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

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

Which is cheaper, SCMB or TFI?

SCMB is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.

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SCMB vs TFI: Differences, Returns & Fees

On Jun 30, 2026 SCMB's duration was 6.6 years and TFI's 6.0; SCMB charges 0.03% to TFI's 0.23%. Net assets: $4.0bn on Jun 30, 2026 for Schwab Municipal Bond ETF, and $2.8bn on Oct 8, 2026 for State Street SPDR Nuveen ICE Municipal Bond ETF.

SCMB costs 0.20 points a year less; both returned −2.7% over a year; SCMB is 1.3 times larger.

	SCMB	TFI
Expense ratio	0.03%	0.23%
Net assets, as of Jun 30, 2026	$4.0bn	$3.1bn
Total return, 1 year	−2.7%	−2.7%
What it tracks	not read by ETFIQ	ICE 1+ Year AMT-Free Broad Municipal Index ?
Holdings in common	8%
Below its high	5.8%, high on Jul 6, 2026	6.2%, high on Jul 19, 2021

Holdings in common uses holdings dated Jun 30, 2026.

−2.7%

SCMB total return, 1 year

−2.7%

TFI total return, 1 year

0.03%

SCMB expense ratio

0.23%

TFI expense ratio

What they hold in common

By the books each fund has filed, SCMB and TFI hold 8% 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.

50%

half

8% in common

Positions both hold, largest shared weight first

Holding SCMB TFI

City of New York, due Aug 1, 2029 0.20% 0.17%

University of California, due May 15, 2029 0.14% 0.12%

Empire State Development Corp., due Sep 15, 2028 0.11% 0.10%

State of California, due Mar 1, 2036 0.10% 0.16%

Private Colleges & Universities Authority, due Sep 1, 2033 0.14% 0.07%

NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE, due Mar 15, 2034 0.07% 0.09%

Curators of the University of Missouri, due Nov 1, 2030 0.07% 0.09%

MASSACHUSETTS ST DEV FIN AGY REVENUE, due Oct 1, 2038 0.07% 0.07%

New York City Municipal Water Finance Authority, due Jun 15, 2048 0.13% 0.07%

MASSACHUSETTS ST, due Apr 1, 2055 0.16% 0.07%

Triborough Bridge & Tunnel Authority Sales Tax Revenue, due May 15, 2059 0.07% 0.07%

California State Public Works Board, due Apr 1, 2038 0.09% 0.07%

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%

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%

NORTHWEST TX INDEP SCH DIST, due Feb 15, 2055 0.16%

Only in TFI

CALIFORNIA ST, due Nov 1, 2027 0.23%

WASHINGTON ST, due Feb 1, 2028 0.20%

MADISON WI, due Oct 1, 2032 0.20%

GEORGIA ST, due Jul 1, 2030 0.19%

OHIO ST, due Nov 1, 2034 0.18%

RICHMOND CNTY GA BRD OF EDU, due Oct 1, 2027 0.18%

ALAMEDA CNTY CA JT PWRS AUTH LEASE REVENUE, due Dec 1, 2030 0.18%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE, due May 1, 2054 0.17%

Check overlap with more funds →

On the same fields

SCMB

Schwab Municipal Bond ETF

TFI

State Street SPDR Nuveen ICE Municipal Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Schwab State Street

What it is Tracks an index Tracks an index

Total return, 1 year −2.7% −2.7%

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

Gap to the S&P 500 −20.0 pts −19.9 pts

Expense ratio 0.03% 0.23%

Holdings 6845 1990

Net assets, SCMB as of Jun 30, 2026 and TFI as of Oct 8, 2026 $4.0bn $2.8bn

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

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. It sat 5.8% below its high of Jul 6, 2026 on Oct 9, 2026.

TFI in plain words

TFI tracks an index. The prospectus expense ratio is 0.23% a year. It sat 6.2% below its high of Jul 19, 2021 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, SCMB or TFI?: In the year to Oct 9, 2026, with distributions reinvested, SCMB returned −2.7% and TFI −2.7%.
Which is cheaper, SCMB or TFI?: SCMB is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

SCMB vs TAFM FLMI vs SCMB SCMB vs VCRM JMUB vs SCMB JMUB vs TFI LMUB vs TFI TFI vs VTEB FLMI vs TFI

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

Where these figures came from

SCMB filings on SEC EDGAR ↗SCMB prospectus with the expense ratio (SEC) ↗Schwab website ↗TFI filings on SEC EDGAR ↗TFI prospectus with the expense ratio (SEC) ↗State Street 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, SCMB against TFI, data as of Oct 9, 2026. https://etfiq.com/compare/any/scmb-vs-tfi

Open data

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