NUSBvsSCMBETF Comparison
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Nuveen Ultra Short Income ETF (NUSB) belongs to the Money Market Bonds segment. Schwab Municipal Bond ETF (SCMB) is part of the Municipal Bonds segment. NUSB's top 3 sector exposures are Finance, Industrials and Utilities. In contrast, SCMB's top sector exposures are Municipal. NUSB is more expensive with a Total Expense Ratio (TER) of 0.17%, versus 0.03% for SCMB. NUSB is up 2.99% year-to-date (YTD) with +$3M in YTD flows. SCMB performs worse with -0.96% YTD performance, and +$1.46B in YTD flows. Run a side-by-side ETF comparison of NUSB 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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NUSB vs SCMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NUSB SCMB | +0.38%+3.97% | +0.92%-1.26% | +2.99%-0.96% | +3.77%-0.67% | n/a+12.55% | n/an/a |
| Flows | NUSB SCMB | -+$895M | +$3M+$224M | +$3M+$1.46B | +$4M+$1.74B | -+$3.97B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NUSB SCMB | +0.27%+5.50% | +0.32%+3.51% | n/a+3.88% | n/an/a |
| Max drawdown | NUSB SCMB | -0.03%-5.88% | -0.04%-6.81% | n/a-6.81% | n/an/a |
| Max drawdown duration | NUSB SCMB | 2d75d | 3d114d | n/a114d | n/an/a |
Trading data
NUSB | SCMB | |
Last sale 10/27/2026 at 1:30 PM | $25.21 | $24.72 |
| Previous close 10/27/2026 | $25.21 | $24.74 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 28, 2026
1-year trailing difference
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NUSB
is actively managed and doesn’t replicate an indexNUSB | 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 10/27/2026 at 1:30 PM
Live
Closed
NUSB | SCMB | |
|---|---|---|
| Last price | $25.21 | $24.72 |
| 1D performance | +0.00% | -0.08% |
| AuM | $158.83 M | $4.06 B |
| E/R | 0.17% | 0.03% |
Characteristics
NUSB | SCMB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Nuveen | Schwab ETFs |
| Benchmark | - | ICE AMT-Free Core U.S. National Municipal Index |
| N° of holdings | 84 | 302 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 5, 2024 | October 12, 2022 |
| ESG | No | No |
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Exposure
Countries
NUSB
USA
53.07%
Other
46.93%
SCMB
USA
58.8%
Other
41.2%
Sectors
NUSB
Finance
32%
Industrials
7.75%
Other
60.24%
SCMB
Municipal
58.8%
Other
41.2%
Diversification
NUSB
Total weight of top 15 holdings out of 15
16.63%
SCMB
Total weight of top 15 holdings out of 15
8.86%
Top 15 holdings
Data as of August 31, 2026
NUSB
US04821UKE19
1.92%
USA, Bills 0% 18mar2027, USD (364D)
1.66%
Pfizer, FRN 15nov2027, USD
1.13%
US87020XM720
1.11%
US37961NKP23
1.08%
JP Morgan, 6.07% 22oct2027, USD
1.07%
T-Mobile USA, 4.95% 15mar2028, USD
0.97%
US02079KCP03
0.97%
Amazon.com, FRN 13mar2029, USD
0.97%
Wells Fargo, FRN 20may2029, USD (Y)
0.96%
Citigroup, 4.643% 7may2028, USD
0.96%
US26244JJ261
0.96%
US06405LAL53
0.96%
Bank of America Corporation, 4.376% 27apr2028, USD (N)
0.96%
MetLife Global Funding I, 4.25% 13apr2028, USD (2026-5)
0.96%
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 NUSB and SCMB
How have the NUSB and SCMB ETFs performed in 2026?
As of October 26, 2026, NUSB is up 2.99% year-to-date (YTD), while SCMB has lost -0.96%. That puts NUSB better performer ahead so far this year.
Which ETF is attracting more investor money: NUSB or SCMB?
Year-to-date, the NUSB ETF saw +$3M in flows, compared to +$1.46B for SCMB.
Which ETF is more volatile: NUSB or SCMB?
Over the past year, NUSB had a volatility of 0.32%, while SCMB experienced 3.51%.
Which ETF is bigger: NUSB or SCMB?
As of October 26, 2026, NUSB holds $158.83 M in assets under management (AUM), while SCMB manages $4.06 B.
What sectors do the NUSB and SCMB ETFs invest in?
NUSB leans toward sectors like Finance and Industrials. Meanwhile, SCMB focuses on Municipal.
What are the top holdings of the NUSB ETF and SCMB ETF?
NUSB top holdings include US04821UKE19, USA, Bills 0% 18mar2027, USD (364D) and Pfizer, FRN 15nov2027, 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: NUSB or SCMB?
NUSB holds 140 securities with 16.63% of its assets in the top 15. SCMB has 522 securities and a top 15 weight of 8.86%.
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