SCMB vs. VWIUX
Compare and contrast key facts about Schwab Municipal Bond ETF (SCMB) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX).
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. VWIUX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
SCMB vs. VWIUX - Performance Comparison
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SCMB vs. VWIUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | -0.51% | 3.78% | 0.91% | 5.86% | 3.05% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | -0.69% | 5.99% | 2.34% | 5.90% | 2.84% |
Returns By Period
In the year-to-date period, SCMB achieves a -0.51% return, which is significantly higher than VWIUX's -0.69% return.
SCMB
- 1D
- 0.24%
- 1M
- -2.42%
- YTD
- -0.51%
- 6M
- 1.25%
- 1Y
- 3.88%
- 3Y*
- 2.44%
- 5Y*
- —
- 10Y*
- —
VWIUX
- 1D
- 0.15%
- 1M
- -2.85%
- YTD
- -0.69%
- 6M
- 0.95%
- 1Y
- 4.63%
- 3Y*
- 3.66%
- 5Y*
- 1.53%
- 10Y*
- 2.36%
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SCMB vs. VWIUX - Expense Ratio Comparison
SCMB has a 0.03% expense ratio, which is lower than VWIUX's 0.09% 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%.
Return for Risk
SCMB vs. VWIUX — Risk / Return Rank
SCMB
VWIUX
SCMB vs. VWIUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Municipal Bond ETF (SCMB) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX). 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 | VWIUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.39 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.88 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.48 | -0.42 |
Martin ratioReturn relative to average drawdown | 2.98 | 5.75 | -2.78 |
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 | VWIUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.39 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.11 | -0.21 |
Correlation
The correlation between SCMB and VWIUX is 0.72, 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. VWIUX - Dividend Comparison
SCMB's dividend yield for the trailing twelve months is around 3.38%, more than VWIUX's 3.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMB Schwab Municipal Bond ETF | 3.38% | 3.36% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.33% | 4.06% | 3.63% | 2.78% | 2.51% | 1.89% | 2.40% | 2.88% | 2.89% | 2.82% | 2.91% | 2.96% |
Drawdowns
SCMB vs. VWIUX - Drawdown Comparison
The maximum SCMB drawdown since its inception was -6.13%, smaller than the maximum VWIUX drawdown of -11.38%. Use the drawdown chart below to compare losses from any high point for SCMB and VWIUX.
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Drawdown Indicators
| SCMB | VWIUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.13% | -11.38% | +5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -3.89% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.38% | — |
Current DrawdownCurrent decline from peak | -2.42% | -2.85% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -1.44% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.00% | +0.34% |
Volatility
SCMB vs. VWIUX - Volatility Comparison
Schwab Municipal Bond ETF (SCMB) has a higher volatility of 1.47% compared to Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) at 0.96%. This indicates that SCMB's price experiences larger fluctuations and is considered to be riskier than VWIUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCMB | VWIUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 0.96% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 1.57% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 3.93% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.22% | 3.23% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.22% | 3.42% | +0.80% |