HYMB vs SCHD
State Street SPDR Nuveen ICE 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. HYMB offers more diversification with 1,800 holdings.
Side-by-Side Comparison
| Metric | HYMB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $3.1B | $103.7B | |
| Dividend Yield | 4.51% | 3.31% | |
| Holdings | 1,800 | 104 | |
| YTD Return | +2.60% | +26.21% | |
| 1Y Return | +7.45% | +29.99% | |
| 3Y Return (annualized) | +4.53% | +15.73% | |
| 5Y Return (annualized) | +0.03% | +9.67% | |
| Volatility (annualized) | 7.3% | 13.6% | |
| Max Drawdown | -29.8% | -33.4% | |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 13, 2011 | Oct 20, 2011 |
HYMB vs SCHD Performance
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) is a ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HYMB returned +7.45% while SCHD returned +29.99%. Year to date, HYMB is up 2.60% versus a gain of 26.21% for SCHD.
Over three years, HYMB compounded at +4.53% per year against +15.73% for SCHD; over five years the annualized figures are +0.03% and +9.67% respectively. Across the full 15-year window we track, SCHD has the edge at +11.50% annualized vs +1.40%. 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 7.3% for HYMB. 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 -29.8% for HYMB 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HYMB charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, HYMB currently yields 4.51% against 3.31% for SCHD.
Holdings Overlap
HYMB and SCHD share 0 holdings out of 1105 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, HYMB or SCHD?
HYMB has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, HYMB or SCHD?
Over the past year HYMB returned +7.45% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), HYMB annualized +1.40% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, HYMB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 7.3% for HYMB. Worst drawdown: HYMB -29.8% vs SCHD -33.4%.
Should I hold both HYMB and SCHD?
HYMB and SCHD have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYMB and SCHD?
HYMB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1105 unique securities.
Which pays a higher dividend, HYMB or SCHD?
HYMB yields 4.51% while SCHD yields 3.31%, so HYMB currently pays the higher dividend yield.
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