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FECM vs SCMB

First Eagle Core Municipal ETF

FECMCNYSE Arca

Schwab Municipal Bond ETF

SCMBANYSE Arca

Overlap

No data

Expense ratio

SCMB −0.22pt a year

FECM0.25%SCMB0.03%

Avg volume · 30D

SCMB 3155.4×the volume

FECM1.04KSCMB3.28M

FECM vs SCMB Performance

Jul 31, 2026 – Oct 30, 2026

−0.7%FECM−1.0%SCMB

Jul 31, 2026 to Oct 30, 2026. FECM −0.7%. SCMB −1.0%. Use the arrow keys to read each point.−5%−4%−3%−2%0%1%Jul 2026Sep 2026Oct 2026
Expense ratio
FECM 0.25%
SCMB 0.03%, better
Fund size
FECM $16M
SCMB $4.07B
1Y total return
FECM No data
SCMB −0.6%
Yield (12M)
FECM No data
SCMB 3.70%
Holdings
FECM 132
SCMB 8203
Avg volume (30D)
FECM 1.04K sh
SCMB 3.28M sh, better
NAV per share
FECM $24.33
SCMB $24.87
52W range

ETF.net Grade

FECM: Cost 70, Risk 39, Mission not scored, Tradability 13, Holdings 53, Durability 24. SCMB: Cost 99, Risk 57, Mission 96, Tradability 82, Holdings 81, Durability 72.
Pillar letters and Scores for FECM, SCMB, with each pillar’s weight
PillarFECMSCMB
Cost30% weightA70A99Higher
Mission25% weightNot scoredA96
Risk15% weightD39B57Higher
Tradability15% weightF13A82Higher
Holdings10% weightC53A81Higher
Durability5% weightF24A72Higher

Rank among Other Municipal Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FECM and SCMB are both graded against the same 63 Other Municipal Bond funds, so their Grades compare head to head.

Other Municipal Bond⁠

Category · 63 funds
See all 63 ›

SCMB ranks 2nd and FECM 53rd of 63 funds in the Other Municipal Bond Category.

  1. Rank 1AVTEBVanguard Tax-Exempt Bond ETFScore 88
  2. Rank 2AMUBiShares National Muni Bond ETFScore 86
  3. Rank 2ASCMBSchwab Municipal Bond ETFScore 86
  4. Rank 4AVCRMVanguard Core Tax-Exempt Bond EScore 85
  5. Rank 52CRJMIRJ Eagle Municipal Income ETFScore 48
  6. Rank 53CFECMFirst Eagle Core Municipal ETFScore 47
  7. Rank 54CRMCARockefeller California Municipal Bond ETFScore 43

Our read on each fund

ETF.net Research

FECMCFirst Eagle Core Municipal ETF

SCMBASchwab Municipal Bond ETF

In short

FECM No data

SCMB Schwab's take on the core muni sleeve: three basis points, thousands of AMT-free bonds from across the country, and a monthly distribution. Bottom-of-the-table pricing, no frills attached.

Stated mandate

FECM No data

SCMB The fund seeks to track, before fees and expenses, the total return of an index representing the U.S. AMT-free municipal bond market.

Why people hold it

FECM No data

  • SCMB Three basis points a year, against a 0.30% median for muni bond funds. Among the top-graded names in the category, only Vanguard's VTEB matches that fee.
  • Follows the ICE AMT-Free Core U.S. National Municipal Index across thousands of bonds and issuers, so no single borrower or state drives the portfolio.
  • Plain passive plumbing done well: it stays close to its index, trades actively, and pays monthly. One of the stronger implementations in the muni aisle.

Worth knowing

FECM No data

  • SCMB Launched in 2022, so its live record is shorter than muni staples like MUB and VTEB, even though the strategy is the same broad-market idea.
  • Bond math still applies. This is a portfolio of municipal bonds, so share prices move opposite to interest rates.
  • National in scope, not single-state like NYF, so it is not built around any one state's tax rules.

Full FECM profile⁠

Full SCMB profile⁠

FECM vs SCMB Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FECM vs SCMB Cost

Overpaying FECM vs SCMB

$4,521

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FECM 0.25%

    $5,159

  • SCMB 0.03%

    $638

$10,000
30 years

Cost over time

  • FECM 0.25%
  • SCMB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530FECM $5,159SCMB $638

Year by year

YearFECMSCMBOverpaying
10$455$55$400
20$1,769$216$1,553
30$5,159$638$4,521

Expense ratio

  • 0.25%FECM
  • 0.03%SCMB, cheaper
  • Middle half of Other Municipal Bond funds
  • Median 0.30%

SCMB cheapest of 63 funds

FECM 17th cheapest of 63 funds

FECM vs SCMB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FECM No data
SCMB 3.70%
Payout (12M)
FECM No data
SCMB $0.92
Last payment
FECM $0.09
SCMB $0.09
Ex-dividend
FECM Oct 1, 2026
SCMB Oct 1, 2026
Paid on
FECM Oct 5, 2026
SCMB Oct 7, 2026
Frequency
FECM Monthly
SCMB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FECMMonthly · 3 paymentsAll FECM payments⁠
One bar per payment. 3 payments from 2023 to 2026 YTD. Aug 4, 2026 $0.08; Sep 1, 2026 $0.09; Oct 1, 2026 $0.09. Use the arrow keys to read each point.$0$0.1020232026YTD
SCMBMonthly · 45 paymentsAll SCMB payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.06; Mar 1, 2023 $0.07; Apr 3, 2023 $0.07; May 1, 2023 $0.06; Jun 1, 2023 $0.06; Jul 3, 2023 $0.08; Aug 1, 2023 $0.06; Sep 1, 2023 $0.07; Oct 2, 2023 $0.07; Nov 1, 2023 $0.06; Dec 1, 2023 $0.08; Dec 15, 2023 $0.07; Feb 1, 2024 $0.07; Mar 1, 2024 $0.07; Apr 1, 2024 $0.07; May 1, 2024 $0.07; Jun 3, 2024 $0.08; Jul 1, 2024 $0.07; Aug 1, 2024 $0.07; Sep 3, 2024 $0.08; Oct 1, 2024 $0.07; Nov 1, 2024 $0.08; Dec 2, 2024 $0.07; Dec 20, 2024 $0.06; Feb 3, 2025 $0.08; Mar 3, 2025 $0.07; Apr 1, 2025 $0.06; May 1, 2025 $0.04; Jun 2, 2025 $0.08; Jul 1, 2025 $0.07; Aug 1, 2025 $0.08; Sep 2, 2025 $0.07; Oct 1, 2025 $0.08; Nov 3, 2025 $0.08; Dec 1, 2025 $0.07; Dec 19, 2025 $0.07; Feb 2, 2026 $0.07; Mar 2, 2026 $0.08; Apr 1, 2026 $0.08; May 1, 2026 $0.07; Jun 1, 2026 $0.07; Jul 1, 2026 $0.08; Aug 3, 2026 $0.08; Sep 1, 2026 $0.07; Oct 1, 2026 $0.09. Use the arrow keys to read each point.$0$0.1020232026YTD

FECM vs SCMB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FECM No dataSCMB 5.9%
Return per unit of riskSharpe ratio, 3 years
FECM No dataSCMB −0.04
Worst fallMax drawdown, 5 years
FECM No dataSCMB −6.7%since Oct 2022
Market sensitivityBeta, 5 years
FECM 0.00SCMB 0.96

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