SCMBX vs. MUNI
Compare and contrast key facts about DWS Managed Municipal Bond Fund (SCMBX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
SCMBX is managed by Blackrock. It was launched on Oct 13, 1976. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCMBX or MUNI.
Key characteristics
| SCMBX | MUNI | |
|---|---|---|
| YTD Return | 2.81% | 1.63% |
| 1Y Return | 9.94% | 7.83% |
| 3Y Return (Ann) | -0.51% | 0.43% |
| 5Y Return (Ann) | 1.39% | 1.55% |
| 10Y Return (Ann) | 2.35% | 2.23% |
| Sharpe Ratio | 2.53 | 2.29 |
| Sortino Ratio | 3.90 | 3.45 |
| Omega Ratio | 1.61 | 1.48 |
| Calmar Ratio | 0.89 | 1.11 |
| Martin Ratio | 11.62 | 11.34 |
| Ulcer Index | 0.85% | 0.67% |
| Daily Std Dev | 3.92% | 3.34% |
| Max Drawdown | -17.56% | -11.15% |
| Current Drawdown | -2.28% | -1.23% |
Correlation
The correlation between SCMBX and MUNI is 0.54, 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.
Performance
SCMBX vs. MUNI - Performance Comparison
In the year-to-date period, SCMBX achieves a 2.81% return, which is significantly higher than MUNI's 1.63% return. Over the past 10 years, SCMBX has outperformed MUNI with an annualized return of 2.35%, while MUNI has yielded a comparatively lower 2.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SCMBX vs. MUNI - Expense Ratio Comparison
SCMBX has a 0.54% expense ratio, which is higher than MUNI's 0.35% expense ratio.
Risk-Adjusted Performance
SCMBX vs. MUNI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Managed Municipal Bond Fund (SCMBX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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. MUNI - Dividend Comparison
SCMBX's dividend yield for the trailing twelve months is around 4.04%, which matches MUNI's 4.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMBX DWS Managed Municipal Bond Fund | 4.04% | 4.08% | 4.30% | 2.87% | 4.00% | 3.49% | 3.38% | 3.42% | 3.78% | 3.91% | 4.07% | 4.30% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 4.02% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% | 2.30% |
Drawdowns
SCMBX vs. MUNI - Drawdown Comparison
The maximum SCMBX drawdown since its inception was -17.56%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for SCMBX and MUNI. For additional features, visit the drawdowns tool.
Volatility
SCMBX vs. MUNI - Volatility Comparison
DWS Managed Municipal Bond Fund (SCMBX) has a higher volatility of 1.93% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.59%. This indicates that SCMBX's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.