diff --git a/packages/runtime-core/src/renderer.ts b/packages/runtime-core/src/renderer.ts
index c7549ae15..66319fce3 100644
--- a/packages/runtime-core/src/renderer.ts
+++ b/packages/runtime-core/src/renderer.ts
@@ -141,7 +141,8 @@ export interface RendererOptions<
     content: string,
     parent: HostElement,
     anchor: HostNode | null,
-    isSVG: boolean
+    isSVG: boolean,
+    cached?: [HostNode, HostNode | null] | null
   ): HostElement[]
 }
 
@@ -635,7 +636,11 @@ function baseCreateRenderer(
       n2.children as string,
       container,
       anchor,
-      isSVG
+      isSVG,
+      // pass cached nodes if the static node is being mounted multiple times
+      // so that runtime-dom can simply cloneNode() instead of inserting new
+      // HTML
+      n2.el && [n2.el, n2.anchor]
     )
   }
 
diff --git a/packages/runtime-dom/__tests__/nodeOps.spec.ts b/packages/runtime-dom/__tests__/nodeOps.spec.ts
index ce9764471..5e625ff53 100644
--- a/packages/runtime-dom/__tests__/nodeOps.spec.ts
+++ b/packages/runtime-dom/__tests__/nodeOps.spec.ts
@@ -1,4 +1,4 @@
-import { nodeOps } from '../src/nodeOps'
+import { nodeOps, svgNS } from '../src/nodeOps'
 
 describe('runtime-dom: node-ops', () => {
   test('the _value property should be cloned', () => {
@@ -25,4 +25,101 @@ describe('runtime-dom: node-ops', () => {
     expect(option1.selected).toBe(true)
     expect(option2.selected).toBe(true)
   })
+
+  describe('insertStaticContent', () => {
+    test('fresh insertion', () => {
+      const content = `<div>one</div><div>two</div>three`
+      const parent = document.createElement('div')
+      const [first, last] = nodeOps.insertStaticContent!(
+        content,
+        parent,
+        null,
+        false
+      )
+      expect(parent.innerHTML).toBe(content)
+      expect(first).toBe(parent.firstChild)
+      expect(last).toBe(parent.lastChild)
+    })
+
+    test('fresh insertion with anchor', () => {
+      const content = `<div>one</div><div>two</div>three`
+      const existing = `<div>existing</div>`
+      const parent = document.createElement('div')
+      parent.innerHTML = existing
+      const anchor = parent.firstChild
+      const [first, last] = nodeOps.insertStaticContent!(
+        content,
+        parent,
+        anchor,
+        false
+      )
+      expect(parent.innerHTML).toBe(content + existing)
+      expect(first).toBe(parent.firstChild)
+      expect(last).toBe(parent.childNodes[parent.childNodes.length - 2])
+    })
+
+    test('fresh insertion as svg', () => {
+      const content = `<text>hello</text><circle cx="100" cy="100" r="80"></circle>`
+      const parent = document.createElementNS(svgNS, 'svg')
+      const [first, last] = nodeOps.insertStaticContent!(
+        content,
+        parent,
+        null,
+        true
+      )
+      expect(parent.innerHTML).toBe(content)
+      expect(first).toBe(parent.firstChild)
+      expect(last).toBe(parent.lastChild)
+      expect(first.namespaceURI).toMatch('svg')
+      expect(last.namespaceURI).toMatch('svg')
+    })
+
+    test('fresh insertion as svg, with anchor', () => {
+      const content = `<text>hello</text><circle cx="100" cy="100" r="80"></circle>`
+      const existing = `<path></path>`
+      const parent = document.createElementNS(svgNS, 'svg')
+      parent.innerHTML = existing
+      const anchor = parent.firstChild
+      const [first, last] = nodeOps.insertStaticContent!(
+        content,
+        parent,
+        anchor,
+        true
+      )
+      expect(parent.innerHTML).toBe(content + existing)
+      expect(first).toBe(parent.firstChild)
+      expect(last).toBe(parent.childNodes[parent.childNodes.length - 2])
+      expect(first.namespaceURI).toMatch('svg')
+      expect(last.namespaceURI).toMatch('svg')
+    })
+
+    test('cached', () => {
+      const content = `<div>one</div><div>two</div>three`
+
+      const cacheParent = document.createElement('div')
+      const [cachedFirst, cachedLast] = nodeOps.insertStaticContent!(
+        content,
+        cacheParent,
+        null,
+        false
+      )
+
+      const parent = document.createElement('div')
+
+      const [first, last] = nodeOps.insertStaticContent!(
+        ``,
+        parent,
+        null,
+        false,
+        [cachedFirst, cachedLast]
+      )
+
+      expect(parent.innerHTML).toBe(content)
+      expect(first).toBe(parent.firstChild)
+      expect(last).toBe(parent.lastChild)
+
+      expect(first).not.toBe(cachedFirst)
+      expect(last).not.toBe(cachedLast)
+    })
+  })
 })
diff --git a/packages/runtime-dom/src/nodeOps.ts b/packages/runtime-dom/src/nodeOps.ts
index 95d9940a5..087725aae 100644
--- a/packages/runtime-dom/src/nodeOps.ts
+++ b/packages/runtime-dom/src/nodeOps.ts
@@ -4,9 +4,6 @@ export const svgNS = 'http://www.w3.org/2000/svg'
 
 const doc = (typeof document !== 'undefined' ? document : null) as Document
 
-let tempContainer: HTMLElement
-let tempSVGContainer: SVGElement
-
 export const nodeOps: Omit<RendererOptions<Node, Element>, 'patchProp'> = {
   insert: (child, parent, anchor) => {
     parent.insertBefore(child, anchor || null)
@@ -71,23 +68,54 @@ export const nodeOps: Omit<RendererOptions<Node, Element>, 'patchProp'> = {
   },
 
   // __UNSAFE__
-  // Reason: innerHTML.
+  // Reason: insertAdjacentHTML.
   // Static content here can only come from compiled templates.
   // As long as the user only uses trusted templates, this is safe.
-  insertStaticContent(content, parent, anchor, isSVG) {
-    const temp = isSVG
-      ? tempSVGContainer ||
-        (tempSVGContainer = doc.createElementNS(svgNS, 'svg'))
-      : tempContainer || (tempContainer = doc.createElement('div'))
-    temp.innerHTML = content
-    const first = temp.firstChild as Element
-    let node: Element | null = first
-    let last: Element = node
-    while (node) {
-      last = node
-      nodeOps.insert(node, parent, anchor)
-      node = temp.firstChild as Element
+  insertStaticContent(content, parent, anchor, isSVG, cached) {
+    if (cached) {
+      let [cachedFirst, cachedLast] = cached
+      let first, last
+      while (true) {
+        let node = cachedFirst.cloneNode(true)
+        if (!first) first = node
+        parent.insertBefore(node, anchor)
+        if (cachedFirst === cachedLast) {
+          last = node
+          break
+        }
+        cachedFirst = cachedFirst.nextSibling!
+      }
+      return [first, last] as any
     }
-    return [first, last]
+
+    // <parent> before | first ... last | anchor </parent>
+    const before = anchor ? anchor.previousSibling : parent.lastChild
+    if (anchor) {
+      let insertionPoint
+      let usingTempInsertionPoint = false
+      if (anchor instanceof Element) {
+        insertionPoint = anchor
+      } else {
+        // insertAdjacentHTML only works for elements but the anchor is not an
+        // element...
+        usingTempInsertionPoint = true
+        insertionPoint = isSVG
+          ? doc.createElementNS(svgNS, 'g')
+          : doc.createElement('div')
+        parent.insertBefore(insertionPoint, anchor)
+      }
+      insertionPoint.insertAdjacentHTML('beforebegin', content)
+      if (usingTempInsertionPoint) {
+        parent.removeChild(insertionPoint)
+      }
+    } else {
+      parent.insertAdjacentHTML('beforeend', content)
+    }
+    return [
+      // first
+      before ? before.nextSibling : parent.firstChild,
+      // last
+      anchor ? anchor.previousSibling : parent.lastChild
+    ]
   }
 }