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

In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and VBR +17.6%.

Which is cheaper, MUB or VBR?

Neither: MUB and VBR both charge 0.05% a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

MUB vs VBR: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, MUB returned −0.4% to VBR's +17.6%; 0% of their weight is in the same names.

askIQ about this page

askIQ about MUB and VBR

Net assets: $54.1bn on Oct 27, 2026 for iShares National Muni Bond ETF, and $35.1bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Value ETF.

MUB on its own →VBR on its own →

At a glance

−0.4%

MUB total return, 1 year

+17.6%

VBR total return, 1 year

0.05%

MUB expense ratio

0.05%

VBR expense ratio

Pair scorecard

Both cost 0.05% a year; their one-year returns differ by 18.0 points; MUB is 1.3 times larger.

MUB vs VBR: Differences, Returns & Fees
Measure	MUB	VBR
Return
Measure	MUB	VBR
Total return, 1 year	−0.4%	+17.6%
Drawdown
Measure	MUB	VBR
Below its high		3.9%, high on Aug 14, 2026
Benchmark
Measure	MUB	VBR
What it tracks	ICE AMT-Free US National Municipal Index	Morningstar US Small Cap Value Index
Cost and size
Measure	MUB	VBR
Expense ratio	0.05%	0.05%
Net assets, as of Sep 30, 2026	$46.6bn	$35.1bn
Holdings
Measure	MUB	VBR
Holdings in common	0%
In the S&P 500, by weight		30%
Top ten holdings, share of the fund		5.9%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, MUB and VBR hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MUB VBR

Only in one fund ↓

Only in MUB

UNIVERSITY TEX UNIV REVS 0.16%

SAN ANTONIO TEX WTR REV 0.13%

NEW YORK ST TWY AUTH ST PERS I 0.12%

NORTHWEST TEX INDPT SCH DIST 0.12%

OKLAHOMA TRANSN AUTH OK F/K/A 0.12%

HOUSTON TEX HIGHER ED FIN CORP 0.11%

NEW JERSEY ST 0.11%

OHIO ST UNIV GEN RCPTS 0.11%

Only in VBR

Moderna Inc 0.79%

Jabil Inc 0.68%

SLCMT1142 0.62%

Williams-Sonoma Inc 0.61%

Atmos Energy Corp 0.60%

F5 Inc 0.57%

Smurfit Westrock PLC 0.53%

Tapestry Inc 0.52%

Check overlap with more funds →

Side by side

MUB iShares National Muni Bond ETF VBR Vanguard Morningstar Small-Cap Value ETF

Where it sits Bond ETF Stock ETF

Issuer iShares Vanguard

What it is Tracks an index of National Muni Bond Tracks an index of Small-Cap Value

Total return, 1 year −0.4% +17.6%

Expense ratio 0.05% 0.05%

Holdings 7873 822

Net assets, MUB as of Oct 27, 2026 and VBR as of Sep 30, 2026 $54.1bn $35.1bn

MUB and VBR 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.

VBR

VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, MUB or VBR?: In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and VBR +17.6%.
Which is cheaper, MUB or VBR?: Neither: MUB and VBR both charge 0.05% a year. Fees come from each fund's prospectus.

Other comparisons

AVUV vs MUB IJS vs MUB MUB vs VBK CGDV vs MUB VBR vs VTEB HYMB vs VBR BNDX vs VBR SGOV vs VBR

Where to next

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

Sources and dates

MUB filings on SEC EDGAR ↗

MUB prospectus with the expense ratio (SEC) ↗

iShares page for MUB ↗

VBR filings on SEC EDGAR ↗

VBR prospectus with the expense ratio (SEC) ↗

Vanguard page for VBR ↗

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

Open data →

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