Which returned more over the last year, FMB or SCMB?

In the year to Oct 9, 2026, with distributions reinvested, FMB returned −2.1% and SCMB −2.7%.

Which is cheaper, FMB or SCMB?

SCMB is cheaper, by 0.36 percentage points a year. That is about $36 on $10,000 held for a year. Fees come from each fund's prospectus.

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FMB vs SCMB: Differences, Returns & Fees

FMB's duration was 6.8 years on Jul 31, 2026 and SCMB's 6.6 on Jun 30, 2026; SCMB charges 0.03% to FMB's 0.39%. Net assets: $1.9bn on Oct 9, 2026 for First Trust Managed Municipal ETF, and $4.0bn on Jun 30, 2026 for Schwab Municipal Bond ETF.

SCMB costs 0.36 points a year less; their one-year returns differ by 0.6 points.

	FMB	SCMB
Expense ratio	0.39%	0.03%
Net assets, FMB as of Oct 9, 2026 and SCMB as of Jun 30, 2026	$1.9bn	$4.0bn
Total return, 1 year	−2.1%	−2.7%
What it tracks	No index, actively managed	not read by ETFIQ
Holdings in common	1%
Below its high	5.8%, high on Jul 6, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.

−2.1%

FMB total return, 1 year

−2.7%

SCMB total return, 1 year

0.39%

FMB expense ratio

0.03%

SCMB expense ratio

What they hold in common

By the books each fund has filed, FMB and SCMB hold 1% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

half

1% in common

Positions both hold, largest shared weight first

Holding FMB SCMB

IL ILS 5 11/01/2029, due Nov 1, 2029 0.22% 0.05%

TX NRTTRN 5.25 01/01/2038, due Jan 1, 2038 0.05% 0.06%

TX TXSTRN 5 08/15/2036, due Aug 15, 2036 0.11% 0.04%

AZ SALAGR 5 01/01/2051, due Jan 1, 2051 0.08% 0.04%

TX TXS 5 10/01/2043, due Oct 1, 2043 0.08% 0.04%

NJ NJSTRN 5 06/15/2045, due Jun 15, 2045 0.09% 0.04%

NY NYC 4 08/01/2040, due Aug 1, 2040 0.26% 0.03%

ID IDSGEN 5 08/15/2048, due Aug 15, 2048 0.10% 0.03%

NJ NJSTRN 5.25 06/15/2041, due Jun 15, 2041 0.05% 0.03%

AL JEFUTL 5.25 10/01/2040, due Oct 1, 2040 0.12% 0.03%

IL ILS 5.25 05/01/2038, due May 1, 2038 0.04% 0.03%

IL ILSTRN 5 01/01/2038, due Jan 1, 2038 0.03% 0.03%

Only in FMB

KY MEADEV 08/01/2061, due Aug 1, 2061 0.79%

GA MAIUTL 09/01/2052, due Sep 1, 2052 0.71%

AL BBEUTL 10/01/2052, due Oct 1, 2052 0.50%

NY NYCGEN 4 11/01/2037, due Nov 1, 2037 0.48%

AL ESDPWR 11/01/2053, due Nov 1, 2053 0.44%

TX TMGUTL 01/01/2054, due Jan 1, 2054 0.44%

TN TNSUTL 5 11/01/2034, due Nov 1, 2034 0.44%

GA ATLAPT 4 07/01/2037, due Jul 1, 2037 0.43%

Only in SCMB

Commonwealth of Massachusetts, due Nov 1, 2043 0.22%

Gwinnett County School District, due Feb 1, 2030 0.22%

Commonwealth of Pennsylvania, due Mar 1, 2036 0.21%

City of New York, due Aug 1, 2029 0.20%

State of California Department of Water Resources, due Dec 1, 2034 0.19%

State of Washington, due Feb 1, 2039 0.17%

State of California, due Sep 1, 2047 0.17%

New York City Municipal Water Finance Authority, due Jun 15, 2039 0.17%

Check overlap with more funds →

On the same fields

FMB

First Trust Managed Municipal ETF

SCMB

Schwab Municipal Bond ETF

Where it sits Bond ETF Bond ETF

Issuer First Trust Schwab

What it is Actively managed Tracks an index

Total return, 1 year −2.1% −2.7%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −19.4 pts −20.0 pts

Expense ratio 0.39% 0.03%

Holdings 1249 6845

Net assets, FMB as of Oct 9, 2026 and SCMB as of Jun 30, 2026 $1.9bn $4.0bn

FMB and SCMB on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

FMB in plain words

FMB is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −2.1% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 5.8% below its high of Jul 6, 2026 on Oct 9, 2026.

SCMB in plain words

SCMB tracks an index. Over the year to Oct 9, 2026 it returned −2.7% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, FMB or SCMB?: In the year to Oct 9, 2026, with distributions reinvested, FMB returned −2.1% and SCMB −2.7%.
Which is cheaper, FMB or SCMB?: SCMB is cheaper, by 0.36 percentage points a year. That is about $36 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FMB vs PZA FMB vs TFI FMB vs VCRM FMB vs JMUB SCMB vs VCRM SCMB vs TFI SCMB vs TAFM JMUB vs SCMB

FMB on its own →SCMB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

FMB filings on SEC EDGAR ↗FMB prospectus with the expense ratio (SEC) ↗First Trust page for FMB ↗SCMB filings on SEC EDGAR ↗SCMB prospectus with the expense ratio (SEC) ↗Schwab website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FMB against SCMB, data as of Oct 9, 2026. https://etfiq.com/compare/any/fmb-vs-scmb

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.