MUNY vs SCHD
Vanguard New York Tax-Exempt Bond ETF vs Schwab US Dividend Equity ETF
Which is better, MUNY or SCHD?
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 | MUNY | SCHD |
|---|---|---|
| Expense Ratio | 0.09% | 0.06%Best |
| AUM | $473M | $112.1B |
| Dividend Yield | 3.27% | 3.00% |
| Holdings | 3,520 | 103 |
| YTD Return | -4.00% | +24.23%Best |
| 1Y Return | -2.91% | +27.90%Best |
| 3Y Return (annualized) | - | +15.55% |
| 5Y Return (annualized) | - | +9.97% |
| Volatility (annualized) | 4.5%Best | 12.5% |
| Max Drawdown | -5.8% | -4.6%Best |
| $10,000 over 1.3 years | $10,118 | $13,595Best |
| Fund Family | Vanguard (US) | Charles Schwab Asset Management |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Value |
| Inception | May 20, 2025 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: May 22, 2025 to Sep 17, 2026 (1.3 years).
MUNY 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 1.3 years both funds cover.
MUNY vs SCHD Performance
Vanguard New York Tax-Exempt Bond ETF (MUNY) is an ETF from Vanguard (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year MUNY returned -2.91% while SCHD returned +27.90%. Year to date, MUNY is down 4.00% versus a gain of 24.23% 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 12.5% compared with 4.5% for MUNY. 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 -5.8% for MUNY 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 0.18. They move largely independently of each other.
Fees and Cost Over Time
MUNY charges 0.09% per year while SCHD charges 0.06%. On a $10,000 position that is $9 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, MUNY currently yields 3.27% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 15 holdings in MUNY and 100 in SCHD, totalling 0.1% 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 15 positions we hold weights for in MUNY and 100 in SCHD, against full books of 3,520 and 103.
You are not choosing between two funds in isolation.
Whichever of MUNY 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, MUNY or SCHD?
MUNY has an expense ratio of 0.09% while SCHD charges 0.06%. SCHD is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, MUNY or SCHD?
Over the past year MUNY returned -2.91% vs +27.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), MUNY annualized +0.91% vs +26.65% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MUNY or SCHD?
SCHD has been the more volatile fund at 12.5% annualized versus 4.5% for MUNY. Worst drawdown: MUNY -5.8% vs SCHD -4.6%.
Should I hold both MUNY and SCHD?
MUNY and SCHD have a monthly-return correlation of 0.18, 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, MUNY or SCHD?
MUNY yields 3.27% while SCHD yields 3.00%, so MUNY currently pays the higher dividend yield.
Is SCHD better than MUNY?
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.