SCMBvsMUNYETF Comparison
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Schwab Municipal Bond ETF (SCMB) and Vanguard New York Tax-Exempt Bond ETF (MUNY) 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 0.09% for MUNY. SCMB is down -0.67% year-to-date (YTD) with +$1.53B in YTD flows. MUNY performs better with -0.46% YTD performance, and +$310M in YTD flows. Run a side-by-side ETF comparison of SCMB and MUNY 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 MUNY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCMB MUNY | -0.84%-0.87% | -1.99%-2.00% | -0.67%-0.46% | +3.31%+3.58% | +8.78%n/a | n/an/a |
| Flows | SCMB MUNY | +$278M+$25M | +$395M+$95M | +$1.53B+$310M | +$1.97B+$407M | +$4.06B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCMB MUNY | +2.72%+2.66% | +2.57%+2.56% | +3.73%n/a | n/an/a |
| Max drawdown | SCMB MUNY | -2.64%-2.66% | -2.72%-2.66% | -5.45%n/a | n/an/a |
| Max drawdown duration | SCMB MUNY | 59d58d | 122d58d | 275dn/a | n/an/a |
Trading data
SCMB | MUNY | |
Last sale 9/3/2026 at 2:03 PM | $24.99 | $100.57 |
| Previous close 09/02/2026 | $24.95 | $100.40 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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SCMB | MUNY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 2:03 PM
Live
Closed
SCMB | MUNY | |
|---|---|---|
| Last price | $24.99 | $100.57 |
| 1D performance | +0.16% | +0.17% |
| AuM | $4.15 B | $491.76 M |
| E/R | 0.03% | 0.09% |
Characteristics
SCMB | MUNY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Schwab ETFs | Vanguard |
| Benchmark | ICE AMT-Free Core U.S. National Municipal Index | S&P NewYork AMT-Free Municipal USD10 Million Par Bond Index |
| N° of holdings | 319 | 1815 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 12, 2022 | May 20, 2025 |
| ESG | No | No |
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Exposure
Countries
SCMB
USA
60.28%
Other
39.72%
MUNY
USA
61.35%
Other
38.65%
Sectors
SCMB
Municipal
60.28%
Other
39.72%
MUNY
Municipal
61.35%
Other
38.65%
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Diversification
SCMB
Total weight of top 15 holdings out of 15
8.71%
MUNY
Total weight of top 15 holdings out of 15
3.52%
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%
MUNY
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.33%
City of New York, 4% 1aug2018, USD (2012)
0.29%
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.28%
MTA Hudson Rail Yards Trust, 5% 15nov2056, USD (2016A)
0.26%
Triborough Bridge and Tunnel Authority, 5.25% 15may2064, USD (2024A-1)
0.24%
City of New York, FRN 1dec2047, USD
0.23%
Battery Park City Authority, 5.25% 1nov2055, USD (2025)
0.22%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
0.22%
US896032BB41
0.22%
New York Transitional Finance Authority, 5% 1nov2034, USD (2026)
0.22%
US896035CD29
0.22%
US89602HEY99
0.21%
New York Municipal Water Finance Authority, FRN 15jun2049, USD
0.20%
US64989KLR58
0.19%
New York Municipal Water Finance Authority, FRN 15jun2044, USD
0.19%
Frequently asked questions about SCMB and MUNY
How have the SCMB and MUNY ETFs performed in 2026?
As of September 2, 2026, SCMB is down -0.67% year-to-date (YTD), while MUNY has lost -0.46%. That puts MUNY better performer ahead so far this year.
Which ETF is attracting more investor money: SCMB or MUNY?
Year-to-date, the SCMB ETF saw +$1.53B in flows, compared to +$310M for MUNY.
Which ETF is more volatile: SCMB or MUNY?
Over the past year, SCMB had a volatility of 2.57%, while MUNY experienced 2.56%.
Which ETF is bigger: SCMB or MUNY?
As of September 2, 2026, SCMB holds $4.15 B in assets under management (AUM), while MUNY manages $491.76 M.
What sectors do the SCMB and MUNY ETFs invest in?
SCMB leans toward sectors like Municipal. Meanwhile, MUNY focuses on Municipal.
What are the top holdings of the SCMB ETF and MUNY 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. MUNY holds in its top three: New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), City of New York, 4% 1aug2018, USD (2012) and Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A).
Which ETF is more diversified: SCMB or MUNY?
SCMB holds 541 securities with 8.71% of its assets in the top 15. MUNY has 3577 securities and a top 15 weight of 3.52%.
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