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

In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and SGOV +3.7%.

Which is cheaper, MUB or SGOV?

MUB is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

MUB vs SGOV: Differences, Returns & Fees

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On Aug 31, 2026 MUB's duration was 7.0 years and SGOV's 0.1; MUB charges 0.05% to SGOV's 0.09%.

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Net assets on Oct 27, 2026: $54.1bn for iShares National Muni Bond ETF and $117.0bn for iShares 0-3 Month Treasury Bond ETF.

MUB on its own →SGOV on its own →

At a glance

−0.4%

MUB total return, 1 year

+3.7%

SGOV total return, 1 year

0.05%

MUB expense ratio

0.09%

SGOV expense ratio

Pair scorecard

MUB costs 0.04 points a year less; their one-year returns differ by 4.1 points; SGOV is 2.2 times larger.

MUB vs SGOV: Differences, Returns & Fees
Measure	MUB	SGOV
Return
Measure	MUB	SGOV
Total return, 1 year	−0.4%	+3.7%
Benchmark
Measure	MUB	SGOV
What it tracks	ICE AMT-Free US National Municipal Index	ICE 0-3 Month US Treasury Securities Index
Cost and size
Measure	MUB	SGOV
Expense ratio	0.05%	0.09%
Net assets, as of Oct 27, 2026	$54.1bn	$117.0bn
Holdings
Measure	MUB	SGOV
Holdings in common	0%

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

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MUB SGOV

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 SGOV

U.S. Treasury Bills, due Oct 20, 2026 10.18%

U.S. Treasury Bills, due Sep 22, 2026 8.59%

U.S. Treasury Bills, due Oct 13, 2026 8.51%

U.S. Treasury Bills, due Sep 29, 2026 6.82%

U.S. Treasury Bills, due Oct 27, 2026 6.76%

U.S. Treasury Bills, due Sep 1, 2026 6.63%

U.S. Treasury Bills, due Sep 15, 2026 6.04%

U.S. Treasury Bills, due Oct 29, 2026 5.18%

Check overlap with more funds →

Side by side

MUB iShares National Muni Bond ETF SGOV iShares 0-3 Month Treasury Bond 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 0-3 month T-bills

Total return, 1 year −0.4% +3.7%

Expense ratio 0.05% 0.09%

Holdings 7873 22

Net assets, as of Oct 27, 2026 $54.1bn $117.0bn

MUB and SGOV 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.

SGOV

SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.

Questions people ask

Which returned more over the last year, MUB or SGOV?: In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and SGOV +3.7%.
Which is cheaper, MUB or SGOV?: MUB is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs MUB MUB vs PULS BOXX vs MUB MUB vs VBIL SGOV vs VTEB HYMB vs SGOV SCHO vs SGOV SGOV vs TLT

Where to next

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

Sources and dates

MUB and SGOV filings on SEC EDGAR ↗

MUB and SGOV prospectus with the expense ratio (SEC) ↗

iShares page for MUB ↗

iShares page for SGOV ↗

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 SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/mub-vs-sgov

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