MPA vs SCHD
MPA vs SCHD
BlackRock MuniYield Pennsylvania Quality Fund 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 | MPA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.48% | 0.06% | |
| AUM | $156M | $103.7B | |
| Dividend Yield | 5.32% | 3.31% | |
| Holdings | 165 | 104 | |
| YTD Return | +2.86% | +24.26% | |
| 1Y Return | +8.57% | +31.38% | |
| 3Y Return (annualized) | +5.21% | +15.08% | |
| 5Y Return (annualized) | -2.25% | +9.72% | |
| Volatility (annualized) | 12.8% | 13.6% | |
| Max Drawdown | -54.5% | -33.4% | |
| Fund Family | BlackRock, Inc. (US) | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 30, 1992 | Oct 20, 2011 |
MPA vs SCHD Performance
BlackRock MuniYield Pennsylvania Quality Fund (MPA) is a ETF from BlackRock, Inc. (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MPA returned +8.57% while SCHD returned +31.38%. Year to date, MPA is up 2.86% versus a gain of 24.26% for SCHD.
Over three years, MPA compounded at +5.21% per year against +15.08% for SCHD; over five years the annualized figures are -2.25% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +0.19%. 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 12.8% for MPA. 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 -54.5% for MPA 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MPA charges 1.48% per year while SCHD charges 0.06%. On a $10,000 position that is $148 vs $6 annually, a gap of $142 per year that compounds over a long holding period. On income, MPA currently yields 5.32% against 3.31% for SCHD.
Holdings Overlap
MPA and SCHD share 0 holdings out of 154 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, MPA or SCHD?
MPA has an expense ratio of 1.48% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $142 per year of difference.
Which performed better, MPA or SCHD?
Over the past year MPA returned +8.57% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), MPA annualized +0.19% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, MPA or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.8% for MPA. Worst drawdown: MPA -54.5% vs SCHD -33.4%.
Should I hold both MPA and SCHD?
MPA and SCHD have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MPA and SCHD?
MPA and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 154 unique securities.
Which pays a higher dividend, MPA or SCHD?
MPA yields 5.32% while SCHD yields 3.31%, so MPA currently pays the higher dividend yield.
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