MYN vs SCHD
BlackRock MuniYield New York 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 | MYN | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 3.44% | 0.06% | |
| AUM | $1.0B | $103.7B | |
| Dividend Yield | 5.58% | 3.31% | |
| Holdings | 251 | 104 | |
| YTD Return | +2.40% | +25.58% | |
| 1Y Return | +10.89% | +31.06% | |
| 3Y Return (annualized) | +5.96% | +15.55% | |
| 5Y Return (annualized) | -2.48% | +9.61% | |
| Volatility (annualized) | 12.0% | 13.6% | |
| Max Drawdown | -57.9% | -33.4% | |
| Fund Family | BlackRock, Inc. (US) | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Feb 28, 1992 | Oct 20, 2011 |
MYN vs SCHD Performance
BlackRock MuniYield New York Quality Fund, Inc (MYN) 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 MYN returned +10.89% while SCHD returned +31.06%. Year to date, MYN is up 2.40% versus a gain of 25.58% for SCHD.
Over three years, MYN compounded at +5.96% per year against +15.55% for SCHD; over five years the annualized figures are -2.48% and +9.61% respectively. Across the full 15-year window we track, SCHD has the edge at +11.46% annualized vs -0.36%. 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 12.0% for MYN. 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 -57.9% for MYN 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
MYN charges 3.44% per year while SCHD charges 0.06%. On a $10,000 position that is $344 vs $6 annually, a gap of $338 per year that compounds over a long holding period. On income, MYN currently yields 5.58% against 3.31% for SCHD.
Holdings Overlap
MYN and SCHD share 0 holdings out of 187 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, MYN or SCHD?
MYN has an expense ratio of 3.44% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $338 per year of difference.
Which performed better, MYN or SCHD?
Over the past year MYN returned +10.89% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), MYN annualized -0.36% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, MYN or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.0% for MYN. Worst drawdown: MYN -57.9% vs SCHD -33.4%.
Should I hold both MYN and SCHD?
MYN 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 MYN and SCHD?
MYN and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 187 unique securities.
Which pays a higher dividend, MYN or SCHD?
MYN yields 5.58% while SCHD yields 3.31%, so MYN currently pays the higher dividend yield.
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