EVYM vs SCHD
EVYM vs SCHD
Eaton Vance High Income Municipal 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 | EVYM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.06% | |
| AUM | $58M | $103.7B | |
| Dividend Yield | 4.77% | 3.31% | |
| Holdings | 106 | 104 | |
| YTD Return | +3.10% | +24.26% | |
| 1Y Return | +9.77% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 5.3% | 13.6% | |
| Max Drawdown | -6.1% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Feb 25, 2025 | Oct 20, 2011 |
EVYM vs SCHD Performance
Eaton Vance High Income Municipal ETF (EVYM) 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 EVYM returned +9.77% while SCHD returned +31.38%. Year to date, EVYM is up 3.10% 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 5.3% for EVYM. 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 -6.1% for EVYM 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 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVYM charges 0.40% per year while SCHD charges 0.06%. On a $10,000 position that is $40 vs $6 annually, a gap of $34 per year that compounds over a long holding period. On income, EVYM currently yields 4.77% against 3.31% for SCHD.
Holdings Overlap
EVYM and SCHD share 0 holdings out of 135 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, EVYM or SCHD?
EVYM has an expense ratio of 0.40% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, EVYM or SCHD?
Over the past year EVYM returned +9.77% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), EVYM annualized +5.20% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, EVYM or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.3% for EVYM. Worst drawdown: EVYM -6.1% vs SCHD -33.4%.
Should I hold both EVYM and SCHD?
EVYM and SCHD have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVYM and SCHD?
EVYM and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 135 unique securities.
Which pays a higher dividend, EVYM or SCHD?
EVYM yields 4.77% while SCHD yields 3.31%, so EVYM currently pays the higher dividend yield.
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