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

In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and VBIL +3.7%.

Which is cheaper, MUB or VBIL?

MUB is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

MUB vs VBIL: Differences, Returns & Fees

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MUB's duration was 7.0 years on Aug 31, 2026 and VBIL's 0.1 on Jun 30, 2026; MUB charges 0.05% to VBIL's 0.06%.

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Net assets: $54.1bn on Oct 27, 2026 for iShares National Muni Bond ETF, and $12.8bn on Sep 30, 2026 for Vanguard 0-3 Month Treasury Bill ETF.

MUB on its own →VBIL on its own →

At a glance

−0.4%

MUB total return, 1 year

+3.7%

VBIL total return, 1 year

0.05%

MUB expense ratio

0.06%

VBIL expense ratio

Pair scorecard

MUB costs 0.01 points a year less; their one-year returns differ by 4.1 points; MUB is 3.6 times larger.

MUB vs VBIL: Differences, Returns & Fees
Measure	MUB	VBIL
Return
Measure	MUB	VBIL
Total return, 1 year	−0.4%	+3.7%
Benchmark
Measure	MUB	VBIL
What it tracks	ICE AMT-Free US National Municipal Index	Bloomberg U.S. Treasury Bills 0-3 Months Index
Cost and size
Measure	MUB	VBIL
Expense ratio	0.05%	0.06%
Net assets, as of Sep 30, 2026	$46.6bn	$12.8bn
Holdings
Measure	MUB	VBIL
Holdings in common	0%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

What they share

By the books each fund has filed, MUB and VBIL hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MUB VBIL

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 VBIL

TREASURY BILL, due Jul 9, 2026 6.78%

TREASURY BILL, due Aug 6, 2026 6.10%

TREASURY BILL, due Jul 2, 2026 5.61%

TREASURY BILL, due Jul 16, 2026 5.41%

TREASURY BILL, due Jul 23, 2026 5.18%

TREASURY BILL, due Jul 14, 2026 5.17%

TREASURY BILL, due Jul 21, 2026 5.15%

TREASURY BILL, due Jul 30, 2026 5.12%

Check overlap with more funds →

Side by side

MUB iShares National Muni Bond ETF VBIL Vanguard 0-3 Month Treasury Bill ETF

Where it sits Bond ETF Bond ETF

Issuer iShares Vanguard

What it is Tracks an index of National Muni Bond Tracks an index of 0-3 Month Treasury Bill

Total return, 1 year −0.4% +3.7%

Expense ratio 0.05% 0.06%

Holdings 7873 28

Net assets, MUB as of Oct 27, 2026 and VBIL as of Sep 30, 2026 $54.1bn $12.8bn

MUB and VBIL 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.

VBIL

VBIL tracks an index of 0-3 Month Treasury Bill. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

Questions people ask

Which returned more over the last year, MUB or VBIL?: In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and VBIL +3.7%.
Which is cheaper, MUB or VBIL?: MUB is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

MUB vs VUSB BIL vs MUB MUB vs SGOV BOXX vs MUB VBIL vs VTEB HYMB vs VBIL VBIL vs VTIP SCHP vs VBIL

Where to next

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

Sources and dates

MUB filings on SEC EDGAR ↗

MUB prospectus with the expense ratio (SEC) ↗

iShares page for MUB ↗

VBIL filings on SEC EDGAR ↗

VBIL prospectus with the expense ratio (SEC) ↗

Vanguard page for VBIL ↗

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

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