SWNTX vs. SCMB
Compare and contrast key facts about Schwab Tax-Free Bond Fund™ (SWNTX) and Schwab Municipal Bond ETF (SCMB).
SWNTX is managed by Charles Schwab. It was launched on Sep 10, 1992. SCMB is a passively managed fund by Schwab that tracks the performance of the ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. It was launched on Oct 11, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWNTX or SCMB.
Correlation
The correlation between SWNTX and SCMB is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SWNTX vs. SCMB - Performance Comparison
Key characteristics
SWNTX:
0.88
SCMB:
0.89
SWNTX:
1.23
SCMB:
1.23
SWNTX:
1.18
SCMB:
1.16
SWNTX:
0.52
SCMB:
1.37
SWNTX:
2.88
SCMB:
3.32
SWNTX:
0.95%
SCMB:
1.07%
SWNTX:
3.11%
SCMB:
4.01%
SWNTX:
-12.93%
SCMB:
-5.07%
SWNTX:
-2.07%
SCMB:
-1.09%
Returns By Period
In the year-to-date period, SWNTX achieves a 0.09% return, which is significantly lower than SCMB's 0.51% return.
SWNTX
0.09%
0.09%
0.55%
2.00%
0.37%
1.41%
SCMB
0.51%
0.51%
1.36%
3.09%
N/A
N/A
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SWNTX vs. SCMB - Expense Ratio Comparison
SWNTX has a 0.48% expense ratio, which is higher than SCMB's 0.03% expense ratio.
Risk-Adjusted Performance
SWNTX vs. SCMB — Risk-Adjusted Performance Rank
SWNTX
SCMB
SWNTX vs. SCMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Tax-Free Bond Fund™ (SWNTX) and Schwab Municipal Bond ETF (SCMB). 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
SWNTX vs. SCMB - Dividend Comparison
SWNTX's dividend yield for the trailing twelve months is around 3.17%, less than SCMB's 4.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWNTX Schwab Tax-Free Bond Fund™ | 3.17% | 3.44% | 3.06% | 2.33% | 1.67% | 1.97% | 2.31% | 2.42% | 2.34% | 2.24% | 2.22% | 2.30% |
SCMB Schwab Municipal Bond ETF | 4.72% | 4.75% | 4.37% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SWNTX vs. SCMB - Drawdown Comparison
The maximum SWNTX drawdown since its inception was -12.93%, which is greater than SCMB's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for SWNTX and SCMB. For additional features, visit the drawdowns tool.
Volatility
SWNTX vs. SCMB - Volatility Comparison
The current volatility for Schwab Tax-Free Bond Fund™ (SWNTX) is 1.02%, while Schwab Municipal Bond ETF (SCMB) has a volatility of 1.22%. This indicates that SWNTX experiences smaller price fluctuations and is considered to be less risky than SCMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.