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

In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and TIP −1.0%.

Which is cheaper, MUB or TIP?

MUB is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

MUB vs TIP: Differences, Returns & Fees

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MUB's duration was 7.0 years on Aug 31, 2026 and TIP's 6.3 on Jul 31, 2026; MUB charges 0.05% to TIP's 0.18%.

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Net assets on Oct 27, 2026: $54.1bn for iShares National Muni Bond ETF and $14.6bn for iShares TIPS Bond ETF.

MUB on its own →TIP on its own →

At a glance

−0.4%

MUB total return, 1 year

−1.0%

TIP total return, 1 year

0.05%

MUB expense ratio

0.18%

TIP expense ratio

Pair scorecard

MUB costs 0.13 points a year less; their one-year returns differ by 0.6 points; MUB is 3.7 times larger.

MUB vs TIP: Differences, Returns & Fees
Measure	MUB	TIP
Return
Measure	MUB	TIP
Total return, 1 year	−0.4%	−1.0%
Benchmark
Measure	MUB	TIP
What it tracks	ICE AMT-Free US National Municipal Index	ICE U.S. Treasury Inflation Linked Bond Index
Cost and size
Measure	MUB	TIP
Expense ratio	0.05%	0.18%
Net assets, as of Oct 27, 2026	$54.1bn	$14.6bn
Holdings
Measure	MUB	TIP
Holdings in common	0%

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

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MUB TIP

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 TIP

U.S. Treasury Inflation Linked Notes, due Jul 15, 2035 3.99%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2035 3.94%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2036 3.92%

U.S. Treasury Inflation Linked Notes, due Jul 15, 2034 3.71%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2034 3.55%

U.S. Treasury Inflation Linked Notes, due Oct 15, 2030 3.37%

U.S. Treasury Inflation Linked Notes, due Apr 15, 2030 3.32%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2033 3.31%

Check overlap with more funds →

Side by side

MUB iShares National Muni Bond ETF TIP iShares TIPS 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 TIPS Bond

Total return, 1 year −0.4% −1.0%

Its benchmark over the same days not measured −0.8% (VTP)

Gap to its benchmark not measured −0.2 pts vs VTP

Expense ratio 0.05% 0.18%

Holdings 7873 48

Net assets, as of Oct 27, 2026 $54.1bn $14.6bn

MUB and TIP 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.

TIP

TIP tracks an index of TIPS Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −0.8% for its benchmark, the ICE U.S. Treasury Inflation Linked Bond Index. The prospectus expense ratio is 0.18% a year.

Questions people ask

Which returned more over the last year, MUB or TIP?: In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and TIP −1.0%.
Which is cheaper, MUB or TIP?: MUB is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

MUB vs SCHP MUB vs VCLT EDV vs MUB AGG vs MUB TIP vs VTEB HYMB vs TIP AGG vs TIP BND vs TIP

Where to next

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

Sources and dates

MUB and TIP filings on SEC EDGAR ↗

MUB prospectus with the expense ratio (SEC) ↗

iShares page for MUB ↗

TIP prospectus with the expense ratio (SEC) ↗

iShares page for TIP ↗

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

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