Data as of Oct 28, 2026.

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MUB vs VUSB: Differences, Returns & Fees

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MUB's duration was 7.0 years on Aug 31, 2026 and VUSB's 1.0 on Jun 30, 2026; MUB charges 0.05% to VUSB's 0.10%.

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Net assets: $54.1bn on Oct 27, 2026 for iShares National Muni Bond ETF, and $9.9bn on Sep 30, 2026 for Vanguard Ultra-Short Bond ETF.

At a glance
−0.4%
MUB total return, 1 year
+3.5%
VUSB total return, 1 year
0.05%
MUB expense ratio
0.10%
VUSB expense ratio

Pair scorecard

MUB costs 0.05 points a year less; their one-year returns differ by 3.9 points; MUB is 4.7 times larger.

MUB vs VUSB: Differences, Returns & Fees
MeasureMUBVUSB
Return
Total return, 1 year−0.4%+3.5%
Benchmark
What it tracksICE AMT-Free US National Municipal IndexNo index, actively managed
Cost and size
Expense ratio0.05%0.10%
Net assets, as of Sep 30, 2026$46.6bn$9.9bn
Holdings
Holdings in common0%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

What they share

0%

By the books each fund has filed, MUB and VUSB hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MUB VUSB
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 VUSB
TREASURY BILL, due Jun 10, 2027 4.19%
US TREASURY N/B, due Jul 31, 2027 0.67%
PNC FINANCIAL, due Oct 26, 2029 0.58%
US TREASURY N/B, due Jun 30, 2028 0.52%
REGIONS BANKS, due Jul 27, 2029 0.51%
US BANCORP, due Jun 12, 2029 0.50%
CHARLES SCHWAB, due Jul 27, 2029 0.49%
TRUIST BANK, due Jul 24, 2028 0.44%
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Side by side

MUB iShares National Muni Bond ETF VUSB Vanguard Ultra-Short Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of National Muni Bond Actively managed
Total return, 1 year −0.4% +3.5%
Its benchmark over the same days not measured −1.4% (AGG)
Gap to its benchmark not measured +4.9 pts vs AGG
Expense ratio 0.05% 0.10%
Holdings 7873 1344
Net assets, MUB as of Oct 27, 2026 and VUSB as of Sep 30, 2026 $54.1bn $9.9bn

MUB and VUSB 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.

VUSB

VUSB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +3.5% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.10% a year.

Questions people ask

Which returned more over the last year, MUB or VUSB?
In the year to Oct 28, 2026, with distributions reinvested, MUB returned −0.4% and VUSB +3.5%.
Which is cheaper, MUB or VUSB?
MUB is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, MUB against VUSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/mub-vs-vusb

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