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 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. SWNTX is managed by Charles Schwab. It was launched on Sep 10, 1992.
Performance
SCMB vs. SWNTX - Performance Comparison
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SCMB vs. SWNTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | -0.33% | 3.78% | 0.91% | 5.86% | 3.05% |
SWNTX Schwab Tax-Free Bond Fund™ | -0.44% | 4.20% | 1.57% | 5.09% | 2.62% |
Returns By Period
In the year-to-date period, SCMB achieves a -0.33% return, which is significantly higher than SWNTX's -0.44% return.
SCMB
- 1D
- 0.18%
- 1M
- -2.05%
- YTD
- -0.33%
- 6M
- 1.25%
- 1Y
- 3.75%
- 3Y*
- 2.51%
- 5Y*
- —
- 10Y*
- —
SWNTX
- 1D
- 0.18%
- 1M
- -2.25%
- YTD
- -0.44%
- 6M
- 1.09%
- 1Y
- 3.51%
- 3Y*
- 2.64%
- 5Y*
- 0.48%
- 10Y*
- 1.57%
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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.
Return for Risk
SCMB vs. SWNTX — Risk / Return Rank
SCMB
SWNTX
SCMB vs. SWNTX - Risk-Adjusted Trends 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.
| SCMB | SWNTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.88 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.18 | 1.18 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.06 | +0.02 |
Martin ratioReturn relative to average drawdown | 3.02 | 3.48 | -0.45 |
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 | SWNTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.88 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.16 | -0.24 |
Correlation
The correlation between SCMB and SWNTX is 0.71, 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. SWNTX - Dividend Comparison
SCMB's dividend yield for the trailing twelve months is around 3.45%, more than SWNTX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | 3.45% | 3.36% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWNTX Schwab Tax-Free Bond Fund™ | 3.25% | 3.78% | 3.20% | 2.54% | 1.73% | 1.62% | 2.34% | 2.58% | 2.41% | 2.21% | 3.14% | 2.71% |
Drawdowns
SCMB vs. SWNTX - Drawdown Comparison
The maximum SCMB drawdown since its inception was -6.13%, smaller than the maximum SWNTX drawdown of -13.26%. Use the drawdown chart below to compare losses from any high point for SCMB and SWNTX.
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Drawdown Indicators
| SCMB | SWNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.13% | -13.26% | +7.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -4.40% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.26% | — |
Current DrawdownCurrent decline from peak | -2.24% | -2.52% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -1.89% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.34% | +0.01% |
Volatility
SCMB vs. SWNTX - Volatility Comparison
Schwab Municipal Bond ETF (SCMB) has a higher volatility of 1.39% compared to Schwab Tax-Free Bond Fund™ (SWNTX) at 0.98%. 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.
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Volatility by Period
| SCMB | SWNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 0.98% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 1.57% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.43% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.21% | 3.45% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 3.56% | +0.65% |