BTT vs SCHD
BlackRock Municipal 2030 Target Term Trust vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. BTT offers more diversification with 557 holdings.
Side-by-Side Comparison
| Metric | BTT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.34% | 0.06% | |
| AUM | $1.6B | $108.7B | |
| Dividend Yield | 2.28% | 3.13% | |
| Holdings | 557 | 104 | |
| YTD Return | +0.84% | +26.54% | |
| 1Y Return | +4.26% | +30.90% | |
| 3Y Return (annualized) | +6.11% | +16.29% | |
| 5Y Return (annualized) | -0.16% | +9.65% | |
| Volatility (annualized) | 10.2% | 13.6% | |
| Max Drawdown | -35.0% | -33.4% | |
| Fund Family | BlackRock, Inc. (US) | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Aug 29, 2012 | Oct 20, 2011 |
BTT vs SCHD Performance
BlackRock Municipal 2030 Target Term Trust (BTT) 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 BTT returned +4.26% while SCHD returned +30.90%. Year to date, BTT is up 0.84% versus a gain of 26.54% for SCHD.
Over three years, BTT compounded at +6.11% per year against +16.29% for SCHD; over five years the annualized figures are -0.16% and +9.65% respectively. Across the full 14-year window we track, SCHD has the edge at +11.51% annualized vs +0.43%. 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 10.2% for BTT. 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 -35.0% for BTT 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BTT charges 1.34% per year while SCHD charges 0.06%. On a $10,000 position that is $134 vs $6 annually, a gap of $128 per year that compounds over a long holding period. On income, BTT currently yields 2.28% against 3.13% for SCHD.
Holdings Overlap
BTT and SCHD share 0 holdings out of 225 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, BTT or SCHD?
BTT has an expense ratio of 1.34% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $128 per year of difference.
Which performed better, BTT or SCHD?
Over the past year BTT returned +4.26% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (14 years), BTT annualized +0.43% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, BTT or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 10.2% for BTT. Worst drawdown: BTT -35.0% vs SCHD -33.4%.
Should I hold both BTT and SCHD?
BTT and SCHD have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BTT and SCHD?
BTT and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 225 unique securities.
Which pays a higher dividend, BTT or SCHD?
BTT yields 2.28% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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