TFI vs. SCMB
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) and Schwab Municipal Bond ETF (SCMB).
TFI and SCMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFI is a passively managed fund by State Street that tracks the performance of the Bloomberg US Municipal Managed Money (1-25 Y). It was launched on Sep 11, 2007. SCMB is a passively managed fund by Charles 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. Both TFI and SCMB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TFI vs. SCMB - Performance Comparison
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TFI vs. SCMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF | -0.23% | 3.62% | -0.01% | 5.62% | 3.19% |
SCMB Schwab Municipal Bond ETF | -0.51% | 3.78% | 0.91% | 5.86% | 3.05% |
Returns By Period
In the year-to-date period, TFI achieves a -0.23% return, which is significantly higher than SCMB's -0.51% return.
TFI
- 1D
- 0.33%
- 1M
- -2.21%
- YTD
- -0.23%
- 6M
- 1.25%
- 1Y
- 4.10%
- 3Y*
- 1.95%
- 5Y*
- -0.11%
- 10Y*
- 1.51%
SCMB
- 1D
- 0.24%
- 1M
- -2.42%
- YTD
- -0.51%
- 6M
- 1.25%
- 1Y
- 3.88%
- 3Y*
- 2.44%
- 5Y*
- —
- 10Y*
- —
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TFI vs. SCMB - Expense Ratio Comparison
TFI has a 0.23% expense ratio, which is higher than SCMB's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
TFI vs. SCMB — Risk / Return Rank
TFI
SCMB
TFI vs. SCMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) 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.
| TFI | SCMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.94 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.22 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.05 | +0.08 |
Martin ratioReturn relative to average drawdown | 3.62 | 2.98 | +0.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TFI | SCMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.94 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.90 | -0.40 |
Correlation
The correlation between TFI and SCMB is 0.84, 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.
Dividends
TFI vs. SCMB - Dividend Comparison
TFI's dividend yield for the trailing twelve months is around 3.41%, which matches SCMB's 3.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF | 3.41% | 3.32% | 3.01% | 2.41% | 1.87% | 1.71% | 1.91% | 2.14% | 2.26% | 2.16% | 2.39% | 2.40% |
SCMB Schwab Municipal Bond ETF | 3.38% | 3.36% | 3.34% | 3.10% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TFI vs. SCMB - Drawdown Comparison
The maximum TFI drawdown since its inception was -15.49%, which is greater than SCMB's maximum drawdown of -6.13%. Use the drawdown chart below to compare losses from any high point for TFI and SCMB.
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Drawdown Indicators
| TFI | SCMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.49% | -6.13% | -9.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -3.79% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.49% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -2.42% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -1.32% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.34% | -0.12% |
Volatility
TFI vs. SCMB - Volatility Comparison
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) and Schwab Municipal Bond ETF (SCMB) have volatilities of 1.47% and 1.47%, 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.
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Volatility by Period
| TFI | SCMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.47% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 2.02% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 4.15% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 4.22% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 4.22% | +0.77% |