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SWNTX vs. MUB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SWNTXMUB
YTD Return1.76%1.25%
1Y Return6.87%6.33%
3Y Return (Ann)-0.39%-0.18%
5Y Return (Ann)0.77%1.15%
10Y Return (Ann)1.53%2.15%
Sharpe Ratio2.241.62
Sortino Ratio3.422.37
Omega Ratio1.521.31
Calmar Ratio0.800.88
Martin Ratio9.536.96
Ulcer Index0.71%0.93%
Daily Std Dev3.02%3.98%
Max Drawdown-12.93%-13.68%
Current Drawdown-2.20%-1.52%

Correlation

-0.50.00.51.00.6

The correlation between SWNTX and MUB is 0.57, 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

SWNTX vs. MUB - Performance Comparison

In the year-to-date period, SWNTX achieves a 1.76% return, which is significantly higher than MUB's 1.25% return. Over the past 10 years, SWNTX has underperformed MUB with an annualized return of 1.53%, while MUB has yielded a comparatively higher 2.15% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-1.00%0.00%1.00%2.00%3.00%JuneJulyAugustSeptemberOctoberNovember
1.84%
1.72%
SWNTX
MUB

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SWNTX vs. MUB - Expense Ratio Comparison

SWNTX has a 0.48% expense ratio, which is higher than MUB's 0.07% expense ratio.


SWNTX
Schwab Tax-Free Bond Fund™
Expense ratio chart for SWNTX: current value at 0.48% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.48%
Expense ratio chart for MUB: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Risk-Adjusted Performance

SWNTX vs. MUB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Tax-Free Bond Fund™ (SWNTX) 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.


SWNTX
Sharpe ratio
The chart of Sharpe ratio for SWNTX, currently valued at 2.24, compared to the broader market0.002.004.002.24
Sortino ratio
The chart of Sortino ratio for SWNTX, currently valued at 3.42, compared to the broader market0.005.0010.003.42
Omega ratio
The chart of Omega ratio for SWNTX, currently valued at 1.52, compared to the broader market1.002.003.004.001.52
Calmar ratio
The chart of Calmar ratio for SWNTX, currently valued at 0.80, compared to the broader market0.005.0010.0015.0020.0025.000.80
Martin ratio
The chart of Martin ratio for SWNTX, currently valued at 9.53, compared to the broader market0.0020.0040.0060.0080.00100.009.53
MUB
Sharpe ratio
The chart of Sharpe ratio for MUB, currently valued at 1.62, compared to the broader market0.002.004.001.62
Sortino ratio
The chart of Sortino ratio for MUB, currently valued at 2.37, compared to the broader market0.005.0010.002.37
Omega ratio
The chart of Omega ratio for MUB, currently valued at 1.31, compared to the broader market1.002.003.004.001.31
Calmar ratio
The chart of Calmar ratio for MUB, currently valued at 0.88, compared to the broader market0.005.0010.0015.0020.0025.000.88
Martin ratio
The chart of Martin ratio for MUB, currently valued at 6.96, compared to the broader market0.0020.0040.0060.0080.00100.006.96

SWNTX vs. MUB - Sharpe Ratio Comparison

The current SWNTX Sharpe Ratio is 2.24, which is higher than the MUB Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of SWNTX and MUB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.24
1.62
SWNTX
MUB

Dividends

SWNTX vs. MUB - Dividend Comparison

SWNTX's dividend yield for the trailing twelve months is around 3.41%, more than MUB's 2.96% yield.


TTM20232022202120202019201820172016201520142013
SWNTX
Schwab Tax-Free Bond Fund™
3.41%3.06%2.33%1.67%1.97%2.31%2.42%2.34%2.24%2.22%2.30%2.38%
MUB
iShares National AMT-Free Muni Bond ETF
2.96%2.65%2.11%1.81%2.11%2.42%2.46%2.26%2.21%2.51%2.73%3.02%

Drawdowns

SWNTX vs. MUB - Drawdown Comparison

The maximum SWNTX drawdown since its inception was -12.93%, smaller than the maximum MUB drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for SWNTX and MUB. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.20%
-1.52%
SWNTX
MUB

Volatility

SWNTX vs. MUB - Volatility Comparison

The current volatility for Schwab Tax-Free Bond Fund™ (SWNTX) is 1.51%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.97%. This indicates that SWNTX 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.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.51%
1.97%
SWNTX
MUB