SCMBX vs. MUB
Compare and contrast key facts about DWS Managed Municipal Bond Fund (SCMBX) and iShares National AMT-Free Muni Bond ETF (MUB).
SCMBX is managed by Blackrock. It was launched on Oct 13, 1976. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCMBX or MUB.
Performance
SCMBX vs. MUB - Performance Comparison
Returns By Period
In the year-to-date period, SCMBX achieves a 3.18% return, which is significantly higher than MUB's 1.76% return. Over the past 10 years, SCMBX has outperformed MUB with an annualized return of 2.35%, while MUB has yielded a comparatively lower 2.20% annualized return.
SCMBX
3.18%
1.31%
3.82%
8.52%
1.31%
2.35%
MUB
1.76%
1.16%
3.29%
4.95%
1.20%
2.20%
Key characteristics
| SCMBX | MUB | |
|---|---|---|
| Sharpe Ratio | 2.22 | 1.28 |
| Sortino Ratio | 3.36 | 1.84 |
| Omega Ratio | 1.52 | 1.24 |
| Calmar Ratio | 0.90 | 0.84 |
| Martin Ratio | 9.50 | 5.25 |
| Ulcer Index | 0.90% | 0.94% |
| Daily Std Dev | 3.84% | 3.86% |
| Max Drawdown | -17.56% | -13.68% |
| Current Drawdown | -1.92% | -1.02% |
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SCMBX vs. MUB - Expense Ratio Comparison
SCMBX has a 0.54% expense ratio, which is higher than MUB's 0.07% expense ratio.
Correlation
The correlation between SCMBX and MUB is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SCMBX vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Managed Municipal Bond Fund (SCMBX) and iShares National AMT-Free Muni Bond ETF (MUB). 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
SCMBX vs. MUB - Dividend Comparison
SCMBX's dividend yield for the trailing twelve months is around 4.03%, more than MUB's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMBX DWS Managed Municipal Bond Fund | 4.03% | 4.08% | 4.30% | 2.87% | 4.00% | 3.49% | 3.38% | 3.42% | 3.78% | 3.91% | 4.07% | 4.30% |
MUB iShares National AMT-Free Muni Bond ETF | 2.94% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
SCMBX vs. MUB - Drawdown Comparison
The maximum SCMBX drawdown since its inception was -17.56%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for SCMBX and MUB. For additional features, visit the drawdowns tool.
Volatility
SCMBX vs. MUB - Volatility Comparison
The current volatility for DWS Managed Municipal Bond Fund (SCMBX) is 1.61%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.78%. This indicates that SCMBX experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.