SCHV vs. MUNI
Compare and contrast key facts about Schwab U.S. Large-Cap Value ETF (SCHV) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
SCHV and MUNI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Performance
SCHV vs. MUNI - Performance Comparison
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SCHV vs. MUNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHV Schwab U.S. Large-Cap Value ETF | 3.89% | 16.02% | 14.13% | 8.93% | -7.65% | 25.58% | 2.64% | 25.92% | -7.30% | 16.56% |
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, SCHV achieves a 3.89% return, which is significantly higher than MUNI's 0.26% return. Over the past 10 years, SCHV has outperformed MUNI with an annualized return of 10.62%, while MUNI has yielded a comparatively lower 2.18% annualized return.
SCHV
- 1D
- 0.39%
- 1M
- -4.32%
- YTD
- 3.89%
- 6M
- 6.05%
- 1Y
- 17.64%
- 3Y*
- 14.46%
- 5Y*
- 9.37%
- 10Y*
- 10.62%
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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SCHV vs. MUNI - Expense Ratio Comparison
SCHV has a 0.04% expense ratio, which is lower than MUNI's 0.35% expense ratio.
Return for Risk
SCHV vs. MUNI — Risk / Return Rank
SCHV
MUNI
SCHV vs. MUNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Value ETF (SCHV) 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.
| SCHV | MUNI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.18 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.58 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.63 | -0.16 |
Martin ratioReturn relative to average drawdown | 6.91 | 5.45 | +1.46 |
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
| SCHV | MUNI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.18 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.40 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.57 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.77 | -0.09 |
Correlation
The correlation between SCHV and MUNI is -0.08. 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.
Dividends
SCHV vs. MUNI - Dividend Comparison
SCHV's dividend yield for the trailing twelve months is around 1.96%, less than MUNI's 3.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHV Schwab U.S. Large-Cap Value ETF | 1.96% | 2.02% | 2.25% | 2.42% | 2.37% | 1.93% | 3.03% | 3.02% | 3.05% | 2.37% | 2.65% | 2.69% |
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
SCHV vs. MUNI - Drawdown Comparison
The maximum SCHV drawdown since its inception was -37.08%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for SCHV and MUNI.
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Drawdown Indicators
| SCHV | MUNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.08% | -11.15% | -25.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.93% | -2.93% | -9.00% |
Max Drawdown (5Y)Largest decline over 5 years | -19.78% | -11.15% | -8.63% |
Max Drawdown (10Y)Largest decline over 10 years | -37.08% | -11.15% | -25.93% |
Current DrawdownCurrent decline from peak | -4.58% | -1.75% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -1.74% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 0.88% | +1.67% |
Volatility
SCHV vs. MUNI - Volatility Comparison
Schwab U.S. Large-Cap Value ETF (SCHV) has a higher volatility of 4.13% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.07%. This indicates that SCHV'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
| SCHV | MUNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 1.07% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 1.52% | +6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 3.86% | +11.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 3.30% | +11.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 3.85% | +13.06% |