Schwab Municipal Bond ETF (SCMB) Performance
SCMB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.5% since Dec 31, 2025
- 1 year
- −1.2% total return
- 3 years
- +3.9% a year
- Since first price
- +3.0% a year since 2022
SCMB trailing returns vs AGG, TLT, SPY
| Period | SCMB total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +2.1% | +1.7% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.2% | −2.1% | −0.4% | −1.0% | +3.2% |
| 6 months | −2.4% | −4.2% | −1.5% | −3.8% | +7.8% |
| YTD | −1.5% | −4.2% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.2% | −4.7% | −1.1% | −6.9% | +14.4% |
| 3 years | +12.0%+3.9%/yr | +1.1% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionOct 12, 2022 | +12.5%+3.0%/yr | −1.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SCMB vs AGG
From Oct 12, 2022: SCMB grew to $11,254, AGG to $11,622.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SCMB returns by calendar year
3 of 3 full years positive. Best 2023 (+5.9%), worst 2024 (+0.9%). 2026 is year to date.
SCMB annual returns table
| Year | SCMB | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.5% | −6.7% | −1.0% | −3.4% | +12.3% |
| 2025 | +3.8% | −4.5% | +7.2% | +4.3% | +17.7% |
| 2024 | +0.9% | −2.6% | +1.3% | −8.1% | +24.9% |
| 2023 | +5.9% | −6.1% | +5.7% | +2.8% | +26.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SCMB largest drawdowns
Now 3.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 6, 2026 | −6.7% | Sep 29, 2026 | not yet | 3 months | 4 months so far |
| Apr 12, 2023 | −6.1% | Oct 30, 2023 | Dec 1, 2023 | 7 months | 8 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
SCMB risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +2.6% | +2.9% |
| Volatility (annualized) | 5.7% | 6.3% |
| Sharpe ratio | -0.29 | -0.21 |
| Sortino ratio | -0.42 | -0.32 |
| Best month | +6.0% | +6.0% |
| Worst month | −3.6% | −3.6% |
| Best 12 months | +9.6% | +9.6% |
| Worst 12 months | −2.3% | −2.3% |
| Positive months | 56% | 53% |
| Beta vs S&P 500 | 0.29 | — |
| Correlation with S&P 500 | 0.62 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SCMB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 37 | −2.3% | +2.8% | +9.6% | 89% |
| 3-year (a year) | 13 | +2.4% | +3.3% | +5.1% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
SCMB performance overview
Schwab Municipal Bond ETF (SCMB) returned −1.2% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +3.0% a year, turning $10,000 into about $11,254. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −6.7%, from Jul 6, 2026 to Sep 29, 2026; the fund has not yet regained that high. SCMB finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+5.9%) and the worst 2024 (+0.9%). Volatility has been 6.3% a year.
Related: SCMB chart, SCMB dividends, SCMB bond profile. See the SCMB overview for the latest quote and fund facts.
SCMB performance FAQ
What is the SCMB return over the past year?
SCMB returned −1.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.7%.
How much would $10,000 invested in SCMB be worth?
$10,000 invested in SCMB at its first recorded close on October 12, 2022 would be worth about $11,254 on October 23, 2026 with distributions reinvested.
What was the worst year for SCMB?
The worst calendar year was 2024, with a total return of +0.9%. The best was 2023 at +5.9%.
What is the biggest drawdown of SCMB?
The largest peak-to-trough decline was −6.7% between July 6, 2026 and September 29, 2026. It has not yet recovered to that high; it is 3.4% below its peak.
How volatile is SCMB?
Over the past 3 years SCMB had an annualized volatility of 5.7% and a Sharpe ratio of -0.29 (excess return over 1–3 month T-bills per unit of risk).