HIMU vs SCHD
iShares High Yield Muni Active ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. HIMU offers more diversification with 216 holdings.
Side-by-Side Comparison
| Metric | HIMU | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.06% | |
| AUM | $2.4B | $103.7B | |
| Dividend Yield | 5.08% | 3.31% | |
| Holdings | 909 | 104 | |
| YTD Return | -0.23% | +25.33% | |
| 1Y Return | +3.71% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 5.9% | 13.6% | |
| Max Drawdown | -8.0% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 7, 2025 | Oct 20, 2011 |
HIMU vs SCHD Performance
iShares High Yield Muni Active ETF (HIMU) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HIMU returned +3.71% while SCHD returned +32.31%. Year to date, HIMU is down 0.23% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.9% for HIMU. 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 -8.0% for HIMU 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HIMU charges 0.42% per year while SCHD charges 0.06%. On a $10,000 position that is $42 vs $6 annually, a gap of $36 per year that compounds over a long holding period. On income, HIMU currently yields 5.08% against 3.31% for SCHD.
Holdings Overlap
HIMU and SCHD share 0 holdings out of 316 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, HIMU or SCHD?
HIMU has an expense ratio of 0.42% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, HIMU or SCHD?
Over the past year HIMU returned +3.71% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), HIMU annualized +0.34% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, HIMU or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.9% for HIMU. Worst drawdown: HIMU -8.0% vs SCHD -33.4%.
Should I hold both HIMU and SCHD?
HIMU and SCHD have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HIMU and SCHD?
HIMU and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 316 unique securities.
Which pays a higher dividend, HIMU or SCHD?
HIMU yields 5.08% while SCHD yields 3.31%, so HIMU currently pays the higher dividend yield.
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