HTAX vs SCHD
Nomura National High-Yield Municipal 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 | HTAX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.06% | |
| AUM | $58M | $103.7B | |
| Dividend Yield | 4.51% | 3.31% | |
| Holdings | 201 | 104 | |
| YTD Return | +3.56% | +24.26% | |
| 1Y Return | +9.45% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 6.1% | 13.6% | |
| Max Drawdown | -6.1% | -33.4% | |
| Fund Family | Nomura Asset Management Co Ltd | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 5, 2025 | Oct 20, 2011 |
HTAX vs SCHD Performance
Nomura National High-Yield Municipal Bond ETF (HTAX) is a ETF from Nomura Asset Management Co Ltd and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HTAX returned +9.45% while SCHD returned +31.38%. Year to date, HTAX is up 3.56% 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 6.1% for HTAX. 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 HTAX 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 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HTAX charges 0.49% per year while SCHD charges 0.06%. On a $10,000 position that is $49 vs $6 annually, a gap of $43 per year that compounds over a long holding period. On income, HTAX currently yields 4.51% against 3.31% for SCHD.
Holdings Overlap
HTAX and SCHD share 0 holdings out of 184 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, HTAX or SCHD?
HTAX has an expense ratio of 0.49% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $43 per year of difference.
Which performed better, HTAX or SCHD?
Over the past year HTAX returned +9.45% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), HTAX annualized +3.55% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, HTAX or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.1% for HTAX. Worst drawdown: HTAX -6.1% vs SCHD -33.4%.
Should I hold both HTAX and SCHD?
HTAX and SCHD have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HTAX and SCHD?
HTAX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 184 unique securities.
Which pays a higher dividend, HTAX or SCHD?
HTAX yields 4.51% while SCHD yields 3.31%, so HTAX currently pays the higher dividend yield.
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