MUNC vs SCHD
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF vs Schwab US Dividend Equity ETF
Which is better, MUNC or SCHD?
Long Term Municipal Bond against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MUNC | SCHD |
|---|---|---|
| Expense Ratio | 0.18% | 0.06%Best |
| AUM | $8M | $112.1B |
| Dividend Yield | 3.10% | 3.00% |
| Holdings | 153 | 103 |
| YTD Return | -2.41% | +23.46%Best |
| 1Y Return | -1.14% | +27.20%Best |
| 3Y Return (annualized) | - | +15.41% |
| 5Y Return (annualized) | - | +10.16% |
| Volatility (annualized) | 4.8%Best | 13.6% |
| Max Drawdown | -4.6%Tie | -4.6%Tie |
| $10,000 over 1.1 years | $10,135 | $12,773Best |
| Fund Family | Northern Trust Asset Management | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | Long Term Municipal Bond | Large Cap Value |
| Inception | Feb 28, 2025 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 19, 2025 to Sep 18, 2026 (1.1 years).
MUNC vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.1 years both funds cover.
MUNC vs SCHD Performance
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) is an ETF from Northern Trust Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year MUNC returned -1.14% while SCHD returned +27.20%. Year to date, MUNC is down 2.41% versus a gain of 23.46% for SCHD.
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 4.8% for MUNC. 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 -4.6% for MUNC and -4.6% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.28. They move largely independently of each other.
Fees and Cost Over Time
MUNC charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, MUNC currently yields 3.10% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 28 holdings in MUNC and 100 in SCHD, totalling 16.4% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 28 positions we hold weights for in MUNC and 100 in SCHD, against full books of 153 and 103.
You are not choosing between two funds in isolation.
Whichever of MUNC and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MUNC or SCHD?
MUNC has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, MUNC or SCHD?
Over the past year MUNC returned -1.14% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), MUNC annualized +1.23% vs +24.92% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MUNC or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.8% for MUNC. Worst drawdown: MUNC -4.6% vs SCHD -4.6%.
Should I hold both MUNC and SCHD?
MUNC and SCHD have a monthly-return correlation of 0.28, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MUNC or SCHD?
MUNC yields 3.10% while SCHD yields 3.00%, so MUNC currently pays the higher dividend yield.
Is SCHD better than MUNC?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.