# Portfolio overlap — SCMB vs MUB Comparing **Schwab Municipal Bond ETF** (2026-03-31) and **iShares National Muni Bond ETF** (2026-02-28). - Shared positions: 2197 - Schwab Municipal Bond ETF covered by iShares National Muni Bond ETF: 0.2091602609442129199926621187 - iShares National Muni Bond ETF covered by Schwab Municipal Bond ETF: 0.2091602609442129199926621188 ## Schwab Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | NEW YORK NY | 0.002702 | | | MASSACHUSETTS ST | 0.002519 | | | Gwinnett County School District, Series 2025, GO Bonds | 0.002481 | | | NEW YORK-G-G-1 | 0.002406 | | | PENNSYLVANIA ST-1ST | 0.002368 | | | NASHVILLE& DAVIDSON-A | 0.002365 | ✓ | | NEW YORK NY | 0.002249 | ✓ | | NYC TRANSITIONAL-F-1 | 0.002226 | ✓ | | State of California Department of Water Resources | 0.002192 | | | State of Oregon Department of Transportation, Series 2024A | 0.002113 | ✓ | | NYC TRANSITIONAL-S-1A | 0.002043 | | | GWINNETT GA SD 5% 2/1/2032 | 0.002013 | | | LOS ANGELES UNIF SD-A | 0.001979 | | | WASHING ST -C | 0.001973 | | | Pennsylvania Turnpike Commission, Series 2023-1 | 0.001935 | ✓ | | NEW YORK CITY NY MUNI | 0.001919 | | | State of California | 0.001914 | ✓ | | Louisville & Jefferson County Metropolitan Sewer District, Series 2024A | 0.001913 | ✓ | | MASSACHUSETTS ST | 0.001827 | ✓ | | MASSACHUSETTS ST DEV FIN AGY R REGD N/C B/E 5.00000000 | 0.001798 | ✓ | | Washington (State of), Series 2018 C, GO Bonds | 0.001747 | ✓ | | State of Maryland, Series 2023A | 0.001726 | ✓ | | IN FIN REV 5% 2/1/2039 | 0.001706 | | | NYC NY 5% 8/1/2034 | 0.001697 | | | NORTHWEST TX INDEP SCH DIST REGD B/E PSF-GTD 5.00000000 | 0.001695 | | | STATE OF CALIFORNIA 5.0% 04-01-49 | 0.001695 | ✓ | | MTA HUDSON RAIL YRD-A | 0.001687 | | | State of Connecticut 4.00% 01/15/2035 | 0.001663 | | | STATE OF CALIFORNIA 5.0% 09-01-31 | 0.001652 | ✓ | | UNIV CA REGENTS-CE | 0.001643 | | | NY STATE UR D 5% 3/15/2036 | 0.001631 | ✓ | | NEW YORK ST DORM AUTH SALES TAX REVENUE | 0.001612 | | | Highland Park Independent School District, Series 2024 | 0.001612 | ✓ | | PRIV CLGS & UNIVS AUTH GA | 0.001611 | ✓ | | NYC WTR 5.25% 6/15/55 | 0.001611 | ✓ | | County of Wake, Series 2023A | 0.001608 | ✓ | | ILLINOIS FN RV 5% 4/1/2034 | 0.001604 | ✓ | | NYC TRANSITIONAL-E-1 | 0.001595 | | | City of Alexandria | 0.001587 | | | MA ST-A | 0.001572 | ✓ | | State of California, Series 2024 | 0.001565 | ✓ | | State of Connecticut | 0.001548 | | | UNIV OF CA REGENTS-BQ | 0.001545 | | | WA ST-SER R-2023A-REF | 0.001545 | ✓ | | OH TPK 5% 2/15/2046 | 0.001538 | | | Chicago Transit Authority, Series A | 0.001525 | ✓ | | NEW YORK-D | 0.001519 | | | GREAT LAKES WTR 5.25% 7/1/2047 | 0.001515 | ✓ | | WILLIAMSON CO-NTS | 0.001512 | | | Texas Water Development Board, Series 2020 | 0.001512 | | ## iShares National Muni Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | BLKR-LI MUNI-INS | 0.005650 | | | UNIV OF TEXAS TX UNIV REVENUES UNIHGR 08/36 FIXED 5 | 0.002093 | | | Connecticut State Health & Educational Facilities Authority, Series 2017C-4 | 0.001976 | | | City of Atlanta Water & Wastewater, Series 2015 | 0.001913 | ✓ | | TX NWTSCD 5.25 02/15/2055 | 0.001615 | | | NYS TWY PIT 5% 3/15/2048 | 0.001610 | ✓ | | HOUSTON TX HGR EDU FIN CORP REGD N/C B/E 5.00000000 | 0.001509 | ✓ | | NY ST DORM AUTH PIT 20D SF 4.0% 02-15-47 | 0.001411 | ✓ | | OHIO ST UNIV REGD N/C B/E 5.00000000 | 0.001392 | ✓ | | STATE OF CALIFORNIA 5.0% 09-01-31 | 0.001342 | ✓ | | State of New Jersey, Series 2020A | 0.001334 | ✓ | | WASHINGTON ST-R-2022 | 0.001311 | | | Pennsylvania Turnpike Commission, Series 2019-2 | 0.001226 | | | Chicago Transit Authority, Series A | 0.001199 | ✓ | | NJ EDUCTNL FACS AUTH | 0.001180 | ✓ | | Washoe County School District, Series 2017C | 0.001179 | | | NJ NJSEDU 07/01/2064 | 0.001176 | | | E CO AWP JT PWRS-A-1 | 0.001173 | ✓ | | STATE OF CALIFORNIA 5.0% 10-01-36 | 0.001156 | ✓ | | State of Illinois, Series D | 0.001150 | ✓ | | MASSACHUSETTS ST-B | 0.001136 | | | District of Columbia, Series 2025A | 0.001128 | | | NYC WTR 5.25% 6/15/2047 | 0.001090 | | | MA ST 5% 11/1/52 | 0.001089 | ✓ | | NEW YORK NY | 0.001084 | | | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE | 0.001038 | ✓ | | San Diego Unified School District, Series 2020D-2 | 0.001035 | | | Colorado Springs (City of), CO, Series 2024 A, RB | 0.001027 | | | Triborough Bridge & Tunnel Authority, Series 2024A | 0.000973 | | | NJ TRN FD CAB-SER C | 0.000971 | ✓ | | Los Angeles Unified School District, Series 2020 RYQ, GO Bonds | 0.000968 | ✓ | | UNIV OF CA REGENTS | 0.000959 | | | NY ST UDC PIT REV 20A SF 4.0% 03-15-49 | 0.000956 | ✓ | | NYC WTR 5% 6/15/48 | 0.000943 | | | PENNSYLVANIA CMWLTH | 0.000942 | | | TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 05/51 FIXED 5 | 0.000941 | ✓ | | New York State Thruway Authority, Series 2021A-1 | 0.000935 | | | NY ST THRWY AUTH | 0.000934 | ✓ | | OH WTR DEV AUTH-C | 0.000932 | ✓ | | State of Maryland, Series 2023A | 0.000925 | ✓ | | Metropolitan Government of Nashville & Davidson County, Series 2024B | 0.000924 | ✓ | | New York State Thruway Authority, Series 2025A | 0.000923 | | | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Variable Rate Series 2020 | 0.000913 | | | Maryland (State of) Stadium Authority (Baltimore City Public Schools), Series 2016, RB | 0.000905 | ✓ | | New Orleans, Louisiana, General Obligation Bonds, Public Improvement Series 2024A | 0.000894 | | | MA ST-A | 0.000888 | ✓ | | MBTA SLS TAX 5.25% 7/1/2052 | 0.000882 | ✓ | | UNIV OF CA REGENTS | 0.000881 | | | PROSPER TX INDEP SCH DIST REGD OID B/E PSF-GTD 4.00000000 | 0.000879 | | | Ector County, Texas, Certificates of Obligation, Series 2024 | 0.000871 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-050059` (as of 2026-03-31) - N-PORT (fund B) — accession `0002071691-26-008205` (as of 2026-02-28) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _