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MDXBX vs. SCHD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MDXBX and SCHD is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.1

Performance

MDXBX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and Schwab US Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%December2025FebruaryMarchAprilMay
43.70%
372.02%
MDXBX
SCHD

Key characteristics

Sharpe Ratio

MDXBX:

0.29

SCHD:

0.28

Sortino Ratio

MDXBX:

0.41

SCHD:

0.50

Omega Ratio

MDXBX:

1.07

SCHD:

1.07

Calmar Ratio

MDXBX:

0.27

SCHD:

0.28

Martin Ratio

MDXBX:

0.98

SCHD:

0.96

Ulcer Index

MDXBX:

1.65%

SCHD:

4.74%

Daily Std Dev

MDXBX:

5.63%

SCHD:

16.02%

Max Drawdown

MDXBX:

-14.37%

SCHD:

-33.37%

Current Drawdown

MDXBX:

-3.61%

SCHD:

-11.02%

Returns By Period

In the year-to-date period, MDXBX achieves a -1.98% return, which is significantly higher than SCHD's -4.71% return. Over the past 10 years, MDXBX has underperformed SCHD with an annualized return of 1.99%, while SCHD has yielded a comparatively higher 10.35% annualized return.


MDXBX

YTD

-1.98%

1M

-2.58%

6M

-1.91%

1Y

1.22%

5Y*

1.40%

10Y*

1.99%

SCHD

YTD

-4.71%

1M

2.06%

6M

-6.59%

1Y

3.08%

5Y*

13.32%

10Y*

10.35%

*Annualized

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MDXBX vs. SCHD - Expense Ratio Comparison

MDXBX has a 0.49% expense ratio, which is higher than SCHD's 0.06% expense ratio.


Expense ratio chart for MDXBX: current value is 0.49%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MDXBX: 0.49%
Expense ratio chart for SCHD: current value is 0.06%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SCHD: 0.06%

Risk-Adjusted Performance

MDXBX vs. SCHD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDXBX
The Risk-Adjusted Performance Rank of MDXBX is 3232
Overall Rank
The Sharpe Ratio Rank of MDXBX is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of MDXBX is 2828
Sortino Ratio Rank
The Omega Ratio Rank of MDXBX is 3131
Omega Ratio Rank
The Calmar Ratio Rank of MDXBX is 3737
Calmar Ratio Rank
The Martin Ratio Rank of MDXBX is 3434
Martin Ratio Rank

SCHD
The Risk-Adjusted Performance Rank of SCHD is 3333
Overall Rank
The Sharpe Ratio Rank of SCHD is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of SCHD is 3131
Sortino Ratio Rank
The Omega Ratio Rank of SCHD is 3131
Omega Ratio Rank
The Calmar Ratio Rank of SCHD is 3838
Calmar Ratio Rank
The Martin Ratio Rank of SCHD is 3434
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MDXBX vs. SCHD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) and Schwab US Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for MDXBX, currently valued at 0.29, compared to the broader market-1.000.001.002.003.00
MDXBX: 0.29
SCHD: 0.28
The chart of Sortino ratio for MDXBX, currently valued at 0.41, compared to the broader market-2.000.002.004.006.008.00
MDXBX: 0.41
SCHD: 0.50
The chart of Omega ratio for MDXBX, currently valued at 1.07, compared to the broader market0.501.001.502.002.503.00
MDXBX: 1.07
SCHD: 1.07
The chart of Calmar ratio for MDXBX, currently valued at 0.27, compared to the broader market0.002.004.006.008.0010.00
MDXBX: 0.27
SCHD: 0.28
The chart of Martin ratio for MDXBX, currently valued at 0.98, compared to the broader market0.0010.0020.0030.0040.00
MDXBX: 0.98
SCHD: 0.96

The current MDXBX Sharpe Ratio is 0.29, which is comparable to the SCHD Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of MDXBX and SCHD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2025FebruaryMarchAprilMay
0.29
0.28
MDXBX
SCHD

Dividends

MDXBX vs. SCHD - Dividend Comparison

MDXBX's dividend yield for the trailing twelve months is around 3.12%, less than SCHD's 4.03% yield.


TTM20242023202220212020201920182017201620152014
MDXBX
T. Rowe Price Maryland Tax Free Bond Fund
3.12%3.28%3.06%2.80%2.30%2.65%2.82%3.11%3.25%3.44%3.58%3.67%
SCHD
Schwab US Dividend Equity ETF
4.03%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%2.63%

Drawdowns

MDXBX vs. SCHD - Drawdown Comparison

The maximum MDXBX drawdown since its inception was -14.37%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for MDXBX and SCHD. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-3.61%
-11.02%
MDXBX
SCHD

Volatility

MDXBX vs. SCHD - Volatility Comparison

The current volatility for T. Rowe Price Maryland Tax Free Bond Fund (MDXBX) is 4.37%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 10.52%. This indicates that MDXBX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%December2025FebruaryMarchAprilMay
4.37%
10.52%
MDXBX
SCHD