FMUB vs SCHD
Fidelity Municipal Bond Opportunities ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FMUB offers more diversification with 363 holdings.
Side-by-Side Comparison
| Metric | FMUB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.06% | |
| AUM | $220M | $103.7B | |
| Dividend Yield | 3.49% | 3.31% | |
| Holdings | 849 | 104 | |
| YTD Return | +1.55% | +25.62% | |
| 1Y Return | +5.54% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 3.5% | 13.6% | |
| Max Drawdown | -2.5% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 7, 2025 | Oct 20, 2011 |
FMUB vs SCHD Performance
Fidelity Municipal Bond Opportunities ETF (FMUB) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FMUB returned +5.54% while SCHD returned +32.62%. Year to date, FMUB is up 1.55% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.5% for FMUB. 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 -2.5% for FMUB 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 0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FMUB 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, FMUB currently yields 3.49% against 3.31% for SCHD.
Holdings Overlap
FMUB and SCHD share 0 holdings out of 463 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, FMUB or SCHD?
FMUB 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, FMUB or SCHD?
Over the past year FMUB returned +5.54% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), FMUB annualized +6.66% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, FMUB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.5% for FMUB. Worst drawdown: FMUB -2.5% vs SCHD -33.4%.
Should I hold both FMUB and SCHD?
FMUB and SCHD have a monthly-return correlation of 0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMUB and SCHD?
FMUB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 463 unique securities.
Which pays a higher dividend, FMUB or SCHD?
FMUB yields 3.49% while SCHD yields 3.31%, so FMUB currently pays the higher dividend yield.
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