Data as of Oct 28, 2026.
MUB vs USMV: Differences, Returns & Fees
Over the year to Oct 28, 2026, MUB returned −0.4% to USMV's +10.8%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $54.1bn for iShares National Muni Bond ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.
Pair scorecard
MUB costs 0.10 points a year less; their one-year returns differ by 11.2 points; MUB is 2.2 times larger.
| Measure | MUB | USMV |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.4% | +10.8% |
| Benchmark | ||
| What it tracks | ICE AMT-Free US National Municipal Index | MSCI USA Minimum Volatility (USD) Index |
| Cost and size | ||
| Expense ratio | 0.05% | 0.15% |
| Net assets, as of Oct 27, 2026 | $54.1bn | $24.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 93% | |
| Top ten holdings, share of the fund | 14.8% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, MUB and USMV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
MUB and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
USMV
USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.
Questions people ask
- Which returned more over the last year, MUB or USMV?
- In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and USMV +10.8%.
- Which is cheaper, MUB or USMV?
- 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.
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 USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/mub-vs-usmv
ETFIQ. (Oct 28, 2026). MUB against USMV. Retrieved from https://etfiq.com/compare/any/mub-vs-usmv
[MUB against USMV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mub-vs-usmv)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.