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

In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and USFR +4.1%.

Which is cheaper, MUB or USFR?

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 USFR: Differences, Returns & Fees

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MUB's duration was 7.0 years on Aug 31, 2026 and USFR's 0.0 on May 31, 2026; MUB charges 0.05% to USFR's 0.15%.

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Net assets: $54.1bn on Oct 27, 2026 for iShares National Muni Bond ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

MUB on its own →USFR on its own →

At a glance

−0.4%

MUB total return, 1 year

+4.1%

USFR total return, 1 year

0.05%

MUB expense ratio

0.15%

USFR expense ratio

Pair scorecard

MUB costs 0.10 points a year less; their one-year returns differ by 4.5 points.

MUB vs USFR: Differences, Returns & Fees
Measure	MUB	USFR
Return
Measure	MUB	USFR
Total return, 1 year	−0.4%	+4.1%
Benchmark
Measure	MUB	USFR
What it tracks	ICE AMT-Free US National Municipal Index	Bloomberg U.S. Treasury Floating Rate Bond Index
Cost and size
Measure	MUB	USFR
Expense ratio	0.05%	0.15%
Net assets, MUB as of Oct 27, 2026 and USFR as of May 31, 2026	$54.1bn	$17.0bn
Holdings
Measure	MUB	USFR
Holdings in common	0%

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

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MUB USFR

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 USFR

TF 0 10/31/27, due Oct 31, 2027 27.95%

TF 0 07/31/27, due Jul 31, 2027 27.93%

TF 0 01/31/28, due Jan 31, 2028 27.91%

TF 0 04/30/28, due Apr 30, 2028 15.90%

Check overlap with more funds →

Side by side

MUB iShares National Muni Bond ETF USFR WisdomTree Floating Rate Treasury Fund

Where it sits Bond ETF Bond ETF

Issuer iShares WisdomTree

What it is Tracks an index of National Muni Bond Tracks an index of Floating Rate Treasury

Total return, 1 year −0.4% +4.1%

Its benchmark over the same days not measured +4.0% (TFLO)

Gap to its benchmark not measured +0.1 pts vs TFLO

Expense ratio 0.05% 0.15%

Holdings 7873 4

Net assets, MUB as of Oct 27, 2026 and USFR as of May 31, 2026 $54.1bn $17.0bn

MUB and USFR 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.

USFR

USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, MUB or USFR?: In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and USFR +4.1%.
Which is cheaper, MUB or USFR?: 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

MINT vs MUB BOXX vs MUB MUB vs SHV MUB vs VBIL USFR vs VTEB HYMB vs USFR PFF vs USFR BIL vs USFR

Where to next

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

Sources and dates

MUB filings on SEC EDGAR ↗

MUB prospectus with the expense ratio (SEC) ↗

iShares page for MUB ↗

USFR filings on SEC EDGAR ↗

USFR prospectus with the expense ratio (SEC) ↗

WisdomTree page for USFR ↗

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

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