SCMB vs. MUST
Compare and contrast key facts about Schwab Municipal Bond ETF (SCMB) and Columbia Multi-Sector Municipal Income ETF (MUST).
SCMB and MUST 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 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. MUST is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index. It was launched on Oct 10, 2018. Both SCMB and MUST are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCMB or MUST.
Key characteristics
| SCMB | MUST | |
|---|---|---|
| YTD Return | 2.55% | 0.64% |
| 1Y Return | 8.27% | 6.63% |
| Sharpe Ratio | 1.99 | 1.38 |
| Sortino Ratio | 2.89 | 2.03 |
| Omega Ratio | 1.40 | 1.25 |
| Calmar Ratio | 3.12 | 0.77 |
| Martin Ratio | 10.69 | 7.12 |
| Ulcer Index | 0.77% | 0.99% |
| Daily Std Dev | 4.15% | 5.10% |
| Max Drawdown | -5.62% | -13.83% |
| Current Drawdown | -1.43% | -3.15% |
Correlation
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.
Performance
SCMB vs. MUST - Performance Comparison
In the year-to-date period, SCMB achieves a 2.55% return, which is significantly higher than MUST's 0.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
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.
Dividends
SCMB vs. MUST - Dividend Comparison
SCMB's dividend yield for the trailing twelve months is around 4.44%, more than MUST's 3.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | 4.44% | 4.88% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% |
MUST Columbia Multi-Sector Municipal Income ETF | 3.04% | 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.
Volatility
SCMB vs. MUST - Volatility Comparison
The current volatility for Schwab Municipal Bond ETF (SCMB) is 1.99%, while Columbia Multi-Sector Municipal Income ETF (MUST) has a volatility of 2.17%. 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.