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

In the year to Oct 9, 2026, with distributions reinvested, MUB returned −2.0% and VCRM −1.2%.

Which is cheaper, MUB or VCRM?

MUB is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

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MUB vs VCRM: Differences, Returns & Fees

MUB's duration was 6.3 years on May 31, 2026 and VCRM's 7.7 on Jul 31, 2026; MUB charges 0.05% to VCRM's 0.12%. Net assets: $48.9bn on Oct 9, 2026 for iShares National Muni Bond ETF, and $2.2bn on Sep 30, 2026 for Vanguard Core Tax-Exempt Bond ETF.

MUB costs 0.07 points a year less; their one-year returns differ by 0.8 points; MUB is far larger, $46.6bn against $2.2bn.

	MUB	VCRM
Expense ratio	0.05%	0.12%
Net assets, as of Sep 30, 2026	$46.6bn	$2.2bn
Total return, 1 year	−2.0%	−1.2%
What it tracks	ICE AMT-Free US National Municipal Index	No index, actively managed
Holdings in common	2%
Below its high	5.3%, high on Jul 6, 2026	5.2%, high on Jul 2, 2026

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

−2.0%

MUB total return, 1 year

−1.2%

VCRM total return, 1 year

0.05%

MUB expense ratio

0.12%

VCRM expense ratio

What they hold in common

By the books each fund has filed, MUB and VCRM hold 2% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Jul 31, 2026.

50%

half

2% in common

Positions both hold, largest shared weight first

Holding MUB VCRM

Grand Parkway Transportation Corp., Series 2020C, due Oct 1, 2049 0.05% 0.07%

Bay Area Toll Authority, Series 2017S-7, due Apr 1, 2038 0.05% 0.07%

Intermountain Power Agency, Series 2022A, due Jul 1, 2043 0.05% 0.08%

Dallas Fort Worth International Airport, Series 2021B, due Nov 1, 2043 0.04% 0.09%

Illinois State Toll Highway Authority, Series 2021A, due Jan 1, 2046 0.04% 0.26%

City of El Paso, Series 2025, due Mar 1, 2050 0.04% 0.05%

Commonwealth of Massachusetts, Series 2018E, due Sep 1, 2038 0.04% 0.06%

Jarrell Independent School District, Series 2024, due Feb 15, 2054 0.04% 0.05%

State of Illinois Sales Tax, Series 2025C, due Jun 15, 2041 0.04% 0.12%

City of New York, Series 2019D-1, due Dec 1, 2044 0.03% 0.09%

County of Cuyahoga, Series 2026, due Dec 1, 2061 0.03% 0.06%

Dallas Area Rapid Transit, Series 2021B, due Dec 1, 2051 0.03% 0.10%

Only in MUB

Board of Regents of the University of Texas System, Series 2025B, due Aug 15, 2036 0.19%

New York State Thruway Authority, Series 2022A, due Mar 15, 2048 0.15%

San Antonio Water System, Series 2025D, due May 1, 2055 0.14%

Triborough Bridge & Tunnel Authority, Series 2005B-2, due Jan 1, 2032 0.14%

New York City Transitional Finance Authority Future Tax Secured, Series 2019C-4, due Nov 1, 2044 0.13%

New York State Dormitory Authority, Series 2019D, due Feb 15, 2047 0.13%

Ohio State University (The), Series 2026A, due Jun 1, 2035 0.13%

Houston Higher Education Finance Corp., Series 2024, due May 15, 2034 0.13%

Only in VCRM

UNIVERSITY CINCINNATI OHIO GEN GEN RCPTS BDS 2017 A, due Jun 1, 2045 0.84%

BLACK BELT GAS DT-B, due Oct 1, 2035 0.75%

BLACK BELT ENERGY-B, due Oct 1, 2055 0.64%

KY PUB ENERGY -A-1, due Aug 1, 2052 0.56%

JEFFERSON SALES TAX-B, due Dec 1, 2042 0.55%

BLACK BELT ENERGY-A, due Dec 1, 2034 0.48%

PEFA INC-A-REF-REV, due Apr 1, 2035 0.47%

TEXAS DEPT HSG-B, due Jan 1, 2057 0.46%

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On the same fields

MUB

iShares National Muni Bond ETF

VCRM

Vanguard Core Tax-Exempt Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares Vanguard

What it is Tracks an index of National Muni Bond Actively managed

Total return, 1 year −2.0% −1.2%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −19.3 pts −18.5 pts

Expense ratio 0.05% 0.12%

Holdings 7448 2387

Net assets, MUB as of Oct 9, 2026 and VCRM as of Sep 30, 2026 $48.9bn $2.2bn

MUB and VCRM on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

MUB in plain words

MUB tracks an index of National Muni Bond. Over the year to Oct 9, 2026 it returned −2.0% with distributions reinvested. The prospectus expense ratio is 0.05% a year. It sat 5.3% below its high of Jul 6, 2026 on Oct 9, 2026.

VCRM in plain words

VCRM is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.12% a year. It sat 5.2% below its high of Jul 2, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, MUB or VCRM?: In the year to Oct 9, 2026, with distributions reinvested, MUB returned −2.0% and VCRM −1.2%.
Which is cheaper, MUB or VCRM?: MUB is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FMB vs MUB MUB vs TFI MUB vs SCMB MUB vs PZA VCRM vs VTEB JMUB vs VCRM PZA vs VCRM SCMB vs VCRM

MUB on its own →VCRM on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

MUB filings on SEC EDGAR ↗MUB prospectus with the expense ratio (SEC) ↗iShares page for MUB ↗VCRM filings on SEC EDGAR ↗VCRM prospectus with the expense ratio (SEC) ↗Vanguard page for VCRM ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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 VCRM, data as of Oct 9, 2026. https://etfiq.com/compare/any/mub-vs-vcrm

Open data

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