LMUB vs SCHD
iShares Long-Term National Muni Bond ETF vs Schwab US Dividend Equity ETF
Which is better, LMUB or SCHD?
Long Term Municipal Bond 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 | LMUB | SCHD |
|---|---|---|
| Expense Ratio | 0.09% | 0.06%Best |
| AUM | $1.6B | $112.1B |
| Dividend Yield | 3.90% | 3.00% |
| Holdings | 783 | 103 |
| YTD Return | -3.14% | +24.59%Best |
| 1Y Return | +0.41% | +28.14%Best |
| 3Y Return (annualized) | - | +15.58% |
| 5Y Return (annualized) | - | +9.90% |
| Volatility (annualized) | 6.0%Best | 14.0% |
| Max Drawdown | -6.1%Best | -13.0% |
| $10,000 over 1.5 years | $10,056 | $12,901Best |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | Long Term Municipal Bond | Large Cap Value |
| Inception | Mar 17, 2025 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 18, 2025 to Sep 10, 2026 (1.5 years).
LMUB 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 1.5 years both funds cover.
LMUB vs SCHD Performance
iShares Long-Term National Muni Bond ETF (LMUB) is an ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year LMUB returned +0.41% while SCHD returned +28.14%. Year to date, LMUB is down 3.14% versus a gain of 24.59% 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 14.0% compared with 6.0% 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 -6.1% for LMUB and -13.0% 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 0.17. They move largely independently of each other.
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 3.90% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 317 holdings in LMUB and 100 in SCHD, totalling 36.1% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 62 days apart, LMUB as of Jun 30, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 317 positions we hold weights for in LMUB and 100 in SCHD, against full books of 783 and 103.
You are not choosing between two funds in isolation.
Whichever of LMUB 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, LMUB or SCHD?
LMUB has an expense ratio of 0.09% while SCHD charges 0.06%. SCHD is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, LMUB or SCHD?
Over the past year LMUB returned +0.41% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), LMUB annualized +0.37% vs +18.51% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LMUB or SCHD?
SCHD has been the more volatile fund at 14.0% annualized versus 6.0% for LMUB. Worst drawdown: LMUB -6.1% vs SCHD -13.0%.
Should I hold both LMUB and SCHD?
LMUB and SCHD have a monthly-return correlation of 0.17, 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, LMUB or SCHD?
LMUB yields 3.90% while SCHD yields 3.00%, so LMUB currently pays the higher dividend yield.
Is SCHD better than LMUB?
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.