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ETF comparison

MUNI vs SCMB

Both US Municipal Bond.

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund · Schwab Municipal Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
1.1 %

63 positions appear in both funds. Buying equal dollars of MUNI and SCMB would leave roughly 1.1% of each dollar exposed to the same underlying securities.

MUNI unmatched 97.6% Shared 1.1% SCMB unmatched 97.9%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In MUNI only
583 positions
Shared
63 positions
In SCMB only
6,782 positions

Side by side

MUNI

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund

PIMCO · US Municipal Bond

79 composite / 100
Expense ratio
0.35%
Net assets
$3.09B
TTM yield
3.38%
Top-10 conc.
10.7%
SCMB

Schwab Municipal Bond ETF

Schwab · US Municipal Bond

92 composite / 100
Expense ratio
0.030%
Net assets
$3.07B
TTM yield
3.72%
Top-10 conc.
1.9%

Sub-score comparison

65
Cost
97
93
Tax efficiency
93
78
Liquidity
78
99
Concentration
100
—
Tracking quality
—
MUNI sub-score SCMB

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SCMB is 32 bps cheaper than MUNI. On a $100,000 position that's about $320/yr more in fees for MUNI.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with MUNI vs SCMB.

Top shared holdings

63 shared in total
# Holding In MUNI In SCMB Overlap
1 New York City Transitional Finance Authority Future Tax Secured Revenue 0.15% 0.11% 0.11%
2 Board of Regents of the University of Texas System 0.37% 0.09% 0.09%
3 City of New York NY 0.16% 0.08% 0.08%
4 Texas Water Development Board 0.28% 0.05% 0.05%
5 City of Phoenix Civic Improvement Corp 0.27% 0.05% 0.05%
6 State of California 0.10% 0.04% 0.04%
7 New York City Transitional Finance Authority Building Aid Revenue 0.05% 0.04% 0.04%
8 Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue 0.11% 0.03% 0.03%
9 State of Connecticut Special Tax Revenue 0.26% 0.03% 0.03%
10 Energy Northwest 0.29% 0.03% 0.03%
11 City of San Antonio TX Electric & Gas Systems Revenue 0.11% 0.03% 0.03%
12 South Carolina Public Service Authority 0.10% 0.03% 0.03%

Only in MUNI

583 total
  • United States Treasury 2.20%
  • United States Treasury 1.78%
  • United States Treasury 1.16%
  • United States Treasury 0.86%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.81%
  • Connecticut State Health & Educational Facilities Authority 0.81%
  • Black Belt Energy Gas District 0.81%
  • Texas Municipal Gas Acquisition & Supply Corp V 0.80%
  • Fort Bend Independent School District 0.79%
  • FHLMC Multifamily VRD Certificates 0.71%

Only in SCMB

6,782 total
  • Commonwealth of Massachusetts 0.22%
  • Gwinnett County School District 0.22%
  • Commonwealth of Pennsylvania 0.21%
  • City of New York NY 0.20%
  • State of California Department of Water Resources 0.19%
  • State of Washington 0.17%
  • State of California 0.17%
  • New York City Municipal Water Finance Authority 0.17%
  • Northwest Independent School District 0.16%
  • Commonwealth of Massachusetts 0.16%

Related comparisons

More comparisons with MUNI

More comparisons with SCMB

Percentages are holdings overlap with the named fund.

Open MUNI or SCMB at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.