Correlation
The correlation between GTFBX and SCMB is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
GTFBX vs. SCMB
Compare and contrast key facts about T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) and Schwab Municipal Bond ETF (SCMB).
GTFBX is managed by T. Rowe Price. It was launched on Mar 30, 1993. SCMB is a passively managed fund by Schwab that tracks the performance of the ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. It was launched on Oct 11, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GTFBX or SCMB.
Performance
GTFBX vs. SCMB - Performance Comparison
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Key characteristics
GTFBX:
0.23
SCMB:
0.29
GTFBX:
0.32
SCMB:
0.33
GTFBX:
1.05
SCMB:
1.05
GTFBX:
0.20
SCMB:
0.24
GTFBX:
0.62
SCMB:
0.71
GTFBX:
2.01%
SCMB:
1.63%
GTFBX:
5.85%
SCMB:
4.87%
GTFBX:
-15.22%
SCMB:
-6.13%
GTFBX:
-3.89%
SCMB:
-3.10%
Returns By Period
In the year-to-date period, GTFBX achieves a -2.14% return, which is significantly lower than SCMB's -1.53% return.
GTFBX
-2.14%
-0.75%
-3.54%
1.33%
1.68%
0.78%
1.92%
SCMB
-1.53%
-0.41%
-2.63%
1.41%
N/A
N/A
N/A
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GTFBX vs. SCMB - Expense Ratio Comparison
GTFBX has a 0.56% expense ratio, which is higher than SCMB's 0.03% expense ratio.
Risk-Adjusted Performance
GTFBX vs. SCMB — Risk-Adjusted Performance Rank
GTFBX
SCMB
GTFBX vs. SCMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) 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.
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Dividends
GTFBX vs. SCMB - Dividend Comparison
GTFBX's dividend yield for the trailing twelve months is around 3.10%, less than SCMB's 3.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTFBX T. Rowe Price Georgia Tax Free Bond Fund | 3.10% | 3.28% | 3.03% | 2.74% | 2.09% | 2.33% | 2.60% | 2.91% | 2.95% | 3.03% | 3.22% | 3.29% |
SCMB Schwab Municipal Bond ETF | 3.28% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GTFBX vs. SCMB - Drawdown Comparison
The maximum GTFBX drawdown since its inception was -15.22%, which is greater than SCMB's maximum drawdown of -6.13%. Use the drawdown chart below to compare losses from any high point for GTFBX and SCMB.
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Volatility
GTFBX vs. SCMB - Volatility Comparison
The current volatility for T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) is 0.76%, while Schwab Municipal Bond ETF (SCMB) has a volatility of 0.99%. This indicates that GTFBX 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.
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