BMAX vs SCHD

BMAX vs SCHD

Which is better, BMAX or SCHD?

Convertibles against Large Cap Value.

SCHD has a lower expense ratio. SCHD led over 1Y and the full window.

Lower Fees: SCHDHigher Returns: SCHD

MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.

Side-by-Side Comparison

MetricBMAXSCHD
Expense Ratio1.14%0.06%Best
AUM$6M$112.1B
Dividend Yield0.00%3.00%
Holdings15103
Volatility (annualized)22.4%14.8%Best
Max Drawdown-31.3%-13.0%Best
$10,000 over 1.1 years$9,030$11,686Best
Fund FamilyREX SharesCharles Schwab Asset Management
CategoryConvertibleEquity
StyleConvertiblesLarge Cap Value
InceptionMar 14, 2025Oct 20, 2011

Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.

The two price series end 158 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BMAX has data through Apr 13, 2026 and SCHD through Sep 18, 2026.

Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Mar 14, 2025 to Apr 13, 2026 (1.1 years).

Risk: Volatility and Drawdowns

BMAX has been the more volatile fund, with annualized monthly volatility of 22.4% compared with 14.8% for SCHD. 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 -31.3% for BMAX and -13.0% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at -0.46. They move together some of the time, and apart the rest.

Fees and Cost Over Time

BMAX charges 1.14% per year while SCHD charges 0.06%. On a $10,000 position that is $114 vs $6 annually, a gap of $108 per year that compounds over a long holding period. On income, BMAX currently yields 0.00% against 3.00% for SCHD.

Holdings Overlap

We hold position weights for 8 holdings in BMAX and 100 in SCHD, totalling 54.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.

The two holdings books were reported 213 days apart, BMAX as of Jan 30, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.

0 positions in common, counted across the 8 positions we hold weights for in BMAX and 100 in SCHD, against full books of 15 and 103.

You are not choosing between two funds in isolation.

Whichever of BMAX and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.

BMAXSCHD

Free for up to 10 holdings. No account needed.

Frequently Asked Questions

Which is cheaper, BMAX or SCHD?

BMAX has an expense ratio of 1.14% while SCHD charges 0.06%. SCHD is the cheaper option, by $108 a year on a $10,000 investment.

Which is riskier, BMAX or SCHD?

BMAX has been the more volatile fund at 22.4% annualized versus 14.8% for SCHD. Worst drawdown: BMAX -31.3% vs SCHD -13.0%.

Should I hold both BMAX and SCHD?

BMAX and SCHD have a monthly-return correlation of -0.46, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.

Which pays a higher dividend, BMAX or SCHD?

BMAX yields 0.00% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.

Is SCHD better than BMAX?

SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.