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ETF comparison

MUB vs SCMB

Both US Municipal Bond.

iShares National Muni Bond ETF · Schwab Municipal Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
21.8 %

2,422 positions appear in both funds. Buying equal dollars of MUB and SCMB would leave roughly 21.8% of each dollar exposed to the same underlying securities.

MUB unmatched 76.5% Shared 21.8% SCMB unmatched 77.2%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In MUB only
4,231 positions
Shared
2,422 positions
In SCMB only
4,423 positions

Side by side

MUB

iShares National Muni Bond ETF

iShares · US Municipal Bond

97 composite / 100
Expense ratio
0.050%
Net assets
$46.62B
TTM yield
3.30%
Top-10 conc.
1.4%
SCMB

Schwab Municipal Bond ETF

Schwab · US Municipal Bond

92 composite / 100
Expense ratio
0.030%
Net assets
$3.07B
TTM yield
3.72%
Top-10 conc.
1.9%

Sub-score comparison

95
Cost
97
93
Tax efficiency
93
100
Liquidity
78
100
Concentration
100
—
Tracking quality
—
MUB sub-score SCMB

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SCMB is 2 bps cheaper than MUB. On a $100,000 position that's about $20/yr more in fees for MUB.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with MUB vs SCMB.

Top shared holdings

2,422 shared in total
# Holding In MUB In SCMB Overlap
1 State of California 0.12% 0.15% 0.12%
2 Chicago Transit Authority Sales Tax Receipts Fund 0.11% 0.14% 0.11%
3 New Jersey Transportation Trust Fund Authority 0.09% 0.11% 0.09%
4 State of Maryland 0.09% 0.13% 0.09%
5 Commonwealth of Massachusetts 0.08% 0.09% 0.08%
6 San Antonio Water System 0.14% 0.08% 0.08%
7 New York State Dormitory Authority 0.08% 0.08% 0.08%
8 County of Jefferson 0.08% 0.08% 0.08%
9 State of Washington 0.07% 0.10% 0.07%
10 University of California 0.07% 0.08% 0.07%
11 Ohio State University (The) 0.13% 0.07% 0.07%
12 Commonwealth of Pennsylvania 0.07% 0.11% 0.07%

Only in MUB

4,231 total
  • Board of Regents of the University of Texas System 0.19%
  • Triborough Bridge & Tunnel Authority 0.14%
  • New York City Transitional Finance Authority Future Tax Secured 0.13%
  • Northwest Independent School District 0.13%
  • State of Washington 0.12%
  • Pennsylvania Turnpike Commission 0.12%
  • Long Island Power Authority 0.11%
  • Orlando Utilities Commission 0.11%
  • Washoe County School District 0.11%
  • New Jersey Educational Facilities Authority 0.11%

Only in SCMB

4,423 total
  • Commonwealth of Massachusetts 0.22%
  • Gwinnett County School District 0.22%
  • Commonwealth of Pennsylvania 0.21%
  • State of California Department of Water Resources 0.19%
  • State of Washington 0.17%
  • New York City Municipal Water Finance Authority 0.17%
  • Northwest Independent School District 0.16%
  • Indiana Finance Authority 0.15%
  • MTA Hudson Rail Yards Trust Obligations 0.15%
  • City of New York NY 0.15%

Percentages are holdings overlap with the named fund.

Open MUB or SCMB at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.