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Data as of Oct 28, 2026.

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MUB vs VGSH: Differences, Returns & Fees

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MUB's duration was 7.0 years on Aug 31, 2026 and VGSH's 1.8 on May 31, 2026; VGSH charges 0.03% to MUB's 0.05%.

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Net assets: $54.1bn on Oct 27, 2026 for iShares National Muni Bond ETF, and $35.1bn on Sep 30, 2026 for Vanguard Short-Term Treasury ETF.

MUB on its own →VGSH on its own →
At a glance
−0.4%
MUB total return, 1 year
+1.7%
VGSH total return, 1 year
0.05%
MUB expense ratio
0.03%
VGSH expense ratio

Pair scorecard

VGSH costs 0.02 points a year less; their one-year returns differ by 2.1 points; MUB is 1.3 times larger.

MUB vs VGSH: Differences, Returns & Fees
MeasureMUBVGSH
Return
Total return, 1 year−0.4%+1.7%
Benchmark
What it tracksICE AMT-Free US National Municipal IndexBloomberg U.S. Treasury 1-3 Year Index
Cost and size
Expense ratio0.05%0.03%
Net assets, as of Sep 30, 2026$46.6bn$35.1bn
Holdings
Holdings in common0%

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

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MUB VGSH
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 VGSH
US TREASURY N/B, due Jan 31, 2028 2.24%
US TREASURY N/B, due Apr 30, 2029 1.40%
US TREASURY N/B, due Jul 31, 2027 1.35%
US TREASURY N/B, due Feb 28, 2029 1.31%
US TREASURY N/B, due Mar 31, 2029 1.30%
US TREASURY N/B, due Jun 15, 2027 1.29%
US TREASURY N/B, due May 15, 2027 1.26%
US TREASURY N/B, due Aug 15, 2027 1.26%
Check overlap with more funds →

Side by side

MUB iShares National Muni Bond ETF VGSH Vanguard Short-Term Treasury 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 Short-Term Treasury
Total return, 1 year −0.4% +1.7%
Its benchmark over the same days not measured +1.8% (SCHO)
Gap to its benchmark not measured −0.1 pts vs SCHO
Expense ratio 0.05% 0.03%
Holdings 7873 93
Net assets, MUB as of Oct 27, 2026 and VGSH as of Sep 30, 2026 $54.1bn $35.1bn

MUB and VGSH on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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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.

VGSH

VGSH tracks an index of Short-Term Treasury. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the Bloomberg U.S. Treasury 1-3 Year Index. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, MUB or VGSH?
In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and VGSH +1.7%.
Which is cheaper, MUB or VGSH?
VGSH is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
MUB vs SHYIEI vs MUBMUB vs VGITMUB vs USHYVGSH vs VTEBHYMB vs VGSHBIL vs VGSHTLT vs VGSH
Where to next
MUB on its own →VGSH on its own →Hold both: look the portfolio through →Rankings →MUB dividend history →MUB holdings →VGSH dividend history →VGSH holdings →Standards and sources →
Sources and dates
MUB filings on SEC EDGAR ↗
MUB prospectus with the expense ratio (SEC) ↗
iShares page for MUB ↗
VGSH filings on SEC EDGAR ↗
VGSH prospectus with the expense ratio (SEC) ↗
Vanguard page for VGSH ↗

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.

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ETFIQ, MUB against VGSH, data as of Oct 28, 2026. https://etfiq.com/compare/any/mub-vs-vgsh

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