FLMB vs SCHD
Franklin Municipal Green Bond 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 | FLMB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.06% | |
| AUM | $75M | $103.7B | |
| Dividend Yield | 3.61% | 3.31% | |
| Holdings | 90 | 104 | |
| YTD Return | +0.90% | +24.26% | |
| 1Y Return | +6.70% | +31.38% | |
| 3Y Return (annualized) | +3.94% | +15.08% | |
| 5Y Return (annualized) | +0.22% | +9.72% | |
| Volatility (annualized) | 6.7% | 13.6% | |
| Max Drawdown | -17.9% | -33.4% | |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Aug 31, 2017 | Oct 20, 2011 |
FLMB vs SCHD Performance
Franklin Municipal Green Bond ETF (FLMB) is a ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FLMB returned +6.70% while SCHD returned +31.38%. Year to date, FLMB is up 0.90% versus a gain of 24.26% for SCHD.
Over three years, FLMB compounded at +3.94% per year against +15.08% for SCHD; over five years the annualized figures are +0.22% and +9.72% respectively. Across the full 9-year window we track, SCHD has the edge at +11.39% annualized vs +1.28%. 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 6.7% for FLMB. 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 -17.9% for FLMB 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLMB charges 0.30% per year while SCHD charges 0.06%. On a $10,000 position that is $30 vs $6 annually, a gap of $24 per year that compounds over a long holding period. On income, FLMB currently yields 3.61% against 3.31% for SCHD.
Holdings Overlap
FLMB and SCHD share 0 holdings out of 131 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, FLMB or SCHD?
FLMB has an expense ratio of 0.30% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, FLMB or SCHD?
Over the past year FLMB returned +6.70% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), FLMB annualized +1.28% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FLMB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.7% for FLMB. Worst drawdown: FLMB -17.9% vs SCHD -33.4%.
Should I hold both FLMB and SCHD?
FLMB and SCHD have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLMB and SCHD?
FLMB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 131 unique securities.
Which pays a higher dividend, FLMB or SCHD?
FLMB yields 3.61% while SCHD yields 3.31%, so FLMB currently pays the higher dividend yield.
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