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.
Key characteristics
| SWNTX | SCMB | |
|---|---|---|
| YTD Return | 2.57% | 1.88% |
| 1Y Return | 7.13% | 7.29% |
| Sharpe Ratio | 2.17 | 1.66 |
| Daily Std Dev | 3.25% | 4.29% |
| Max Drawdown | -12.60% | -6.13% |
| Current Drawdown | -1.05% | -0.04% |
Correlation
The correlation between SWNTX and SCMB is 0.74, 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
In the year-to-date period, SWNTX achieves a 2.57% return, which is significantly higher than SCMB's 1.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 3.34%, more than SCMB's 3.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWNTX Schwab Tax-Free Bond Fund™ | 3.34% | 3.07% | 2.34% | 2.04% | 2.51% | 2.59% | 2.41% | 2.21% | 3.14% | 2.71% | 3.29% | 2.38% |
SCMB Schwab Municipal Bond ETF | 3.27% | 3.10% | 0.59% | 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 -12.60%, which is greater than SCMB's maximum drawdown of -6.13%. 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 0.43%, while Schwab Municipal Bond ETF (SCMB) has a volatility of 0.68%. 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.