SWCAX vs. CMF
Compare and contrast key facts about Schwab California Tax-Free Bond Fund™ (SWCAX) and iShares California Muni Bond ETF (CMF).
SWCAX is managed by Charles Schwab. It was launched on Feb 23, 1992. CMF is a passively managed fund by iShares that tracks the performance of the S&P California AMT-Free Municipal Bond Index. It was launched on Oct 4, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWCAX or CMF.
Correlation
The correlation between SWCAX and CMF is -0.12. 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.
Performance
SWCAX vs. CMF - Performance Comparison
Loading data...
Key characteristics
SWCAX:
0.14
CMF:
0.05
SWCAX:
0.21
CMF:
0.11
SWCAX:
1.04
CMF:
1.02
SWCAX:
0.11
CMF:
0.05
SWCAX:
0.47
CMF:
0.19
SWCAX:
1.29%
CMF:
1.60%
SWCAX:
4.30%
CMF:
5.06%
SWCAX:
-13.51%
CMF:
-16.45%
SWCAX:
-3.19%
CMF:
-3.38%
Returns By Period
In the year-to-date period, SWCAX achieves a -1.30% return, which is significantly higher than CMF's -1.68% return. Over the past 10 years, SWCAX has underperformed CMF with an annualized return of 1.37%, while CMF has yielded a comparatively higher 1.80% annualized return.
SWCAX
-1.30%
0.56%
-1.05%
0.69%
0.42%
1.37%
CMF
-1.68%
1.47%
-1.51%
0.42%
0.30%
1.80%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SWCAX vs. CMF - Expense Ratio Comparison
SWCAX has a 0.48% expense ratio, which is higher than CMF's 0.25% expense ratio.
Risk-Adjusted Performance
SWCAX vs. CMF — Risk-Adjusted Performance Rank
SWCAX
CMF
SWCAX vs. CMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab California Tax-Free Bond Fund™ (SWCAX) and iShares California Muni Bond ETF (CMF). 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.
Loading data...
Dividends
SWCAX vs. CMF - Dividend Comparison
SWCAX's dividend yield for the trailing twelve months is around 2.95%, which matches CMF's 2.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWCAX Schwab California Tax-Free Bond Fund™ | 2.95% | 3.11% | 2.66% | 2.13% | 2.08% | 2.60% | 2.56% | 2.49% | 2.22% | 3.09% | 2.79% | 4.22% |
CMF iShares California Muni Bond ETF | 2.93% | 2.78% | 2.29% | 1.91% | 1.58% | 1.80% | 2.03% | 2.17% | 2.09% | 2.21% | 2.55% | 2.80% |
Drawdowns
SWCAX vs. CMF - Drawdown Comparison
The maximum SWCAX drawdown since its inception was -13.51%, smaller than the maximum CMF drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for SWCAX and CMF. For additional features, visit the drawdowns tool.
Loading data...
Volatility
SWCAX vs. CMF - Volatility Comparison
Schwab California Tax-Free Bond Fund™ (SWCAX) has a higher volatility of 2.28% compared to iShares California Muni Bond ETF (CMF) at 1.60%. This indicates that SWCAX's price experiences larger fluctuations and is considered to be riskier than CMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...