SCMB vs TXXI
Schwab Municipal Bond ETF vs BondBloxx IR+M Tax-Aware Intermediate Duration ETF
Which is better, SCMB or TXXI?
Nearly the same fund. SCMB costs less.
SCMB has a lower expense ratio. TXXI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCMB | TXXI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.35% |
| AUM | $3.1B | $38M |
| Dividend Yield | 3.74% | 3.64% |
| Holdings | 7,278 | 164 |
| YTD Return | -3.06% | -2.69%Best |
| 1Y Return | -2.05% | -1.88%Best |
| 3Y Return (annualized) | +2.76% | - |
| Volatility (annualized) | 4.9% | 4.5%Best |
| Max Drawdown | -6.7% | -5.9%Best |
| $10,000 over 1.6 years | $10,079 | $10,156Best |
| Fund Family | Charles Schwab Investment Mangement | BondBloxx |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Oct 11, 2022 | Mar 13, 2025 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 13, 2025 to Oct 14, 2026 (1.6 years).
SCMB vs TXXI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.6 years both funds cover.
SCMB vs TXXI Performance
Schwab Municipal Bond ETF (SCMB) is an ETF from Charles Schwab Investment Mangement and BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI) is an ETF from BondBloxx. Over the past year SCMB returned -2.05% while TXXI returned -1.88%. Year to date, SCMB is down 3.06% versus a loss of 2.69% for TXXI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCMB has been the more volatile fund, with annualized monthly volatility of 4.9% compared with 4.5% for TXXI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.7% for SCMB and -5.9% for TXXI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCMB charges 0.03% per year while TXXI charges 0.35%. On a $10,000 position that is $3 vs $35 annually, a gap of $32 per year that compounds over a long holding period. On income, SCMB currently yields 3.74% against 3.64% for TXXI.
Holdings Overlap
We hold position weights for 2,477 holdings in SCMB and 86 in TXXI, totalling 23.7% and 42.8% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 33 positions appear in both.
33 positions in common, counted across the 2,477 positions we hold weights for in SCMB and 86 in TXXI, against full books of 7,278 and 164.
Top Shared Holdings
| Stock | Weight in SCMB | Weight in TXXI | Difference |
|---|---|---|---|
| PA PHIUTL 5.25 09/01City Of Philadelphia Pa Water & Wastewater Revenue 5.25% 09/01/2049 | 0.01% | 1.49% | 1.48% |
| NY MTATRN 5 11/15/20Ny Met Transprtn Auth Rev 5.00% 2050-11-15 | 0.00% | 1.27% | 1.27% |
| NY NYCGEN 5.25 05/01New York City Transitional Finance Authority 0.0525 05/01/2055 | 0.00% | 1.26% | 1.26% |
| IL CHITRN 5 12/01/20Chicago Transit Authority Sales Tax Receipts Fund | 0.00% | 1.20% | 1.20% |
| MA MAS 5 05/01/2053Massachusetts St Go Consolidated Ln Bds 2023A 5.0 2053-05-01 | 0.09% | 1.07% | 0.98% |
| TX AUSPWR 5 11/15/20Austin Tex Elec Util Sys Rev 5% Nov 15, 2054 | 0.01% | 1.14% | 1.13% |
| TX GARSCD 5 02/15/20Garland Independent School District 5 02/15/2048 | 0.00% | 1.08% | 1.08% |
| IL CHITRN 5 01/01/20Chicago Ill O Hare Intl Arpt Rev 5.0% 01-Jan-2041 | 0.00% | 1.05% | 1.05% |
| NY NYSTRN 5 03/15/20New York St Thruway Auth Perso Nystrn 03/59 Fixed Oid 5 | 0.00% | 1.00% | 1.00% |
| TX TXSTRN 5 08/15/20Texas Transn Commn Cent Tex Tp 5% Aug 15, 2040 | 0.00% | 0.97% | 0.97% |
You are not choosing between two funds in isolation.
Whichever of SCMB and TXXI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCMB or TXXI?
SCMB has an expense ratio of 0.03% while TXXI charges 0.35%. SCMB is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, SCMB or TXXI?
Over the past year SCMB returned -2.05% vs -1.88% for TXXI, so TXXI leads on 1-year performance. Over the longest common window we track (2 years), SCMB annualized +0.49% vs +0.97% for TXXI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCMB or TXXI?
SCMB has been the more volatile fund at 4.9% annualized versus 4.5% for TXXI. Worst drawdown: SCMB -6.7% vs TXXI -5.9%.
Should I hold both SCMB and TXXI?
SCMB and TXXI have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SCMB or TXXI?
SCMB yields 3.74% while TXXI yields 3.64%, so SCMB currently pays the higher dividend yield.
Is TXXI better than SCMB?
SCMB has a lower expense ratio. TXXI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.