iShares Long-Term National Muni Bond ETF (LMUB)

Market Price (9/3/2026): $48.76

iShares Long-Term National Muni Bond ETF (LMUB)

Market Price (9/3/2026): $48.76

Key Takeaways

LMUB has returned -1.4% YTD vs +12.5% for SPY, -0.8% for AGG; +4.9% over the past 12 months (SPY +20.5%, AGG +1.6%). details →
Over the past month, LMUB has seen net inflows of +$224M (+14.0% of assets). details →
LMUB yields 3.94% based on its trailing 12-month distributions.
Risk-adjusted returns trail AGG: 3-year Sharpe ratio of -0.3 vs 0.0. details →

Last updated: 9/2/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with LMUB

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+11.4%

Volatility

10.3%

Sharpe

0.83

YTD

+8.6%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	SPY	25.0%	0.4%	-0.1%	-0.8%	12.5%
Bond	LMUB	50.0%	-0.1%	-1.6%	-2.2%	-1.4%
Gold	GLD	10.0%	1.5%	-4.4%	7.6%	1.6%
Commodity	DBC	2.5%	0.0%	4.7%	12.8%	42.8%
Real Estate	VNQ	5.0%	-0.5%	-2.9%	-3.2%	10.4%
Bitcoin	BTCUSD	0.0%	-0.3%	-2.3%	20.5%	-11.8%
Cash	GOVT	7.5%	0.1%	-1.0%	-0.7%	-0.9%
Conservative Portfolio		100.0%	0.2%	-1.4%	-0.4%	4.1%

	ETF	%	1D	1W	1M	YTD
Equity	SPY	55.0%	0.4%	-0.1%	-0.8%	12.5%
Bond	LMUB	25.0%	-0.1%	-1.6%	-2.2%	-1.4%
Gold	GLD	7.0%	1.5%	-4.4%	7.6%	1.6%
Commodity	DBC	4.0%	0.0%	4.7%	12.8%	42.8%
Real Estate	VNQ	5.0%	-0.5%	-2.9%	-3.2%	10.4%
Bitcoin	BTCUSD	2.0%	-0.3%	-2.3%	20.5%	-11.8%
Cash	GOVT	2.0%	0.1%	-1.0%	-0.7%	-0.9%
Moderate Portfolio		100.0%	0.3%	-0.8%	0.3%	8.6%

	ETF	%	1D	1W	1M	YTD
Equity	SPY	80.0%	0.4%	-0.1%	-0.8%	12.5%
Bond	LMUB	5.0%	-0.1%	-1.6%	-2.2%	-1.4%
Gold	GLD	3.0%	1.5%	-4.4%	7.6%	1.6%
Commodity	DBC	2.2%	0.0%	4.7%	12.8%	42.8%
Real Estate	VNQ	4.5%	-0.5%	-2.9%	-3.2%	10.4%
Bitcoin	BTCUSD	5.2%	-0.3%	-2.3%	20.5%	-11.8%
Cash	GOVT	0.0%	0.1%	-1.0%	-0.7%	-0.9%
Aggressive Portfolio		100.0%	0.4%	-0.5%	0.7%	10.8%

	ETF	%	Return	Volatility	Sharpe
Equity	SPY	25.0%	15.1%	15.2%	0.80
Bond	LMUB	50.0%	0.0%	2.1%	-1.18
Gold	GLD	10.0%	12.2%	15.3%	0.62
Commodity	DBC	2.5%	7.8%	17.4%	0.33
Real Estate	VNQ	5.0%	4.8%	17.4%	0.19
Bitcoin	BTCUSD	0.0%	63.0%	76.0%	0.95
Cash	GOVT	7.5%	0.3%	4.9%	-0.48
Conservative Portfolio		100.0%	5.7%	5.5%	0.52

	ETF	%	Return	Volatility	Sharpe
Equity	SPY	55.0%	15.1%	15.2%	0.80
Bond	LMUB	25.0%	0.0%	2.1%	-1.18
Gold	GLD	7.0%	12.2%	15.3%	0.62
Commodity	DBC	4.0%	7.8%	17.4%	0.33
Real Estate	VNQ	5.0%	4.8%	17.4%	0.19
Bitcoin	BTCUSD	2.0%	63.0%	76.0%	0.95
Cash	GOVT	2.0%	0.3%	4.9%	-0.48
Moderate Portfolio		100.0%	11.4%	10.3%	0.83

	ETF	%	Return	Volatility	Sharpe
Equity	SPY	80.0%	15.1%	15.2%	0.80
Bond	LMUB	5.0%	0.0%	2.1%	-1.18
Gold	GLD	3.0%	12.2%	15.3%	0.62
Commodity	DBC	2.2%	7.8%	17.4%	0.33
Real Estate	VNQ	4.5%	4.8%	17.4%	0.19
Bitcoin	BTCUSD	5.2%	63.0%	76.0%	0.95
Cash	GOVT	0.0%	0.3%	4.9%	-0.48
Aggressive Portfolio		100.0%	16.9%	14.9%	0.94

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	25.0%	-23.0%	-30.4%	-19.3%
Bond	LMUB	50.0%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-16.9%	-21.2%	-10.4%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	55.0%	-23.0%	-30.4%	-19.3%
Bond	LMUB	25.0%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-20.3%	-27.7%	-16.4%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	80.0%	-23.0%	-30.4%	-19.3%
Bond	LMUB	5.0%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-23.6%	-30.2%	-19.1%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

Learn More →

Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for LMUB

Total Weights
Top 5: 5.6% | Top 10: 8.3% | Top 20: 13.1%

	Holding	ETF Weight
09248U841	BLACKROCK LIQ MUNICASH CL INS MMF	2.85%
57582R4E3	MASSACHUSETTS ST 5.00% 10/01/2052	0.86%
64972JPQ5	NEW YORK N Y CITY TRANSITIONAL 5.00% 11/01/2047	0.63%
678514EM8	OKLAHOMA CAP IMP AUTH ST HWY C 5.25% 07/01/2050	0.63%
646039ZM2	NEW JERSEY ST 5.00% 06/01/2040	0.61%
70914P5R9	PENNSYLVANIA ST 5.00% 04/01/2041	0.60%
882725DA9	TEXAS ST 5.00% 10/01/2039	0.55%
452153HP7	ILLINOIS ST 5.00% 12/01/2043	0.55%
64985TGH8	NEW YORK ST URBAN DEV CORP ST 5.00% 03/15/2054	0.53%
452153PC7	ILLINOIS ST 5.00% 09/01/2042	0.53%
164555ET7	ARAPAHOE CNTY COLO SCH DIST NO 5 C 5.25% 12/15/2046	0.52%
812643C28	SEATTLE WASH MUN LT & PWR REV 5.00% 10/01/2054	0.50%
677523RT1	OHIO (STATE OF) 5.00% 05/01/2039	0.48%
89602HJQ1	TRIBOROUGH BRDG & TUNL AUTH N 5.00% 11/15/2041	0.48%
64966SME3	NEW YORK N Y 5.25% 02/01/2050	0.47%
882270XW6	TEXAS CITY TEX INDPT SCH DIST 4.00% 08/15/2053	0.46%
452153KD0	ILLINOIS ST 4.25% 05/01/2046	0.46%
1810598G4	CLARK CNTY NEV SCH DIST 5.00% 06/15/2040	0.46%
650028B77	NEW YORK ST TWY AUTH ST PERS I 5.00% 03/15/2053	0.45%
64972GB29	NEW YORK N Y CITY MUN WTR FIN 5.00% 06/15/2045	0.45%

Performance for LMUB Top Holdings

null

Guidance Updates for LMUB Top Holdings

null

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
LMUB Return	-	-	-	-	4%	-1%	2%
Peers Return	1%	-9%	6%	1%	4%	-1%	1%
S&P 500 Return	27%	-19%	24%	23%	16%	11%	103%
Monthly Win Rates [3]
LMUB Win Rate	-	-	-	-	60%	56%
Peers Win Rate	65%	27%	50%	50%	62%	56%
S&P 500 Win Rate	75%	42%	67%	75%	67%	44%
Max Drawdowns [4]
LMUB Max Drawdown	-	-	-	-	-	-5%
Peers Max Drawdown	-2%	-13%	-6%	-3%	-5%	-3%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: MUB, VTEB, TFI, ITM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/2/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
LMUB	0.32	-0.33	-0.33
Bond Top Results (3Y)
USHY	0.21	0.84	0.08
SHYG	0.22	0.79	0.22
JNK	0.23	0.75	0.01
HYG	0.09	0.75	0.02
SPSB	-0.81	0.54	-0.46

Results as of 8312026.

LMUB has limited trading history.

Event	LMUB	S&P 500
2025 US Tariff Shock
% Loss		-18.8%
% Gain to Breakeven		23.1%
Time to Breakeven		79 days
2024 Yen Carry Trade Unwind
% Loss		-7.8%
% Gain to Breakeven		8.5%
Time to Breakeven		18 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss		-9.5%
% Gain to Breakeven		10.5%
Time to Breakeven		24 days
2023 SVB Regional Banking Crisis
% Loss		-6.7%
% Gain to Breakeven		7.1%
Time to Breakeven		31 days
2022 Inflation Shock & Fed Tightening
% Loss		-24.5%
% Gain to Breakeven		32.4%
Time to Breakeven		427 days
2020 COVID-19 Crash
% Loss		-33.7%
% Gain to Breakeven		50.9%
Time to Breakeven		140 days

Compare to MUB, VTEB, TFI, ITM

In The Past

null

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

LMUB has limited trading history.

Event	LMUB	S&P 500
2025 US Tariff Shock
% Loss		-18.8%
% Gain to Breakeven		23.1%
Time to Breakeven		79 days
2024 Yen Carry Trade Unwind
% Loss		-7.8%
% Gain to Breakeven		8.5%
Time to Breakeven		18 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss		-9.5%
% Gain to Breakeven		10.5%
Time to Breakeven		24 days
2023 SVB Regional Banking Crisis
% Loss		-6.7%
% Gain to Breakeven		7.1%
Time to Breakeven		31 days
2022 Inflation Shock & Fed Tightening
% Loss		-24.5%
% Gain to Breakeven		32.4%
Time to Breakeven		427 days
2020 COVID-19 Crash
% Loss		-33.7%
% Gain to Breakeven		50.9%
Time to Breakeven		140 days

Compare to MUB, VTEB, TFI, ITM

In The Past

null

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

LMUB Dip Buy History

null

Get Notified
Alerts when dip buy opportunities arise.

Notify Me →

Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
SCHA	Schwab U.S. Small-Cap ETF	-5.8%	34.04	9022026	36.13	6302026	64
IWF	iShares Russell 1000 Growth ETF	-5.4%	121.81	9022026	128.77	6012026	93
VONG	Vanguard Russell 1000 Growth ETF	-5.2%	125.43	9022026	132.35	6012026	93
IWP	iShares Russell Mid-Cap Growth ETF	-6.9%	137.50	9022026	147.70	8172026	16
VOT	Vanguard Mid-Cap Growth ETF	-5.6%	296.33	9022026	314.02	8162026	17
IJK	iShares S&P Mid-Cap 400 Growth ETF	-5.8%	112.17	9022026	119.11	8172026	16
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	-5.8%	107.09	9022026	113.69	8172026	16
IWO	iShares Russell 2000 Growth ETF	-5.2%	375.11	9022026	395.65	8162026	17
VBK	Vanguard Small-Cap Growth ETF	-5.5%	345.93	9022026	366.24	8172026	16
IJT	iShares S&P Small-Cap 600 Growth ETF	-5.5%	169.15	9022026	179.07	8042026	29
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-5.5%	112.87	9022026	119.50	8042026	29
EEM	iShares MSCI Emerging Markets ETF	-5.7%	67.15	9022026	71.21	6222026	72
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-8.9%	33.99	9022026	37.30	6222026	72
EWY	iShares MSCI South Korea ETF	-18.4%	178.86	9022026	219.20	6212026	73
EWZ	iShares MSCI Brazil ETF	-8.7%	38.09	9022026	41.73	4142026	141
FXI	iShares China Large-Cap ETF	-7.1%	35.54	9022026	38.26	5132026	112
KWEB	KraneShares CSI China Internet ETF	-17.1%	25.70	9022026	30.99	3102026	176
MTUM	iShares MSCI USA Momentum Factor ETF	-14.0%	297.04	9022026	345.22	6222026	72
SPHQ	Invesco S&P 500 Quality ETF	-5.9%	84.77	9022026	90.10	6302026	64
SPMO	Invesco S&P 500 Momentum ETF	-9.5%	146.34	9022026	161.66	6222026	72
URA	Global X Uranium ETF	-23.9%	44.32	9022026	58.26	5062026	119
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-15.5%	35.19	9022026	41.63	5132026	112
ROBO	ROBO Global Robotics & Automation Index ETF	-12.7%	78.86	9022026	90.34	6022026	92
LIT	Global X Lithium & Battery Tech ETF	-18.9%	74.26	9022026	91.62	5112026	114
ICLN	iShares Global Clean Energy ETF	-26.9%	17.37	9022026	23.75	6022026	92
ARKQ	ARK Autonomous Technology & Robotics ETF	-16.4%	120.24	9022026	143.82	5282026	97
ARKX	ARK Space & Defense Innovation ETF	-15.6%	31.85	9022026	37.74	5282026	97
NASA	Tema Space Innovators ETF	-45.5%	22.85	9022026	41.89	5272026	98
AGIX	KraneShares Artificial Intelligence ETF	-10.7%	44.10	9022026	49.40	6012026	93
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-5.9%	67.07	9022026	71.30	8252026	8
VGT	Vanguard Information Technology ETF	-5.2%	119.13	9022026	125.62	6022026	92
XLK	State Street Technology Select Sector SPDR ETF	-7.4%	183.60	9022026	198.21	6022026	92
XLI	State Street Industrial Select Sector SPDR ETF	-7.4%	172.78	9022026	186.51	8162026	17
XLC	State Street Communication Services Select Sector SPDR ETF	-5.6%	112.42	9022026	119.10	4192026	136
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-5.9%	114.86	9022026	122.06	5282026	97
XLU	State Street Utilities Select Sector SPDR ETF	-9.5%	42.67	9022026	47.15	4092026	146
IYJ	iShares U.S. Industrials ETF	-6.1%	159.43	9022026	169.86	8042026	29
SMH	VanEck Semiconductor ETF	-17.7%	550.48	9022026	668.91	6222026	72
SOXX	iShares Semiconductor ETF	-23.4%	501.44	9022026	655.01	6222026	72
ITA	iShares U.S. Aerospace & Defense ETF	-11.8%	223.37	9022026	253.22	8162026	17
IGV	iShares Expanded Tech-Software Sector ETF	-6.3%	103.42	9022026	110.32	8272026	6
IYT	iShares U.S. Transportation ETF	-7.4%	83.32	9022026	90.01	7162026	48
MISL	First Trust Indxx Aerospace & Defense ETF	-14.7%	42.97	9022026	50.39	3042026	182
RING	iShares MSCI Global Gold Miners ETF	-8.2%	85.52	9022026	93.17	8252026	8
SOXQ	Invesco PHLX Semiconductor ETF	-22.4%	89.27	9022026	115.11	6222026	72
TLT	iShares 20+ Year Treasury Bond ETF	-6.4%	81.95	9022026	87.52	3092026	177
VGLT	Vanguard Long-Term Treasury ETF	-5.2%	52.62	9022026	55.54	3042026	182
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.6%	25.03	9022026	26.52	3092026	177
EDV	Vanguard World Funds Extended Duration ETF	-9.4%	59.97	9022026	66.20	3092026	177
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-5.1%	21.25	9022026	22.40	6292026	65
GSG	iShares GSCI Commodity	-5.8%	30.01	9022026	31.85	3182026	168
GLD	SPDR Gold Trust	-15.7%	402.78	9022026	477.86	3102026	176
IAU	iShares Gold Trust	-16.9%	81.35	9022026	97.85	3102026	176
GLDM	SPDR Gold MiniShares Trust	-15.6%	86.89	9022026	102.89	3102026	176
SGOL	ETFS Physical Swiss Gold Shares	-9.8%	44.66	9022026	49.53	3102026	176
BAR	Direxion Daily Gold Bull 3X Shares	-13.4%	44.34	9022026	51.20	3102026	176
SLV	iShares Silver Trust	-27.7%	57.92	9022026	80.09	3102026	176
PPLT	ETFS Physical Platinum Shares	-20.1%	15.98	9022026	20.00	3102026	176
CPER	United States Copper Index Fund ETV	-7.7%	33.33	9022026	36.12	3112026	175
PALL	ETFS Physical Palladium Shares	-19.8%	24.58	9022026	30.64	3092026	177
USO	United States Oil Fund LP	-7.7%	141.15	9022026	152.96	5192026	106
UNG	United States Natural Gas Fund LP	-17.6%	10.75	9022026	13.04	3122026	174
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	9022026	60.13	5042026	121
VNQ	Vanguard Real Estate ETF	-5.1%	95.78	9022026	100.95	7282026	36
SCHH	Schwab U.S. REIT ETF	-5.7%	23.45	9022026	24.86	7262026	38
IYR	iShares U.S. Real Estate ETF	-5.1%	101.84	9022026	107.26	7282026	36
REET	iShares Global REIT ETF	-5.4%	27.33	9022026	28.89	7262026	38
USRT	iShares Core U.S. REIT ETF	-6.4%	65.35	9022026	69.82	7262026	38
IBIT	iShares Bitcoin Trust ETF	-5.8%	43.79	9022026	46.47	5112026	114
FBTC	Fidelity Wise Origin Bitcoin Fund	-5.7%	67.29	9022026	71.35	5112026	114

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-09-02

Asset allocation rotation · Past week

Bond ETFs drew the largest net inflows (+$4.4B), followed by Commodity (+$2.1B), while Equity (−$3.6B) and Real Estate (−$56M) saw the largest outflows.
Within the mix, money rotated into Short Treasury (+$5.1B) and out of US Large Cap Core (−$10.0B).
Relative to fund size, CNEQ drew the largest inflow (+15.9% of AUM) and XOVR the largest outflow (−19.1%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$6.14B	+0.6%
2	VGSH	Vanguard Short-Term Treasury ETF	Bond Short Treasury	+$3.22B	+9.3%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$1.83B	+1.7%
4	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$1.76B	+0.3%
5	GLD	SPDR Gold Shares	Commodity Gold	+$1.57B	+1.0%
6	SCHO	Schwab Short-Term U.S. Treasury ETF	Bond Short Treasury	+$1.18B	+7.8%
7	IEFA	iShares Core MSCI EAFE ETF	Equity International Developed Broad	+$798M	+0.4%
8	JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Equity Option Income	+$746M	+1.8%
9	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$744M	+0.7%
10	AGG	iShares Core U.S. Aggregate Bond ETF	Bond US Aggregate Core	+$731M	+0.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$386M	+15.9%
2	ALAI	Alger AI Enablers & Adopters ETF	Other	+$163M	+14.9%
3	LMUB this	iShares Long-Term National Muni Bond ETF	Bond Municipal	+$202M	+12.6%
4	DBA	Invesco DB Agriculture Fund	Other	+$144M	+10.0%
5	VGSH	Vanguard Short-Term Treasury ETF	Bond Short Treasury	+$3.22B	+9.3%
6	KLMN		Other	+$221M	+9.0%
7	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	+$95M	+8.3%
8	SCHO	Schwab Short-Term U.S. Treasury ETF	Bond Short Treasury	+$1.18B	+7.8%
9	OIH	VanEck Oil Services ETF	Other	+$126M	+6.3%
10	SYSB	iShares Systematic Bond ETF	Other	+$78M	+6.3%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$13.61B	-1.5%
2	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$2.26B	-7.0%
3	VGIT	Vanguard Intermediate-Term Treasury ETF	Bond Intermediate Treasury	-$2.11B	-5.3%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	-$2.09B	-1.2%
5	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$860M	-5.4%
6	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$776M	-0.1%
7	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$727M	-0.9%
8	DRAM	Roundhill Memory ETF	Other	-$681M	-2.6%
9	ITOT	iShares Core S&P Total U.S. Stock Market ETF	Equity US Total Market	-$632M	-0.7%
10	GDX	VanEck Gold Miners ETF	Other	-$549M	-1.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$316M	-19.1%
2	USO	United States Oil Fund, LP	Commodity Energy	-$197M	-11.0%
3	TAN	Invesco Solar ETF	Other	-$109M	-10.5%
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$156M	-8.7%
5	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$2.26B	-7.0%
6	ICLN	iShares Global Clean Energy ETF	Equity Thematic	-$144M	-6.7%
7	ETHU	2x Ether ETF	Other	-$72M	-6.5%
8	AIA	iShares Asia 50 ETF	Other	-$326M	-6.4%
9	EWH	iShares MSCI Hong Kong ETF	Other	-$73M	-6.0%
10	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$860M	-5.4%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$43.5B), followed by Bond (+$21.0B), while Real Estate (−$59M) saw the largest outflows.
Within the mix, money rotated into US Nasdaq Growth (+$15.6B) and out of Intermediate Treasury (−$8.5B).
Relative to fund size, CNEQ drew the largest inflow (+96.5% of AUM) and USO the largest outflow (−23.9%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$27.58B	+2.7%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$12.19B	+2.5%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$8.4B	+8.1%
4	GLD	SPDR Gold Shares	Commodity Gold	+$6.96B	+4.8%
5	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$5.79B	+0.8%
6	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$5.58B	+12.1%
7	VGSH	Vanguard Short-Term Treasury ETF	Bond Short Treasury	+$4.64B	+15.2%
8	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$3.85B	+3.5%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.41B	+17.9%
10	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$3.4B	+3.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$1.51B	+96.5%
2	USMC	Principal U.S. Mega-Cap ETF	Other	+$1.41B	+32.0%
3	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$452M	+30.8%
4	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$447M	+27.9%
5	BFLX	iShares Flexible Equity Active ETF	Other	+$461M	+27.2%
6	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$322M	+23.0%
7	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$304M	+22.5%
8	ETHA	iShares Ethereum Trust ETF	Crypto	+$1.26B	+21.6%
9	FLTW	Franklin FTSE Taiwan ETF	Other	+$736M	+20.7%
10	SPTS	State Street SPDR Portfolio Short Term Treasury ETF	Bond Short Treasury	+$1.25B	+20.5%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$23.18B	-2.6%
2	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.73B	-11.0%
3	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$4.39B	-7.7%
4	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$3.04B	-7.2%
5	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$2.69B	-0.3%
6	VGIT	Vanguard Intermediate-Term Treasury ETF	Bond Intermediate Treasury	-$2.33B	-5.5%
7	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$1.82B	-5.5%
8	GOVT	iShares U.S. Treasury Bond ETF	Bond Intermediate Treasury	-$1.78B	-4.1%
9	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$1.58B	-9.0%
10	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$1.47B	-2.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	USO	United States Oil Fund, LP	Commodity Energy	-$451M	-23.9%
2	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$402M	-21.6%
3	TAN	Invesco Solar ETF	Other	-$272M	-20.7%
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$324M	-17.8%
5	XNTK	State Street SPDR NYSE Technology ETF	Other	-$315M	-14.9%
6	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.73B	-11.0%
7	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$873M	-10.7%
8	IBTG	iShares iBonds Dec 2026 Term Treasury ETF	Other	-$208M	-10.0%
9	CLIP	Global X - 1-3 Month T-Bill ETF	Cash	-$232M	-9.7%
10	AIQ	Global X - Artificial Intelligence & Technology ETF	Other	-$942M	-9.3%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$158.9B), followed by Bond (+$63.2B), while Crypto (−$171M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$26.2B) and out of Intermediate Treasury (−$4.2B).
Relative to fund size, BFLX drew the largest inflow (+131.6% of AUM) and VLUE the largest outflow (−49.8%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$17.65B	+11.0%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$17.07B	+2.2%
3	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$15.65B	+2.4%
4	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$15.34B	+3.2%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.94B	+15.1%
6	DRAM	Roundhill Memory ETF	Other	+$14.84B	+61.1%
7	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$10.3B	+10.3%
8	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$9.99B	+9.9%
9	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$9.92B	+22.7%
10	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$8.54B	+5.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	BFLX	iShares Flexible Equity Active ETF	Other	+$2.07B	+131.6%
2	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.2B	+98.1%
3	DRAM	Roundhill Memory ETF	Other	+$14.84B	+61.1%
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.33B	+56.6% ⚠
5	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.13B	+55.4% ⚠
6	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$792M	+54.6% ⚠
7	FLKR	Franklin FTSE South Korea ETF	Other	+$710M	+53.6%
8	CBOX		Other	+$575M	+47.9%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$8.06B	+46.4%
10	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$528M	+44.2%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$10.53B	-1.1%
2	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.86B	-49.8%
3	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.8B	-10.2%
4	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$3.76B	-27.0%
5	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$3.38B	-4.1%
6	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.48B	-12.9%
7	IAU	iShares Gold Trust	Commodity Gold	-$2.3B	-3.7%
8	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$1.92B	-21.3%
9	VO	Vanguard Morningstar Mid-Cap ETF	Equity US Mid Cap Core	-$1.79B	-1.7%
10	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$1.73B	-12.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.86B	-49.8%
2	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$978M	-43.9%
3	NASA	Tema Space Innovators ETF	Equity Thematic	-$461M	-38.2%
4	TAN	Invesco Solar ETF	Other	-$524M	-33.9%
5	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$601M	-31.5%
6	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.26B	-29.1%
7	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$3.76B	-27.0%
8	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$274M	-21.8%
9	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$1.92B	-21.3%
10	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$477M	-20.7%

Largest ETF fund flows across ~2626 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Dip buy opportunities on LMUB

Dip buy opportunities across sector ETFs

Quarterly SPY valuation update

Quarterly asset allocation considerations

Inform Me Once

Trefis High Quality Strategy

Asset Allocation Audit

Asset Rotation Strategies

Tax-Efficient Strategies

About LMUB

Holdings Count: 845
Expense Ratio: 0.09%
Inception Date: 2025-03-16

iShares Long-Term National Muni Bond ETF
The iShares Long-Term National Muni Bond ETF (LMUB) endeavors to match the returns of a particular market index. This benchmark exclusively holds high-quality, U.S.-issued municipal bonds. To be included, these bonds must possess remaining maturities of at least twelve years.
Asset Class: Fixed Income | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
EOSE	Eos Energy Enterprises	1.2	18.8%	-68.5%
DELL	Dell Technologies	319.4	15.8%	294.6%
MLYS	Mineralys Therapeutics	2.5	13.6%	-20.0%
OABI	OmniAb	0.6	13.5%	172.4%
UAMY	United States Antimony	0.8	13.0%	5.4%
FMC	FMC	1.7	12.2%	-2.8%
KARD	Kardigan	0.6	11.8%	-0.4%
ASTS	AST SpaceMobile	18.7	11.8%	-14.1%
TARS	Tarsus Pharmaceuticals	3.6	11.8%	1.1%
WNC	Wabash National	0.6	11.4%	68.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ADBT	Advasa	0.8	-53.3%	-72.5%
CRDO	Credo Technology	30.5	-20.0%	14.8%
FCEL	FuelCell Energy	0.8	-15.7%	97.0%
MDB	MongoDB	30.2	-13.5%	-10.6%
GIII	G-III Apparel	1.2	-11.5%	-1.0%
STDN	Standard Nuclear	2.4	-11.5%	19.2%
PANW	Palo Alto Networks	263.1	-9.3%	78.3%
FRVO	Fervo Energy	2.8	-9.0%	-50.8%
CXM	Sprinklr	1.7	-8.6%	-10.7%
RPD	Rapid7	0.7	-7.8%	-27.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
CRM	Salesforce	223.0	25.0%	-2.5%
MMED	Minimed	6.7	21.9%	28.5%
OKTA	Okta	28.7	21.4%	88.7%
FMC	FMC	1.7	20.3%	-2.8%
GTLB	GitLab	8.4	20.0%	32.1%
SRPT	Sarepta Therapeutics	2.4	19.3%	7.9%
CNH	CNH Industrial	16.9	17.5%	49.5%
TARS	Tarsus Pharmaceuticals	3.6	17.1%	1.1%
FRVO	Fervo Energy	2.8	16.5%	-50.8%
CNXC	Concentrix	2.0	16.2%	-19.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ADBT	Advasa	0.8	-68.2%	-72.5%
ALMS	Alumis	1.3	-56.2%	6.0%
TRON	Tron	0.7	-27.9%	25.0%
LPTH	LightPath Technologies	0.6	-27.6%	-11.7%
CRDO	Credo Technology	30.5	-27.1%	14.8%
PCG	PG&E	29.4	-26.8%	-16.6%
EIX	Edison International	21.2	-25.9%	-4.4%
FCEL	FuelCell Energy	0.8	-24.5%	97.0%
NXTT	Next Technology	0.8	-20.0%	-10.0%
ENOV	Enovis	1.2	-20.0%	-24.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
NXTT	Next Technology	0.8	552.6%	-10.0%
MRNA	Moderna	60.0	164.6%	411.4%
OABI	OmniAb	0.6	152.0%	172.4%
CAPR	Capricor Therapeutics	0.6	137.2%	-65.7%
QMCO	Quantum	0.5	99.0%	253.2%
IOVA	Iovance Biotherapeutics	3.9	97.7%	215.8%
ABCL	AbCellera Biologics	3.5	86.5%	232.2%
SENS	Senseonics	0.6	84.1%	80.1%
HTFL	HeartFlow	4.3	83.3%	71.5%
STDN	Standard Nuclear	2.4	74.3%	19.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
ALMS	Alumis	1.3	-61.8%	6.0%
IESC	IES	12.1	-50.7%	-22.2%
UTI	Universal Technical Institute	1.2	-50.5%	-19.9%
LASR	nLight	2.2	-49.0%	5.0%
PLTK	Playtika	0.9	-44.8%	-43.3%
CDNL	Cardinal Infrastructure	0.6	-44.6%	46.6%
YSS	York Space Systems	1.1	-43.4%	-74.2%
LINC	Lincoln Educational Services	0.8	-42.6%	2.5%
RXT	Rackspace Technology	0.8	-41.6%	210.0%
AADX	Applied Aerospace & Defense	1.8	-40.6%	-35.8%

Peer Comparisons

Peers to compare with:

Profile

	LMUB	MUB	VTEB	TFI	ITM	Median
Name	iShares Lo.	iShares Na.	Vanguard T.	State Stre.	VanEck Int.
Asset Class	Bond	Bond	Bond	Bond	Bond	-
AUM ($ Bil)	1.6	45.4	48.6	3.1	2.1	3.1
Expense Ratio	0.09%	0.05%	0.03%	0.23%	0.18%	0.09%
10-D Avg Volume (Mil)	0.25	3.68	7.17	0.49	0.24	0.49
Latest Day Volume (Mil)	0.01	0.42	0.73	0.04	-	0.23
Holdings Count	845	6,998	2	1,968	1,365	1,365
Inception Date	3/16/2025	9/6/2007	8/21/2015	9/11/2007	12/4/2007	-

Fundamentals

	LMUB	MUB	VTEB	TFI	ITM	Median
Name	iShares Lo.	iShares Na.	Vanguard T.	State Stre.	VanEck Int.
Net Asset Value	49.08	105.08	49.40	44.79	45.87	-
Premium/Discount	-0.9%	-0.8%	-0.9%	-1.1%	-1.1%	-0.9%
Distribution Yield	3.9%	3.3%	3.5%	3.6%	0.0%	3.5%
Sales Yield	-	-	-	-	-	-
Earnings Yield	-	-	-	-	-	-

Valuation

	LMUB	MUB	VTEB	TFI	ITM	Median
Name	iShares Lo.	iShares Na.	Vanguard T.	State Stre.	VanEck Int.
P/S (TTM)	-	-	-	-	-	-
P/E (TTM)	-	-	-	-	-	-
P/FCF (TTM)	-	-	-	-	-	-
Forward P/E	-	-	-	-	-	-
Forward P/S	-	-	-	-	-	-

Risk

	LMUB	MUB	VTEB	TFI	ITM	Median
Name	iShares Lo.	iShares Na.	Vanguard T.	State Stre.	VanEck Int.
Volatility (1Y)	4.4%	3.1%	2.8%	2.9%	3.1%	3.1%
Volatility (3Y)	5.7%	4.0%	4.0%	4.2%	4.1%	4.1%
Volatility (5Y)	5.7%	4.1%	3.9%	4.3%	4.3%	4.3%
Beta (1Y)	0.12	0.09	0.08	0.09	0.09	0.09
Beta (3Y)	0.02	0.06	0.05	0.05	0.04	0.05
Beta (5Y)	0.02	0.05	0.05	0.05	0.05	0.05
Sharpe Ratio (1Y)	1.11	1.03	1.30	0.93	0.81	1.03
Sharpe Ratio (3Y)	0.27	0.70	0.79	0.61	0.71	0.70
Sharpe Ratio (5Y)	0.27	0.10	0.12	-0.12	-0.03	0.10
Max Drawdown (1Y)	-4.6%	-2.9%	-2.7%	-3.0%	-3.9%	-3.0%
Max Drawdown (3Y)	-5.5%	-4.8%	-4.8%	-5.5%	-4.7%	-4.8%
Max Drawdown (5Y)	-5.5%	-11.6%	-12.3%	-14.9%	-14.7%	-12.3%

Returns

	LMUB	MUB	VTEB	TFI	ITM	Median
Name	iShares Lo.	iShares Na.	Vanguard T.	State Stre.	VanEck Int.
1M Return	-2.2%	-1.5%	-1.1%	-1.4%	-1.3%	-1.4%
3M Return	-3.6%	-2.1%	-1.9%	-2.2%	-2.6%	-2.2%
6M Return	-2.6%	-2.0%	-1.5%	-2.3%	-3.1%	-2.3%
YTD Return	-1.4%	-0.9%	-0.4%	-1.1%	-2.0%	-1.1%
1Y Return	4.9%	3.2%	3.8%	2.8%	2.5%	3.2%
2Y Return	-	2.9%	3.5%	2.0%	3.4%	3.2%
3Y Return	-	8.7%	9.8%	7.8%	9.1%	8.9%

Short Interest

Short Interest: As Of Date	8142026
Short Interest: Shares Quantity	0.2 Mil
Short Interest: % Change Since 7312026	354.3%
Average Daily Volume	0.2 Mil
Days-to-Cover Short Interest	1.1 days

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

iShares Long-Term National Muni Bond ETF (LMUB)

Market Price (9/3/2026): $48.76

iShares Long-Term National Muni Bond ETF (LMUB)

Market Price (9/3/2026): $48.76

Key Takeaways

Price Chart

Asset Allocation with LMUB

Valuation & Yield

Top 20 Holdings for LMUB

Performance for LMUB Top Holdings

Guidance Updates for LMUB Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

LMUB Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About LMUB

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Profile

Fundamentals

Valuation

Risk

Returns

Short Interest

Returns Analyses

External Quote Links