iShares National AMT-Free Muni Bond ETF (MUB)
MUB is a passive ETF by iShares tracking the investment results of the S&P National AMT-Free Municipal Bond Index. MUB launched on Sep 7, 2007 and has a 0.07% expense ratio.
ETF Info
| ISIN | US4642884146 |
|---|---|
| CUSIP | 464288414 |
| Issuer | iShares |
| Inception Date | Sep 7, 2007 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | S&P National AMT-Free Municipal Bond Index |
| Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
MUB has an expense ratio of 0.07%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: MUB vs. VTEB, MUB vs. SUB, MUB vs. HYD, MUB vs. NYF, MUB vs. BND, MUB vs. TIP, MUB vs. VWIUX, MUB vs. CMF, MUB vs. HYMB, MUB vs. TLT
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares National AMT-Free Muni Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
iShares National AMT-Free Muni Bond ETF had a return of 1.59% year-to-date (YTD) and 5.64% in the last 12 months. Over the past 10 years, iShares National AMT-Free Muni Bond ETF had an annualized return of 2.20%, while the S&P 500 had an annualized return of 11.11%, indicating that iShares National AMT-Free Muni Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.59% | 23.08% |
| 1 month | -0.32% | 0.48% |
| 6 months | 2.30% | 10.70% |
| 1 year | 5.64% | 30.22% |
| 5 years (annualized) | 1.22% | 13.50% |
| 10 years (annualized) | 2.20% | 11.11% |
Monthly Returns
The table below presents the monthly returns of MUB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.05% | -0.21% | -0.09% | -0.94% | -0.31% | 1.03% | 1.31% | 0.24% | 1.14% | -1.22% | 1.59% | ||
| 2023 | 2.46% | -2.27% | 2.41% | -0.21% | -0.64% | 0.56% | 0.03% | -0.78% | -2.55% | -1.25% | 5.71% | 2.26% | 5.56% |
| 2022 | -2.41% | -0.53% | -2.58% | -2.52% | 1.46% | -1.46% | 2.26% | -2.44% | -2.81% | -0.85% | 4.84% | -0.26% | -7.35% |
| 2021 | 0.34% | -1.56% | 0.57% | 0.76% | 0.34% | 0.35% | 0.46% | -0.20% | -0.71% | -0.05% | 0.73% | -0.01% | 1.02% |
| 2020 | 1.66% | 0.97% | -2.98% | -1.38% | 3.77% | 0.36% | 1.45% | -0.59% | 0.12% | -0.52% | 1.62% | 0.68% | 5.12% |
| 2019 | 0.38% | 0.54% | 1.49% | 0.53% | 1.41% | 0.41% | 0.73% | 1.53% | -0.76% | 0.30% | 0.06% | 0.26% | 7.06% |
| 2018 | -1.15% | -0.60% | 0.49% | -0.69% | 1.25% | 0.14% | 0.15% | 0.16% | -0.68% | -0.56% | 1.11% | 1.35% | 0.93% |
| 2017 | 0.26% | 0.52% | 0.33% | 0.54% | 1.53% | -0.42% | 0.88% | 0.80% | -0.43% | 0.09% | -0.47% | 1.01% | 4.72% |
| 2016 | 0.77% | 0.02% | 0.44% | 0.67% | 0.28% | 1.61% | -0.05% | 0.13% | -0.56% | -0.96% | -4.10% | 1.72% | -0.17% |
| 2015 | 1.60% | -1.12% | 0.22% | -0.71% | -0.49% | -0.34% | 1.12% | -0.11% | 0.86% | 0.36% | 0.50% | 1.02% | 2.91% |
| 2014 | 2.56% | 1.05% | 0.09% | 1.24% | 1.12% | -0.16% | 0.45% | 1.26% | -0.08% | 0.55% | 0.12% | 0.81% | 9.35% |
| 2013 | 0.81% | 0.53% | -1.31% | 1.75% | -3.05% | -2.69% | -0.79% | -1.72% | 2.80% | 1.21% | -0.47% | -0.42% | -3.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MUB is 49, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares National AMT-Free Muni Bond ETF (MUB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares National AMT-Free Muni Bond ETF provided a 2.95% dividend yield over the last twelve months, with an annual payout of $3.17 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.17 | $2.87 | $2.23 | $2.10 | $2.47 | $2.76 | $2.68 | $2.50 | $2.39 | $2.78 | $3.01 | $3.13 |
Dividend yield | 2.95% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares National AMT-Free Muni Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.26 | $0.27 | $0.26 | $0.26 | $0.28 | $0.26 | $0.26 | $0.27 | $0.28 | $0.27 | $2.66 | |
| 2023 | $0.00 | $0.22 | $0.24 | $0.23 | $0.23 | $0.23 | $0.24 | $0.24 | $0.23 | $0.24 | $0.25 | $0.51 | $2.87 |
| 2022 | $0.00 | $0.16 | $0.17 | $0.17 | $0.17 | $0.16 | $0.19 | $0.19 | $0.20 | $0.20 | $0.20 | $0.42 | $2.23 |
| 2021 | $0.00 | $0.18 | $0.20 | $0.18 | $0.18 | $0.18 | $0.18 | $0.17 | $0.17 | $0.17 | $0.16 | $0.33 | $2.10 |
| 2020 | $0.00 | $0.22 | $0.23 | $0.23 | $0.22 | $0.21 | $0.21 | $0.19 | $0.19 | $0.21 | $0.20 | $0.38 | $2.47 |
| 2019 | $0.00 | $0.23 | $0.25 | $0.24 | $0.24 | $0.24 | $0.23 | $0.23 | $0.22 | $0.23 | $0.22 | $0.44 | $2.76 |
| 2018 | $0.00 | $0.20 | $0.22 | $0.21 | $0.21 | $0.22 | $0.23 | $0.23 | $0.23 | $0.24 | $0.25 | $0.45 | $2.68 |
| 2017 | $0.00 | $0.21 | $0.22 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.20 | $0.21 | $0.20 | $0.41 | $2.50 |
| 2016 | $0.00 | $0.22 | $0.20 | $0.18 | $0.20 | $0.21 | $0.21 | $0.20 | $0.21 | $0.21 | $0.20 | $0.35 | $2.39 |
| 2015 | $0.00 | $0.24 | $0.24 | $0.24 | $0.24 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.44 | $2.78 |
| 2014 | $0.00 | $0.27 | $0.27 | $0.26 | $0.26 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.24 | $0.46 | $3.01 |
| 2013 | $0.24 | $0.26 | $0.25 | $0.25 | $0.25 | $0.26 | $0.26 | $0.27 | $0.27 | $0.28 | $0.55 | $3.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares National AMT-Free Muni Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares National AMT-Free Muni Bond ETF was 13.68%, occurring on Mar 19, 2020. Recovery took 92 trading sessions.
The current iShares National AMT-Free Muni Bond ETF drawdown is 1.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.68% | Mar 10, 2020 | 8 | Mar 19, 2020 | 92 | Jul 30, 2020 | 100 |
| -12.33% | Sep 10, 2008 | 26 | Oct 15, 2008 | 58 | Jan 8, 2009 | 84 |
| -11.89% | Jul 20, 2021 | 325 | Oct 31, 2022 | — | — | — |
| -9.74% | Dec 3, 2012 | 140 | Jun 24, 2013 | 270 | Jul 21, 2014 | 410 |
| -8.86% | Aug 26, 2010 | 99 | Jan 14, 2011 | 123 | Jul 13, 2011 | 222 |
Volatility
Volatility Chart
The current iShares National AMT-Free Muni Bond ETF volatility is 1.95%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.