VWIUX vs. SCMB
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) and Schwab Municipal Bond ETF (SCMB).
VWIUX is managed by Vanguard. It was launched on Feb 12, 2001. 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.
Performance
VWIUX vs. SCMB - Performance Comparison
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VWIUX vs. SCMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | -0.69% | 5.99% | 2.34% | 5.90% | 2.84% |
SCMB Schwab Municipal Bond ETF | -0.51% | 3.78% | 0.91% | 5.86% | 3.05% |
Returns By Period
In the year-to-date period, VWIUX achieves a -0.69% return, which is significantly lower than SCMB's -0.51% return.
VWIUX
- 1D
- 0.15%
- 1M
- -2.85%
- YTD
- -0.69%
- 6M
- 0.95%
- 1Y
- 4.63%
- 3Y*
- 3.66%
- 5Y*
- 1.53%
- 10Y*
- 2.36%
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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VWIUX vs. SCMB - Expense Ratio Comparison
VWIUX has a 0.09% 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
VWIUX vs. SCMB — Risk / Return Rank
VWIUX
SCMB
VWIUX vs. SCMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) 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.
| VWIUX | SCMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 0.94 | +0.45 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.22 | +0.66 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.21 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.05 | +0.42 |
Martin ratioReturn relative to average drawdown | 5.75 | 2.98 | +2.78 |
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
| VWIUX | SCMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 0.94 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.90 | +0.21 |
Correlation
The correlation between VWIUX 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.
Dividends
VWIUX vs. SCMB - Dividend Comparison
VWIUX's dividend yield for the trailing twelve months is around 3.33%, less than SCMB's 3.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.33% | 4.06% | 3.63% | 2.78% | 2.51% | 1.89% | 2.40% | 2.88% | 2.89% | 2.82% | 2.91% | 2.96% |
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
VWIUX vs. SCMB - Drawdown Comparison
The maximum VWIUX drawdown since its inception was -11.38%, which is greater than SCMB's maximum drawdown of -6.13%. Use the drawdown chart below to compare losses from any high point for VWIUX and SCMB.
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Drawdown Indicators
| VWIUX | SCMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.38% | -6.13% | -5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -3.79% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -11.38% | — | — |
Current DrawdownCurrent decline from peak | -2.85% | -2.42% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -1.32% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.34% | -0.34% |
Volatility
VWIUX vs. SCMB - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) is 0.96%, while Schwab Municipal Bond ETF (SCMB) has a volatility of 1.47%. This indicates that VWIUX 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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Volatility by Period
| VWIUX | SCMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.47% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 2.02% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 4.15% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 4.22% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.42% | 4.22% | -0.80% |