Correlation
The correlation between SCMB and VTEB is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SCMB vs. VTEB
Compare and contrast key facts about Schwab Municipal Bond ETF (SCMB) and Vanguard Tax-Exempt Bond ETF (VTEB).
SCMB and VTEB 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. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015. Both SCMB and VTEB 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 VTEB.
Performance
SCMB vs. VTEB - Performance Comparison
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Key characteristics
SCMB:
0.29
VTEB:
0.32
SCMB:
0.33
VTEB:
0.39
SCMB:
1.05
VTEB:
1.06
SCMB:
0.24
VTEB:
0.28
SCMB:
0.71
VTEB:
0.80
SCMB:
1.63%
VTEB:
1.66%
SCMB:
4.87%
VTEB:
4.76%
SCMB:
-6.13%
VTEB:
-17.00%
SCMB:
-3.10%
VTEB:
-3.16%
Returns By Period
The year-to-date returns for both stocks are quite close, with SCMB having a -1.53% return and VTEB slightly lower at -1.59%.
SCMB
-1.53%
-0.41%
-2.63%
1.41%
N/A
N/A
N/A
VTEB
-1.59%
-0.54%
-2.85%
1.53%
1.51%
0.45%
N/A
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SCMB vs. VTEB - Expense Ratio Comparison
SCMB has a 0.03% expense ratio, which is lower than VTEB'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%.
Risk-Adjusted Performance
SCMB vs. VTEB — Risk-Adjusted Performance Rank
SCMB
VTEB
SCMB vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Municipal Bond ETF (SCMB) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.
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Dividends
SCMB vs. VTEB - Dividend Comparison
SCMB's dividend yield for the trailing twelve months is around 3.28%, which matches VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | 3.28% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.27% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Drawdowns
SCMB vs. VTEB - Drawdown Comparison
The maximum SCMB drawdown since its inception was -6.13%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for SCMB and VTEB.
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Volatility
SCMB vs. VTEB - Volatility Comparison
The current volatility for Schwab Municipal Bond ETF (SCMB) is 0.99%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.05%. This indicates that SCMB experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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