MUNYvsSCMBETF Comparison
VS
Vanguard New York Tax-Exempt Bond ETF (MUNY) and Schwab Municipal Bond ETF (SCMB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. MUNY is more expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.03% for SCMB. MUNY is down -1.91% year-to-date (YTD) with +$546M in YTD flows. SCMB performs worse with -2.36% YTD performance, and +$1.12B in YTD flows. Run a side-by-side ETF comparison of MUNY and SCMB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MUNY vs SCMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUNY SCMB | -0.04%-0.19% | -3.31%-3.55% | -1.91%-2.36% | -1.39%-1.83% | n/a+9.65% | n/an/a |
| Flows | MUNY SCMB | +$212M+$110M | +$277M-$169M | +$546M+$1.12B | +$616M+$1.43B | -+$3.65B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUNY SCMB | +5.24%+5.42% | +3.32%+3.39% | n/a+3.88% | n/an/a |
| Max drawdown | MUNY SCMB | -5.85%-6.09% | -6.60%-6.81% | n/a-6.81% | n/an/a |
| Max drawdown duration | MUNY SCMB | 92d92d | 102d103d | n/a103d | n/an/a |
Trading data
MUNY | SCMB | |
Last sale 10/19/2026 at 1:30 PM | $98.64 | $24.47 |
| Previous close 10/16/2026 | $98.68 | $24.49 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MUNY | SCMB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
MUNY | SCMB | |
|---|---|---|
| Last price | $98.64 | $24.47 |
| 1D performance | -0.04% | -0.08% |
| AuM | $722.39 M | $3.66 B |
| E/R | 0.09% | 0.03% |
Characteristics
MUNY | SCMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Schwab ETFs |
| Benchmark | S&P NewYork AMT-Free Municipal USD10 Million Par Bond Index | ICE AMT-Free Core U.S. National Municipal Index |
| N° of holdings | 1835 | 302 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 20, 2025 | October 12, 2022 |
| ESG | No | No |
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Exposure
Countries
MUNY
USA
59.67%
Other
40.33%
SCMB
USA
58.8%
Other
41.2%
Sectors
MUNY
Municipal
59.67%
Other
40.33%
SCMB
Municipal
58.8%
Other
41.2%
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Diversification
MUNY
Total weight of top 15 holdings out of 15
3.51%
SCMB
Total weight of top 15 holdings out of 15
8.86%
Top 15 holdings
Data as of August 31, 2026
MUNY
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.31%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.29%
City of New York, FRN 1aug2044, USD
0.27%
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.27%
MTA Hudson Rail Yards Trust, 5% 15nov2056, USD (2016A)
0.25%
Triborough Bridge and Tunnel Authority, 5.25% 15may2064, USD (2024A-1)
0.23%
MTA Hudson Rail Yards Trust, 5% 15nov2051, USD (2016A)
0.22%
Triborough Bridge and Tunnel Authority, 5% 15nov2051, USD (2021A)
0.22%
US896035CD29
0.22%
New York Transitional Finance Authority, 5% 1nov2034, USD (2026)
0.21%
US896032BB41
0.21%
Triborough Bridge and Tunnel Authority, 5% 15nov2047, USD (2017A)
0.21%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
0.20%
US89602HEY99
0.20%
New York Power Authority, 4% 15nov2050, USD
0.19%
SCMB
New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026)
1.11%
US59261A3T29
0.97%
University of California, 5% 15nov2041, USD (2026)
0.76%
Massachusetts, 5% 1nov2043, USD (2017)
0.70%
Pennsylvania, 4% 1mar2036, USD
0.56%
City of New York, FRN 1apr2042, USD
0.56%
University of California, 5% 15nov2035, USD (2026)
0.48%
US68607DXA89
0.47%
US544647HQ66
0.47%
US74265L3A45
0.47%
US592112XL58
0.47%
City of New York, 5% 1aug2032, USD (2022)
0.46%
City of New York, 5.4% 1aug2006, USD
0.46%
US709225GV28
0.46%
California, 5% 1sep2031, USD
0.46%
Frequently asked questions about MUNY and SCMB
How have the MUNY and SCMB ETFs performed in 2026?
As of October 16, 2026, MUNY is down -1.91% year-to-date (YTD), while SCMB has lost -2.36%. That puts MUNY better performer ahead so far this year.
Which ETF is attracting more investor money: MUNY or SCMB?
Year-to-date, the MUNY ETF saw +$546M in flows, compared to +$1.12B for SCMB.
Which ETF is more volatile: MUNY or SCMB?
Over the past year, MUNY had a volatility of 3.32%, while SCMB experienced 3.39%.
Which ETF is bigger: MUNY or SCMB?
As of October 16, 2026, MUNY holds $722.39 M in assets under management (AUM), while SCMB manages $3.66 B.
What sectors do the MUNY and SCMB ETFs invest in?
MUNY leans toward sectors like Municipal. Meanwhile, SCMB focuses on Municipal.
What are the top holdings of the MUNY ETF and SCMB ETF?
MUNY top holdings include New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), Hudson Yards Infrastructure Corp., 5% 15feb2042, USD and City of New York, FRN 1aug2044, USD. SCMB holds in its top three: New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026), US59261A3T29 and University of California, 5% 15nov2041, USD (2026).
Which ETF is more diversified: MUNY or SCMB?
MUNY holds 3643 securities with 3.51% of its assets in the top 15. SCMB has 522 securities and a top 15 weight of 8.86%.
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