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:
0.44
SCMB:
0.60
SWNTX:
0.62
SCMB:
0.83
SWNTX:
1.09
SCMB:
1.11
SWNTX:
0.25
SCMB:
0.93
SWNTX:
1.60
SCMB:
2.63
SWNTX:
0.82%
SCMB:
0.90%
SWNTX:
2.97%
SCMB:
3.99%
SWNTX:
-12.93%
SCMB:
-5.39%
SWNTX:
-3.00%
SCMB:
-1.86%
Returns By Period
In the year-to-date period, SWNTX achieves a 0.93% return, which is significantly lower than SCMB's 2.07% return.
SWNTX
0.93%
-1.00%
0.70%
1.31%
0.55%
1.52%
SCMB
2.07%
-0.61%
1.36%
2.38%
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 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 3.16%, less than SCMB's 4.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWNTX Schwab Tax-Free Bond Fund™ | 3.16% | 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 | 4.77% | 4.68% | 1.17% | 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 -5.39%. 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
Schwab Tax-Free Bond Fund™ (SWNTX) and Schwab Municipal Bond ETF (SCMB) have volatilities of 1.11% and 1.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.