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

In the year to Sep 13, 2026, with distributions reinvested, MUB returned +0.1% and VNQ returned +5.6%, so VNQ returned more. One year is one year; the longer windows are in the table.

Which is cheaper, MUB or VNQ?

MUB charges 0.05% a year and VNQ charges 0.13%, so MUB is cheaper. Fees come from each fund's prospectus.

Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

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MUB vs VNQ: how they differ

MUB and VNQ hold 0% of their weight in the same names, and VNQ returned more over the year.

iShares National Muni Bond ETF and Vanguard Real Estate Index Fund.

What they hold in common

By the books each fund has filed, MUB and VNQ hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in MUB	Only in VNQ
HOUSTON TEX HIGHER ED FIN CORP 0.13%	Vanguard Real Estate II Index Fund 14.67%
DISTRICT COLUMBIA UNIV REV 0.10%	Welltower Inc 7.86%
ECTOR CNTY TEX 0.08%	Prologis Inc 7.02%
NEW ORLEANS LA 0.08%	Equinix Inc 5.66%
PORT TACOMA WASH REV 0.08%	American Tower Corp 4.55%
CONTRA COSTA CALIF CMNTY COLLE 0.06%	Digital Realty Trust Inc 3.67%
LOS ANGELES CALIF 0.06%	Simon Property Group Inc 3.54%
LOS ANGELES CNTY CALIF 0.06%	Realty Income Corp 3.12%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 10, 2026.

MUB and VNQ on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
	MUB iShares National Muni Bond ETF	VNQ Vanguard Real Estate Index Fund
Where it sits	Core index fund	Core index fund
Issuer	iShares	Vanguard
What it is	National Muni Bond	US real estate
Total return, 1 year	+0.1%	+5.6%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−17.4 pts	−11.9 pts
Expense ratio	0.05%	0.13%
Holdings	5215	146

MUB in plain words

MUB is a bond fund tracking the National Muni Bond. Over the year to Sep 11, 2026 it returned +0.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. It sat 3.6% below its high of Jul 6, 2026 on Sep 11, 2026.

VNQ in plain words

VNQ is an index equity fund tracking the US real estate. Over the year to Sep 11, 2026 it returned +5.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.13% a year. By its holdings filed for Apr 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 146 positions, with the top ten at 54.9%. It sat 6.1% below its high of Jul 28, 2026 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, MUB or VNQ?: In the year to Sep 13, 2026, with distributions reinvested, MUB returned +0.1% and VNQ returned +5.6%, so VNQ returned more. One year is one year; the longer windows are in the table.
Which is cheaper, MUB or VNQ?: MUB charges 0.05% a year and VNQ charges 0.13%, so MUB is cheaper. Fees come from each fund's prospectus.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

MUB against VNQ, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, MUB against VNQ, data as of Sep 13, 2026. https://etfiq.com/compare/any/mub-vs-vnq Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources