Schwab Municipal Bond ETF (SCMB)
SCMB is a passive ETF by Schwab tracking the investment results of the ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. SCMB launched on Oct 11, 2022 and has a 0.03% expense ratio.
ETF Info
| ISIN | US8085246499 |
|---|---|
| Issuer | Schwab |
| Inception Date | Oct 11, 2022 |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross |
| Asset Class | Bond |
Expense Ratio
SCMB has an expense ratio of 0.03%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SCMB vs. SCYB, SCMB vs. VTEB, SCMB vs. SWNTX, SCMB vs. OPCAX, SCMB vs. MUST, SCMB vs. BND, SCMB vs. MUB, SCMB vs. VWIUX, SCMB vs. TBIL, SCMB vs. SCHD
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Schwab Municipal Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Schwab Municipal Bond ETF had a return of 2.55% year-to-date (YTD) and 8.27% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.55% | 25.45% |
| 1 month | -0.73% | 2.91% |
| 6 months | 2.26% | 14.05% |
| 1 year | 8.27% | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of SCMB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.25% | -0.06% | 0.08% | -0.87% | 0.21% | 0.83% | 1.20% | 0.95% | 1.46% | -1.33% | 2.55% | ||
| 2023 | 2.77% | -2.31% | 2.43% | -0.16% | -0.60% | 0.78% | 0.37% | -1.00% | -2.43% | -1.41% | 6.03% | 2.64% | 6.98% |
| 2022 | -1.98% | 5.54% | -0.01% | 3.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SCMB is 63, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Schwab Municipal Bond ETF (SCMB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Schwab Municipal Bond ETF provided a 4.44% dividend yield over the last twelve months, with an annual payout of $1.15 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $1.15 | $1.28 | $0.21 |
Dividend yield | 4.44% | 4.88% | 0.80% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.15 | $0.15 | $0.07 | $0.07 | $0.08 | $0.13 | $0.07 | $0.08 | $0.14 | $0.08 | $1.01 | |
| 2023 | $0.00 | $0.13 | $0.07 | $0.14 | $0.13 | $0.13 | $0.08 | $0.13 | $0.14 | $0.15 | $0.06 | $0.14 | $1.28 |
| 2022 | $0.03 | $0.17 | $0.21 |
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.
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 5.62%, occurring on Oct 30, 2023. Recovery took 21 trading sessions.
The current Schwab Municipal Bond ETF drawdown is 1.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.62% | Apr 13, 2023 | 139 | Oct 30, 2023 | 21 | Nov 29, 2023 | 160 |
| -3.23% | Feb 3, 2023 | 19 | Mar 2, 2023 | 24 | Apr 5, 2023 | 43 |
| -2.55% | Oct 2, 2024 | 26 | Nov 6, 2024 | — | — | — |
| -2.09% | Oct 13, 2022 | 9 | Oct 25, 2022 | 12 | Nov 10, 2022 | 21 |
| -1.68% | May 16, 2024 | 9 | May 29, 2024 | 11 | Jun 13, 2024 | 20 |
Volatility
Volatility Chart
The current Schwab Municipal Bond ETF volatility is 2.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.