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

In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and PFF −4.2%.

Which is cheaper, MUB or PFF?

MUB is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

MUB vs PFF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, MUB returned −0.4% to PFF's −4.2%, and MUB charges 0.05% to PFF's 0.45%.

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Net assets on Oct 27, 2026: $54.1bn for iShares National Muni Bond ETF and $11.8bn for iShares Preferred and Income Securities ETF.

MUB on its own →PFF on its own →

At a glance

−0.4%

MUB total return, 1 year

−4.2%

PFF total return, 1 year

0.05%

MUB expense ratio

0.45%

PFF expense ratio

Pair scorecard

MUB costs 0.40 points a year less; their one-year returns differ by 3.8 points; MUB is 4.6 times larger.

MUB vs PFF: Differences, Returns & Fees
Measure	MUB	PFF
Return
Measure	MUB	PFF
Total return, 1 year	−0.4%	−4.2%
Drawdown
Measure	MUB	PFF
Below its high		7.1%, high on May 8, 2026
Benchmark
Measure	MUB	PFF
What it tracks	ICE AMT-Free US National Municipal Index	ICE Exchange-Listed Preferred & Hybrid Securities Index
Cost and size
Measure	MUB	PFF
Expense ratio	0.05%	0.45%
Net assets, as of Oct 27, 2026	$54.1bn	$11.8bn
Holdings
Measure	MUB	PFF
Holdings in common	0%
In the S&P 500, by weight		0%
Top ten holdings, share of the fund		22.7%

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

What they share

By the books each fund has filed, MUB and PFF hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MUB PFF

Only in one fund ↓

Only in MUB

Board of Regents of the University of Texas System, Series 2025B, due Aug 15, 2036 0.18%

San Antonio Water System, Series 2025D, due May 1, 2055 0.15%

New York State Thruway Authority, Series 2022A, due Mar 15, 2048 0.15%

New York State Dormitory Authority, Series 2019D, due Feb 15, 2047 0.13%

Northwest Independent School District, Series 2025, due Feb 15, 2055 0.12%

Houston Higher Education Finance Corp., Series 2024, due May 15, 2034 0.12%

State of New Jersey, Series 2020A, due Jun 1, 2028 0.12%

Ohio State University (The), Series 2026A, due Jun 1, 2035 0.12%

Only in PFF

BOEING COMPANY (THE) 6% SER A DEP SHS REPSTG 1/20TH INT MANDATORY CONV PFD 3.93%

STRATEGY INC VARIABLE RATE SERIES A PERPETUAL STRETCH PREFERRED STOCK 2.95%

WELLS FARGO & COMPANY 7.5% NON-CUMULATIVE PERPETUAL CONVERTIBLE CLASS A PREFERRED STOCK, SERIES L 2.33%

ORACLE CORP DEPOSITARY SHARES EACH REPRESENTING A 1/2,000TH INTEREST IN A SHARE OF 6.50% SERIES D MANDATORY CONVERTIBLE PREFERRED STOCK 2.28%

HEWLETT PACKARD ENTERPRISE COMPANY 7.625% SERIES C MANDATORY CONVERTIBLE PREFERRED STOCK 1.76%

BANK OF AMERICA CORP 7.25% NON-CUMULATIVE PERPETUAL CONVERTIBLE PREFERRED STOCK SERIES L 1.45%

CITIGROUP CAPITAL XIII FIXED/FLOAT TRUST PREFERRED SECURITIES 1.31%

ALBEMARLE CORP DEPOSITARY SHARES EACH REPRESENTING A 1/20TH INTEREST IN A SHARE OF 7.25% SERIES A MANDATORY CONVERTIBLE PREFERRED STOCK 1.29%

Check overlap with more funds →

Side by side

MUB iShares National Muni Bond ETF PFF iShares Preferred and Income Securities ETF

Where it sits Bond ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of National Muni Bond Tracks an index of Preferred and Income Securities

Total return, 1 year −0.4% −4.2%

Its benchmark over the same days not measured +13.6% (MLRG)

Gap to its benchmark not measured −17.8 pts vs MLRG

Expense ratio 0.05% 0.45%

Holdings 7873 453

Net assets, as of Oct 27, 2026 $54.1bn $11.8bn

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

Alert

About each fund

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.

PFF

PFF tracks an index of Preferred and Income Securities. Over the year to Oct 28, 2026 it returned −4.2% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.45% 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 453 positions, with the top ten at 22.7%. It sat 7.1% below its high of May 8, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, MUB or PFF?: In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and PFF −4.2%.
Which is cheaper, MUB or PFF?: MUB is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

MUB vs SPSB EMB vs MUB MUB vs VGLT MUB vs VUSB PFF vs VTEB HYMB vs PFF PFF vs TLT PFF vs VTIP

Where to next

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

Sources and dates

MUB and PFF filings on SEC EDGAR ↗

MUB prospectus with the expense ratio (SEC) ↗

iShares page for MUB ↗

PFF prospectus with the expense ratio (SEC) ↗

iShares page for PFF ↗

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

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