WT vs. SCMB

Last updated Jun 4, 2026

WT (WisdomTree Inc.) is a stock, while SCMB (Schwab Municipal Bond ETF) is Municipal Bonds fund tracking the ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. Over the past 3 years, WT returned 40.21%/yr vs 3.37%/yr for SCMB. At a 0.09 correlation, their price movements are largely independent.

Performance

WT vs. SCMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Inc. (WT) and Schwab Municipal Bond ETF (SCMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WT achieves a 53.28% return, which is significantly higher than SCMB's 1.07% return.

WT

• 1D: -1.74%
• 1M: 7.93%
• YTD: 53.28%
• 6M: 67.27%
• 1Y: 96.78%
• 3Y*: 40.21%
• 5Y*: 23.59%
• 10Y*: 7.35%

SCMB

• 1D: -0.12%
• 1M: 0.60%
• YTD: 1.07%
• 6M: 1.55%
• 1Y: 6.86%
• 3Y*: 3.37%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WT vs. SCMB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WT WisdomTree Inc.	53.28%	17.38%	53.55%	29.56%	16.13%
SCMB Schwab Municipal Bond ETF	1.07%	3.78%	0.91%	5.86%	3.05%

Correlation

The correlation between WT and SCMB is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since Oct 13, 2022	0.09

Return for Risk

WT vs. SCMB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WT

WT Risk / Return Rank: 88
WT Sharpe Ratio Rank: 93
WT Sortino Ratio Rank: 90
WT Omega Ratio Rank: 87
WT Calmar Ratio Rank: 86
WT Martin Ratio Rank: 85

SCMB

SCMB Risk / Return Rank: 64
SCMB Sharpe Ratio Rank: 70
SCMB Sortino Ratio Rank: 75
SCMB Omega Ratio Rank: 81
SCMB Calmar Ratio Rank: 47
SCMB Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WT vs. SCMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Inc. (WT) 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.

	WT	SCMB	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.34	+0.31
Sortino ratio: Return per unit of downside risk	3.30	3.45	-0.15
Omega ratio: Gain probability vs. loss probability	1.39	1.50	-0.11
Calmar ratio: Return relative to maximum drawdown	3.65	2.36	+1.29
Martin ratio: Return relative to average drawdown	8.79	7.89	+0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WT vs. SCMB - Sharpe Ratio Comparison

The current WT Sharpe Ratio is 2.66, which is comparable to the SCMB Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of WT and SCMB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WT	SCMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.34	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.97	-0.96

Drawdowns

WT vs. SCMB - Drawdown Comparison

The maximum WT drawdown since its inception was -99.92%, which is greater than SCMB's maximum drawdown of -6.13%. Use the drawdown chart below to compare losses from any high point for WT and SCMB.

Drawdown Indicators

	WT	SCMB	Difference
Max Drawdown Largest peak-to-trough decline	-99.92%	-6.13%	-93.79%
Max Drawdown (1Y) Largest decline over 1 year	-26.67%	-2.92%	-23.75%
Max Drawdown (3Y) Largest decline over 3 years	-36.94%	-5.57%	-31.37%
Max Drawdown (5Y) Largest decline over 5 years	-36.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-83.95%	—	—
Current Drawdown Current decline from peak	-9.33%	-0.87%	-8.46%
Average Drawdown Average peak-to-trough decline	-60.21%	-1.32%	-58.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.05%	0.87%	+10.18%

Volatility

WT vs. SCMB - Volatility Comparison

WisdomTree Inc. (WT) has a higher volatility of 11.93% compared to Schwab Municipal Bond ETF (SCMB) at 1.04%. This indicates that WT's price experiences larger fluctuations and is considered to be riskier than SCMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WT	SCMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.93%	1.04%	+10.89%
Volatility (6M) Calculated over the trailing 6-month period	30.12%	2.17%	+27.95%
Volatility (1Y) Calculated over the trailing 1-year period	36.62%	2.94%	+33.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.27%	4.16%	+28.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.91%	4.16%	+38.75%

Dividends

WT vs. SCMB - Dividend Comparison

WT's dividend yield for the trailing twelve months is around 0.64%, less than SCMB's 3.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCMB Schwab Municipal Bond ETF	3.54%	3.36%	3.34%	3.10%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WT WisdomTree Inc.	0.64%	0.98%	1.14%	1.73%	2.20%	1.96%	2.24%	2.48%	1.80%	2.55%	2.87%	3.64%

Frequently Asked Questions

Can I hold both WT and SCMB in my portfolio?

WT and SCMB have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WT or SCMB?

WT has higher volatility (11.93%) compared to SCMB (1.04%). In terms of maximum drawdown, WT dropped -99.92% vs SCMB's -6.13%.

Which has better risk-adjusted returns?

WT currently has the higher Sharpe Ratio (2.66 vs 2.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.