SCHD vs WTMY
Schwab US Dividend Equity ETF vs WisdomTree High Income Laddered Municipal Fund 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 | SCHD | WTMY | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.35% | |
| AUM | $103.7B | $5M | |
| Dividend Yield | 3.31% | 3.40% | |
| Holdings | 104 | 147 | |
| YTD Return | +24.26% | +0.95% | |
| 1Y Return | +31.38% | +5.09% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 4.0% | |
| Max Drawdown | -33.4% | -3.7% | |
| Fund Family | Charles Schwab Asset Management | WisdomTree Investments | |
| Category | Equity | Tax Preferred | |
| Inception | Oct 20, 2011 | Apr 3, 2025 |
SCHD vs WTMY Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and WisdomTree High Income Laddered Municipal Fund ETF (WTMY) is a ETF from WisdomTree Investments. Over the past year SCHD returned +31.38% while WTMY returned +5.09%. Year to date, SCHD is up 24.26% versus a gain of 0.95% for WTMY.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.0% for WTMY. 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 -3.7% for WTMY. 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 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while WTMY charges 0.35%. On a $10,000 position that is $6 vs $35 annually, a gap of $29 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 3.40% for WTMY.
Holdings Overlap
SCHD and WTMY share 0 holdings out of 128 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 WTMY?
SCHD has an expense ratio of 0.06% while WTMY charges 0.35%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, SCHD or WTMY?
Over the past year SCHD returned +31.38% vs +5.09% for WTMY, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.39% vs +4.07% for WTMY. Past performance does not guarantee future results.
Which is riskier, SCHD or WTMY?
SCHD has been the more volatile fund at 13.6% annualized versus 4.0% for WTMY. Worst drawdown: SCHD -33.4% vs WTMY -3.7%.
Should I hold both SCHD and WTMY?
SCHD and WTMY have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and WTMY?
SCHD and WTMY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 128 unique securities.
Which pays a higher dividend, SCHD or WTMY?
SCHD yields 3.31% while WTMY yields 3.40%, so WTMY currently pays the higher dividend yield.
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