FTNY vs SCHD
Franklin New York Municipal Income ETF vs Schwab US Dividend Equity ETF
Which is better, FTNY or SCHD?
Municipal New York against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y 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 | FTNY | SCHD |
|---|---|---|
| Expense Ratio | 0.36% | 0.06%Best |
| AUM | $605M | $119.9B |
| Dividend Yield | 3.75% | 2.96% |
| Holdings | 367 | 204 |
| YTD Return | -0.07% | +33.09%Best |
| 1Y Return | +0.29% | +37.17%Best |
| 3Y Return (annualized) | - | +20.32% |
| 5Y Return (annualized) | - | +10.36% |
| Volatility (annualized) | 7.3%Best | 15.9% |
| Max Drawdown | -8.4% | -6.9%Best |
| $10,000 over 1 years | $9,992 | $13,578Best |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | Municipal New York | Large Cap Value |
| Inception | Sep 2, 1983 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 27, 2025 to Nov 11, 2026 (1 years).
FTNY 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 covers the 1 years both funds cover.
FTNY vs SCHD Performance
Franklin New York Municipal Income ETF (FTNY) is an ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FTNY returned +0.29% while SCHD returned +37.17%. Year to date, FTNY is down 0.07% versus a gain of 33.09% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 7.3% for FTNY. 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 -8.4% for FTNY and -6.9% 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FTNY charges 0.36% per year while SCHD charges 0.06%. On a $10,000 position that is $36 vs $6 annually, a gap of $30 per year that compounds over a long holding period. On income, FTNY currently yields 3.75% against 2.96% for SCHD.
Holdings Overlap
We hold position weights for 19 holdings in FTNY and 98 in SCHD, totalling 22.1% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 19 positions we hold weights for in FTNY and 98 in SCHD, against full books of 367 and 204.
You are not choosing between two funds in isolation.
Whichever of FTNY 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, FTNY or SCHD?
FTNY has an expense ratio of 0.36% while SCHD charges 0.06%. SCHD is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, FTNY or SCHD?
Over the past year FTNY returned +0.29% vs +37.17% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), FTNY annualized -0.08% vs +35.78% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FTNY or SCHD?
SCHD has been the more volatile fund at 15.9% annualized versus 7.3% for FTNY. Worst drawdown: FTNY -8.4% vs SCHD -6.9%.
Should I hold both FTNY and SCHD?
FTNY and SCHD have a monthly-return correlation of 0.68, 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, FTNY or SCHD?
FTNY yields 3.75% while SCHD yields 2.96%, so FTNY currently pays the higher dividend yield.
Is SCHD better than FTNY?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.