APMUvsMUBETF Comparison
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ActivePassive Intermediate Municipal Bond ETF (APMU) and iShares National Muni Bond ETF (MUB) belong to the same industry segment: Municipal Bonds. In contrast, MUB's top sector exposures are Municipal and Non-Corporate. APMU is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.05% for MUB. APMU is down -1.36% year-to-date (YTD) with +$55M in YTD flows. MUB performs worse with -2.01% YTD performance, and +$11.18B in YTD flows. Run a side-by-side ETF comparison of APMU and MUB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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APMU vs MUB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | APMU MUB | -0.08%-0.19% | -1.92%-3.50% | -1.36%-2.01% | -0.82%-1.26% | +9.30%+6.26% | n/a-2.00% |
| Flows | APMU MUB | +$6M+$6.43B | +$13M+$7.07B | +$55M+$11.18B | +$66M+$12.92B | +$227M+$16.27B | -+$30.70B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | APMU MUB | +3.84%+5.09% | +2.39%+3.20% | +2.49%+3.67% | n/a+3.58% |
| Max drawdown | APMU MUB | -4.17%-5.95% | -5.19%-6.40% | -5.19%-6.40% | n/a-11.55% |
| Max drawdown duration | APMU MUB | 92d92d | 228d101d | 228d101d | n/a1488d |
Trading data
APMU | MUB | |
Last sale 10/16/2026 at 1:30 PM | $24.29 | $102.35 |
| Previous close 10/15/2026 | $24.29 | $102.48 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 17, 2026
1-year trailing difference
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APMU
is actively managed and doesn’t replicate an indexAPMU | MUB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
APMU | MUB | |
|---|---|---|
| Last price | $24.29 | $102.35 |
| 1D performance | +0.00% | -0.13% |
| AuM | $252.63 M | $50.76 B |
| E/R | 0.35% | 0.05% |
Characteristics
APMU | MUB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Envestnet Asset Management | iShares |
| Benchmark | - | ICE AMT-Free US National Municipal Index |
| N° of holdings | - | 3823 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 3, 2023 | September 7, 2007 |
| ESG | No | No |
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Exposure
Countries
APMU
Data will be available soon
MUB
USA
56.95%
Other
43.05%
Sectors
APMU
Data will be available soon
MUB
Municipal
56.94%
Other
43.06%
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Diversification
APMU
Data will be available soon
MUB
Total weight of top 15 holdings out of 15
1.93%
Top 15 holdings
Data as of January 1, 1970
APMU
Data will be available soon
MUB
University of Texas, 5% 15aug2036, USD (2025B)
0.19%
US79642GTU66
0.15%
US650028ZA41
0.15%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.13%
Houston Higher Education Finance Corp., 5% 15may2034, USD (2024)
0.13%
New Jersey, 5% 1jun2028, USD
0.13%
Northwest Independent School District, 5.25% 15feb2055, USD (2025)
0.13%
Ohio State University, 5% 1jun2035, USD (2026)
0.12%
California, 5% 1sep2031, USD
0.12%
US93974EVY93
0.12%
Illinois, 5% 1nov2027, USD (2017D)
0.11%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.11%
Chicago Transit Authority, 5% 1dec2049, USD (2024A)
0.11%
US812643ZK32
0.11%
US44244CN944
0.11%
Frequently asked questions about APMU and MUB
How have the APMU and MUB ETFs performed in 2026?
As of October 15, 2026, APMU is down -1.36% year-to-date (YTD), while MUB has lost -2.01%. That puts APMU better performer ahead so far this year.
Which ETF is attracting more investor money: APMU or MUB?
Year-to-date, the APMU ETF saw +$55M in flows, compared to +$11.18B for MUB.
Which ETF is more volatile: APMU or MUB?
Over the past year, APMU had a volatility of 2.39%, while MUB experienced 3.2%.
Which ETF is bigger: APMU or MUB?
As of October 15, 2026, APMU holds $252.63 M in assets under management (AUM), while MUB manages $50.76 B.
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Latest news about APMU & MUB
The Weekly ETF Market Monitor (September 28-October 2, 2026)
October 2, 2026
MUB
Which Types of Bond ETFs Are the Most Tax Efficient?
September 2, 2025
MUB
Which ETFs do the Famous Investors Own?
January 22, 2025
MUB
A Look at Vanguard's New Short-Term Tax-Exempt Bond ETF
April 21, 2023
MUB
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Investing in Municipal Bond ETFs
October 24, 2022
MUB
Investing in Municipal Bond ETFs
October 24, 2022
MUB
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