EOT vs SCHD
Eaton Vance National Municipal Opportunities Trust vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. EOT offers more diversification with 181 holdings.
Side-by-Side Comparison
| Metric | EOT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $281M | $108.7B | |
| Dividend Yield | 4.58% | 3.13% | |
| Holdings | 181 | 104 | |
| YTD Return | +5.96% | +26.54% | |
| 1Y Return | +12.89% | +30.90% | |
| 3Y Return (annualized) | +6.12% | +16.29% | |
| 5Y Return (annualized) | -1.39% | +9.65% | |
| Volatility (annualized) | 11.9% | 13.6% | |
| Max Drawdown | -33.9% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | May 27, 2009 | Oct 20, 2011 |
EOT vs SCHD Performance
Eaton Vance National Municipal Opportunities Trust (EOT) is a ETF from Eaton Vance and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EOT returned +12.89% while SCHD returned +30.90%. Year to date, EOT is up 5.96% versus a gain of 26.54% for SCHD.
Over three years, EOT compounded at +6.12% per year against +16.29% for SCHD; over five years the annualized figures are -1.39% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs +0.62%. 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 11.9% for EOT. 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 -33.9% for EOT 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 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EOT charges 0.79% per year while SCHD charges 0.06%. On a $10,000 position that is $79 vs $6 annually, a gap of $73 per year that compounds over a long holding period. On income, EOT currently yields 4.58% against 3.13% for SCHD.
Holdings Overlap
EOT and SCHD share 0 holdings out of 185 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, EOT or SCHD?
EOT has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, EOT or SCHD?
Over the past year EOT returned +12.89% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EOT annualized +0.62% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, EOT or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 11.9% for EOT. Worst drawdown: EOT -33.9% vs SCHD -33.4%.
Should I hold both EOT and SCHD?
EOT and SCHD have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EOT and SCHD?
EOT and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 185 unique securities.
Which pays a higher dividend, EOT or SCHD?
EOT yields 4.58% while SCHD yields 3.13%, so EOT currently pays the higher dividend yield.
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