SCHD vs TMNL
Schwab US Dividend Equity ETF vs T. Rowe Price Long Municipal Income ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | TMNL | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.26% | |
| AUM | $103.7B | $22M | |
| Dividend Yield | 3.31% | 2.13% | |
| Holdings | 104 | 110 | |
| YTD Return | +25.58% | +1.91% | |
| 1Y Return | +31.06% | - | |
| 3Y Return (annualized) | +15.55% | - | |
| 5Y Return (annualized) | +9.61% | - | |
| Volatility (annualized) | 13.6% | - | |
| Max Drawdown | -33.4% | -2.9% | |
| Fund Family | Charles Schwab Asset Management | T.Rowe Price | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Nov 19, 2025 |
SCHD vs TMNL Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and T. Rowe Price Long Municipal Income ETF (TMNL) is a ETF from T.Rowe Price. Year to date, SCHD is up 25.58% versus a gain of 1.91% for TMNL.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -33.4% for SCHD and -2.9% for TMNL. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SCHD charges 0.06% per year while TMNL charges 0.26%. On a $10,000 position that is $6 vs $26 annually, a gap of $20 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 2.13% for TMNL.
Holdings Overlap
SCHD and TMNL share 0 holdings out of 138 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, SCHD or TMNL?
SCHD has an expense ratio of 0.06% while TMNL charges 0.26%. SCHD is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
What is the holdings overlap between SCHD and TMNL?
SCHD and TMNL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 138 unique securities.
Which pays a higher dividend, SCHD or TMNL?
SCHD yields 3.31% while TMNL yields 2.13%, so SCHD 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.