Data as of Oct 28, 2026.

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MUB vs SCHP: Differences, Returns & Fees

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MUB's duration was 7.0 years on Aug 31, 2026 and SCHP's 6.3 on Jun 30, 2026; SCHP charges 0.03% to MUB's 0.05%.

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Net assets: $54.1bn on Oct 27, 2026 for iShares National Muni Bond ETF, and $16.5bn on Jun 30, 2026 for Schwab U.S. TIPS ETF.

At a glance
−0.4%
MUB total return, 1 year
−0.8%
SCHP total return, 1 year
0.05%
MUB expense ratio
0.03%
SCHP expense ratio

Pair scorecard

SCHP costs 0.02 points a year less; their one-year returns differ by 0.4 points.

MUB vs SCHP: Differences, Returns & Fees
MeasureMUBSCHP
Return
Total return, 1 year−0.4%−0.8%
Benchmark
What it tracksICE AMT-Free US National Municipal IndexUS TIPS
Cost and size
Expense ratio0.05%0.03%
Net assets, MUB as of Oct 27, 2026 and SCHP as of Jun 30, 2026$54.1bn$16.5bn
Holdings
Holdings in common0%

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

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MUB SCHP
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 SCHP
U.S. Treasury Inflation-Indexed Notes, due Jul 15, 2035 4.07%
U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2035 4.01%
U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2036 4.00%
U.S. Treasury Inflation-Indexed Notes, due Jul 15, 2034 3.77%
U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2034 3.60%
U.S. Treasury Inflation-Indexed Notes, due Oct 15, 2030 3.40%
U.S. Treasury Inflation-Indexed Notes, due Apr 15, 2030 3.38%
U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2033 3.36%
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Side by side

MUB iShares National Muni Bond ETF SCHP Schwab U.S. TIPS ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of National Muni Bond Tracks an index of US TIPS
Total return, 1 year −0.4% −0.8%
Its benchmark over the same days not measured −1.4% (AGG)
Gap to its benchmark not measured +0.6 pts vs AGG
Expense ratio 0.05% 0.03%
Holdings 7873 48
Net assets, MUB as of Oct 27, 2026 and SCHP as of Jun 30, 2026 $54.1bn $16.5bn

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

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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.

SCHP

SCHP tracks an index of US TIPS. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, MUB or SCHP?
In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and SCHP −0.8%.
Which is cheaper, MUB or SCHP?
SCHP is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, MUB against SCHP, data as of Oct 28, 2026. https://etfiq.com/compare/any/mub-vs-schp

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