MBNE vs SCHD
State Street Nuveen Municipal Bond ESG 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 | MBNE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.43% | 0.06% | |
| AUM | $9M | $103.7B | |
| Dividend Yield | 3.50% | 3.31% | |
| Holdings | 37 | 104 | |
| YTD Return | -0.17% | +25.62% | |
| 1Y Return | +3.79% | +32.62% | |
| 3Y Return (annualized) | +2.37% | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 5.5% | 13.6% | |
| Max Drawdown | -6.2% | -33.4% | |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Apr 4, 2022 | Oct 20, 2011 |
MBNE vs SCHD Performance
State Street Nuveen Municipal Bond ESG ETF (MBNE) 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 MBNE returned +3.79% while SCHD returned +32.62%. Year to date, MBNE is down 0.17% versus a gain of 25.62% for SCHD.
Over three years, MBNE compounded at +2.37% per year against +15.58% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.47% annualized vs +2.09%. 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 5.5% for MBNE. 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 -6.2% for MBNE 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MBNE charges 0.43% per year while SCHD charges 0.06%. On a $10,000 position that is $43 vs $6 annually, a gap of $37 per year that compounds over a long holding period. On income, MBNE currently yields 3.50% against 3.31% for SCHD.
Holdings Overlap
MBNE and SCHD share 0 holdings out of 108 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, MBNE or SCHD?
MBNE has an expense ratio of 0.43% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, MBNE or SCHD?
Over the past year MBNE returned +3.79% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), MBNE annualized +2.09% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, MBNE or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.5% for MBNE. Worst drawdown: MBNE -6.2% vs SCHD -33.4%.
Should I hold both MBNE and SCHD?
MBNE and SCHD have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MBNE and SCHD?
MBNE and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, MBNE or SCHD?
MBNE yields 3.50% while SCHD yields 3.31%, so MBNE currently pays the higher dividend yield.
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