Correlation
The correlation between SCMBX and MUNI is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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.
Performance
SCMBX vs. MUNI - Performance Comparison
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Key characteristics
SCMBX:
0.60
MUNI:
0.50
SCMBX:
0.71
MUNI:
0.64
SCMBX:
1.12
MUNI:
1.10
SCMBX:
0.56
MUNI:
0.56
SCMBX:
1.78
MUNI:
1.59
SCMBX:
1.69%
MUNI:
1.28%
SCMBX:
5.87%
MUNI:
4.42%
SCMBX:
-16.84%
MUNI:
-11.15%
SCMBX:
-3.31%
MUNI:
-2.18%
Returns By Period
In the year-to-date period, SCMBX achieves a -1.68% return, which is significantly lower than MUNI's -0.40% return. Over the past 10 years, SCMBX has outperformed MUNI with an annualized return of 2.45%, while MUNI has yielded a comparatively lower 2.16% annualized return.
SCMBX
-1.68%
-0.89%
-2.96%
3.07%
2.97%
1.70%
2.45%
MUNI
-0.40%
-0.29%
-1.52%
2.14%
2.52%
0.99%
2.16%
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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 Rank
SCMBX
MUNI
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.
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Dividends
SCMBX vs. MUNI - Dividend Comparison
SCMBX's dividend yield for the trailing twelve months is around 5.76%, more than MUNI's 3.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMBX DWS Managed Municipal Bond Fund | 5.76% | 5.98% | 4.10% | 4.38% | 3.76% | 4.04% | 3.66% | 3.38% | 3.45% | 3.82% | 3.93% | 4.11% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.45% | 3.50% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% |
Drawdowns
SCMBX vs. MUNI - Drawdown Comparison
The maximum SCMBX drawdown since its inception was -16.84%, 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.
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Volatility
SCMBX vs. MUNI - Volatility Comparison
The current volatility for DWS Managed Municipal Bond Fund (SCMBX) is 0.77%, while PIMCO Intermediate Municipal Bond Active ETF (MUNI) has a volatility of 0.82%. This indicates that SCMBX experiences smaller price fluctuations and is considered to be less risky than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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