CGMM vs SCHD
Capital Group US Small and Mid Cap ETF vs Schwab US Dividend Equity ETF
Which is better, CGMM or SCHD?
Mid Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. CGMM is less concentrated, with 19.2% 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 | CGMM | SCHD |
|---|---|---|
| Expense Ratio | 0.51% | 0.06%Best |
| AUM | $3.4B | $108.9B |
| Dividend Yield | 0.38% | 3.00% |
| Holdings | 116 | 206 |
| YTD Return | +6.67% | +20.67%Best |
| 1Y Return | +10.40% | +22.79%Best |
| 3Y Return (annualized) | - | +15.93% |
| 5Y Return (annualized) | - | +9.26% |
| Volatility (annualized) | 14.3% | 14.0%Best |
| Max Drawdown | -21.0% | -14.0%Best |
| $10,000 over 1.7 years | $12,038 | $12,486Best |
| Top 10 Weight | 19.2%Best | 41.8% |
| Fund Family | Capital Group (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Jan 14, 2025 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 16, 2025 to Oct 1, 2026 (1.7 years).
CGMM 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 1.7 years both funds cover.
CGMM vs SCHD Performance
Capital Group US Small and Mid Cap ETF (CGMM) is an ETF from Capital Group (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year CGMM returned +10.40% while SCHD returned +22.79%. Year to date, CGMM is up 6.67% versus a gain of 20.67% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CGMM has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 14.0% 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 -21.0% for CGMM and -14.0% 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 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CGMM charges 0.51% per year while SCHD charges 0.06%. On a $10,000 position that is $51 vs $6 annually, a gap of $45 per year that compounds over a long holding period. On income, CGMM currently yields 0.38% against 3.00% for SCHD.
Holdings Overlap
4.7% of CGMM's money is in holdings SCHD also owns. 5.9% of SCHD's money is in holdings CGMM also owns.
SCHD and CGMM share little of their money.
5 positions in common, counted across the 116 positions we hold weights for in CGMM and 99 in SCHD, against full books of 116 and 206.
What only one of them owns
Our book lists 93 positions for SCHD that do not appear in our book for CGMM (94.0% of the fund), and 104 for CGMM that do not appear in SCHD (90.2%).
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.
You are not choosing between two funds in isolation.
Whichever of CGMM 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, CGMM or SCHD?
CGMM has an expense ratio of 0.51% while SCHD charges 0.06%. SCHD is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, CGMM or SCHD?
Over the past year CGMM returned +10.40% vs +22.79% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), CGMM annualized +11.53% vs +13.95% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGMM or SCHD?
CGMM has been the more volatile fund at 14.3% annualized versus 14.0% for SCHD. Worst drawdown: CGMM -21.0% vs SCHD -14.0%.
Should I hold both CGMM and SCHD?
CGMM and SCHD have a monthly-return correlation of 0.49, 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 CGMM and SCHD?
5.9% of SCHD's money is in holdings CGMM also owns. 5.9% of SCHD's is in holdings CGMM also owns. They hold 5 positions in common, counted across the 116 positions we hold weights for in CGMM and 99 in SCHD.
Which pays a higher dividend, CGMM or SCHD?
CGMM yields 0.38% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CGMM?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. CGMM is less concentrated, with 19.2% 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.