GENM vs. SCMB

Last updated Aug 2, 2026

GENM (Genter Capital Municipal Quality Intermediate ETF) and SCMB (Schwab Municipal Bond ETF) are both Municipal Bonds funds. GENM is actively managed, while SCMB is passively managed. Over the past year, GENM returned 2.56% vs 4.38% for SCMB. Their 0.52 correlation means they have sometimes moved together and sometimes differently. GENM charges 0.39%/yr vs 0.03%/yr for SCMB.

Performance

GENM vs. SCMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Genter Capital Municipal Quality Intermediate ETF (GENM) and Schwab Municipal Bond ETF (SCMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GENM achieves a 0.31% return, which is significantly higher than SCMB's 0.06% return.

GENM

• 1D: -0.20%
• 1M: -1.11%
• 6M: -0.58%
• YTD: 0.31%
• 1Y: 2.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.46%

SCMB

• 1D: 0.00%
• 1M: -1.78%
• 6M: -0.52%
• YTD: 0.06%
• 1Y: 4.38%
• 3Y*: 2.76%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GENM Genter Capital Municipal Quality Intermediate ETF	$219.26K	$203.97K	$199.94K
SCMB Schwab Municipal Bond ETF	$37.46M	$30.33M	$30.04M

GENM vs. SCMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GENM Genter Capital Municipal Quality Intermediate ETF	0.31%	5.10%	2.19%
SCMB Schwab Municipal Bond ETF	0.06%	3.78%	2.04%

Correlation

The correlation between GENM and SCMB is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (All Time) Calculated using the full available price history since May 22, 2024	0.52

The correlation between GENM and SCMB has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.

Return for Risk

GENM vs. SCMB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GENM

GENM Risk / Return Rank: 40
GENM Sharpe Ratio Rank: 42
GENM Sortino Ratio Rank: 41
GENM Omega Ratio Rank: 43
GENM Calmar Ratio Rank: 39
GENM Martin Ratio Rank: 37

SCMB

SCMB Risk / Return Rank: 67
SCMB Sharpe Ratio Rank: 76
SCMB Sortino Ratio Rank: 77
SCMB Omega Ratio Rank: 83
SCMB Calmar Ratio Rank: 50
SCMB Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GENM vs. SCMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genter Capital Municipal Quality Intermediate ETF (GENM) and Schwab Municipal Bond ETF (SCMB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GENM	SCMB	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.73	-0.68
Sortino ratio: Return per unit of downside risk	1.51	2.46	-0.94
Omega ratio: Gain probability vs. loss probability	1.20	1.35	-0.15
Calmar ratio: Return relative to maximum drawdown	1.38	1.79	-0.40
Martin ratio: Return relative to average drawdown	3.84	5.53	-1.69

GENM vs. SCMB - Sharpe Ratio Comparison

The current GENM Sharpe Ratio is 1.05, which is lower than the SCMB Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of GENM and SCMB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GENM vs. SCMB - Drawdown Comparison

The maximum GENM drawdown since its inception was -2.41%, smaller than the maximum SCMB drawdown of -6.13%. Use the drawdown chart below to compare losses from any high point for GENM and SCMB.

Drawdown Indicators

	GENM	SCMB	Difference
Max Drawdown Largest peak-to-trough decline	-2.41%	-6.13%	+3.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.15%	-2.92%	+0.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.75%	—
Current Drawdown Current decline from peak	-1.72%	-1.86%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.52%	-1.30%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	0.94%	-0.17%

Volatility

GENM vs. SCMB - Volatility Comparison

The current volatility for Genter Capital Municipal Quality Intermediate ETF (GENM) is 0.94%, while Schwab Municipal Bond ETF (SCMB) has a volatility of 1.02%. This indicates that GENM experiences smaller price fluctuations and is considered to be less risky than SCMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GENM	SCMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	1.02%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.07%	2.35%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	2.85%	3.01%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.15%	4.12%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.15%	4.12%	-0.97%

GENM vs. SCMB - Expense Ratio Comparison

GENM has a 0.39% expense ratio, which is higher than SCMB's 0.03% expense ratio.

Dividends

GENM vs. SCMB - Dividend Comparison

GENM's dividend yield for the trailing twelve months is around 2.97%, less than SCMB's 3.59% yield.

Position	TTM	2025	2024	2023	2022
GENM Genter Capital Municipal Quality Intermediate ETF	2.97%	2.88%	2.19%	0.00%	0.00%
SCMB Schwab Municipal Bond ETF	3.26%	3.36%	3.34%	3.10%	0.59%

Frequently Asked Questions

Can I hold both GENM and SCMB in my portfolio?

GENM and SCMB have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GENM or SCMB?

SCMB has higher volatility (1.02%) compared to GENM (0.94%). In terms of maximum drawdown, GENM dropped -2.41% vs SCMB's -6.13%.

Which ETF is better, GENM or SCMB?

On 1-year performance, SCMB leads with 4.38% vs 2.56% for GENM. On fees, SCMB is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GENM or SCMB?

Over the 1-year period, SCMB has performed better with a 4.38% return vs 2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GENM or SCMB?

SCMB is cheaper with a 0.03% expense ratio, compared with 0.39% for GENM.

Which ETF pays a higher dividend yield, GENM or SCMB?

SCMB has the higher dividend yield at 3.26%, compared with 2.97% for GENM.

What is the main difference between GENM and SCMB?

They also come from different issuers: Genter Capital and Charles Schwab. Their fees differ too: 0.39% for GENM and 0.03% for SCMB.

Which has better risk-adjusted returns?

SCMB currently has the higher Sharpe Ratio (1.73 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.