iShares National Muni Bond ETF

10-Year Study

MUB.US · · US · ETF

Executive Summary: iShares National Muni Bond ETF has compounded at 1.9% annually over the last 10 years, with a maximum drawdown of 11.6% and an annualized volatility of 4.8%.

1Y CAGR
+6.0%
3Y CAGR
+3.1%
5Y CAGR
+0.7%
10Y CAGR
+1.9%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
11.6%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.48
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.72
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
5.0%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +7.1%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -7.3%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
90%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.71.0-2.51.1————————0.1%
2025-0.01.3-1.8-0.4-0.60.9-0.30.82.21.20.20.23.8%
20240.0-0.2-0.1-0.9-0.31.01.30.21.1-1.21.7-1.31.3%
20232.5-2.32.4-0.2-0.60.60.0-0.8-2.6-1.25.72.35.6%
2022-2.4-0.5-2.6-2.51.5-1.52.3-2.4-2.8-0.84.8-0.3-7.3%
20210.3-1.60.60.80.30.30.5-0.2-0.7-0.00.7-0.01.0%
20201.71.0-3.0-1.43.80.41.4-0.60.1-0.51.60.75.1%
20190.40.51.50.51.40.40.71.5-0.80.30.10.37.1%
2018-1.1-0.60.5-0.71.30.10.10.2-0.7-0.61.11.30.9%
20170.30.50.30.51.5-0.40.90.8-0.40.1-0.51.04.7%
2016———0.70.31.6-0.00.1-0.6-1.0-4.11.7-1.4%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 4.8%. The dominant macroeconomic risk driver is LQD.US, accounting for 46.1% of variance. Idiosyncratic stock-specific factors contribute 18.7%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110066.608214405023
2016-05-0110094.507957754748
2016-06-0110257.40278130911
2016-07-0110252.693915758051
2016-08-0110265.532130311296
2016-09-0110207.748763210191
2016-10-0110109.318651098145
2016-11-019694.778860044078
2016-12-019861.618641178744
2017-01-019887.146849335684
2017-02-019938.875960728288
2017-03-019971.199529341477
2017-04-0110025.083545308293
2017-05-0110178.777268379114
2017-06-0110136.044028462982
2017-07-0110224.794172408327
2017-08-0110306.600734947877
2017-09-0110262.567711320318
2017-10-0110271.791615026867
2017-11-0110223.756625761484
2017-12-0110327.408675942257
2018-01-0110208.9801372526
2018-02-0110147.525451247278
2018-03-0110197.567124137326
2018-04-0110127.08236182102
2018-05-0110253.754265627904
2018-06-0110267.915067115588
2018-07-0110283.261636199659
2018-08-0110299.269498750953
2018-09-0110229.160989614273
2018-10-0110171.913498253842
2018-11-0110284.914869867705
2018-12-0110423.44444963851
2019-01-0110462.643189988472
2019-02-0110519.52582978078
2019-03-0110675.70510415942
2019-04-0110731.972056930526
2019-05-0110882.826778736908
2019-06-0110927.304465213112
2019-07-0111007.571810199652
2019-08-0111176.030620167854
2019-09-0111090.746566119653
2019-10-0111123.45778952397
2019-11-0111129.614659736008
2019-12-0111158.882596466185
2020-01-0111344.0219640644
2020-02-0111454.446571478411
2020-03-0111112.99111016351
2020-04-0110960.015688617428
2020-05-0111372.731221830894
2020-06-0111414.11907158958
2020-07-0111579.157398106647
2020-08-0111511.044170983127
2020-09-0111525.398799866372
2020-10-0111465.437724968046
2020-11-0111651.694450493633
2020-12-0111730.285758589118
2021-01-0111770.32821819036
2021-02-0111587.035911655752
2021-03-0111652.823210032506
2021-04-0111741.550550754842
2021-05-0111782.083279650746
2021-06-0111823.117679452813
2021-07-0111877.457759879782
2021-08-0111854.335291750136
2021-09-0111770.784282650508
2021-10-0111765.106280121634
2021-11-0111850.606964788403
2021-12-0111849.75184392562
2022-01-0111564.415114432271
2022-02-0111502.994633261465
2022-03-0111205.982653588258
2022-04-0110923.997997877019
2022-05-0111083.153092858145
2022-06-0110921.158996612581
2022-07-0111167.604829266566
2022-08-0110895.20892883
2022-09-0110589.486117967912
2022-10-0110499.675624152718
2022-11-0111008.369923004917
2022-12-0110979.455436231356
2023-01-0111249.99287399281
2023-02-0110994.961627876484
2023-03-0111259.70704699402
2023-04-0111236.424956303325
2023-05-0111164.378173211002
2023-06-0111226.516955906547
2023-07-0111229.675202293092
2023-08-0111142.623898461807
2023-09-0110858.153691442749
2023-10-0110722.48591615939
2023-11-0111334.570028127775
2023-12-0111590.308174157335
2024-01-0111595.6441283411
2024-02-0111570.811418485886
2024-03-0111559.877273053771
2024-04-0111451.242718645854
2024-05-0111415.772305257626
2024-06-0111533.562353703073
2024-07-0111684.428477120957
2024-08-0111712.100188240605
2024-09-0111846.034918575393
2024-10-0111701.268657312025
2024-11-0111896.145001134459
2024-12-0111737.012709376342
2025-01-0111735.918154671981
2025-02-0111891.709774259494
2025-03-0111674.862525069293
2025-04-0111626.82753580391
2025-05-0111560.572771355502
2025-06-0111661.602450890407
2025-07-0111624.741040898718
2025-08-0111722.087999917907
2025-09-0111982.21576637642
2025-10-0112126.309332561063
2025-11-0112151.780532660485
2025-12-0112180.672216211036
2026-01-0112264.827510720364
2026-02-0112385.319741092204
2026-03-0112070.658066811162
2026-04-0112197.443986733086
Annual Return Matrix
YearAnnual Return
20170.047232614818274676
20180.00929911623619284
20190.07055615352304945
20200.051206127242873656
20210.010184413900490519
2022-0.07344427285541777
20230.055635977710717155
20240.01265751807584481
20250.03780003633124385
20260.0013769166614405748
Total Factor Risk
0.047568833549679314
VTI.US Exposure
0.22740918399742274
VEA.US Exposure
-0.0483097668210069
VWO.US Exposure
0.05497913427450554
QQQ.US Exposure
-0.15981438386340582
VTV.US Exposure
-0.06645373473089351
IJR.US Exposure
0.045852718697569836
QUAL.US Exposure
0.08485243061233
SHV.US Exposure
0.026367568874766555
TLT.US Exposure
0.14966444503593562
LQD.US Exposure
0.4613020770576176
HYG.US Exposure
0.03720043175703142
GLD.US Exposure
0.058973842242187255
USO.US Exposure
0.00668653089180663
VNQ.US Exposure
-0.014313530108198197
BTC-USD.CC Exposure
-0.0013129439967738648
CPER.US Exposure
-0.004517021182140745
VIX.INDX Exposure
-0.003332793433172916
UUP.US Exposure
-0.01706633479883834
TIP.US Exposure
-0.025285489235595465
Idiosyncratic Exposure
0.18711763472885248
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
4.8%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$65
Avg Yield on Cost
0.65%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$65.480.65%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.3%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.6% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.90
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares National Muni Bond ETF a high-risk investment?

iShares National Muni Bond ETF (MUB.US) has an annualized volatility of 4.8% and experienced a maximum drawdown of 11.6% over the last 10 years. Its primary macro risk driver is LQD.US.

What is the 10-year return of MUB.US?

Over the past 10 years, MUB.US has generated a Compound Annual Growth Rate (CAGR) of 1.9%. It has had a positive return in 90% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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