RMCA vs SCHD
RMCA vs SCHD
Rockefeller California Municipal 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 | RMCA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.06% | |
| AUM | $19M | $103.7B | |
| Dividend Yield | 4.72% | 3.31% | |
| Holdings | 65 | 104 | |
| YTD Return | +2.09% | +24.26% | |
| 1Y Return | +7.38% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 5.0% | 13.6% | |
| Max Drawdown | -6.3% | -33.4% | |
| Fund Family | Rockefeller Capital Management | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Aug 12, 2024 | Oct 20, 2011 |
RMCA vs SCHD Performance
Rockefeller California Municipal Bond ETF (RMCA) is a ETF from Rockefeller Capital Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RMCA returned +7.38% while SCHD returned +31.38%. Year to date, RMCA is up 2.09% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.0% for RMCA. 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 -6.3% for RMCA 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RMCA charges 0.55% per year while SCHD charges 0.06%. On a $10,000 position that is $55 vs $6 annually, a gap of $49 per year that compounds over a long holding period. On income, RMCA currently yields 4.72% against 3.31% for SCHD.
Holdings Overlap
RMCA and SCHD share 0 holdings out of 120 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, RMCA or SCHD?
RMCA has an expense ratio of 0.55% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, RMCA or SCHD?
Over the past year RMCA returned +7.38% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), RMCA annualized +2.08% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, RMCA or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.0% for RMCA. Worst drawdown: RMCA -6.3% vs SCHD -33.4%.
Should I hold both RMCA and SCHD?
RMCA and SCHD have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RMCA and SCHD?
RMCA and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 120 unique securities.
Which pays a higher dividend, RMCA or SCHD?
RMCA yields 4.72% while SCHD yields 3.31%, so RMCA currently pays the higher dividend yield.
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