SCMB vs. SCHI
Compare and contrast key facts about Schwab Municipal Bond ETF (SCMB) and Schwab 5-10 Year Corporate Bond ETF (SCHI).
SCMB and SCHI 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. SCHI is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Credit - Corporate (5-10 Y). It was launched on Oct 10, 2019. Both SCMB and SCHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SCMB vs. SCHI - Performance Comparison
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Returns By Period
In the year-to-date period, SCMB achieves a -0.02% return, which is significantly lower than SCHI's -0.01% return.
SCMB
- 1D
- 0.31%
- 1M
- -1.10%
- YTD
- -0.02%
- 6M
- 1.45%
- 1Y
- 3.14%
- 3Y*
- 2.62%
- 5Y*
- —
- 10Y*
- —
SCHI
- 1D
- 0.35%
- 1M
- -0.90%
- YTD
- -0.01%
- 6M
- 0.82%
- 1Y
- 6.16%
- 3Y*
- 5.53%
- 5Y*
- 1.54%
- 10Y*
- —
SCMB vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | -0.02% | 3.78% | 0.91% | 5.86% | 3.05% |
SCHI Schwab 5-10 Year Corporate Bond ETF | -0.01% | 9.47% | 3.32% | 8.97% | 4.29% |
Correlation
The correlation between SCMB and SCHI is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
SCMB vs. SCHI - Expense Ratio Comparison
SCMB has a 0.03% expense ratio, which is lower than SCHI's 0.05% 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%.
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Return for Risk
SCMB vs. SCHI — Risk / Return Rank
SCMB
SCHI
SCMB vs. SCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Municipal Bond ETF (SCMB) and Schwab 5-10 Year Corporate Bond ETF (SCHI). 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 | SCHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.28 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.79 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.09 | -1.02 |
Martin ratioReturn relative to average drawdown | 3.01 | 7.33 | -4.32 |
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 | SCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.28 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.30 | +0.64 |
Drawdowns
SCMB vs. SCHI - Drawdown Comparison
The maximum SCMB drawdown since its inception was -6.13%, smaller than the maximum SCHI drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for SCMB and SCHI.
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Drawdown Indicators
| SCMB | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.13% | -20.67% | +14.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -3.01% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.67% | — |
Current DrawdownCurrent decline from peak | -1.93% | -1.57% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -5.82% | +4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 0.86% | +0.49% |
Volatility
SCMB vs. SCHI - Volatility Comparison
The current volatility for Schwab Municipal Bond ETF (SCMB) is 1.44%, while Schwab 5-10 Year Corporate Bond ETF (SCHI) has a volatility of 2.18%. This indicates that SCMB experiences smaller price fluctuations and is considered to be less risky than SCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCMB | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 2.18% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.91% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.87% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.22% | 6.64% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.22% | 7.46% | -3.24% |
Dividends
SCMB vs. SCHI - Dividend Comparison
SCMB's dividend yield for the trailing twelve months is around 3.44%, less than SCHI's 5.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | 3.44% | 3.36% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.04% | 4.99% | 5.11% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% |