CGMU vs SCMB
Capital Group Municipal Income ETF against Schwab Municipal Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
3%
184 shared positions
Fee gap
24 bp
SCMB is cheaper
1-year return gap
1.4 pts
CGMU is ahead
Larger fund
CGMU
$7.2B
Side by side
| CGMU | SCMB | |
|---|---|---|
| Fund | Capital Group Municipal Income ETF | Schwab Municipal Bond ETF |
| Issuer | Capital Group | Schwab |
| Category | National Muni | National Muni |
| Expense ratio | 0.27% | 0.03% |
| Assets | $7.2B | $4.0B |
| Average daily dollar volume | $95M | $157M |
| Listed | Oct 25, 2022 | Oct 11, 2022 |
| FrenzyCap score | 82 | 99 |
| 1-month return | −0.4% | −0.2% |
| 3-month return | −3.0% | −3.7% |
| Year to date | −3.8% | −5.0% |
| 1-year return | −4.0% | −5.4% |
| 30-day volatility | 5.7% | 7.1% |
| Worst drawdown, 1 year | −7.7% | −8.7% |
| Trailing 12-month yield | 3.51% | 3.75% |
| Holdings | 2,629 | 6,845 |
| Top 10 weight | 5.9% | 1.9% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$690M thru Jun 2026 | +$390M thru Jun 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Oct 19, 2026issuer data | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
8% of CGMU · 4% of SCMB| Holding | CGMU | SCMB |
|---|---|---|
| CALIFORNIA ST CAS 08/32 FIXED 5, due Aug 15, 2032 | 0.09% | 0.09% |
| NEW JERSEY ST TRANSPRTN TRUST NJSTRN 06/34 FIXED 5, due Jun 15, 2034 | 0.10% | 0.07% |
| OHIO ST UNIV OHSHGR 06/35 FIXED 5, due Jun 15, 2035 | 0.10% | 0.07% |
| LOS ANGELES CA DEPT OF WTR P LOSUTL 07/36 FIXED 5, due Jul 15, 2036 | 0.12% | 0.06% |
| NEW YORK NY NYC 02/42 FIXED 5, due Feb 15, 2042 | 0.06% | 0.06% |
| CHICAGO IL BRD OF EDU DEDICATE CHIEDU 04/46 FIXED OID 6, due Apr 15, 2046 | 0.08% | 0.05% |
| NEW YORK ST URBAN DEV CORP SAL NYSFAC 03/43 FIXED 4, due Mar 15, 2043 | 0.05% | 0.05% |
| ILLINOIS ST ILS 09/31 FIXED 5.25, due Sep 15, 2031 | 0.07% | 0.05% |
| NEW YORK CITY NY TRANSITIONAL NYCGEN 11/37 FIXED 5, due Nov 15, 2037 | 0.04% | 0.05% |
| NEW YORK NY NYC 10/41 FIXED 5, due Oct 15, 2041 | 0.05% | 0.04% |
| LOS ANGELES CA DEPT OF WTR P LOSUTL 07/28 FIXED 5, due Jul 15, 2028 | 0.07% | 0.04% |
| MASSACHUSETTS ST DEV FIN AGY R MASDEV 02/33 FIXED 5, due Feb 15, 2033 | 0.07% | 0.04% |
| NEW JERSEY ST NJS 06/29 FIXED 5, due Jun 15, 2029 | 0.04% | 0.05% |
| ILLINOIS ST ILS 05/41 FIXED 5, due May 15, 2041 | 0.10% | 0.03% |
| NEW YORK ST URBAN DEV CORP REV NYSDEV 03/40 FIXED 3, due Mar 15, 2040 | 0.03% | 0.03% |
| WASHINGTON ST WAS 08/30 FIXED 5, due Aug 15, 2030 | 0.03% | 0.04% |
| TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 11/42 FIXED 5, due Nov 15, 2042 | 0.03% | 0.09% |
| NEW YORK CITY NY TRANSITIONAL NYCGEN 05/36 FIXED 5, due May 15, 2036 | 0.07% | 0.03% |
| NEW YORK CITY NY TRANSITIONAL NYCGEN 11/41 FIXED 5, due Nov 15, 2041 | 0.03% | 0.14% |
| UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/40 FIXED 5.25, due May 15, 2040 | 0.04% | 0.03% |
| NEW JERSEY ST TURNPIKE AUTH TU NJSTRN 01/34 FIXED 5, due Jan 15, 2034 | 0.06% | 0.03% |
| DIST OF COLUMBIA DIS 06/33 FIXED 5, due Jun 15, 2033 | 0.04% | 0.03% |
| ALABAMA ST HIGHWAY AUTH SPL OB ALSOBL 09/41 FIXED 5, due Sep 15, 2041 | 0.03% | 0.03% |
| UTILITY DEBT SECURITIZATION AU UTLUTL 06/33 FIXED 5, due Jun 15, 2033 | 0.07% | 0.03% |
| NEW YORK CITY NY TRANSITIONAL NYCGEN 02/41 FIXED 5, due Feb 15, 2041 | 0.04% | 0.03% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CGMU holdings · SCMB holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.