WABFvsSCMBETF Comparison
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Western Asset Bond ETF (WABF) belongs to the US Aggregate Bonds segment. Schwab Municipal Bond ETF (SCMB) is part of the Municipal Bonds segment. WABF's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, SCMB's top sector exposures are Municipal. WABF is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.03% for SCMB. WABF is down -5.75% year-to-date (YTD) with -$4M in YTD flows. SCMB performs better with -2.44% YTD performance, and +$1.29B in YTD flows. Run a side-by-side ETF comparison of WABF 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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WABF vs SCMB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | WABF SCMB | -1.65%-0.29% | -3.64%-3.49% | -5.75%-2.44% | -6.85%-2.03% | +11.82%+11.04% | n/an/a |
| Flows | WABF SCMB | -$4M+$544M | -$4M+$4M | -$4M+$1.29B | -$4M+$1.59B | -$30M+$3.82B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | WABF SCMB | +4.71%+5.46% | +4.48%+3.40% | +5.62%+3.85% | n/an/a |
| Max drawdown | WABF SCMB | -4.67%-5.96% | -8.57%-6.81% | -8.57%-6.81% | n/an/a |
| Max drawdown duration | WABF SCMB | 91d91d | 232d106d | 232d106d | n/an/a |
Trading data
WABF | SCMB | |
Last sale 10/20/2026 at 1:30 PM | $23.78 | $24.47 |
| Previous close 10/19/2026 | $23.77 | $24.47 |
| Consolidated volume 10/19/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 21, 2026
1-year trailing difference
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WABF
is actively managed and doesn’t replicate an indexWABF | 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 10/20/2026 at 1:30 PM
Live
Closed
WABF | SCMB | |
|---|---|---|
| Last price | $23.78 | $24.47 |
| 1D performance | +0.03% | +0.00% |
| AuM | $11.88 M | $3.83 B |
| E/R | 0.35% | 0.03% |
Characteristics
WABF | SCMB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | Schwab ETFs |
| Benchmark | - | ICE AMT-Free Core U.S. National Municipal Index |
| N° of holdings | 348 | 302 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 19, 2023 | October 12, 2022 |
| ESG | No | No |
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Exposure
Countries
WABF
USA
44.94%
Other
55.06%
SCMB
USA
58.8%
Other
41.2%
Sectors
WABF
Sovereign
15.89%
Finance
9.54%
Other
74.58%
SCMB
Municipal
58.8%
Other
41.2%
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Diversification
WABF
Total weight of top 15 holdings out of 15
28.25%
SCMB
Total weight of top 15 holdings out of 15
8.86%
Top 15 holdings
Data as of August 31, 2026
WABF
USA, Notes 4.625% 30sep2030, USD (Q-2030)
11.68%
US3140QNCM26
1.63%
US3132D9FS84
1.55%
US03665MAJ09
1.40%
USA, Bonds 4.75% 15feb2041, USD
1.32%
US02009EAA47
1.20%
US3133KRV844
1.16%
XS3315388846
1.14%
US3140NDCS41
1.12%
HSBC Holdings plc, 4.762% 29mar2033, USD
1.10%
Mexico, 4.875% 19may2033, USD
1.07%
KazMunayGas, 3.5% 14apr2033, USD
1.02%
Naspers, 3.061% 13jul2031, USD
1.02%
US3140FXTT96
0.99%
US081925AD15
0.87%
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 WABF and SCMB
How have the WABF and SCMB ETFs performed in 2026?
As of October 19, 2026, WABF is down -5.75% year-to-date (YTD), while SCMB has lost -2.44%. That puts SCMB better performer ahead so far this year.
Which ETF is attracting more investor money: WABF or SCMB?
Year-to-date, the WABF ETF saw -$4M in flows, compared to +$1.29B for SCMB.
Which ETF is more volatile: WABF or SCMB?
Over the past year, WABF had a volatility of 4.48%, while SCMB experienced 3.4%.
Which ETF is bigger: WABF or SCMB?
As of October 19, 2026, WABF holds $11.88 M in assets under management (AUM), while SCMB manages $3.83 B.
What sectors do the WABF and SCMB ETFs invest in?
WABF leans toward sectors like Sovereign and Finance. Meanwhile, SCMB focuses on Municipal.
What are the top holdings of the WABF ETF and SCMB ETF?
WABF top holdings include USA, Notes 4.625% 30sep2030, USD (Q-2030), US3140QNCM26 and US3132D9FS84. 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: WABF or SCMB?
WABF holds 430 securities with 28.25% of its assets in the top 15. SCMB has 522 securities and a top 15 weight of 8.86%.
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