MINO vs SCHD
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. MINO offers more diversification with 228 holdings.
Side-by-Side Comparison
| Metric | MINO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.06% | |
| AUM | $726M | $103.7B | |
| Dividend Yield | 3.87% | 3.31% | |
| Holdings | 425 | 104 | |
| YTD Return | +1.12% | +25.62% | |
| 1Y Return | +6.04% | +32.62% | |
| 3Y Return (annualized) | +4.39% | +15.58% | |
| 5Y Return (annualized) | +1.24% | +9.63% | |
| Volatility (annualized) | 6.6% | 13.6% | |
| Max Drawdown | -15.2% | -33.4% | |
| Fund Family | PIMCO (US) | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Sep 8, 2021 | Oct 20, 2011 |
MINO vs SCHD Performance
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is a ETF from PIMCO (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MINO returned +6.04% while SCHD returned +32.62%. Year to date, MINO is up 1.12% versus a gain of 25.62% for SCHD.
Over three years, MINO compounded at +4.39% per year against +15.58% for SCHD; over five years the annualized figures are +1.24% and +9.63% respectively. Across the full 5-year window we track, SCHD has the edge at +11.47% annualized vs +1.24%. 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 6.6% for MINO. 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 -15.2% for MINO 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MINO charges 0.39% per year while SCHD charges 0.06%. On a $10,000 position that is $39 vs $6 annually, a gap of $33 per year that compounds over a long holding period. On income, MINO currently yields 3.87% against 3.31% for SCHD.
Holdings Overlap
MINO and SCHD share 0 holdings out of 328 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, MINO or SCHD?
MINO has an expense ratio of 0.39% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, MINO or SCHD?
Over the past year MINO returned +6.04% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), MINO annualized +1.24% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, MINO or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.6% for MINO. Worst drawdown: MINO -15.2% vs SCHD -33.4%.
Should I hold both MINO and SCHD?
MINO and SCHD have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MINO and SCHD?
MINO and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 328 unique securities.
Which pays a higher dividend, MINO or SCHD?
MINO yields 3.87% while SCHD yields 3.31%, so MINO currently pays the higher dividend yield.
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