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ETFs

Schwab Municipal Bond ETF

SCMB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 12, 2022
Expense Ratio
0.03%
Type
US Bonds
Fund Owner
Schwab
Volume (1m avg. daily)
$1,483,814
AUM
$155,433,398
Associated Index
ICE AMT-Free Core U.S. National Municipal Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
NJ St Transn 5 % Notes 2016-15.06.28 Federal Highway Reimbursement Series 2016 A-1
0.48%
n/a
CALIFORNIA ST PUBLIC WKS BRD L CASFAC 09/27 FIXED 5
0.41%
n/a
HAMPTON ROADS VA TRANSPRTN ACC HRDTRN 07/26 FIXED 5
0.39%
n/a
SALES TAX ASSET RECEIVABLE COR SLS 10/31 FIXED 5
0.37%
n/a
NEW JERSEY ST TRANSPRTN TRUST NJSTRN 12/28 ZEROCPNOID 0
0.37%
n/a
ILLINOIS ST ILS 11/29 FIXED 5
0.36%
n/a
NJ St Transn 4.1 % Notes 2016-15.06.31 Federal Highway Reimbursement Series 2016 A-1
0.34%
n/a
CHICAGO IL CHI 01/43 FIXED 5.5
0.34%
n/a
CALIFORNIA ST EDUCTNL FACS AUT CASEDU 04/42 FIXED 5
0.33%
n/a
ILLINOIS ST FIN AUTH REVENUE ILSGEN 10/40 FIXED 5
0.33%
Invest with SCMB

What is SCMB?

The fund's goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the U.S. AMT-free municipal bond market. Simple access to the U.S. investment grade, tax-exempt bond market. Seeks to provide income exempt from federal taxes and not subject to AMT.

ETFs related toSCMB

ETFs correlated to SCMB include JMUB, MUB, CMF

SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

SCMB is a US Bonds ETF. The fund's goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the U.S. AMT-free municipal bond market. Simple access to the U.S. investment grade, tax-exempt bond market. Seeks to provide income exempt from federal taxes and not subject to AMT.

SCMB tracks the ICE AMT-Free Core U.S. National Municipal Index.

No, SCMB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SCMB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SCMB is -0.0129%. This is the percent change in the value of SCMB over the most recent 1-month period. The 3-month return on SCMB is -0.0288%. This is the percent change in the value of SCMB over the most recent 3-month period.

ETFs similar to SCMB include HYMB, SUB, and HYD.

ETFs correlated to SCMB include JMUB, MUB, and CMF.

ETFs that are inversely correlated to SCMB include TBT, TTT, and TBX.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.