Data as of Oct 28, 2026.
MUB vs VTWO: Differences, Returns & Fees
Over the year to Oct 28, 2026, MUB returned −0.4% to VTWO's +14.3%; 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 $16.6bn on Sep 30, 2026 for Vanguard Russell 2000 ETF.
Pair scorecard
MUB costs 0.01 points a year less; their one-year returns differ by 14.7 points; MUB is 2.8 times larger.
| Measure | MUB | VTWO |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.4% | +14.3% |
| Drawdown | ||
| Below its high | 7.5%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | ICE AMT-Free US National Municipal Index | Russell 2000 Index |
| Cost and size | ||
| Expense ratio | 0.05% | 0.06% |
| Net assets, as of Sep 30, 2026 | $46.6bn | $16.6bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 5.4% | |
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 VTWO hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
MUB and VTWO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
VTWO
VTWO tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.3% with distributions reinvested, against +14.1% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,002 positions, with the top ten at 5.4%. It sat 7.5% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, MUB or VTWO?
- In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and VTWO +14.3%.
- Which is cheaper, MUB or VTWO?
- MUB is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
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 VTWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/mub-vs-vtwo
ETFIQ. (Oct 28, 2026). MUB against VTWO. Retrieved from https://etfiq.com/compare/any/mub-vs-vtwo
[MUB against VTWO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mub-vs-vtwo)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.