SCMBvsHYDETF Comparison
VS
Schwab Municipal Bond ETF (SCMB) and VanEck High Yield Muni ETF (HYD) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. SCMB is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.32% for HYD. SCMB is up 0.05% year-to-date (YTD) with +$1.52B in YTD flows. HYD performs better with 1.62% YTD performance, and +$374M in YTD flows. Run a side-by-side ETF comparison of SCMB and HYD 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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SCMB vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCMB HYD | -0.44%-0.35% | -0.86%-0.18% | +0.05%+1.62% | +3.99%+6.14% | +9.91%+13.29% | n/a-2.60% |
| Flows | SCMB HYD | +$283M-$98M | +$421M+$121M | +$1.52B+$374M | +$1.98B+$1.01B | +$4.06B+$1.64B | -+$1.14B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCMB HYD | +2.60%+2.63% | +2.51%+2.72% | +3.72%+4.37% | n/a+4.51% |
| Max drawdown | SCMB HYD | -2.07%-1.74% | -2.72%-2.84% | -5.45%-6.23% | n/a-19.74% |
| Max drawdown duration | SCMB HYD | 54d53d | 122d106d | 275d225d | n/a1824d |
Trading data
SCMB | HYD | |
Last sale | ||
| Previous close 08/28/2026 | ||
| Consolidated volume 08/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 1, 2026
1-year trailing difference
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SCMB | HYD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
SCMB | HYD | |
|---|---|---|
| Last price | – | – |
| 1D performance | – | – |
| AuM | $4.19 B | $4.35 B |
| E/R | 0.03% | 0.32% |
Characteristics
SCMB | HYD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Schwab ETFs | VanEck |
| Benchmark | ICE AMT-Free Core U.S. National Municipal Index | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 319 | 716 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 12, 2022 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
SCMB
USA
60.28%
Other
39.72%
HYD
USA
60.29%
Other
39.71%
Sectors
SCMB
Municipal
60.28%
Other
39.72%
HYD
Municipal
60.29%
Other
39.71%
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Diversification
SCMB
Total weight of top 15 holdings out of 15
8.71%
HYD
Total weight of top 15 holdings out of 15
8.67%
Top 15 holdings
Data as of July 31, 2026
SCMB
New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026)
1.46%
Massachusetts, 5% 1nov2043, USD (2017)
0.67%
Pennsylvania, 4% 1mar2036, USD
0.66%
University of California, 5% 15nov2040, USD (2026)
0.59%
US64972GA612
0.57%
California, 5.25% 1sep2047, USD
0.56%
US93974EEM49
0.55%
Northwest Independent School District, 5% 15feb2055, USD (2025)
0.55%
University of California, 5% 15nov2035, USD (2026)
0.45%
US68607DXA89
0.45%
US74265L3A45
0.44%
US544647HQ66
0.44%
US592112XL58
0.44%
City of New York, 5% 1aug2032, USD (2022)
0.44%
US709225GV28
0.44%
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.00%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.81%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.70%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.57%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.50%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
US442349GA89
0.44%
Frequently asked questions about SCMB and HYD
How have the SCMB and HYD ETFs performed in 2026?
As of August 28, 2026, SCMB is up 0.05% year-to-date (YTD), while HYD has returned 1.62%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: SCMB or HYD?
Year-to-date, the SCMB ETF saw +$1.52B in flows, compared to +$374M for HYD.
Which ETF is more volatile: SCMB or HYD?
Over the past year, SCMB had a volatility of 2.51%, while HYD experienced 2.72%.
Which ETF is bigger: SCMB or HYD?
As of August 28, 2026, SCMB holds $4.19 B in assets under management (AUM), while HYD manages $4.35 B.
What sectors do the SCMB and HYD ETFs invest in?
SCMB leans toward sectors like Municipal. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the SCMB ETF and HYD ETF?
SCMB top holdings include New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026), Massachusetts, 5% 1nov2043, USD (2017) and Pennsylvania, 4% 1mar2036, USD. HYD holds in its top three: Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B).
Which ETF is more diversified: SCMB or HYD?
SCMB holds 541 securities with 8.71% of its assets in the top 15. HYD has 1439 securities and a top 15 weight of 8.67%.
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