iShares Long-Term National Muni Bd ETF (LMUB) Performance
LMUB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.1% since Dec 31, 2025
- 1 year
- −2.0% total return
- Since first price
- +1.3% since 2025
LMUB trailing returns vs AGG, TLT, SPY
| Period | LMUB total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.9% | +1.4% | +0.9% | +1.5% | −1.0% |
| 3 months | −2.6% | −3.6% | −0.4% | −1.0% | +3.2% |
| 6 months | −3.9% | −5.8% | −1.5% | −3.8% | +7.8% |
| YTD | −2.1% | −4.9% | −1.0% | −3.4% | +12.3% |
| 1 year | −2.0% | −5.7% | −1.1% | −6.9% | +14.4% |
| Since inceptionMar 18, 2025 | +1.3% | −4.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LMUB vs AGG
From Mar 18, 2025: LMUB grew to $10,134, AGG to $10,376.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LMUB returns by calendar year
2026 is year to date.
LMUB annual returns table
| Year | LMUB | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −2.1% | −9.5% | −1.0% | −3.4% | +12.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LMUB largest drawdowns
Now 5.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 2, 2026 | −9.5% | Sep 29, 2026 | not yet | 3 months | 4 months so far |
| Apr 4, 2025 | −5.5% | Apr 11, 2025 | Sep 11, 2025 | 7 days | 5 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
LMUB risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −0.7% |
| Volatility (annualized) | 7.0% |
| Sharpe ratio | -0.61 |
| Sortino ratio | -0.72 |
| Best month | +3.6% |
| Worst month | −5.2% |
| Best 12 months | +9.4% |
| Worst 12 months | −3.3% |
| Positive months | 61% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LMUB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 8 | −3.3% | +6.2% | +9.4% | 75% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
LMUB performance overview
iShares Long-Term National Muni Bd ETF (LMUB) returned −2.0% over the past year, with distributions reinvested. Since its first recorded price on Mar 18, 2025 it has returned +1.3%. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −9.5%, from Jul 2, 2026 to Sep 29, 2026; the fund has not yet regained that high. Volatility has been 7.0% a year.
Related: LMUB chart, LMUB dividends, LMUB bond profile. See the LMUB overview for the latest quote and fund facts.
LMUB performance FAQ
What is the LMUB return over the past year?
LMUB returned −2.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.7%.
How much would $10,000 invested in LMUB be worth?
$10,000 invested in LMUB at its first recorded close on March 18, 2025 would be worth about $10,134 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of LMUB?
The largest peak-to-trough decline was −9.5% between July 2, 2026 and September 29, 2026. It has not yet recovered to that high; it is 5.3% below its peak.
How volatile is LMUB?
Over the past history LMUB had an annualized volatility of 7.0% and a Sharpe ratio of -0.61 (excess return over 1–3 month T-bills per unit of risk).