ITM vs. SCMB
Compare and contrast key facts about VanEck Intermediate Muni ETF (ITM) and Schwab Municipal Bond ETF (SCMB).
ITM and SCMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITM is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Intermediate Continuous. It was launched on Dec 4, 2007. 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. Both ITM 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ITM or SCMB.
Correlation
The correlation between ITM and SCMB is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ITM vs. SCMB - Performance Comparison
Key characteristics
ITM:
0.30
SCMB:
0.56
ITM:
0.44
SCMB:
0.79
ITM:
1.06
SCMB:
1.10
ITM:
0.15
SCMB:
0.88
ITM:
1.08
SCMB:
2.23
ITM:
1.10%
SCMB:
1.03%
ITM:
3.98%
SCMB:
4.06%
ITM:
-24.75%
SCMB:
-5.07%
ITM:
-5.04%
SCMB:
-2.09%
Returns By Period
In the year-to-date period, ITM achieves a -0.59% return, which is significantly lower than SCMB's -0.51% return.
ITM
-0.59%
0.29%
0.68%
1.58%
0.14%
1.78%
SCMB
-0.51%
-0.34%
1.07%
2.60%
N/A
N/A
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ITM vs. SCMB - Expense Ratio Comparison
ITM has a 0.24% 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%.
Risk-Adjusted Performance
ITM vs. SCMB — Risk-Adjusted Performance Rank
ITM
SCMB
ITM vs. SCMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) 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.
Dividends
ITM vs. SCMB - Dividend Comparison
ITM's dividend yield for the trailing twelve months is around 2.74%, less than SCMB's 4.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITM VanEck Intermediate Muni ETF | 2.74% | 2.73% | 2.39% | 1.92% | 1.70% | 2.13% | 2.32% | 2.34% | 2.21% | 2.29% | 2.27% | 2.43% |
SCMB Schwab Municipal Bond ETF | 4.77% | 4.74% | 4.16% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ITM vs. SCMB - Drawdown Comparison
The maximum ITM drawdown since its inception was -24.75%, which is greater than SCMB's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for ITM and SCMB. For additional features, visit the drawdowns tool.
Volatility
ITM vs. SCMB - Volatility Comparison
VanEck Intermediate Muni ETF (ITM) has a higher volatility of 1.41% compared to Schwab Municipal Bond ETF (SCMB) at 1.32%. This indicates that ITM'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.