AVMU vs SCHD
Avantis Core Municipal Fixed Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. AVMU offers more diversification with 301 holdings.
Side-by-Side Comparison
| Metric | AVMU | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $170M | $103.7B | |
| Dividend Yield | 3.49% | 3.31% | |
| Holdings | 506 | 104 | |
| YTD Return | +0.10% | +25.62% | |
| 1Y Return | +6.03% | +32.62% | |
| 3Y Return (annualized) | +2.94% | +15.58% | |
| 5Y Return (annualized) | +0.49% | +9.63% | |
| Volatility (annualized) | 6.0% | 13.6% | |
| Max Drawdown | -12.4% | -33.4% | |
| Fund Family | Avantis Investors | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 10, 2020 | Oct 20, 2011 |
AVMU vs SCHD Performance
Avantis Core Municipal Fixed Income ETF (AVMU) is a ETF from Avantis Investors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year AVMU returned +6.03% while SCHD returned +32.62%. Year to date, AVMU is up 0.10% versus a gain of 25.62% for SCHD.
Over three years, AVMU compounded at +2.94% per year against +15.58% for SCHD; over five years the annualized figures are +0.49% and +9.63% respectively. Across the full 6-year window we track, SCHD has the edge at +11.47% annualized vs +0.58%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 6.0% for AVMU. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.4% for AVMU and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVMU charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, AVMU currently yields 3.49% against 3.31% for SCHD.
Holdings Overlap
AVMU and SCHD share 0 holdings out of 401 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVMU or SCHD?
AVMU has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, AVMU or SCHD?
Over the past year AVMU returned +6.03% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), AVMU annualized +0.58% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, AVMU or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.0% for AVMU. Worst drawdown: AVMU -12.4% vs SCHD -33.4%.
Should I hold both AVMU and SCHD?
AVMU and SCHD have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVMU and SCHD?
AVMU and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 401 unique securities.
Which pays a higher dividend, AVMU or SCHD?
AVMU yields 3.49% while SCHD yields 3.31%, so AVMU currently pays the higher dividend yield.
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