SCHR vs. MUNI
Compare and contrast key facts about Schwab Intermediate-Term U.S. Treasury ETF (SCHR) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
SCHR and MUNI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHR is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (3-10 Y). It was launched on Aug 5, 2010. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Performance
SCHR vs. MUNI - Performance Comparison
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SCHR vs. MUNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.12% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | 6.18% | 1.46% | 1.59% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 0.26% | 4.72% | 1.43% | 6.07% | -6.62% | 0.67% | 4.83% | 7.09% | 0.84% | 4.86% |
Returns By Period
In the year-to-date period, SCHR achieves a -0.12% return, which is significantly lower than MUNI's 0.26% return. Over the past 10 years, SCHR has underperformed MUNI with an annualized return of 1.31%, while MUNI has yielded a comparatively higher 2.18% annualized return.
SCHR
- 1D
- -0.08%
- 1M
- -1.31%
- YTD
- -0.12%
- 6M
- 0.68%
- 1Y
- 3.81%
- 3Y*
- 3.27%
- 5Y*
- 0.30%
- 10Y*
- 1.31%
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%
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SCHR vs. MUNI - Expense Ratio Comparison
SCHR has a 0.05% expense ratio, which is lower than MUNI's 0.35% expense ratio.
Return for Risk
SCHR vs. MUNI — Risk / Return Rank
SCHR
MUNI
SCHR vs. MUNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) 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.
| SCHR | MUNI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.18 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.58 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.63 | +0.06 |
Martin ratioReturn relative to average drawdown | 5.22 | 5.45 | -0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCHR | MUNI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.18 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.40 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.57 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.77 | -0.32 |
Correlation
The correlation between SCHR and MUNI is 0.53, 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
SCHR vs. MUNI - Dividend Comparison
SCHR's dividend yield for the trailing twelve months is around 3.89%, more than MUNI's 3.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.89% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
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
SCHR vs. MUNI - Drawdown Comparison
The maximum SCHR drawdown since its inception was -16.11%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for SCHR and MUNI.
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Drawdown Indicators
| SCHR | MUNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -11.15% | -4.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -2.93% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | -11.15% | -3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -11.15% | -4.96% |
Current DrawdownCurrent decline from peak | -2.06% | -1.75% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -1.74% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.88% | -0.11% |
Volatility
SCHR vs. MUNI - Volatility Comparison
Schwab Intermediate-Term U.S. Treasury ETF (SCHR) has a higher volatility of 1.35% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.07%. This indicates that SCHR'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.
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Volatility by Period
| SCHR | MUNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.07% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 1.52% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 3.86% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 3.30% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 3.85% | +0.62% |