BHV vs SCHD
BlackRock Virginia Municipal Bond Trust vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. BHV delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | BHV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.60% | 0.06% | |
| AUM | $18M | $108.7B | |
| Dividend Yield | 5.11% | 3.13% | |
| Holdings | 43 | 104 | |
| YTD Return | +23.27% | +26.50% | |
| 1Y Return | +31.30% | +31.25% | |
| 3Y Return (annualized) | +12.33% | +16.34% | |
| 5Y Return (annualized) | -3.80% | +10.10% | |
| Volatility (annualized) | 16.7% | 13.6% | |
| Max Drawdown | -57.4% | -33.4% | |
| Fund Family | BlackRock, Inc. (US) | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 30, 2002 | Oct 20, 2011 |
BHV vs SCHD Performance
BlackRock Virginia Municipal Bond Trust (BHV) is a ETF from BlackRock, Inc. (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BHV returned +31.30% while SCHD returned +31.25%. Year to date, BHV is up 23.27% versus a gain of 26.50% for SCHD.
Over three years, BHV compounded at +12.33% per year against +16.34% for SCHD; over five years the annualized figures are -3.80% and +10.10% respectively. Across the full 15-year window we track, SCHD has the edge at +11.50% annualized vs +0.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BHV has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 13.6% for SCHD. 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 -57.4% for BHV 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BHV charges 2.60% per year while SCHD charges 0.06%. On a $10,000 position that is $260 vs $6 annually, a gap of $254 per year that compounds over a long holding period. On income, BHV currently yields 5.11% against 3.13% for SCHD.
Holdings Overlap
BHV and SCHD share 0 holdings out of 118 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, BHV or SCHD?
BHV has an expense ratio of 2.60% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $254 per year of difference.
Which performed better, BHV or SCHD?
Over the past year BHV returned +31.30% vs +31.25% for SCHD, so BHV leads on 1-year performance. Over the longest common window we track (15 years), BHV annualized +0.22% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, BHV or SCHD?
BHV has been the more volatile fund at 16.7% annualized versus 13.6% for SCHD. Worst drawdown: BHV -57.4% vs SCHD -33.4%.
Should I hold both BHV and SCHD?
BHV and SCHD have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BHV and SCHD?
BHV and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 118 unique securities.
Which pays a higher dividend, BHV or SCHD?
BHV yields 5.11% while SCHD yields 3.13%, so BHV currently pays the higher dividend yield.
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