IGE vs. SCMB
IGE (iShares North American Natural Resources ETF) and SCMB (Schwab Municipal Bond ETF) are both exchange-traded funds - IGE is a Energy Equities fund tracking the S&P North American Natural Resources Sector Index, while SCMB is a Municipal Bonds fund tracking the ICE AMT-Free Core U.S. National Municipal Index. Both are passively managed. Over the past 3 years, IGE returned 15.99%/yr vs 3.11%/yr for SCMB. Their -0.01 correlation means they have often moved in opposite directions in the past. IGE charges 0.39%/yr vs 0.03%/yr for SCMB.
Performance
IGE vs. SCMB - Performance Comparison
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Returns By Period
In the year-to-date period, IGE achieves a 20.16% return, which is significantly higher than SCMB's 0.45% return.
IGE
- 1D
- -0.38%
- 1M
- 5.99%
- 6M
- 3.90%
- YTD
- 20.16%
- 1Y
- 35.25%
- 3Y*
- 15.99%
- 5Y*
- 19.00%
- 10Y*
- 9.18%
- ALL TIME*
- 7.92%
SCMB
- 1D
- 0.06%
- 1M
- -1.48%
- 6M
- -0.34%
- YTD
- 0.45%
- 1Y
- 4.82%
- 3Y*
- 3.11%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.90M | $6.72M | $9.46M | |
| $38.20M | $31.20M | $30.18M |
IGE vs. SCMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 20.16% | 20.41% | 7.55% | 3.12% | 9.77% |
SCMB Schwab Municipal Bond ETF | 0.45% | 3.78% | 0.91% | 5.86% | 2.88% |
Correlation
The correlation between IGE and SCMB is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | -0.01 |
The correlation between IGE and SCMB shifts across timeframes, from -0.12 (1 year) to 0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGE vs. SCMB — Risk / Return Rank
IGE
SCMB
IGE vs. SCMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) 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.
| IGE | SCMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 1.66 | +1.41 |
| Martin ratioReturn relative to average drawdown | 9.39 | 5.05 | +4.34 |
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Drawdowns
IGE vs. SCMB - Drawdown Comparison
The maximum IGE drawdown since its inception was -67.55%, which is greater than SCMB's maximum drawdown of -6.13%. Use the drawdown chart below to compare losses from any high point for IGE and SCMB.
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Drawdown Indicators
| IGE | SCMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -6.13% | -61.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -2.92% | -8.62% |
Max Drawdown (3Y)Largest decline over 3 years | -19.49% | -4.75% | -14.74% |
Max Drawdown (5Y)Largest decline over 5 years | -25.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.57% | — | — |
Current DrawdownCurrent decline from peak | -5.08% | -1.48% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -18.81% | -1.30% | -17.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 0.96% | +2.81% |
Volatility
IGE vs. SCMB - Volatility Comparison
iShares North American Natural Resources ETF (IGE) has a higher volatility of 3.82% compared to Schwab Municipal Bond ETF (SCMB) at 1.06%. This indicates that IGE's price experiences larger fluctuations and is considered to be riskier than SCMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGE | SCMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 1.06% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.17% | 2.36% | +9.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 2.93% | +13.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.19% | 4.12% | +18.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 4.12% | +20.74% |
IGE vs. SCMB - Expense Ratio Comparison
IGE has a 0.39% expense ratio, which is higher than SCMB's 0.03% expense ratio.
Dividends
IGE vs. SCMB - Dividend Comparison
IGE's dividend yield for the trailing twelve months is around 1.99%, less than SCMB's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 1.99% | 2.32% | 2.54% | 2.85% | 2.96% | 2.92% | 3.34% | 5.55% | 2.68% | 2.11% | 1.66% | 3.08% |
SCMB Schwab Municipal Bond ETF | 3.58% | 3.36% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGE and SCMB have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGE has higher volatility (3.82%) compared to SCMB (1.06%). In terms of maximum drawdown, IGE dropped -67.55% vs SCMB's -6.13%.
On 3-year performance, IGE leads with 15.99% vs 3.11% for SCMB. On fees, SCMB is cheaper at 0.03% per year. On volatility, SCMB has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IGE has performed better with a 15.99% return vs 3.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCMB is cheaper with a 0.03% expense ratio, compared with 0.39% for IGE.
SCMB has the higher dividend yield at 3.58%, compared with 1.99% for IGE.
IGE is categorized as Energy Equities, while SCMB is Municipal Bonds. IGE tracks S&P North American Natural Resources Sector Index, while SCMB tracks ICE AMT-Free Core U.S. National Municipal Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.39% for IGE and 0.03% for SCMB.
IGE currently has the higher Sharpe Ratio (2.15 vs 1.65), 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.
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