EVIM vs SCHD
Eaton Vance Intermediate Municipal Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | EVIM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.11% | 0.06% | |
| AUM | $268M | $103.7B | |
| Dividend Yield | 3.50% | 3.31% | |
| Holdings | 264 | 104 | |
| YTD Return | +1.23% | +24.26% | |
| 1Y Return | +6.05% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 4.6% | 13.6% | |
| Max Drawdown | -4.2% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 16, 2023 | Oct 20, 2011 |
EVIM vs SCHD Performance
Eaton Vance Intermediate Municipal Income ETF (EVIM) 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 EVIM returned +6.05% while SCHD returned +31.38%. Year to date, EVIM is up 1.23% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.6% for EVIM. 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 -4.2% for EVIM 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVIM charges 0.11% per year while SCHD charges 0.06%. On a $10,000 position that is $11 vs $6 annually, a gap of $5 per year that compounds over a long holding period. On income, EVIM currently yields 3.50% against 3.31% for SCHD.
Holdings Overlap
EVIM and SCHD share 0 holdings out of 177 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, EVIM or SCHD?
EVIM has an expense ratio of 0.11% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, EVIM or SCHD?
Over the past year EVIM returned +6.05% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), EVIM annualized +5.67% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, EVIM or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.6% for EVIM. Worst drawdown: EVIM -4.2% vs SCHD -33.4%.
Should I hold both EVIM and SCHD?
EVIM and SCHD have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVIM and SCHD?
EVIM and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 177 unique securities.
Which pays a higher dividend, EVIM or SCHD?
EVIM yields 3.50% while SCHD yields 3.31%, so EVIM currently pays the higher dividend yield.
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