DMB vs SCHD
BNY Mellon Municipal Bond Infrastructure Fund, Inc. vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD delivered stronger 1-year returns. DMB offers more diversification with 200 holdings.
Side-by-Side Comparison
| Metric | DMB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.06% | |
| AUM | $289M | $108.7B | |
| Dividend Yield | 4.51% | 3.13% | |
| Holdings | 200 | 104 | |
| YTD Return | +1.24% | +26.54% | |
| 1Y Return | +11.98% | +30.90% | |
| 3Y Return (annualized) | +3.56% | +16.29% | |
| 5Y Return (annualized) | -2.82% | +9.65% | |
| Volatility (annualized) | 15.7% | 13.6% | |
| Max Drawdown | -40.1% | -33.4% | |
| Fund Family | BNY Mellon Investment Management | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 26, 2013 | Oct 20, 2011 |
DMB vs SCHD Performance
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) is a ETF from BNY Mellon Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DMB returned +11.98% while SCHD returned +30.90%. Year to date, DMB is up 1.24% versus a gain of 26.54% for SCHD.
Over three years, DMB compounded at +3.56% per year against +16.29% for SCHD; over five years the annualized figures are -2.82% and +9.65% respectively. Across the full 13-year window we track, SCHD has the edge at +11.51% annualized vs -0.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DMB has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -40.1% for DMB 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
DMB and SCHD share 0 holdings out of 220 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, DMB or SCHD?
Over the past year DMB returned +11.98% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), DMB annualized -0.73% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, DMB or SCHD?
DMB has been the more volatile fund at 15.7% annualized versus 13.6% for SCHD. Worst drawdown: DMB -40.1% vs SCHD -33.4%.
Should I hold both DMB and SCHD?
DMB and SCHD have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMB and SCHD?
DMB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 220 unique securities.
Which pays a higher dividend, DMB or SCHD?
DMB yields 4.51% while SCHD yields 3.13%, so DMB currently pays the higher dividend yield.
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