LMUB vs VYM
iShares Long-Term National Muni Bond ETF vs Vanguard High Dividend Yield ETF
Which is better, LMUB or VYM?
Long Term Municipal Bond against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | LMUB | VYM |
|---|---|---|
| Expense Ratio | 0.09% | 0.04%Best |
| AUM | $1.6B | $81.6B |
| Dividend Yield | 3.90% | 2.22% |
| Holdings | 783 | 613 |
| YTD Return | -3.14% | +13.15%Best |
| 1Y Return | +0.41% | +17.82%Best |
| 3Y Return (annualized) | - | +17.99% |
| 5Y Return (annualized) | - | +12.16% |
| Volatility (annualized) | 6.0%Best | 9.5% |
| Max Drawdown | -6.1%Best | -11.5% |
| $10,000 over 1.5 years | $10,056 | $13,058Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Long Term Municipal Bond | Large Cap Value |
| Inception | Mar 17, 2025 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 18, 2025 to Sep 10, 2026 (1.5 years).
LMUB vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.5 years both funds cover.
LMUB vs VYM Performance
iShares Long-Term National Muni Bond ETF (LMUB) is an ETF from iShares by BlackRock (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year LMUB returned +0.41% while VYM returned +17.82%. Year to date, LMUB is down 3.14% versus a gain of 13.15% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 9.5% compared with 6.0% 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 -6.1% for LMUB and -11.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LMUB charges 0.09% per year while VYM charges 0.04%. On a $10,000 position that is $9 vs $4 annually, a gap of $5 per year that compounds over a long holding period. On income, LMUB currently yields 3.90% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 317 holdings in LMUB and 603 in VYM, totalling 36.1% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 317 positions we hold weights for in LMUB and 603 in VYM, against full books of 783 and 613.
You are not choosing between two funds in isolation.
Whichever of LMUB and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LMUB or VYM?
LMUB has an expense ratio of 0.09% while VYM charges 0.04%. VYM is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, LMUB or VYM?
Over the past year LMUB returned +0.41% vs +17.82% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), LMUB annualized +0.37% vs +19.47% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LMUB or VYM?
VYM has been the more volatile fund at 9.5% annualized versus 6.0% for LMUB. Worst drawdown: LMUB -6.1% vs VYM -11.5%.
Should I hold both LMUB and VYM?
LMUB and VYM have a monthly-return correlation of 0.40, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, LMUB or VYM?
LMUB yields 3.90% while VYM yields 2.22%, so LMUB currently pays the higher dividend yield.
Is VYM better than LMUB?
VYM has a lower expense ratio. VYM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.