MUB vs SPY
Comparison between ISHARES NATIONAL MUNI BOND ETF (MUB, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MUB, delivering a return of +13.3% compared to +0.7%
MUB vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MUB
$45B
Winner
SPY
$781B
Expense Ratio
Winner
MUB
0.05%
SPY
0.09%
Max Drawdown
Winner
MUB
14.39%
SPY
56.47%
Sharpe Ratio
MUB
0.43
Winner
SPY
1.42
5Y Beta
Winner
MUB
0.05
SPY
1.00
P/E Ratio
MUB
N/A
SPY
26.48
Forward P/E
MUB
N/A
SPY
20.90
PEG Ratio
MUB
N/A
SPY
0.30
5Y Dividends CAGR
Winner
MUB
6.98%
SPY
6.00%
5Y EPS CAGR
MUB
N/A
SPY
26.40%
Debt to Equity
MUB
N/A
SPY
48.17%
P/S Ratio
MUB
N/A
SPY
3.72
P/B Ratio
MUB
N/A
SPY
5.55
MUB vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MUB
-0.94%
Winner
SPY
+3.42%
3M
MUB
-0.18%
Winner
SPY
+5.97%
6M
MUB
-0.03%
Winner
SPY
+12.56%
1Y
MUB
+5.09%
Winner
SPY
+23.65%
5Y(CAGR)
MUB
+0.65%
Winner
SPY
+13.33%
10Y(CAGR)
MUB
+1.84%
Winner
SPY
+15.34%
Max(CAGR)
MUB
+3.07%
Winner
SPY
+8.61%
MUB vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MUB | SPY |
|---|---|---|
| 2026 | +0.65% | +13.79% |
| 2025 | +3.65% | +18.00% |
| 2024 | +1.40% | +25.59% |
| 2023 | +5.17% | +26.72% |
| 2022 | -7.26% | -18.64% |
| 2021 | +1.08% | +30.52% |
| 2020 | +5.03% | +17.28% |
| 2019 | +7.08% | +31.09% |
| 2018 | +1.07% | -5.24% |
| 2017 | +4.82% | +20.78% |
| 2016 | +0.05% | +13.59% |
| 2015 | +3.17% | +1.31% |
| 2014 | +9.00% | +14.56% |
| 2013 | -4.44% | +29.00% |
| 2012 | +5.08% | +14.17% |
| 2011 | +12.54% | +0.85% |
| 2010 | -0.05% | +13.14% |
| 2009 | +7.11% | +22.67% |
| 2008 | +0.84% | -36.25% |
| 2007 | +1.76% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
MUB vs SPY Drawdown Comparison
The maximum drawdown for MUB was -13.68%, occurring on Mar 19, 2020. Recovery took 100 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MUB drawdown is -1.25%.
| Rank | MUB | SPY |
|---|---|---|
| #1 | -13.68% Mar 9, 2020 - Jul 30, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -12.33% Sep 9, 2008 - Jan 8, 2009 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -11.89% Jul 19, 2021 - Dec 4, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -9.74% Nov 30, 2012 - Jul 21, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -8.86% Aug 25, 2010 - Jul 13, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -6.70% Jul 7, 2016 - Dec 21, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -5.67% Jan 17, 2008 - May 20, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -5.41% Feb 13, 2012 - Sep 28, 2012 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.80% Jan 12, 2009 - Apr 16, 2009 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.78% Dec 6, 2024 - Sep 10, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.79% May 20, 2008 - Sep 5, 2008 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.53% May 20, 2009 - Aug 19, 2009 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -3.16% Sep 30, 2009 - Apr 21, 2010 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.94% Jan 30, 2015 - Nov 23, 2015 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.79% Feb 26, 2026 - Jul 2, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MUB and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (1999 - 2026)
MUB vs SPY dividend yield comparison.
| Year | MUB | SPY |
|---|---|---|
| 2026 | 1.89% | 0.48% |
| 2025 | 3.14% | 1.07% |
| 2024 | 3.01% | 1.21% |
| 2023 | 2.65% | 1.40% |
| 2022 | 2.11% | 1.65% |
| 2021 | 1.81% | 1.20% |
| 2020 | 2.11% | 1.52% |
| 2019 | 2.42% | 1.75% |
| 2018 | 2.46% | 2.04% |
| 2017 | 2.26% | 1.80% |
| 2016 | 2.21% | 2.03% |
| 2015 | 2.51% | 2.06% |
| 2014 | 2.73% | 1.87% |
| 2013 | 3.02% | 1.81% |
| 2012 | 2.89% | 2.18% |
| 2011 | 3.31% | 2.05% |
| 2010 | 3.80% | 1.80% |
| 2009 | 3.61% | 1.95% |
| 2008 | 3.54% | 3.02% |
| 2007 | 1.15% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
Popular: MUB vs SPY
More Comparisons
Compare with similar stocks
Compare MUB with:
Compare SPY with:
Popular suggestions:
TFI vs MUB
STATE STREET(R) SPDR NUVEEN ICE MUNICIPAL BOND ETF vs ISHARES NATIONAL MUNI BOND ETF
VTEB vs MUB
VANGUARD TAX-EXEMPT BOND INDEX FUND ETF SHARES vs ISHARES NATIONAL MUNI BOND ETF
SPY vs VOO
SPDR S&P 500 ETF Trust vs VANGUARD 500 INDEX FUND ETF SHARES
SPY vs BRK-B
SPDR S&P 500 ETF Trust vs Berkshire Hathaway Inc - Class B
SPY vs SCHD
SPDR S&P 500 ETF Trust vs SCHWAB U.S. DIVIDEND EQUITY ETF
NYF vs MUB
ISHARES NEW YORK MUNI BOND ETF vs ISHARES NATIONAL MUNI BOND ETF
MUB vs SUB
ISHARES NATIONAL MUNI BOND ETF vs ISHARES SHORT-TERM NATIONAL MUNI BOND ETF
SPY vs GLD
SPDR S&P 500 ETF Trust vs SPDR Gold Shares ETF
SPY vs SPYG
SPDR S&P 500 ETF Trust vs STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) GROWTH ETF