APMU vs SCHD
APMU vs SCHD
ActivePassive Intermediate Municipal Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. APMU offers more diversification with 329 holdings.
Side-by-Side Comparison
| Metric | APMU | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $244M | $103.7B | |
| Dividend Yield | 2.66% | 3.31% | |
| Holdings | 710 | 104 | |
| YTD Return | -0.19% | +24.26% | |
| 1Y Return | +1.70% | +31.38% | |
| 3Y Return (annualized) | +2.65% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 3.5% | 13.6% | |
| Max Drawdown | -4.4% | -33.4% | |
| Fund Family | Envestnet Asset Management | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | May 3, 2023 | Oct 20, 2011 |
APMU vs SCHD Performance
ActivePassive Intermediate Municipal Bond ETF (APMU) is a ETF from Envestnet Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year APMU returned +1.70% while SCHD returned +31.38%. Year to date, APMU is down 0.19% versus a gain of 24.26% for SCHD.
Over three years, APMU compounded at +2.65% per year against +15.08% for SCHD. Across the full 3-year window we track, SCHD has the edge at +11.39% annualized vs +1.84%. 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 3.5% for APMU. 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 -4.4% for APMU 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
APMU charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, APMU currently yields 2.66% against 3.31% for SCHD.
Holdings Overlap
APMU and SCHD share 0 holdings out of 429 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, APMU or SCHD?
APMU has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, APMU or SCHD?
Over the past year APMU returned +1.70% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), APMU annualized +1.84% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, APMU or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.5% for APMU. Worst drawdown: APMU -4.4% vs SCHD -33.4%.
Should I hold both APMU and SCHD?
APMU and SCHD have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between APMU and SCHD?
APMU and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 429 unique securities.
Which pays a higher dividend, APMU or SCHD?
APMU yields 2.66% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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