TPLSvsSCMBETF Comparison
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Thornburg Core Plus Bond ETF (TPLS) belongs to the Intl Aggregate Bonds segment. Schwab Municipal Bond ETF (SCMB) is part of the Municipal Bonds segment. TPLS's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, SCMB's top sector exposures are Municipal. TPLS is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.03% for SCMB. TPLS is down -1.27% year-to-date (YTD) with +$2M 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 TPLS 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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TPLS 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. | TPLS SCMB | -0.29%-0.19% | -1.61%-3.55% | -1.27%-2.36% | -1.42%-1.83% | n/a+9.65% | n/an/a |
| Flows | TPLS SCMB | +$6M+$110M | +$6M-$169M | +$2M+$1.12B | +$2M+$1.43B | -+$3.65B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TPLS SCMB | +4.34%+5.42% | +3.95%+3.39% | n/a+3.88% | n/an/a |
| Max drawdown | TPLS SCMB | -3.17%-6.09% | -4.59%-6.81% | n/a-6.81% | n/an/a |
| Max drawdown duration | TPLS SCMB | 52d92d | 229d103d | n/a103d | n/an/a |
Trading data
TPLS | SCMB | |
Last sale 10/16/2026 at 1:30 PM | $24.26 | $24.49 |
| Previous close 10/15/2026 | $24.23 | $24.46 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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TPLS
is actively managed and doesn’t replicate an indexTPLS | 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 10/16/2026 at 1:30 PM
Live
Closed
TPLS | SCMB | |
|---|---|---|
| Last price | $24.26 | $24.49 |
| 1D performance | +0.12% | +0.12% |
| AuM | $20.38 M | $3.66 B |
| E/R | 0.45% | 0.03% |
Characteristics
TPLS | SCMB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Thornburg | Schwab ETFs |
| Benchmark | - | ICE AMT-Free Core U.S. National Municipal Index |
| N° of holdings | 236 | 302 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 5, 2025 | October 12, 2022 |
| ESG | No | No |
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Exposure
Countries
TPLS
USA
56.46%
Other
43.54%
SCMB
USA
58.8%
Other
41.2%
Sectors
TPLS
Sovereign
16.96%
Finance
11.36%
Industrials
7.18%
Other
64.5%
SCMB
Municipal
58.8%
Other
41.2%
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Diversification
TPLS
Total weight of top 15 holdings out of 15
29.4%
SCMB
Total weight of top 15 holdings out of 15
8.86%
Top 15 holdings
Data as of August 31, 2026
TPLS
USA, STRIPS 0% 15may2045, USD (10958D)
8.61%
USA, STRIPS 0% 15feb2056, USD (10955D)
4.61%
Thornburg Capital Management Fund
3.80%
US31427NEK19
2.04%
US693981AC68
1.61%
USA, TIPS 0.125% 15feb2051, USD
1.21%
FR SD8533, 5.5% 1may2055, USD (ABS)
1.16%
US31418EU999
1.05%
US3132DP3J51
0.93%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.91%
US3140W6XM92
0.73%
US00969YAA29
0.72%
US233824AA90
0.68%
US19688RAF64
0.68%
US85573HAA86
0.67%
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 TPLS and SCMB
How have the TPLS and SCMB ETFs performed in 2026?
As of October 16, 2026, TPLS is down -1.27% year-to-date (YTD), while SCMB has lost -2.36%. That puts TPLS better performer ahead so far this year.
Which ETF is attracting more investor money: TPLS or SCMB?
Year-to-date, the TPLS ETF saw +$2M in flows, compared to +$1.12B for SCMB.
Which ETF is more volatile: TPLS or SCMB?
Over the past year, TPLS had a volatility of 3.95%, while SCMB experienced 3.39%.
Which ETF is bigger: TPLS or SCMB?
As of October 16, 2026, TPLS holds $20.38 M in assets under management (AUM), while SCMB manages $3.66 B.
What sectors do the TPLS and SCMB ETFs invest in?
TPLS leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, SCMB focuses on Municipal.
What are the top holdings of the TPLS ETF and SCMB ETF?
TPLS top holdings include USA, STRIPS 0% 15may2045, USD (10958D), USA, STRIPS 0% 15feb2056, USD (10955D) and Thornburg Capital Management Fund. 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: TPLS or SCMB?
TPLS holds 344 securities with 29.4% of its assets in the top 15. SCMB has 522 securities and a top 15 weight of 8.86%.
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