IVV vs LMUB
iShares Core S&P 500 ETF vs iShares Long-Term National Muni Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. LMUB offers more diversification with 783 holdings.
Side-by-Side Comparison
| Metric | IVV | LMUB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.09% | |
| AUM | $907.0B | $1.6B | |
| Dividend Yield | 1.10% | 3.84% | |
| Holdings | 508 | 783 | |
| YTD Return | +12.28% | +0.23% | |
| 1Y Return | +20.94% | +6.94% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 5.5% | |
| Max Drawdown | -56.5% | -5.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Mar 17, 2025 |
IVV vs LMUB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Long-Term National Muni Bond ETF (LMUB) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +20.94% while LMUB returned +6.94%. Year to date, IVV is up 12.28% versus a gain of 0.23% for LMUB.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.5% for LMUB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -5.5% for LMUB. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LMUB charges 0.09%. On a $10,000 position that is $3 vs $9 annually, a gap of $6 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.84% for LMUB.
Holdings Overlap
IVV and LMUB share 0 holdings out of 822 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or LMUB?
IVV has an expense ratio of 0.03% while LMUB charges 0.09%. IVV is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, IVV or LMUB?
Over the past year IVV returned +20.94% vs +6.94% for LMUB, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +6.98% vs +2.83% for LMUB. Past performance does not guarantee future results.
Which is riskier, IVV or LMUB?
IVV has been the more volatile fund at 15.1% annualized versus 5.5% for LMUB. Worst drawdown: IVV -56.5% vs LMUB -5.5%.
Should I hold both IVV and LMUB?
IVV and LMUB have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LMUB?
IVV and LMUB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 822 unique securities.
Which pays a higher dividend, IVV or LMUB?
IVV yields 1.10% while LMUB yields 3.84%, so LMUB currently pays the higher dividend yield.
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