MUB vs GOVT
Comparison between ISHARES NATIONAL MUNI BOND ETF (MUB, ETF) and ISHARES U.S. TREASURY BOND ETF (GOVT, ETF).
5-Year PerformanceMUB has outperformed GOVT, delivering a return of +0.6% compared to -0.8%
MUB vs GOVT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
MUB vs GOVT - Historical Returns
Returns include dividend reinvestment.
MUB vs GOVT - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | MUB | GOVT |
|---|---|---|
| 2026 | +0.59% | -0.36% |
| 2025 | +3.65% | +6.15% |
| 2024 | +1.40% | +3.27% |
| 2023 | +5.17% | +3.62% |
| 2022 | -7.26% | -11.87% |
| 2021 | +1.08% | -1.60% |
| 2020 | +5.03% | +7.08% |
| 2019 | +7.08% | +6.49% |
| 2018 | +1.07% | +0.54% |
| 2017 | +4.82% | +2.19% |
| 2016 | +0.05% | +0.60% |
| 2015 | +3.17% | +0.32% |
| 2014 | +9.00% | +4.75% |
| 2013 | -4.44% | -2.37% |
| 2012 | +5.08% | +2.23% |
| 2011 | +12.54% | N/A |
| 2010 | -0.05% | N/A |
| 2009 | +7.11% | N/A |
| 2008 | +0.84% | N/A |
| 2007 | +1.76% | N/A |
MUB vs GOVT Drawdown Comparison
The maximum drawdown for MUB was -13.68%, occurring on Mar 19, 2020. Recovery took 100 trading sessions.
The maximum drawdown for GOVT was -19.07%, occurring on Oct 19, 2023. This drawdown has not yet recovered.
The current MUB drawdown is -1.30%. The current GOVT drawdown is -7.45%.
| Rank | MUB | GOVT |
|---|---|---|
| #1 | -13.68% Mar 9, 2020 - Jul 30, 2020 | -19.07% Aug 4, 2020 - Oct 19, 2023 |
| #2 | -12.33% Sep 9, 2008 - Jan 8, 2009 | -5.87% Jul 8, 2016 - May 13, 2019 |
| #3 | -11.89% Jul 19, 2021 - Dec 4, 2024 | -4.56% Mar 9, 2020 - Apr 21, 2020 |
| #4 | -9.74% Nov 30, 2012 - Jul 21, 2014 | -4.55% May 1, 2013 - Oct 8, 2014 |
| #5 | -8.86% Aug 25, 2010 - Jul 13, 2011 | -3.54% Jan 30, 2015 - Jan 29, 2016 |
| #6 | -6.70% Jul 7, 2016 - Dec 21, 2018 | -2.63% Sep 4, 2019 - Jan 29, 2020 |
| #7 | -5.67% Jan 17, 2008 - May 20, 2008 | -2.14% Apr 21, 2020 - Jul 23, 2020 |
| #8 | -5.41% Feb 13, 2012 - Sep 28, 2012 | -1.93% Jul 25, 2012 - May 1, 2013 |
| #9 | -4.80% Jan 12, 2009 - Apr 16, 2009 | -1.93% Mar 8, 2012 - Apr 23, 2012 |
| #10 | -4.78% Dec 6, 2024 - Sep 10, 2025 | -1.74% Feb 11, 2016 - Apr 7, 2016 |
| #11 | -3.79% May 20, 2008 - Sep 5, 2008 | -1.27% Apr 7, 2016 - May 13, 2016 |
| #12 | -3.53% May 20, 2009 - Aug 19, 2009 | -1.25% Jun 1, 2012 - Jul 16, 2012 |
| #13 | -3.16% Sep 30, 2009 - Apr 21, 2010 | -1.16% Oct 15, 2014 - Dec 12, 2014 |
| #14 | -2.94% Jan 30, 2015 - Nov 23, 2015 | -1.07% Dec 16, 2014 - Jan 5, 2015 |
| #15 | -2.79% Feb 26, 2026 - Jul 2, 2026 | -0.97% Jul 3, 2019 - Aug 1, 2019 |
Correlation
Correlation between MUB and GOVT is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2007 - 2026)
MUB vs GOVT dividend yield comparison.
| Year | MUB | GOVT |
|---|---|---|
| 2026 | 1.61% | 1.82% |
| 2025 | 3.14% | 3.49% |
| 2024 | 3.01% | 3.14% |
| 2023 | 2.65% | 2.65% |
| 2022 | 2.11% | 1.77% |
| 2021 | 1.81% | 0.95% |
| 2020 | 2.11% | 2.17% |
| 2019 | 2.42% | 1.98% |
| 2018 | 2.46% | 1.97% |
| 2017 | 2.26% | 1.57% |
| 2016 | 2.21% | 1.40% |
| 2015 | 2.51% | 1.25% |
| 2014 | 2.73% | 1.17% |
| 2013 | 3.02% | 0.94% |
| 2012 | 2.89% | 0.85% |
| 2011 | 3.31% | 0.00% |
| 2010 | 3.80% | 0.00% |
| 2009 | 3.61% | 0.00% |
| 2008 | 3.54% | 0.00% |
| 2007 | 1.15% | 0.00% |
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