RMM vs SCHD
RiverNorth Managed Duration Municipal Income Fund, Inc. vs Schwab US Dividend Equity ETF
Which is better, RMM or SCHD?
Municipal Bond against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y 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 | RMM | SCHD |
|---|---|---|
| Expense Ratio | 6.83% | 0.06%Best |
| AUM | $291M | $112.1B |
| Dividend Yield | 7.01% | 3.00% |
| Holdings | 112 | 103 |
| YTD Return | +5.55% | +24.59%Best |
| 1Y Return | +7.30% | +28.14%Best |
| 3Y Return (annualized) | +4.11% | +15.58%Best |
| 5Y Return (annualized) | -1.19% | +9.90%Best |
| Volatility (annualized) | 17.8% | 13.6%Best |
| Max Drawdown | -36.6% | -33.4%Best |
| $10,000 over 5 years | $9,419 | $16,032Best |
| Fund Family | RiverNorth | Charles Schwab Asset Management |
| Category | Tax Preferred | Equity |
| Style | Municipal Bond | Large Cap Value |
| Inception | Jul 25, 2019 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 26, 2019 to Sep 10, 2026 (14.9 years).
RMM 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
RMM vs SCHD Performance
RiverNorth Managed Duration Municipal Income Fund, Inc. (RMM) is an ETF from RiverNorth and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year RMM returned +7.30% while SCHD returned +28.14%. Year to date, RMM is up 5.55% versus a gain of 24.59% for SCHD.
Over three years, RMM compounded at +4.11% per year against +15.58% for SCHD; over five years the annualized figures are -1.19% and +9.90% respectively. Across the full 7-year window we track, SCHD has the edge at +11.34% annualized vs +0.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RMM has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 13.6% for SCHD. 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 -36.6% for RMM and -33.4% 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 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
RMM charges 6.83% per year while SCHD charges 0.06%. On a $10,000 position that is $683 vs $6 annually, a gap of $677 per year that compounds over a long holding period. On income, RMM currently yields 7.01% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 58 holdings in RMM and 100 in SCHD, totalling 123.9% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 153 days apart, RMM as of Mar 31, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 58 positions we hold weights for in RMM and 100 in SCHD, against full books of 112 and 103.
You are not choosing between two funds in isolation.
Whichever of RMM 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, RMM or SCHD?
RMM has an expense ratio of 6.83% while SCHD charges 0.06%. SCHD is the cheaper option, by $677 a year on a $10,000 investment.
Which performed better, RMM or SCHD?
Over the past year RMM returned +7.30% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), RMM annualized +0.27% vs +11.34% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RMM or SCHD?
RMM has been the more volatile fund at 17.8% annualized versus 13.6% for SCHD. Worst drawdown: RMM -36.6% vs SCHD -33.4%.
Should I hold both RMM and SCHD?
RMM and SCHD have a monthly-return correlation of 0.30, 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, RMM or SCHD?
RMM yields 7.01% while SCHD yields 3.00%, so RMM currently pays the higher dividend yield.
Is SCHD better than RMM?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.