EVN vs SCHD
Eaton Vance Municipal Income Trust vs Schwab US Dividend Equity ETF
Which is better, EVN or SCHD?
Municipal Bond against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EVN | SCHD |
|---|---|---|
| Expense Ratio | 2.46% | 0.06%Best |
| AUM | $443M | $112.2B |
| Dividend Yield | 5.81% | 3.13% |
| Holdings | 237 | 103 |
| YTD Return | +3.16% | +27.56%Best |
| 1Y Return | +7.61% | +30.29%Best |
| 3Y Return (annualized) | +9.66% | +16.37%Best |
| 5Y Return (annualized) | -0.40% | +10.23%Best |
| Volatility (annualized) | 12.7%Best | 13.6% |
| Max Drawdown | -34.1% | -33.4%Best |
| $10,000 over 5 years | $9,802 | $16,274Best |
| Fund Family | Eaton Vance | Charles Schwab Asset Management |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Value |
| Inception | Jan 29, 1999 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 4, 2026 (14.9 years).
EVN vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
EVN vs SCHD Performance
Eaton Vance Municipal Income Trust (EVN) is an ETF from Eaton Vance and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year EVN returned +7.61% while SCHD returned +30.29%. Year to date, EVN is up 3.16% versus a gain of 27.56% for SCHD.
Over three years, EVN compounded at +9.66% per year against +16.37% for SCHD; over five years the annualized figures are -0.40% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.53% annualized vs +1.36%.
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 12.7% for EVN. 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 -34.1% for EVN and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.29. They move largely independently of each other.
Fees and Cost Over Time
EVN charges 2.46% per year while SCHD charges 0.06%. On a $10,000 position that is $246 vs $6 annually, a gap of $240 per year that compounds over a long holding period. On income, EVN currently yields 5.81% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 99 holdings in EVN and 100 in SCHD, totalling 66.5% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 160 days apart, EVN as of Feb 28, 2026 and SCHD as of Aug 7, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 99 positions we hold weights for in EVN and 100 in SCHD, against full books of 237 and 103.
You are not choosing between two funds in isolation.
Whichever of EVN and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EVN or SCHD?
EVN has an expense ratio of 2.46% while SCHD charges 0.06%. SCHD is the cheaper option, by $240 a year on a $10,000 investment.
Which performed better, EVN or SCHD?
Over the past year EVN returned +7.61% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EVN annualized +1.36% vs +11.53% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EVN or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.7% for EVN. Worst drawdown: EVN -34.1% vs SCHD -33.4%.
Should I hold both EVN and SCHD?
EVN and SCHD have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EVN or SCHD?
EVN yields 5.81% while SCHD yields 3.13%, so EVN currently pays the higher dividend yield.
Is SCHD better than EVN?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.