MUJ vs SCHD
MUJ vs SCHD
BlackRock MuniHoldings New Jersey Quality Fund, Inc 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 | MUJ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.77% | 0.06% | |
| AUM | $657M | $103.7B | |
| Dividend Yield | 5.10% | 3.31% | |
| Holdings | 242 | 104 | |
| YTD Return | +6.16% | +24.26% | |
| 1Y Return | +18.27% | +31.38% | |
| 3Y Return (annualized) | +9.32% | +15.08% | |
| 5Y Return (annualized) | +0.19% | +9.72% | |
| Volatility (annualized) | 12.2% | 13.6% | |
| Max Drawdown | -47.8% | -33.4% | |
| Fund Family | BlackRock, Inc. (US) | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Mar 11, 1998 | Oct 20, 2011 |
MUJ vs SCHD Performance
BlackRock MuniHoldings New Jersey Quality Fund, Inc (MUJ) 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 MUJ returned +18.27% while SCHD returned +31.38%. Year to date, MUJ is up 6.16% versus a gain of 24.26% for SCHD.
Over three years, MUJ compounded at +9.32% per year against +15.08% for SCHD; over five years the annualized figures are +0.19% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +0.26%. 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 12.2% for MUJ. 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 -47.8% for MUJ 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
MUJ charges 1.77% per year while SCHD charges 0.06%. On a $10,000 position that is $177 vs $6 annually, a gap of $171 per year that compounds over a long holding period. On income, MUJ currently yields 5.10% against 3.31% for SCHD.
Holdings Overlap
MUJ and SCHD share 0 holdings out of 147 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, MUJ or SCHD?
MUJ has an expense ratio of 1.77% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $171 per year of difference.
Which performed better, MUJ or SCHD?
Over the past year MUJ returned +18.27% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), MUJ annualized +0.26% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, MUJ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.2% for MUJ. Worst drawdown: MUJ -47.8% vs SCHD -33.4%.
Should I hold both MUJ and SCHD?
MUJ 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 MUJ and SCHD?
MUJ and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 147 unique securities.
Which pays a higher dividend, MUJ or SCHD?
MUJ yields 5.10% while SCHD yields 3.31%, so MUJ currently pays the higher dividend yield.
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