MUNI vs. SCHQ
Compare and contrast key facts about PIMCO Intermediate Municipal Bond Active ETF (MUNI) and Schwab Long-Term U.S. Treasury ETF (SCHQ).
MUNI and SCHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009. SCHQ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Government - Treasury - Long. It was launched on Oct 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUNI or SCHQ.
Key characteristics
| MUNI | SCHQ | |
|---|---|---|
| YTD Return | 1.63% | -2.28% |
| 1Y Return | 7.83% | 10.32% |
| 3Y Return (Ann) | 0.43% | -11.09% |
| 5Y Return (Ann) | 1.55% | -4.24% |
| Sharpe Ratio | 2.29 | 0.58 |
| Sortino Ratio | 3.45 | 0.91 |
| Omega Ratio | 1.48 | 1.11 |
| Calmar Ratio | 1.11 | 0.19 |
| Martin Ratio | 11.34 | 1.52 |
| Ulcer Index | 0.67% | 5.26% |
| Daily Std Dev | 3.34% | 13.73% |
| Max Drawdown | -11.15% | -46.13% |
| Current Drawdown | -1.23% | -37.17% |
Correlation
The correlation between MUNI and SCHQ 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.
Performance
MUNI vs. SCHQ - Performance Comparison
In the year-to-date period, MUNI achieves a 1.63% return, which is significantly higher than SCHQ's -2.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MUNI vs. SCHQ - Expense Ratio Comparison
MUNI has a 0.35% expense ratio, which is higher than SCHQ's 0.05% expense ratio.
Risk-Adjusted Performance
MUNI vs. SCHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Intermediate Municipal Bond Active ETF (MUNI) and Schwab Long-Term U.S. Treasury ETF (SCHQ). 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
MUNI vs. SCHQ - Dividend Comparison
MUNI's dividend yield for the trailing twelve months is around 4.02%, less than SCHQ's 4.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUNI PIMCO Intermediate Municipal Bond Active ETF | 4.02% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% | 2.30% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.37% | 3.79% | 2.88% | 1.69% | 1.52% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MUNI vs. SCHQ - Drawdown Comparison
The maximum MUNI drawdown since its inception was -11.15%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for MUNI and SCHQ. For additional features, visit the drawdowns tool.
Volatility
MUNI vs. SCHQ - Volatility Comparison
The current volatility for PIMCO Intermediate Municipal Bond Active ETF (MUNI) is 1.59%, while Schwab Long-Term U.S. Treasury ETF (SCHQ) has a volatility of 4.48%. This indicates that MUNI experiences smaller price fluctuations and is considered to be less risky than SCHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.