Data as of Oct 28, 2026.
MUB vs USHY: Differences, Returns & Fees
MUB's duration was 7.0 years on Aug 31, 2026 and USHY's 3.0 on Jul 31, 2026; MUB charges 0.05% to USHY's 0.08%.
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Net assets on Oct 27, 2026: $54.1bn for iShares National Muni Bond ETF and $26.3bn for iShares Broad USD High Yield Corporate Bond ETF.
Pair scorecard
MUB costs 0.03 points a year less; their one-year returns differ by 2.1 points; MUB is 2.1 times larger.
| Measure | MUB | USHY |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.4% | +1.7% |
| Benchmark | ||
| What it tracks | ICE AMT-Free US National Municipal Index | ICE BofA US High Yield Constrained Index |
| Cost and size | ||
| Expense ratio | 0.05% | 0.08% |
| Net assets, as of Oct 27, 2026 | $54.1bn | $26.3bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026. Method
Risk and return
Nov 3, 2017 to Oct 23, 2026 · 468 weekly returnsUSHY returned more: +47.3% to +17.1%. MUB swung less: 6.4% to 9.7%. MUB fell less at its worst: −12.4% to −21.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | MUB | USHY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +17.1% | +47.3% | USHY | Price change plus distributions, reinvested. |
| Annualized | +1.8% | +4.4% | USHY | Total return as a yearly rate. |
| Price return | −6.6% | −14.9% | MUB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 6.4% | 9.7% | MUB | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.4% | 6.8% | MUB | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −12.4% | −21.9% | MUB | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.12 | 0.21 | USHY | Return above Treasury bills per unit of volatility. |
| Sortino | −0.17 | 0.30 | USHY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.14 | 0.20 | USHY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 468 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, MUB and USHY hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
MUB and USHY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MUB and USHY do different jobs. What does each one do in a portfolio?
- What each follows. MUB follows ICE AMT-Free US National Municipal Index and USHY follows ICE BofA US High Yield Constrained Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 MUB returned −0.4% and USHY +1.7% with distributions reinvested, a gap of 2.1 points.
Data as of Oct 28, 2026.
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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.
USHY
USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% a year.
Questions people ask
- Which returned more over the last year, MUB or USHY?
- In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and USHY +1.7%.
- Which is cheaper, MUB or USHY?
- MUB is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
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 USHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/mub-vs-ushy
ETFIQ. (Oct 28, 2026). MUB against USHY. Retrieved from https://etfiq.com/compare/any/mub-vs-ushy
[MUB against USHY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mub-vs-ushy)
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