MUNI vs. SCHV
Compare and contrast key facts about PIMCO Intermediate Municipal Bond Active ETF (MUNI) and Schwab U.S. Large-Cap Value ETF (SCHV).
MUNI and SCHV 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. SCHV is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Value Total Stock Market Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUNI or SCHV.
Key characteristics
| MUNI | SCHV | |
|---|---|---|
| YTD Return | 1.63% | 22.33% |
| 1Y Return | 7.83% | 36.32% |
| 3Y Return (Ann) | 0.43% | 8.29% |
| 5Y Return (Ann) | 1.55% | 11.50% |
| 10Y Return (Ann) | 2.23% | 12.37% |
| Sharpe Ratio | 2.29 | 3.33 |
| Sortino Ratio | 3.45 | 4.66 |
| Omega Ratio | 1.48 | 1.61 |
| Calmar Ratio | 1.11 | 3.60 |
| Martin Ratio | 11.34 | 20.91 |
| Ulcer Index | 0.67% | 1.68% |
| Daily Std Dev | 3.34% | 10.56% |
| Max Drawdown | -11.15% | -37.08% |
| Current Drawdown | -1.23% | 0.00% |
Correlation
The correlation between MUNI and SCHV is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MUNI vs. SCHV - Performance Comparison
In the year-to-date period, MUNI achieves a 1.63% return, which is significantly lower than SCHV's 22.33% return. Over the past 10 years, MUNI has underperformed SCHV with an annualized return of 2.23%, while SCHV has yielded a comparatively higher 12.37% annualized 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. SCHV - Expense Ratio Comparison
MUNI has a 0.35% expense ratio, which is higher than SCHV's 0.04% expense ratio.
Risk-Adjusted Performance
MUNI vs. SCHV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Intermediate Municipal Bond Active ETF (MUNI) and Schwab U.S. Large-Cap Value ETF (SCHV). 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. SCHV - Dividend Comparison
MUNI's dividend yield for the trailing twelve months is around 4.02%, less than SCHV's 4.35% 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% |
SCHV Schwab U.S. Large-Cap Value ETF | 4.35% | 6.06% | 5.96% | 2.72% | 7.90% | 5.07% | 6.32% | 3.50% | 5.76% | 4.06% | 5.98% | 4.51% |
Drawdowns
MUNI vs. SCHV - Drawdown Comparison
The maximum MUNI drawdown since its inception was -11.15%, smaller than the maximum SCHV drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for MUNI and SCHV. For additional features, visit the drawdowns tool.
Volatility
MUNI vs. SCHV - Volatility Comparison
The current volatility for PIMCO Intermediate Municipal Bond Active ETF (MUNI) is 1.59%, while Schwab U.S. Large-Cap Value ETF (SCHV) has a volatility of 3.58%. This indicates that MUNI experiences smaller price fluctuations and is considered to be less risky than SCHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.