Correlation
The correlation between SWNTX and SCMB is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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
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Key characteristics
SWNTX:
0.38
SCMB:
0.29
SWNTX:
0.43
SCMB:
0.33
SWNTX:
1.07
SCMB:
1.05
SWNTX:
0.27
SCMB:
0.24
SWNTX:
0.96
SCMB:
0.71
SWNTX:
1.54%
SCMB:
1.63%
SWNTX:
4.89%
SCMB:
4.87%
SWNTX:
-12.60%
SCMB:
-6.13%
SWNTX:
-3.17%
SCMB:
-3.10%
Returns By Period
In the year-to-date period, SWNTX achieves a -1.40% return, which is significantly higher than SCMB's -1.53% return.
SWNTX
-1.40%
-0.47%
-2.45%
1.44%
1.63%
0.49%
1.68%
SCMB
-1.53%
-0.28%
-2.63%
1.11%
N/A
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.
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Dividends
SWNTX vs. SCMB - Dividend Comparison
SWNTX's dividend yield for the trailing twelve months is around 3.29%, which matches SCMB's 3.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWNTX Schwab Tax-Free Bond Fund™ | 3.29% | 3.44% | 3.06% | 2.33% | 2.04% | 2.51% | 2.59% | 2.42% | 2.34% | 3.14% | 2.71% | 3.29% |
SCMB Schwab Municipal Bond ETF | 3.28% | 3.34% | 3.10% | 0.59% | 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.
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Volatility
SWNTX vs. SCMB - Volatility Comparison
The current volatility for Schwab Tax-Free Bond Fund™ (SWNTX) is 0.54%, while Schwab Municipal Bond ETF (SCMB) has a volatility of 0.99%. 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.
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