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ETF comparison

HYD vs SCMB

Both US Municipal Bond.

VanEck High Yield Muni ETF · Schwab Municipal Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
1.1 %

74 positions appear in both funds. Buying equal dollars of HYD and SCMB would leave roughly 1.1% of each dollar exposed to the same underlying securities.

HYD unmatched 95.7% Shared 1.1% SCMB unmatched 97.9%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In HYD only
2,029 positions
Shared
74 positions
In SCMB only
6,771 positions

Side by side

HYD

VanEck High Yield Muni ETF

VanEck · US Municipal Bond

81 composite / 100
Expense ratio
0.32%
Net assets
$3.89B
TTM yield
4.51%
Top-10 conc.
6.3%
SCMB

Schwab Municipal Bond ETF

Schwab · US Municipal Bond

92 composite / 100
Expense ratio
0.030%
Net assets
$3.07B
TTM yield
3.72%
Top-10 conc.
1.9%

Sub-score comparison

68
Cost
97
93
Tax efficiency
93
82
Liquidity
78
100
Concentration
100
—
Tracking quality
—
HYD sub-score SCMB

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SCMB is 29 bps cheaper than HYD. On a $100,000 position that's about $290/yr more in fees for HYD.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with HYD vs SCMB.

Top shared holdings

74 shared in total
# Holding In HYD In SCMB Overlap
1 County of Jefferson AL Sewer Revenue 0.39% 0.08% 0.08%
2 State of Illinois 0.09% 0.05% 0.05%
3 City of Chicago IL 0.09% 0.05% 0.05%
4 Metropolitan Pier & Exposition Authority 0.39% 0.05% 0.05%
5 Texas Water Development Board 0.04% 0.08% 0.04%
6 New Jersey Transportation Trust Fund Authority 0.05% 0.04% 0.04%
7 Municipal Electric Authority of Georgia 0.03% 0.07% 0.03%
8 North Carolina Turnpike Authority 0.05% 0.03% 0.03%
9 Metropolitan Pier & Exposition Authority 0.06% 0.03% 0.03%
10 Chesapeake Bay Bridge & Tunnel District 0.11% 0.03% 0.03%
11 Cedar Rapids Community School District Infrastructure Sales Services & Use Tax 0.05% 0.03% 0.03%
12 City of Chicago IL 0.05% 0.03% 0.03%

Only in HYD

2,029 total
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.98%
  • Chicago Board of Education 0.79%
  • Tobacco Settlement Financing Corp 0.71%
  • Buckeye Tobacco Settlement Financing Authority 0.69%
  • New York Transportation Development Corp 0.61%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.58%
  • Chicago Board of Education 0.53%
  • Florida Development Finance Corp 0.52%
  • New York Transportation Development Corp 0.48%
  • Arkansas Development Finance Authority 0.45%

Only in SCMB

6,771 total
  • Commonwealth of Massachusetts 0.22%
  • Gwinnett County School District 0.22%
  • Commonwealth of Pennsylvania 0.21%
  • City of New York NY 0.20%
  • State of California Department of Water Resources 0.19%
  • State of Washington 0.17%
  • State of California 0.17%
  • New York City Municipal Water Finance Authority 0.17%
  • Northwest Independent School District 0.16%
  • Commonwealth of Massachusetts 0.16%

Related comparisons

More comparisons with HYD

More comparisons with SCMB

Percentages are holdings overlap with the named fund.

Open HYD or SCMB at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.