MNBD vs SCHD
MNBD vs SCHD
ALPS BBH Intermediate 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 | MNBD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.44% | 0.06% | |
| AUM | $57M | $103.7B | |
| Dividend Yield | 3.84% | 3.31% | |
| Holdings | 172 | 104 | |
| YTD Return | +0.92% | +23.53% | |
| 1Y Return | +4.27% | +30.95% | |
| 3Y Return (annualized) | +4.20% | +14.72% | |
| 5Y Return (annualized) | - | +9.56% | |
| Volatility (annualized) | 5.1% | 13.6% | |
| Max Drawdown | -5.9% | -33.4% | |
| Fund Family | ALPS ETF Trust | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | May 19, 2022 | Oct 20, 2011 |
MNBD vs SCHD Performance
ALPS BBH Intermediate Municipal Bond ETF (MNBD) is a ETF from ALPS ETF Trust and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MNBD returned +4.27% while SCHD returned +30.95%. Year to date, MNBD is up 0.92% versus a gain of 23.53% for SCHD.
Over three years, MNBD compounded at +4.20% per year against +14.72% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.35% annualized vs +4.20%. 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 5.1% for MNBD. 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 -5.9% for MNBD 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MNBD charges 0.44% per year while SCHD charges 0.06%. On a $10,000 position that is $44 vs $6 annually, a gap of $38 per year that compounds over a long holding period. On income, MNBD currently yields 3.84% against 3.31% for SCHD.
Holdings Overlap
MNBD and SCHD share 0 holdings out of 162 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, MNBD or SCHD?
MNBD has an expense ratio of 0.44% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, MNBD or SCHD?
Over the past year MNBD returned +4.27% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), MNBD annualized +4.20% vs +11.35% for SCHD. Past performance does not guarantee future results.
Which is riskier, MNBD or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.1% for MNBD. Worst drawdown: MNBD -5.9% vs SCHD -33.4%.
Should I hold both MNBD and SCHD?
MNBD and SCHD have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MNBD and SCHD?
MNBD and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 162 unique securities.
Which pays a higher dividend, MNBD or SCHD?
MNBD yields 3.84% while SCHD yields 3.31%, so MNBD currently pays the higher dividend yield.
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