Correlation
The correlation between MUNI and SCMBX is -0.06. 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.
MUNI vs. SCMBX
Compare and contrast key facts about PIMCO Intermediate Municipal Bond Active ETF (MUNI) and DWS Managed Municipal Bond Fund (SCMBX).
MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009. SCMBX is managed by Blackrock. It was launched on Oct 13, 1976.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUNI or SCMBX.
Performance
MUNI vs. SCMBX - Performance Comparison
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Key characteristics
MUNI:
0.50
SCMBX:
0.60
MUNI:
0.64
SCMBX:
0.71
MUNI:
1.10
SCMBX:
1.12
MUNI:
0.56
SCMBX:
0.56
MUNI:
1.59
SCMBX:
1.78
MUNI:
1.28%
SCMBX:
1.69%
MUNI:
4.42%
SCMBX:
5.87%
MUNI:
-11.15%
SCMBX:
-16.84%
MUNI:
-2.18%
SCMBX:
-3.31%
Returns By Period
In the year-to-date period, MUNI achieves a -0.40% return, which is significantly higher than SCMBX's -1.68% return. Over the past 10 years, MUNI has underperformed SCMBX with an annualized return of 2.16%, while SCMBX has yielded a comparatively higher 2.45% annualized return.
MUNI
-0.40%
-0.35%
-1.52%
2.22%
2.52%
0.99%
2.16%
SCMBX
-1.68%
-0.76%
-2.96%
3.52%
2.97%
1.70%
2.45%
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MUNI vs. SCMBX - Expense Ratio Comparison
MUNI has a 0.35% expense ratio, which is lower than SCMBX's 0.54% expense ratio.
Risk-Adjusted Performance
MUNI vs. SCMBX — Risk-Adjusted Performance Rank
MUNI
SCMBX
MUNI vs. SCMBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Intermediate Municipal Bond Active ETF (MUNI) and DWS Managed Municipal Bond Fund (SCMBX). 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.
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Dividends
MUNI vs. SCMBX - Dividend Comparison
MUNI's dividend yield for the trailing twelve months is around 3.45%, less than SCMBX's 6.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.45% | 3.50% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% |
SCMBX DWS Managed Municipal Bond Fund | 6.08% | 5.98% | 4.10% | 4.38% | 3.76% | 4.04% | 3.66% | 3.38% | 3.45% | 3.82% | 3.93% | 4.11% |
Drawdowns
MUNI vs. SCMBX - Drawdown Comparison
The maximum MUNI drawdown since its inception was -11.15%, smaller than the maximum SCMBX drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for MUNI and SCMBX.
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Volatility
MUNI vs. SCMBX - Volatility Comparison
PIMCO Intermediate Municipal Bond Active ETF (MUNI) has a higher volatility of 0.82% compared to DWS Managed Municipal Bond Fund (SCMBX) at 0.77%. This indicates that MUNI's price experiences larger fluctuations and is considered to be riskier than SCMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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