iShares Long-Term National Muni Bond ETF (LMUB) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with LMUB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to LMUB
LMUB charges 0.09% annually. There are 11 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | LMUB vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | LMUB vs SCMB | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.89M | Aug 2025 | LMUB vs TAXT | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | LMUB vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 153.73M | Aug 2025 | LMUB vs TAXI |
Best Risk-Adjusted Alternatives to LMUB
LMUB has a PortfoliosLab risk / return rank of 76. There are 56 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 98 | 9.88M | Sep 2024 | LMUB vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 246.08M | Nov 2018 | LMUB vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | LMUB vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.39B | Mar 2015 | LMUB vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 95 | 38.99M | Jul 2024 | LMUB vs GUMI |
Top Performing LMUB Alternatives (YTD)
LMUB is at 2.88% YTD. There are 16 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.59% | 142.76M | Jun 2013 | LMUB vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 4.35% | 19.03M | Sep 2016 | LMUB vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 4.16% | 25.43M | Nov 2025 | LMUB vs THYM | |
| Rareview Tax Advantaged Income ETF | 3.87% | 18.13M | Oct 2020 | LMUB vs RTAI | |
| Overlay Shares Municipal Bond ETF | 3.68% | 30.60M | Sep 2019 | LMUB vs OVM |
Lowest Volatility Alternatives to LMUB
LMUB has 4.16% 1-year volatility. There are 124 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 30.59M | Sep 2025 | LMUB vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | LMUB vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | LMUB vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.78% | 30.06M | Jul 2025 | LMUB vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | LMUB vs FUMB |
Lowest Drawdown Alternatives to LMUB
LMUB has a 1-year max drawdown of -3.11%. There are 89 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 246.08M | Nov 2018 | LMUB vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | LMUB vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | LMUB vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | LMUB vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 587.10M | Apr 2019 | LMUB vs IBMO |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, IVV and span 14 categories. AUM among these funds goes as high as $838B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 1.72% | 95.28B | May 2020 | LMUB vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -31.78% | 48.04B | Jan 2024 | LMUB vs IBIT | |
| iShares Core S&P 500 ETF | S&P 500 | 60 | 8.13% | 837.93B | May 2000 | LMUB vs IVV | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 95 | 99.95% | 46.67B | Jul 2001 | LMUB vs SOXX | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 16 | 2.15% | 41.34B | Jul 2002 | LMUB vs TLT | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 78 | 9.37% | 41.89B | Jun 2014 | LMUB vs DGRO | |
| iShares Silver Trust | Silver, Precious Metals | 28 | -19.62% | 32.53B | Apr 2006 | LMUB vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 21 | -7.61% | 64.29B | Jan 2005 | LMUB vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 70 | 21.03% | 81.35B | May 2000 | LMUB vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 59 | 9.71% | 32.95B | Mar 2008 | LMUB vs ACWI |
Often Compared With LMUB
Investors most often compare LMUB with SMMU, DBC, MUB. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare LMUB with Any Fund or Stock
Compare LMUB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair LMUB with funds that move differently
iShares Long-Term National Muni Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LMUB.
Explore LMUB Diversifiers