LMUB vs SCHD
iShares Long-Term National Muni Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. LMUB offers more diversification with 299 holdings.
Side-by-Side Comparison
| Metric | LMUB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.06% | |
| AUM | $1.7B | $103.7B | |
| Dividend Yield | 3.75% | 3.31% | |
| Holdings | 652 | 104 | |
| YTD Return | +0.96% | +26.21% | |
| 1Y Return | +7.44% | +29.99% | |
| 3Y Return (annualized) | - | +15.73% | |
| 5Y Return (annualized) | - | +9.67% | |
| Volatility (annualized) | 5.5% | 13.6% | |
| Max Drawdown | -5.5% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 17, 2025 | Oct 20, 2011 |
LMUB vs SCHD Performance
iShares Long-Term National Muni Bond ETF (LMUB) 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 LMUB returned +7.44% while SCHD returned +29.99%. Year to date, LMUB is up 0.96% versus a gain of 26.21% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.5% for LMUB. 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 -5.5% for LMUB 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
LMUB charges 0.09% per year while SCHD charges 0.06%. On a $10,000 position that is $9 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, LMUB currently yields 3.75% against 3.31% for SCHD.
Holdings Overlap
LMUB and SCHD share 0 holdings out of 399 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, LMUB or SCHD?
LMUB has an expense ratio of 0.09% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, LMUB or SCHD?
Over the past year LMUB returned +7.44% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), LMUB annualized +3.40% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, LMUB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.5% for LMUB. Worst drawdown: LMUB -5.5% vs SCHD -33.4%.
Should I hold both LMUB and SCHD?
LMUB 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 LMUB and SCHD?
LMUB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 399 unique securities.
Which pays a higher dividend, LMUB or SCHD?
LMUB yields 3.75% while SCHD yields 3.31%, so LMUB currently pays the higher dividend yield.
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