SCMB vs. SWNTX
Compare and contrast key facts about Schwab Municipal Bond ETF (SCMB) and Schwab Tax-Free Bond Fund™ (SWNTX).
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. SWNTX is managed by Charles Schwab. It was launched on Sep 10, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCMB or SWNTX.
Key characteristics
| SCMB | SWNTX | |
|---|---|---|
| YTD Return | 2.55% | 1.76% |
| 1Y Return | 8.27% | 6.87% |
| Sharpe Ratio | 1.99 | 2.24 |
| Sortino Ratio | 2.89 | 3.42 |
| Omega Ratio | 1.40 | 1.52 |
| Calmar Ratio | 3.12 | 0.80 |
| Martin Ratio | 10.69 | 9.53 |
| Ulcer Index | 0.77% | 0.71% |
| Daily Std Dev | 4.15% | 3.02% |
| Max Drawdown | -5.62% | -12.93% |
| Current Drawdown | -1.43% | -2.20% |
Correlation
The correlation between SCMB and SWNTX is 0.73, 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.
Performance
SCMB vs. SWNTX - Performance Comparison
In the year-to-date period, SCMB achieves a 2.55% return, which is significantly higher than SWNTX's 1.76% 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. SWNTX - Expense Ratio Comparison
SCMB has a 0.03% expense ratio, which is lower than SWNTX's 0.48% expense ratio.
Risk-Adjusted Performance
SCMB vs. SWNTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Municipal Bond ETF (SCMB) and Schwab Tax-Free Bond Fund™ (SWNTX). 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. SWNTX - Dividend Comparison
SCMB's dividend yield for the trailing twelve months is around 4.44%, more than SWNTX's 3.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | 4.44% | 4.88% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWNTX Schwab Tax-Free Bond Fund™ | 3.41% | 3.06% | 2.33% | 1.67% | 1.97% | 2.31% | 2.42% | 2.34% | 2.24% | 2.22% | 2.30% | 2.38% |
Drawdowns
SCMB vs. SWNTX - Drawdown Comparison
The maximum SCMB drawdown since its inception was -5.62%, smaller than the maximum SWNTX drawdown of -12.93%. Use the drawdown chart below to compare losses from any high point for SCMB and SWNTX. For additional features, visit the drawdowns tool.
Volatility
SCMB vs. SWNTX - Volatility Comparison
Schwab Municipal Bond ETF (SCMB) has a higher volatility of 2.02% compared to Schwab Tax-Free Bond Fund™ (SWNTX) at 1.51%. This indicates that SCMB's price experiences larger fluctuations and is considered to be riskier than SWNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.