WT vs. SCMB
Compare and contrast key facts about WisdomTree Inc. (WT) and Schwab Municipal Bond ETF (SCMB).
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: WT or SCMB.
Correlation
The correlation between WT and SCMB is 0.05, 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.
Performance
WT vs. SCMB - Performance Comparison
Key characteristics
WT:
0.96
SCMB:
0.92
WT:
1.46
SCMB:
1.27
WT:
1.18
SCMB:
1.17
WT:
0.44
SCMB:
1.39
WT:
2.45
SCMB:
3.53
WT:
11.73%
SCMB:
1.02%
WT:
30.17%
SCMB:
3.93%
WT:
-99.93%
SCMB:
-5.36%
WT:
-54.69%
SCMB:
-1.24%
Returns By Period
In the year-to-date period, WT achieves a -10.10% return, which is significantly lower than SCMB's 0.36% return.
WT
-10.10%
-1.87%
-2.89%
30.51%
15.42%
-4.59%
SCMB
0.36%
0.87%
0.77%
3.75%
N/A
N/A
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Risk-Adjusted Performance
WT vs. SCMB — Risk-Adjusted Performance Rank
WT
SCMB
WT vs. SCMB - Risk-Adjusted Performance 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.
Dividends
WT vs. SCMB - Dividend Comparison
WT's dividend yield for the trailing twelve months is around 1.27%, less than SCMB's 4.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WT WisdomTree Inc. | 1.27% | 1.14% | 1.73% | 2.20% | 1.96% | 2.24% | 2.48% | 1.80% | 2.55% | 2.87% | 3.64% | 0.51% |
SCMB Schwab Municipal Bond ETF | 4.48% | 4.73% | 4.66% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WT vs. SCMB - Drawdown Comparison
The maximum WT drawdown since its inception was -99.93%, which is greater than SCMB's maximum drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for WT and SCMB. For additional features, visit the drawdowns tool.
Volatility
WT vs. SCMB - Volatility Comparison
WisdomTree Inc. (WT) has a higher volatility of 5.19% compared to Schwab Municipal Bond ETF (SCMB) at 1.11%. 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.