SCMBX vs. FTABX
Compare and contrast key facts about DWS Managed Municipal Bond Fund (SCMBX) and Fidelity Tax-Free Bond Fund (FTABX).
SCMBX is managed by BlackRock. It was launched on Oct 13, 1976. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Performance
SCMBX vs. FTABX - Performance Comparison
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SCMBX vs. FTABX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCMBX DWS Managed Municipal Bond Fund | 0.04% | 3.21% | 2.52% | 6.64% | -12.83% | 2.09% | 4.72% | 8.93% | 0.21% | 5.58% |
FTABX Fidelity Tax-Free Bond Fund | -0.50% | 5.60% | 1.54% | 7.51% | -10.74% | 2.20% | 4.80% | 8.58% | 0.67% | 6.45% |
Returns By Period
In the year-to-date period, SCMBX achieves a 0.04% return, which is significantly higher than FTABX's -0.50% return. Over the past 10 years, SCMBX has underperformed FTABX with an annualized return of 1.79%, while FTABX has yielded a comparatively higher 2.32% annualized return.
SCMBX
- 1D
- 0.38%
- 1M
- -1.76%
- YTD
- 0.04%
- 6M
- 1.33%
- 1Y
- 3.84%
- 3Y*
- 3.08%
- 5Y*
- 0.18%
- 10Y*
- 1.79%
FTABX
- 1D
- 0.27%
- 1M
- -2.32%
- YTD
- -0.50%
- 6M
- 1.06%
- 1Y
- 4.23%
- 3Y*
- 3.59%
- 5Y*
- 0.97%
- 10Y*
- 2.32%
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SCMBX vs. FTABX - Expense Ratio Comparison
SCMBX has a 0.54% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Return for Risk
SCMBX vs. FTABX — Risk / Return Rank
SCMBX
FTABX
SCMBX vs. FTABX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Managed Municipal Bond Fund (SCMBX) and Fidelity Tax-Free Bond Fund (FTABX). 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.
| SCMBX | FTABX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.97 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.10 | 1.31 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.15 | -0.22 |
Martin ratioReturn relative to average drawdown | 3.03 | 4.00 | -0.97 |
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
| SCMBX | FTABX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.97 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.24 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.54 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 1.04 | +0.23 |
Correlation
The correlation between SCMBX and FTABX is 0.75, 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
SCMBX vs. FTABX - Dividend Comparison
SCMBX's dividend yield for the trailing twelve months is around 4.87%, more than FTABX's 3.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMBX DWS Managed Municipal Bond Fund | 4.87% | 4.46% | 3.49% | 2.64% | 2.36% | 3.27% | 3.57% | 4.32% | 3.42% | 3.31% | 3.87% | 3.99% |
FTABX Fidelity Tax-Free Bond Fund | 3.20% | 4.18% | 2.81% | 2.90% | 2.16% | 2.27% | 2.64% | 2.94% | 3.01% | 3.49% | 4.22% | 3.29% |
Drawdowns
SCMBX vs. FTABX - Drawdown Comparison
The maximum SCMBX drawdown since its inception was -18.17%, which is greater than FTABX's maximum drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for SCMBX and FTABX.
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Drawdown Indicators
| SCMBX | FTABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.17% | -16.14% | -2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -5.07% | -4.74% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.17% | -16.14% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -18.17% | -16.14% | -2.03% |
Current DrawdownCurrent decline from peak | -2.13% | -2.66% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -2.13% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.37% | +0.20% |
Volatility
SCMBX vs. FTABX - Volatility Comparison
DWS Managed Municipal Bond Fund (SCMBX) has a higher volatility of 1.33% compared to Fidelity Tax-Free Bond Fund (FTABX) at 1.15%. This indicates that SCMBX's price experiences larger fluctuations and is considered to be riskier than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCMBX | FTABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.15% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 1.79% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 4.84% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.37% | 4.12% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.30% | 4.27% | +0.03% |