SCMBX vs. VTEX
SCMBX (DWS Managed Municipal Bond Fund) is Municipal Bonds fund managed by BlackRock, while VTEX (VTEX) is a stock. Over the past 3 years, SCMBX returned 3.56%/yr vs -8.44%/yr for VTEX. At a 0.10 correlation, their price movements are largely independent.
Performance
SCMBX vs. VTEX - Performance Comparison
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Returns By Period
In the year-to-date period, SCMBX achieves a 1.76% return, which is significantly higher than VTEX's -6.91% return.
SCMBX
- 1D
- -0.12%
- 1M
- 1.52%
- YTD
- 1.76%
- 6M
- 2.26%
- 1Y
- 6.51%
- 3Y*
- 3.56%
- 5Y*
- 0.13%
- 10Y*
- 1.69%
VTEX
- 1D
- -2.23%
- 1M
- -2.23%
- YTD
- -6.91%
- 6M
- -5.91%
- 1Y
- -46.15%
- 3Y*
- -8.44%
- 5Y*
- —
- 10Y*
- —
SCMBX vs. VTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCMBX DWS Managed Municipal Bond Fund | 1.76% | 3.21% | 2.52% | 6.64% | -12.83% | -0.51% |
VTEX VTEX | -6.91% | -36.16% | -14.39% | 83.47% | -65.02% | -57.29% |
Correlation
The correlation between SCMBX and VTEX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2021 | 0.10 |
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Return for Risk
SCMBX vs. VTEX — Risk / Return Rank
SCMBX
VTEX
SCMBX vs. VTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Managed Municipal Bond Fund (SCMBX) and VTEX (VTEX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SCMBX | VTEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.14 | ||
| Sortino ratioReturn per unit of downside risk | +4.58 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 0.84 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | -0.80 | +3.07 |
| Martin ratioReturn relative to average drawdown | 7.48 | -1.15 | +8.62 |
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Drawdowns
SCMBX vs. VTEX - Drawdown Comparison
The maximum SCMBX drawdown since its inception was -18.17%, smaller than the maximum VTEX drawdown of -91.38%. Use the drawdown chart below to compare losses from any high point for SCMBX and VTEX.
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Drawdown Indicators
| SCMBX | VTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.17% | -91.38% | +73.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -57.54% | +54.58% |
Max Drawdown (3Y)Largest decline over 3 years | -7.02% | -69.50% | +62.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.17% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -89.15% | +88.70% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -79.09% | +76.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 40.30% | -39.41% |
Volatility
SCMBX vs. VTEX - Volatility Comparison
The current volatility for DWS Managed Municipal Bond Fund (SCMBX) is 0.82%, while VTEX (VTEX) has a volatility of 14.48%. This indicates that SCMBX experiences smaller price fluctuations and is considered to be less risky than VTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCMBX | VTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 14.48% | -13.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 33.08% | -30.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 51.84% | -48.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 61.01% | -56.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.32% | 61.01% | -56.69% |
Dividends
SCMBX vs. VTEX - Dividend Comparison
SCMBX's dividend yield for the trailing twelve months is around 3.74%, while VTEX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMBX DWS Managed Municipal Bond Fund | 3.74% | 4.46% | 3.49% | 2.64% | 2.36% | 3.27% | 3.57% | 4.32% | 3.42% | 3.31% | 3.87% | 3.99% |
VTEX VTEX | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCMBX and VTEX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTEX has higher volatility (14.48%) compared to SCMBX (0.82%). In terms of maximum drawdown, SCMBX dropped -18.17% vs VTEX's -91.38%.
SCMBX currently has the higher Sharpe Ratio (2.25 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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