EVSM vs SCHD
Eaton Vance Short Duration 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 | EVSM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.06% | |
| AUM | $783M | $103.7B | |
| Dividend Yield | 2.99% | 3.31% | |
| Holdings | 359 | 104 | |
| YTD Return | +1.43% | +24.26% | |
| 1Y Return | +2.94% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 1.4% | 13.6% | |
| Max Drawdown | -1.5% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Mar 25, 2024 | Oct 20, 2011 |
EVSM vs SCHD Performance
Eaton Vance Short Duration Municipal Income ETF (EVSM) 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 EVSM returned +2.94% while SCHD returned +31.38%. Year to date, EVSM is up 1.43% 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 1.4% for EVSM. 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 -1.5% for EVSM 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVSM charges 0.19% per year while SCHD charges 0.06%. On a $10,000 position that is $19 vs $6 annually, a gap of $13 per year that compounds over a long holding period. On income, EVSM currently yields 2.99% against 3.31% for SCHD.
Holdings Overlap
EVSM and SCHD share 0 holdings out of 198 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, EVSM or SCHD?
EVSM has an expense ratio of 0.19% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, EVSM or SCHD?
Over the past year EVSM returned +2.94% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), EVSM annualized +3.47% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, EVSM or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 1.4% for EVSM. Worst drawdown: EVSM -1.5% vs SCHD -33.4%.
Should I hold both EVSM and SCHD?
EVSM and SCHD have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVSM and SCHD?
EVSM and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 198 unique securities.
Which pays a higher dividend, EVSM or SCHD?
EVSM yields 2.99% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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