- ISIN
- US8085246499
- Issuer
- Charles Schwab
- Inception Date
- Oct 11, 2022
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $4B
Share Price Chart
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Performance
SCMB Performance Chart
Schwab Municipal Bond ETF (SCMB) is up 1.2% since the beginning of the year. SCMB is currently trading at $26 per share.
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Returns By Period
Schwab Municipal Bond ETF (SCMB) has returned 1.15% so far this year and 6.64% over the past 12 months.
Schwab Municipal Bond ETF
- 1D
- 0.12%
- 1M
- 0.37%
- YTD
- 1.15%
- 6M
- 1.67%
- 1Y
- 6.64%
- 3Y*
- 3.27%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.26%
- 1M
- -0.17%
- YTD
- 7.91%
- 6M
- 7.98%
- 1Y
- 22.99%
- 3Y*
- 19.77%
- 5Y*
- 11.75%
- 10Y*
- 13.42%
SCMB Monthly Returns History
Based on dividend-adjusted daily data since Oct 12, 2022, SCMB's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2023 with a return of +6.0%, while the worst month was Feb 2023 at -2.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SCMB closed higher 53% of trading days. The best single day was Nov 10, 2022 with a return of +1.5%, while the worst single day was Apr 8, 2025 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.58% | 1.36% | -2.42% | 1.17% | 0.21% | 0.29% | 1.15% | ||||||
| 2025 | 0.16% | 1.25% | -1.99% | -0.52% | -0.41% | 0.89% | -0.62% | 1.18% | 2.08% | 1.47% | 0.09% | 0.21% | 3.78% |
| 2024 | -0.25% | -0.06% | -0.20% | -1.14% | -0.08% | 0.83% | 1.20% | 0.68% | 1.15% | -1.59% | 1.56% | -1.12% | 0.91% |
| 2023 | 2.77% | -2.54% | 2.43% | -0.43% | -0.60% | 0.78% | 0.07% | -1.24% | -2.43% | -1.41% | 6.03% | 2.64% | 5.86% |
| 2022 | -2.14% | 5.40% | -0.26% | 2.88% |
Benchmark Metrics
Schwab Municipal Bond ETF has an annualized alpha of 3.16%, beta of 0.04, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since October 12, 2022.
- This ETF participated in 36.15% of S&P 500 Index downside but only 20.40% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.04 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.16%
- Beta
- 0.04
- R²
- 0.03
- Upside Capture
- 20.40%
- Downside Capture
- 36.15%
Expense Ratio
SCMB has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
SCMB ranks 72 for risk / return — better than 72% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Schwab Municipal Bond ETF (SCMB) and compare them to S&P 500 Index.
| SCMB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.35 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.54 | -0.25 |
| Martin ratioReturn relative to average drawdown | 7.59 | 11.58 | -3.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Schwab Municipal Bond ETF provided a 3.53% dividend yield over the last twelve months, with an annual payout of $0.91 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.91 | $0.87 | $0.86 | $0.81 | $0.15 |
Dividend yield | 3.53% | 3.36% | 3.34% | 3.10% | 0.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Schwab Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.07 | $0.08 | $0.08 | $0.07 | $0.07 | $0.37 | ||||||
| 2025 | $0.00 | $0.08 | $0.07 | $0.06 | $0.04 | $0.08 | $0.07 | $0.08 | $0.07 | $0.08 | $0.08 | $0.14 | $0.87 |
| 2024 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 | $0.13 | $0.86 |
| 2023 | $0.00 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.08 | $0.06 | $0.07 | $0.07 | $0.06 | $0.14 | $0.81 |
| 2022 | $0.03 | $0.12 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Schwab Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Schwab Municipal Bond ETF was 6.13%, occurring on Oct 30, 2023. Recovery took 23 trading sessions.
The current Schwab Municipal Bond ETF drawdown is 0.79%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -6.13%Oct 2023 | 6mo 20d | 1mo 2d | 7mo 22dApr 2023 - Dec 2023 |
2025 selloff2025 | -4.75%Apr 2025 | 4mo 2d | 5mo 3d | 9mo 5dDec 2024 - Sep 2025 |
2023 pullback2023 | -3.23%Mar 2023 | 27d | 1mo 5d | 2mo 2dFeb 2023 - Apr 2023 |
2026 pullback2026 | -2.92%Mar 2026 | 22d | — | 3mo 10dMar 2026 - now |
2024 pullback2024 | -2.56%Nov 2024 | 1mo 5d | 27d | 2mo 2dOct 2024 - Dec 2024 |
Drawdown Indicators
| SCMB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.13% | -56.78% | +50.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -9.10% | +6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -5.57% | -18.90% | +13.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.79% | -2.93% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -10.72% | +9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.99% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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