SCHD vs SUB
Schwab US Dividend Equity ETF vs iShares Short-Term National Muni Bond ETF
Which is better, SCHD or SUB?
Large Cap Value against Municipal Bond.
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 | SCHD | SUB |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.07% |
| AUM | $112.1B | $11.6B |
| Dividend Yield | 3.00% | 2.56% |
| Holdings | 103 | 2,925 |
| YTD Return | +24.23%Best | +0.48% |
| 1Y Return | +27.90%Best | +1.00% |
| 3Y Return (annualized) | +15.55%Best | +2.91% |
| 5Y Return (annualized) | +9.97%Best | +1.38% |
| Volatility (annualized) | 13.6% | 1.6%Best |
| Max Drawdown | -33.4% | -9.7%Best |
| $10,000 over 5 years | $16,083Best | $10,709 |
| Fund Family | Charles Schwab Asset Management | iShares by BlackRock (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Value | Municipal Bond |
| Inception | Oct 20, 2011 | Nov 5, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 17, 2026 (14.9 years).
SCHD vs SUB 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.
SCHD vs SUB Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and iShares Short-Term National Muni Bond ETF (SUB) is an ETF from iShares by BlackRock (US). Over the past year SCHD returned +27.90% while SUB returned +1.00%. Year to date, SCHD is up 24.23% versus a gain of 0.48% for SUB.
Over three years, SCHD compounded at +15.55% per year against +2.91% for SUB; over five years the annualized figures are +9.97% and +1.38% respectively. Across the full 15-year window we track, SCHD has the edge at +11.30% annualized vs +0.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 1.6% for SUB. 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 -33.4% for SCHD and -9.7% for SUB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while SUB charges 0.07%. On a $10,000 position that is $6 vs $7 annually, a gap of $1 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 2.56% for SUB.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 762 in SUB, totalling 100.0% and 29.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in SCHD and 762 in SUB, against full books of 103 and 2,925.
You are not choosing between two funds in isolation.
Whichever of SCHD and SUB 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, SCHD or SUB?
SCHD has an expense ratio of 0.06% while SUB charges 0.07%. SCHD is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SCHD or SUB?
Over the past year SCHD returned +27.90% vs +1.00% for SUB, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.30% vs +0.59% for SUB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SUB?
SCHD has been the more volatile fund at 13.6% annualized versus 1.6% for SUB. Worst drawdown: SCHD -33.4% vs SUB -9.7%.
Should I hold both SCHD and SUB?
SCHD and SUB have a monthly-return correlation of 0.32, 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, SCHD or SUB?
SCHD yields 3.00% while SUB yields 2.56%, so SCHD currently pays the higher dividend yield.
Is SUB better than SCHD?
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.