SCMB vs. GTFBX
Compare and contrast key facts about Schwab Municipal Bond ETF (SCMB) and T. Rowe Price Georgia Tax Free Bond Fund (GTFBX).
SCMB is a passively managed fund by Charles Schwab that tracks the performance of the ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. It was launched on Oct 11, 2022. GTFBX is managed by T. Rowe Price. It was launched on Mar 30, 1993.
Performance
SCMB vs. GTFBX - Performance Comparison
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SCMB vs. GTFBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | -0.51% | 3.78% | 0.91% | 5.86% | 3.05% |
GTFBX T. Rowe Price Georgia Tax Free Bond Fund | -0.31% | 6.52% | 2.48% | 8.40% | 2.28% |
Returns By Period
In the year-to-date period, SCMB achieves a -0.51% return, which is significantly lower than GTFBX's -0.31% return.
SCMB
- 1D
- 0.24%
- 1M
- -2.42%
- YTD
- -0.51%
- 6M
- 1.25%
- 1Y
- 3.88%
- 3Y*
- 2.44%
- 5Y*
- —
- 10Y*
- —
GTFBX
- 1D
- 0.19%
- 1M
- -2.89%
- YTD
- -0.31%
- 6M
- 2.48%
- 1Y
- 7.00%
- 3Y*
- 4.45%
- 5Y*
- 1.48%
- 10Y*
- 2.23%
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SCMB vs. GTFBX - Expense Ratio Comparison
SCMB has a 0.03% expense ratio, which is lower than GTFBX's 0.56% expense ratio.
Return for Risk
SCMB vs. GTFBX — Risk / Return Rank
SCMB
GTFBX
SCMB vs. GTFBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Municipal Bond ETF (SCMB) and T. Rowe Price Georgia Tax Free Bond Fund (GTFBX). 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.
| SCMB | GTFBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.46 | -0.52 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.95 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.55 | -0.50 |
Martin ratioReturn relative to average drawdown | 2.98 | 5.80 | -2.82 |
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
| SCMB | GTFBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.46 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.33 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.05 | -0.15 |
Correlation
The correlation between SCMB and GTFBX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SCMB vs. GTFBX - Dividend Comparison
SCMB's dividend yield for the trailing twelve months is around 3.38%, less than GTFBX's 6.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | 3.38% | 3.36% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GTFBX T. Rowe Price Georgia Tax Free Bond Fund | 6.57% | 6.11% | 3.28% | 3.47% | 2.05% | 2.10% | 2.34% | 2.61% | 2.91% | 2.94% | 3.01% | 3.22% |
Drawdowns
SCMB vs. GTFBX - Drawdown Comparison
The maximum SCMB drawdown since its inception was -6.13%, smaller than the maximum GTFBX drawdown of -15.79%. Use the drawdown chart below to compare losses from any high point for SCMB and GTFBX.
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Drawdown Indicators
| SCMB | GTFBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.13% | -15.79% | +9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -5.16% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.79% | — |
Current DrawdownCurrent decline from peak | -2.42% | -2.89% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -2.01% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.38% | -0.04% |
Volatility
SCMB vs. GTFBX - Volatility Comparison
Schwab Municipal Bond ETF (SCMB) has a higher volatility of 1.47% compared to T. Rowe Price Georgia Tax Free Bond Fund (GTFBX) at 1.26%. This indicates that SCMB's price experiences larger fluctuations and is considered to be riskier than GTFBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCMB | GTFBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.26% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 2.06% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 5.29% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.22% | 4.45% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.22% | 4.16% | +0.06% |