen ICE Municipal Bond ETF.

LMUB costs 0.14 points a year less; their one-year returns differ by 1.0 point; TFI is 1.8 times larger.

	LMUB	TFI
Expense ratio	0.09%	0.23%
Net assets, as of Oct 8, 2026	$1.6bn	$2.8bn
Total return, 1 year	−3.7%	−2.7%
What it tracks	ICE Long AMT-Free US National Municipal Index	ICE 1+ Year AMT-Free Broad Municipal Index ?
Holdings in common	3%
Below its high	8.4%, high on Jul 2, 2026	6.2%, high on Jul 19, 2021

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

−3.7%

LMUB total return, 1 year

−2.7%

TFI total return, 1 year

0.09%

LMUB expense ratio

0.23%

TFI expense ratio

What they hold in common

By the books each fund has filed, LMUB and TFI hold 3% 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

3% in common

Positions both hold, largest shared weight first

Holding LMUB TFI

State of California, due Sep 1, 2043 0.31% 0.14%

State of Texas, Series 2025, due Oct 1, 2039 0.63% 0.11%

State of Michigan Trunk Line, Series 2020B, due Nov 15, 2045 0.16% 0.11%

New York State Dormitory Authority, Series 2019D, due Feb 15, 2041 0.19% 0.10%

Metropolitan Government of Nashville & Davidson County, Series 2026C, due Jan 1, 2045 0.34% 0.10%

New York City Municipal Water Finance Authority, Series 2025BB, due Jun 15, 2043 0.17% 0.10%

University of Utah (The), Series 2023B, due Aug 1, 2048 0.09% 0.10%

Michigan State University, Series 2025A, due Feb 15, 2055 0.19% 0.08%

State of Illinois, Series 2019B, due Nov 1, 2038 0.18% 0.07%

Las Vegas Valley Water District, Series 2026A, due Jun 1, 2039 0.14% 0.07%

City of Charlotte, Series 2026, due Jul 1, 2051 0.07% 0.07%

New York City Transitional Finance Authority Future Tax Secured, Series 2024G, Sub-Series G-1, due May 1, 2048 0.26% 0.07%

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%

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 TFI

CALIFORNIA ST, due Nov 1, 2027 0.23%

NEW YORK NY, due Aug 1, 2031 0.22%

NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE, due Jun 15, 2047 0.20%

UNIV OF CALIFORNIA CA REVENUES, due May 15, 2040 0.20%

WASHINGTON ST, due Feb 1, 2028 0.20%

TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX, due Nov 15, 2028 0.20%

MADISON WI, due Oct 1, 2032 0.20%

GEORGIA ST, due Jul 1, 2030 0.19%

Check overlap with more funds →

On the same fields

LMUB

iShares Long-Term National Muni Bond ETF

TFI

State Street SPDR Nuveen ICE Municipal Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares State Street

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 −19.9 pts

Expense ratio 0.09% 0.23%

Holdings 975 1990

Net assets, LMUB as of Oct 9, 2026 and TFI as of Oct 8, 2026 $1.6bn $2.8bn

LMUB and TFI 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.

TFI in plain words

TFI tracks an index. Over the year to Oct 9, 2026 it returned −2.7% with distributions reinvested. The prospectus expense ratio is 0.23% a year. It sat 6.2% below its high of Jul 19, 2021 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, LMUB or TFI?: In the year to Oct 9, 2026, with distributions reinvested, LMUB returned −3.7% and TFI −2.7%.
Which is cheaper, LMUB or TFI?: LMUB is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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

LMUB on its own →TFI 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 ↗TFI filings on SEC EDGAR ↗TFI prospectus with the expense ratio (SEC) ↗State Street 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 TFI, data as of Oct 9, 2026. https://etfiq.com/compare/any/lmub-vs-tfi

Open data

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