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SCMB vs. MUST
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SCMB vs. MUST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Municipal Bond ETF (SCMB) and Columbia Multi-Sector Municipal Income ETF (MUST). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%JuneJulyAugustSeptemberOctoberNovember
3.41%
2.57%
SCMB
MUST

Returns By Period

In the year-to-date period, SCMB achieves a 3.12% return, which is significantly higher than MUST's 1.57% return.


SCMB

YTD

3.12%

1M

-0.13%

6M

3.41%

1Y

7.40%

5Y (annualized)

N/A

10Y (annualized)

N/A

MUST

YTD

1.57%

1M

0.51%

6M

2.58%

1Y

6.16%

5Y (annualized)

1.45%

10Y (annualized)

N/A

Key characteristics


SCMBMUST
Sharpe Ratio1.891.31
Sortino Ratio2.711.92
Omega Ratio1.371.24
Calmar Ratio3.010.84
Martin Ratio9.776.68
Ulcer Index0.79%1.00%
Daily Std Dev4.07%5.12%
Max Drawdown-5.62%-13.83%
Current Drawdown-0.87%-2.26%

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SCMB vs. MUST - Expense Ratio Comparison

SCMB has a 0.03% expense ratio, which is lower than MUST's 0.23% 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%.


MUST
Columbia Multi-Sector Municipal Income ETF
Expense ratio chart for MUST: current value at 0.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.23%
Expense ratio chart for SCMB: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.6

The correlation between SCMB and MUST is 0.63, 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.

Risk-Adjusted Performance

SCMB vs. MUST - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Municipal Bond ETF (SCMB) and Columbia Multi-Sector Municipal Income ETF (MUST). 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.


Sharpe ratio
The chart of Sharpe ratio for SCMB, currently valued at 1.89, compared to the broader market0.002.004.006.001.891.31
The chart of Sortino ratio for SCMB, currently valued at 2.71, compared to the broader market-2.000.002.004.006.008.0010.0012.002.711.92
The chart of Omega ratio for SCMB, currently valued at 1.37, compared to the broader market0.501.001.502.002.503.001.371.24
The chart of Calmar ratio for SCMB, currently valued at 3.01, compared to the broader market0.005.0010.0015.003.012.52
The chart of Martin ratio for SCMB, currently valued at 9.77, compared to the broader market0.0020.0040.0060.0080.00100.00120.009.776.68
SCMB
MUST

The current SCMB Sharpe Ratio is 1.89, which is higher than the MUST Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of SCMB and MUST, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.89
1.31
SCMB
MUST

Dividends

SCMB vs. MUST - Dividend Comparison

SCMB's dividend yield for the trailing twelve months is around 4.48%, more than MUST's 3.02% yield.


TTM202320222021202020192018
SCMB
Schwab Municipal Bond ETF
4.48%4.38%0.92%0.00%0.00%0.00%0.00%
MUST
Columbia Multi-Sector Municipal Income ETF
3.02%2.51%1.76%1.61%2.34%2.69%0.55%

Drawdowns

SCMB vs. MUST - Drawdown Comparison

The maximum SCMB drawdown since its inception was -5.62%, smaller than the maximum MUST drawdown of -13.83%. Use the drawdown chart below to compare losses from any high point for SCMB and MUST. For additional features, visit the drawdowns tool.


-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.87%
-0.70%
SCMB
MUST

Volatility

SCMB vs. MUST - Volatility Comparison

The current volatility for Schwab Municipal Bond ETF (SCMB) is 1.98%, while Columbia Multi-Sector Municipal Income ETF (MUST) has a volatility of 2.26%. This indicates that SCMB experiences smaller price fluctuations and is considered to be less risky than MUST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.98%
2.26%
SCMB
MUST