RMOP vs SCHD
Rockefeller Opportunistic 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 | RMOP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.06% | |
| AUM | $437M | $103.7B | |
| Dividend Yield | 5.61% | 3.31% | |
| Holdings | 271 | 104 | |
| YTD Return | +3.62% | +24.26% | |
| 1Y Return | +9.60% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 5.5% | 13.6% | |
| Max Drawdown | -6.8% | -33.4% | |
| Fund Family | Rockefeller Capital Management | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Aug 12, 2024 | Oct 20, 2011 |
RMOP vs SCHD Performance
Rockefeller Opportunistic Municipal Bond ETF (RMOP) 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 RMOP returned +9.60% while SCHD returned +31.38%. Year to date, RMOP is up 3.62% 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 5.5% for RMOP. 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 -6.8% for RMOP 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RMOP charges 0.80% per year while SCHD charges 0.06%. On a $10,000 position that is $80 vs $6 annually, a gap of $74 per year that compounds over a long holding period. On income, RMOP currently yields 5.61% against 3.31% for SCHD.
Holdings Overlap
RMOP and SCHD share 0 holdings out of 163 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, RMOP or SCHD?
RMOP has an expense ratio of 0.80% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, RMOP or SCHD?
Over the past year RMOP returned +9.60% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), RMOP annualized +5.03% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, RMOP or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.5% for RMOP. Worst drawdown: RMOP -6.8% vs SCHD -33.4%.
Should I hold both RMOP and SCHD?
RMOP and SCHD have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RMOP and SCHD?
RMOP and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 163 unique securities.
Which pays a higher dividend, RMOP or SCHD?
RMOP yields 5.61% while SCHD yields 3.31%, so RMOP currently pays the higher dividend yield.
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