IBMO vs. SCMB
Compare and contrast key facts about iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) and Schwab Municipal Bond ETF (SCMB).
IBMO and SCMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBMO is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. It was launched on Apr 2, 2019. SCMB is a passively managed fund by Charles 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. Both IBMO and SCMB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IBMO vs. SCMB - Performance Comparison
Loading graphics...
IBMO vs. SCMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 0.49% | 3.11% | 1.97% | 2.90% | 2.16% |
SCMB Schwab Municipal Bond ETF | -0.33% | 3.78% | 0.91% | 5.86% | 3.05% |
Returns By Period
In the year-to-date period, IBMO achieves a 0.49% return, which is significantly higher than SCMB's -0.33% return.
IBMO
- 1D
- 0.12%
- 1M
- 0.05%
- YTD
- 0.49%
- 6M
- 1.32%
- 1Y
- 2.71%
- 3Y*
- 2.30%
- 5Y*
- 0.69%
- 10Y*
- —
SCMB
- 1D
- 0.18%
- 1M
- -2.05%
- YTD
- -0.33%
- 6M
- 1.25%
- 1Y
- 3.75%
- 3Y*
- 2.51%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IBMO vs. SCMB - Expense Ratio Comparison
IBMO has a 0.18% expense ratio, which is higher than SCMB's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IBMO vs. SCMB — Risk / Return Rank
IBMO
SCMB
IBMO vs. SCMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) 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.
| IBMO | SCMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 0.91 | +1.07 |
Sortino ratioReturn per unit of downside risk | 2.80 | 1.18 | +1.62 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.21 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.93 | 1.08 | +1.85 |
Martin ratioReturn relative to average drawdown | 14.86 | 3.02 | +11.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IBMO | SCMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 0.91 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.91 | -0.51 |
Correlation
The correlation between IBMO and SCMB is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IBMO vs. SCMB - Dividend Comparison
IBMO's dividend yield for the trailing twelve months is around 2.38%, less than SCMB's 3.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.38% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% |
SCMB Schwab Municipal Bond ETF | 3.45% | 3.36% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% |
Drawdowns
IBMO vs. SCMB - Drawdown Comparison
The maximum IBMO drawdown since its inception was -14.77%, which is greater than SCMB's maximum drawdown of -6.13%. Use the drawdown chart below to compare losses from any high point for IBMO and SCMB.
Loading graphics...
Drawdown Indicators
| IBMO | SCMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.77% | -6.13% | -8.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.96% | -3.79% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -8.86% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -2.24% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -1.32% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 1.35% | -1.16% |
Volatility
IBMO vs. SCMB - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) is 0.40%, while Schwab Municipal Bond ETF (SCMB) has a volatility of 1.39%. This indicates that IBMO 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.
Loading graphics...
Volatility by Period
| IBMO | SCMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 1.39% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 0.94% | 2.03% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 4.15% | -2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.18% | 4.21% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.57% | 4.21% | +0.36% |