SCHQ vs. MUNI
Compare and contrast key facts about Schwab Long-Term U.S. Treasury ETF (SCHQ) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
SCHQ and MUNI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHQ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg U.S. Long Treasury Index. It was launched on Oct 10, 2019. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Performance
SCHQ vs. MUNI - Performance Comparison
Loading graphics...
SCHQ vs. MUNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | -0.10% | 5.50% | -6.44% | 3.43% | -29.44% | -4.86% | 17.73% | -4.02% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 0.26% | 4.72% | 1.43% | 6.07% | -6.62% | 0.67% | 4.83% | 0.13% |
Returns By Period
In the year-to-date period, SCHQ achieves a -0.10% return, which is significantly lower than MUNI's 0.26% return.
SCHQ
- 1D
- -0.04%
- 1M
- -3.14%
- YTD
- -0.10%
- 6M
- -0.76%
- 1Y
- -0.34%
- 3Y*
- -1.57%
- 5Y*
- -4.82%
- 10Y*
- —
MUNI
- 1D
- 0.15%
- 1M
- -1.53%
- YTD
- 0.26%
- 6M
- 1.49%
- 1Y
- 4.51%
- 3Y*
- 3.39%
- 5Y*
- 1.33%
- 10Y*
- 2.18%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SCHQ vs. MUNI - Expense Ratio Comparison
SCHQ has a 0.03% expense ratio, which is lower than MUNI's 0.35% expense ratio.
Return for Risk
SCHQ vs. MUNI — Risk / Return Rank
SCHQ
MUNI
SCHQ vs. MUNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Long-Term U.S. Treasury ETF (SCHQ) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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.
| SCHQ | MUNI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 1.18 | -1.21 |
Sortino ratioReturn per unit of downside risk | 0.03 | 1.58 | -1.56 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 0.04 | 1.63 | -1.59 |
Martin ratioReturn relative to average drawdown | 0.10 | 5.45 | -5.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SCHQ | MUNI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 1.18 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.40 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.77 | -1.02 |
Correlation
The correlation between SCHQ and MUNI is 0.56, 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.
Dividends
SCHQ vs. MUNI - Dividend Comparison
SCHQ's dividend yield for the trailing twelve months is around 4.73%, more than MUNI's 3.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.73% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.30% | 3.26% | 3.50% | 3.09% | 2.13% | 1.62% | 1.92% | 2.44% | 2.38% | 2.37% | 2.37% | 2.20% |
Drawdowns
SCHQ vs. MUNI - Drawdown Comparison
The maximum SCHQ drawdown since its inception was -46.13%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for SCHQ and MUNI.
Loading graphics...
Drawdown Indicators
| SCHQ | MUNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.13% | -11.15% | -34.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.46% | -2.93% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -40.93% | -11.15% | -29.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.15% | — |
Current DrawdownCurrent decline from peak | -36.61% | -1.75% | -34.86% |
Average DrawdownAverage peak-to-trough decline | -26.08% | -1.74% | -24.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 0.88% | +3.00% |
Volatility
SCHQ vs. MUNI - Volatility Comparison
Schwab Long-Term U.S. Treasury ETF (SCHQ) has a higher volatility of 3.46% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.07%. This indicates that SCHQ's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SCHQ | MUNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 1.07% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 5.99% | 1.52% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 3.86% | +6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 3.30% | +11.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 3.85% | +11.63% |