SCMB vs. JMUB
Compare and contrast key facts about Schwab Municipal Bond ETF (SCMB) and JPMorgan Municipal ETF (JMUB).
SCMB and JMUB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. JMUB is an actively managed fund by JPMorgan. It was launched on Oct 29, 2018.
Performance
SCMB vs. JMUB - Performance Comparison
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SCMB vs. JMUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | -0.51% | 3.78% | 0.91% | 5.86% | 3.05% |
JMUB JPMorgan Municipal ETF | -0.44% | 4.34% | 1.88% | 5.96% | 2.82% |
Returns By Period
In the year-to-date period, SCMB achieves a -0.51% return, which is significantly lower than JMUB's -0.44% return.
SCMB
- 1D
- 0.24%
- 1M
- -2.42%
- YTD
- -0.51%
- 6M
- 1.25%
- 1Y
- 3.88%
- 3Y*
- 2.44%
- 5Y*
- —
- 10Y*
- —
JMUB
- 1D
- 0.08%
- 1M
- -2.26%
- YTD
- -0.44%
- 6M
- 0.84%
- 1Y
- 3.63%
- 3Y*
- 3.07%
- 5Y*
- 1.18%
- 10Y*
- —
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SCMB vs. JMUB - Expense Ratio Comparison
SCMB has a 0.03% expense ratio, which is lower than JMUB's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SCMB vs. JMUB — Risk / Return Rank
SCMB
JMUB
SCMB vs. JMUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Municipal Bond ETF (SCMB) and JPMorgan Municipal ETF (JMUB). 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 | JMUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.07 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.37 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.11 | -0.06 |
Martin ratioReturn relative to average drawdown | 2.98 | 4.20 | -1.23 |
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
| SCMB | JMUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.07 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.69 | +0.21 |
Correlation
The correlation between SCMB and JMUB is 0.87, 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. JMUB - Dividend Comparison
SCMB's dividend yield for the trailing twelve months is around 3.38%, less than JMUB's 3.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | 3.38% | 3.36% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% |
JMUB JPMorgan Municipal ETF | 3.60% | 3.52% | 3.50% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% |
Drawdowns
SCMB vs. JMUB - Drawdown Comparison
The maximum SCMB drawdown since its inception was -6.13%, smaller than the maximum JMUB drawdown of -12.50%. Use the drawdown chart below to compare losses from any high point for SCMB and JMUB.
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Drawdown Indicators
| SCMB | JMUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.13% | -12.50% | +6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -3.47% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.06% | — |
Current DrawdownCurrent decline from peak | -2.42% | -2.26% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -2.54% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.92% | +0.42% |
Volatility
SCMB vs. JMUB - Volatility Comparison
Schwab Municipal Bond ETF (SCMB) has a higher volatility of 1.47% compared to JPMorgan Municipal ETF (JMUB) at 1.23%. This indicates that SCMB's price experiences larger fluctuations and is considered to be riskier than JMUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCMB | JMUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.23% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 1.64% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 3.41% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.22% | 3.30% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.22% | 4.17% | +0.05% |