MTBA vs SCHD
Simplify MBS 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 | MTBA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $1.5B | $103.7B | |
| Dividend Yield | 5.57% | 3.31% | |
| Holdings | 8 | 104 | |
| YTD Return | -0.23% | +25.62% | |
| 1Y Return | +2.44% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 3.8% | 13.6% | |
| Max Drawdown | -3.5% | -33.4% | |
| Fund Family | Simplify Exchange Traded Funds | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 6, 2023 | Oct 20, 2011 |
MTBA vs SCHD Performance
Simplify MBS ETF (MTBA) is a ETF from Simplify Exchange Traded Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MTBA returned +2.44% while SCHD returned +32.62%. Year to date, MTBA is down 0.23% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.8% for MTBA. 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 -3.5% for MTBA 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MTBA charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, MTBA currently yields 5.57% against 3.31% for SCHD.
Holdings Overlap
MTBA and SCHD share 0 holdings out of 109 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, MTBA or SCHD?
MTBA has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, MTBA or SCHD?
Over the past year MTBA returned +2.44% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), MTBA annualized +4.55% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, MTBA or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.8% for MTBA. Worst drawdown: MTBA -3.5% vs SCHD -33.4%.
Should I hold both MTBA and SCHD?
MTBA and SCHD have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MTBA and SCHD?
MTBA and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 109 unique securities.
Which pays a higher dividend, MTBA or SCHD?
MTBA yields 5.57% while SCHD yields 3.31%, so MTBA currently pays the higher dividend yield.
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