MMIN vs SCHD
NYLI MacKay Muni Insured ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. MMIN offers more diversification with 151 holdings.
Side-by-Side Comparison
| Metric | MMIN | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.06% | |
| AUM | $469M | $103.7B | |
| Dividend Yield | 4.43% | 3.31% | |
| Holdings | 397 | 104 | |
| YTD Return | +1.31% | +25.33% | |
| 1Y Return | +7.10% | +32.31% | |
| 3Y Return (annualized) | +3.90% | +15.40% | |
| 5Y Return (annualized) | +0.37% | +9.70% | |
| Volatility (annualized) | 6.3% | 13.6% | |
| Max Drawdown | -16.9% | -33.4% | |
| Fund Family | INDEXIQ ETF TRUST | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 18, 2017 | Oct 20, 2011 |
MMIN vs SCHD Performance
NYLI MacKay Muni Insured ETF (MMIN) is a ETF from INDEXIQ ETF TRUST and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MMIN returned +7.10% while SCHD returned +32.31%. Year to date, MMIN is up 1.31% versus a gain of 25.33% for SCHD.
Over three years, MMIN compounded at +3.90% per year against +15.40% for SCHD; over five years the annualized figures are +0.37% and +9.70% respectively. Across the full 9-year window we track, SCHD has the edge at +11.45% annualized vs +1.49%. 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 6.3% for MMIN. 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 -16.9% for MMIN 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MMIN charges 0.30% per year while SCHD charges 0.06%. On a $10,000 position that is $30 vs $6 annually, a gap of $24 per year that compounds over a long holding period. On income, MMIN currently yields 4.43% against 3.31% for SCHD.
Holdings Overlap
MMIN and SCHD share 0 holdings out of 251 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, MMIN or SCHD?
MMIN has an expense ratio of 0.30% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, MMIN or SCHD?
Over the past year MMIN returned +7.10% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), MMIN annualized +1.49% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, MMIN or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.3% for MMIN. Worst drawdown: MMIN -16.9% vs SCHD -33.4%.
Should I hold both MMIN and SCHD?
MMIN and SCHD have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MMIN and SCHD?
MMIN and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 251 unique securities.
Which pays a higher dividend, MMIN or SCHD?
MMIN yields 4.43% while SCHD yields 3.31%, so MMIN currently pays the higher dividend yield.
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