BSMV vs SCHD
Invesco BulletShares 2031 Municipal Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. BSMV offers more diversification with 448 holdings.
Side-by-Side Comparison
| Metric | BSMV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $186M | $103.7B | |
| Dividend Yield | 2.90% | 3.31% | |
| Holdings | 1,457 | 104 | |
| YTD Return | +0.23% | +25.33% | |
| 1Y Return | +3.48% | +32.31% | |
| 3Y Return (annualized) | +2.90% | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 8.2% | 13.6% | |
| Max Drawdown | -20.7% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Sep 15, 2021 | Oct 20, 2011 |
BSMV vs SCHD Performance
Invesco BulletShares 2031 Municipal Bond ETF (BSMV) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BSMV returned +3.48% while SCHD returned +32.31%. Year to date, BSMV is up 0.23% versus a gain of 25.33% for SCHD.
Over three years, BSMV compounded at +2.90% per year against +15.40% for SCHD. Across the full 5-year window we track, SCHD has the edge at +11.45% annualized vs -0.79%. 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 8.2% for BSMV. 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 -20.7% for BSMV 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSMV charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, BSMV currently yields 2.90% against 3.31% for SCHD.
Holdings Overlap
BSMV and SCHD share 0 holdings out of 548 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, BSMV or SCHD?
BSMV has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, BSMV or SCHD?
Over the past year BSMV returned +3.48% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), BSMV annualized -0.79% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, BSMV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 8.2% for BSMV. Worst drawdown: BSMV -20.7% vs SCHD -33.4%.
Should I hold both BSMV and SCHD?
BSMV and SCHD have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSMV and SCHD?
BSMV and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 548 unique securities.
Which pays a higher dividend, BSMV or SCHD?
BSMV yields 2.90% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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