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.
Performance
SWNTX vs. SCMB - Performance Comparison
Returns By Period
In the year-to-date period, SWNTX achieves a 1.95% return, which is significantly lower than SCMB's 2.96% return.
SWNTX
1.95%
0.93%
2.96%
5.58%
0.76%
1.54%
SCMB
2.96%
0.99%
3.84%
6.97%
N/A
N/A
Key characteristics
| SWNTX | SCMB | |
|---|---|---|
| Sharpe Ratio | 1.89 | 1.71 |
| Sortino Ratio | 2.84 | 2.45 |
| Omega Ratio | 1.43 | 1.33 |
| Calmar Ratio | 0.77 | 2.73 |
| Martin Ratio | 7.51 | 8.78 |
| Ulcer Index | 0.74% | 0.79% |
| Daily Std Dev | 2.96% | 4.07% |
| Max Drawdown | -12.93% | -5.62% |
| Current Drawdown | -2.02% | -1.03% |
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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.
Correlation
The correlation between SWNTX and SCMB is 0.72, 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.
Risk-Adjusted Performance
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 3.41%, less than SCMB's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCMB Schwab Municipal Bond ETF | 4.15% | 4.92% | 0.84% | 0.00% | 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 -5.62%. 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 1.28%, while Schwab Municipal Bond ETF (SCMB) has a volatility of 1.85%. 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.