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

In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and VOE +22.8%.

Which is cheaper, MUB or VOE?

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

Data as of Oct 28, 2026.

Across categories

MUB vs VOE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, MUB returned −0.4% to VOE's +22.8%; 0% of their weight is in the same names.

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Net assets: $54.1bn on Oct 27, 2026 for iShares National Muni Bond ETF, and $22.8bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Value ETF.

MUB on its own →VOE on its own →

At a glance

−0.4%

MUB total return, 1 year

+22.8%

VOE total return, 1 year

0.05%

MUB expense ratio

0.05%

VOE expense ratio

Pair scorecard

Both cost 0.05% a year; their one-year returns differ by 23.2 points; MUB is 2.0 times larger.

MUB vs VOE: Differences, Returns & Fees
Measure	MUB	VOE
Return
Measure	MUB	VOE
Total return, 1 year	−0.4%	+22.8%
Benchmark
Measure	MUB	VOE
What it tracks	ICE AMT-Free US National Municipal Index	Morningstar US Mid Cap Value Index
Cost and size
Measure	MUB	VOE
Expense ratio	0.05%	0.05%
Net assets, as of Sep 30, 2026	$46.6bn	$22.8bn
Holdings
Measure	MUB	VOE
Holdings in common	0%
In the S&P 500, by weight		96%
Top ten holdings, share of the fund		14.0%

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 VOE 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 VOE

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 VOE

Valero Energy Corp 1.90%

Marathon Petroleum Corp 1.89%

Phillips 66 1.73%

Hewlett Packard Enterprise Co 1.37%

Warner Bros Discovery Inc 1.25%

SLB Ltd 1.23%

Target Corp 1.21%

Cummins Inc 1.21%

Check overlap with more funds →

Side by side

MUB iShares National Muni Bond ETF VOE Vanguard Morningstar Mid-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 Mid-Cap Value

Total return, 1 year −0.4% +22.8%

Expense ratio 0.05% 0.05%

Holdings 7873 169

Net assets, MUB as of Oct 27, 2026 and VOE as of Sep 30, 2026 $54.1bn $22.8bn

MUB and VOE 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.

VOE

VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.

Questions people ask

Which returned more over the last year, MUB or VOE?: In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and VOE +22.8%.
Which is cheaper, MUB or VOE?: Neither: MUB and VOE both charge 0.05% a year. Fees come from each fund's prospectus.

Other comparisons

MUB vs RSP DVY vs MUB MUB vs SDY COWZ vs MUB VOE vs VTEB HYMB vs VOE BINC vs VOE SCHP vs VOE

Where to next

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

Sources and dates

MUB filings on SEC EDGAR ↗

MUB prospectus with the expense ratio (SEC) ↗

iShares page for MUB ↗

VOE filings on SEC EDGAR ↗

VOE prospectus with the expense ratio (SEC) ↗

Vanguard page for VOE ↗

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

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