BMVP vs SCHD
Invesco Bloomberg MVP Multi-factor ETF vs Schwab US Dividend Equity ETF
Which is better, BMVP or SCHD?
Mid Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. BMVP is less concentrated, with 21.2% of the fund in its ten largest positions against 41.8%.
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
| Metric | BMVP | SCHD |
|---|---|---|
| Expense Ratio | 0.29% | 0.06%Best |
| AUM | $105M | $112.1B |
| Dividend Yield | 1.69% | 3.00% |
| Holdings | 58 | 103 |
| YTD Return | +7.37% | +21.73%Best |
| 1Y Return | +10.05% | +26.35%Best |
| 3Y Return (annualized) | +14.25% | +16.02%Best |
| 5Y Return (annualized) | +6.53% | +9.26%Best |
| Volatility (annualized) | 15.2% | 13.7%Best |
| Max Drawdown | -40.6% | -33.4%Best |
| $10,000 over 5 years | $13,720 | $15,571Best |
| Top 10 Weight | 21.2%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | May 1, 2003 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 25, 2026 (14.9 years).
BMVP vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.9 years both funds cover.
BMVP vs SCHD Performance
Invesco Bloomberg MVP Multi-factor ETF (BMVP) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year BMVP returned +10.05% while SCHD returned +26.35%. Year to date, BMVP is up 7.37% versus a gain of 21.73% for SCHD.
Over three years, BMVP compounded at +14.25% per year against +16.02% for SCHD; over five years the annualized figures are +6.53% and +9.26% respectively. Across the full 15-year window we track, SCHD has the edge at +11.13% annualized vs +10.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BMVP has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 13.7% 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 -40.6% for BMVP and -33.4% 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BMVP charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, BMVP currently yields 1.69% against 3.00% for SCHD.
Holdings Overlap
16.5% of BMVP's money is in holdings SCHD also owns. 20.0% of SCHD's money is in holdings BMVP also owns.
SCHD and BMVP share little of their money.
9 positions in common, counted across the 56 positions we hold weights for in BMVP and 100 in SCHD, against full books of 58 and 103.
What only one of them owns
Our book lists 90 positions for SCHD that do not appear in our book for BMVP (80.0% of the fund), and 46 for BMVP that do not appear in SCHD (81.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BMVP | Weight in SCHD | Difference |
|---|---|---|---|
| KOCoca Cola Co. | 1.86% | 4.17% | 2.31% |
| VZVerizon Communic | 2.02% | 3.97% | 1.95% |
| PEPPepsico Inc. | 1.77% | 3.64% | 1.87% |
| BMYBristol-Myers Squibb Co. | 1.98% | 3.33% | 1.35% |
| LMTLockheed Martin Corp | 1.88% | 2.78% | 0.90% |
| DRIDarden Restaurants Inc. | 1.78% | 0.60% | 1.18% |
| PFGPrincipalfinancialgroupinc. | 1.74% | 0.53% | 1.21% |
| TROWT Rowe Price Grp | 1.67% | 0.58% | 1.09% |
| BBYBest Buy Co. Inc. | 1.80% | 0.38% | 1.42% |
You are not choosing between two funds in isolation.
Whichever of BMVP and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BMVP or SCHD?
BMVP has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, BMVP or SCHD?
Over the past year BMVP returned +10.05% vs +26.35% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), BMVP annualized +10.22% vs +11.13% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BMVP or SCHD?
BMVP has been the more volatile fund at 15.2% annualized versus 13.7% for SCHD. Worst drawdown: BMVP -40.6% vs SCHD -33.4%.
Should I hold both BMVP and SCHD?
BMVP and SCHD have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BMVP and SCHD?
20.0% of SCHD's money is in holdings BMVP also owns. 20.0% of SCHD's is in holdings BMVP also owns. They hold 9 positions in common, counted across the 56 positions we hold weights for in BMVP and 100 in SCHD.
Which pays a higher dividend, BMVP or SCHD?
BMVP yields 1.69% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than BMVP?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. BMVP is less concentrated, with 21.2% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.