NMB vs SCHD
Simplify National Muni Bond 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 | NMB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.52% | 0.06% | |
| AUM | $48M | $103.7B | |
| Dividend Yield | 5.09% | 3.31% | |
| Holdings | 37 | 104 | |
| YTD Return | +1.16% | +25.33% | |
| 1Y Return | +7.04% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 10.8% | 13.6% | |
| Max Drawdown | -13.7% | -33.4% | |
| Fund Family | Simplify Exchange Traded Funds | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 9, 2024 | Oct 20, 2011 |
NMB vs SCHD Performance
Simplify National Muni Bond ETF (NMB) 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 NMB returned +7.04% while SCHD returned +32.31%. Year to date, NMB is up 1.16% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 10.8% for NMB. 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 -13.7% for NMB 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 -0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NMB charges 0.52% per year while SCHD charges 0.06%. On a $10,000 position that is $52 vs $6 annually, a gap of $46 per year that compounds over a long holding period. On income, NMB currently yields 5.09% against 3.31% for SCHD.
Holdings Overlap
NMB and SCHD share 0 holdings out of 110 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, NMB or SCHD?
NMB has an expense ratio of 0.52% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, NMB or SCHD?
Over the past year NMB returned +7.04% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), NMB annualized +3.75% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, NMB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 10.8% for NMB. Worst drawdown: NMB -13.7% vs SCHD -33.4%.
Should I hold both NMB and SCHD?
NMB and SCHD have a monthly-return correlation of -0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NMB and SCHD?
NMB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 110 unique securities.
Which pays a higher dividend, NMB or SCHD?
NMB yields 5.09% while SCHD yields 3.31%, so NMB currently pays the higher dividend yield.
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