RMNY vs SCHD
Rockefeller New York 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 | RMNY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.06% | |
| AUM | $28M | $103.7B | |
| Dividend Yield | 4.68% | 3.31% | |
| Holdings | 84 | 104 | |
| YTD Return | +2.35% | +24.26% | |
| 1Y Return | +7.63% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 4.5% | 13.6% | |
| Max Drawdown | -5.9% | -33.4% | |
| Fund Family | Rockefeller Capital Management | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Aug 12, 2024 | Oct 20, 2011 |
RMNY vs SCHD Performance
Rockefeller New York Municipal Bond ETF (RMNY) 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 RMNY returned +7.63% while SCHD returned +31.38%. Year to date, RMNY is up 2.35% 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 4.5% for RMNY. 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 -5.9% for RMNY 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
RMNY 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, RMNY currently yields 4.68% against 3.31% for SCHD.
Holdings Overlap
RMNY and SCHD share 0 holdings out of 130 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, RMNY or SCHD?
RMNY 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, RMNY or SCHD?
Over the past year RMNY returned +7.63% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), RMNY annualized +2.74% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, RMNY or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.5% for RMNY. Worst drawdown: RMNY -5.9% vs SCHD -33.4%.
Should I hold both RMNY and SCHD?
RMNY 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 RMNY and SCHD?
RMNY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 130 unique securities.
Which pays a higher dividend, RMNY or SCHD?
RMNY yields 4.68% while SCHD yields 3.31%, so RMNY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.