BSMY vs SCHD
Invesco BulletShares 2034 Municipal Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. BSMY offers more diversification with 582 holdings.
Side-by-Side Comparison
| Metric | BSMY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $139M | $103.7B | |
| Dividend Yield | 3.49% | 3.31% | |
| Holdings | 1,859 | 104 | |
| YTD Return | +0.18% | +25.58% | |
| 1Y Return | +5.70% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 5.8% | 13.6% | |
| Max Drawdown | -6.8% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 11, 2024 | Oct 20, 2011 |
BSMY vs SCHD Performance
Invesco BulletShares 2034 Municipal Bond ETF (BSMY) 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 BSMY returned +5.70% while SCHD returned +31.06%. Year to date, BSMY is up 0.18% versus a gain of 25.58% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.8% for BSMY. 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 -6.8% for BSMY 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSMY 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, BSMY currently yields 3.49% against 3.31% for SCHD.
Holdings Overlap
BSMY and SCHD share 0 holdings out of 682 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, BSMY or SCHD?
BSMY 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, BSMY or SCHD?
Over the past year BSMY returned +5.70% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), BSMY annualized +1.18% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, BSMY or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.8% for BSMY. Worst drawdown: BSMY -6.8% vs SCHD -33.4%.
Should I hold both BSMY and SCHD?
BSMY and SCHD have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSMY and SCHD?
BSMY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 682 unique securities.
Which pays a higher dividend, BSMY or SCHD?
BSMY yields 3.49% while SCHD yields 3.31%, so BSMY currently pays the higher dividend yield.
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