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

In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and SHY +1.6%.

Which is cheaper, MUB or SHY?

MUB is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

MUB vs SHY: Differences, Returns & Fees

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On Aug 31, 2026 MUB's duration was 7.0 years and SHY's 1.8; MUB charges 0.05% to SHY's 0.15%.

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Net assets on Oct 27, 2026: $54.1bn for iShares National Muni Bond ETF and $27.4bn for iShares 1-3 Year Treasury Bond ETF.

MUB on its own →SHY on its own →

At a glance

−0.4%

MUB total return, 1 year

+1.6%

SHY total return, 1 year

0.05%

MUB expense ratio

0.15%

SHY expense ratio

Pair scorecard

MUB costs 0.10 points a year less; their one-year returns differ by 2.0 points; MUB is 2.0 times larger.

MUB vs SHY: Differences, Returns & Fees
Measure	MUB	SHY
Return
Measure	MUB	SHY
Total return, 1 year	−0.4%	+1.6%
Benchmark
Measure	MUB	SHY
What it tracks	ICE AMT-Free US National Municipal Index	ICE U.S. Treasury 1-3 Year Bond Index
Cost and size
Measure	MUB	SHY
Expense ratio	0.05%	0.15%
Net assets, as of Oct 27, 2026	$54.1bn	$27.4bn
Holdings
Measure	MUB	SHY
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 SHY 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 SHY

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 SHY

U.S. Treasury Notes, due Apr 30, 2028 1.97%

U.S. Treasury Notes, due Jan 31, 2028 1.71%

U.S. Treasury Notes, due Jun 30, 2028 1.61%

U.S. Treasury Notes, due Apr 30, 2029 1.51%

U.S. Treasury Notes, due May 31, 2029 1.49%

U.S. Treasury Notes, due Aug 15, 2027 1.48%

U.S. Treasury Notes, due Jun 30, 2029 1.47%

U.S. Treasury Notes, due Feb 15, 2028 1.40%

Check overlap with more funds →

Side by side

MUB iShares National Muni Bond ETF SHY iShares 1-3 Year 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 1-3 Year Treasury Bond

Total return, 1 year −0.4% +1.6%

Its benchmark over the same days not measured +1.7% (BBSB)

Gap to its benchmark not measured −0.1 pts vs BBSB

Expense ratio 0.05% 0.15%

Holdings 7873 90

Net assets, as of Oct 27, 2026 $54.1bn $27.4bn

MUB and SHY 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.

SHY

SHY tracks an index of 1-3 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +1.6% with distributions reinvested, against +1.7% for its benchmark, the ICE U.S. Treasury 1-3 Year Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, MUB or SHY?: In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and SHY +1.6%.
Which is cheaper, MUB or SHY?: MUB is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

MUB vs VGSH IEI vs MUB MUB vs SCHP BNDX vs MUB SHY vs VTEB HYMB vs SHY BIL vs SHY SHY vs TLT

Where to next

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

Sources and dates

MUB and SHY filings on SEC EDGAR ↗

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

iShares page for MUB ↗

iShares page for SHY ↗

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

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