CSM vs SCHD
ProShares Large Cap Core Plus vs Schwab US Dividend Equity ETF
Which is better, CSM or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. CSM led over 3Y, 5Y and the full window, SCHD over 1Y.
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 | CSM | SCHD |
|---|---|---|
| Expense Ratio | 0.45% | 0.06%Best |
| AUM | $530M | $112.2B |
| Dividend Yield | 1.04% | 3.13% |
| Holdings | 308 | 103 |
| YTD Return | +11.40% | +27.56%Best |
| 1Y Return | +19.24% | +30.29%Best |
| 3Y Return (annualized) | +21.30%Best | +16.37% |
| 5Y Return (annualized) | +12.26%Best | +10.23% |
| Volatility (annualized) | 14.5% | 13.6%Best |
| Max Drawdown | -36.1% | -33.4%Best |
| $10,000 over 5 years | $17,829Best | $16,274 |
| Fund Family | ProShares | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jul 13, 2009 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 4, 2026 (14.9 years).
CSM 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.
CSM vs SCHD Performance
ProShares Large Cap Core Plus (CSM) is an ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year CSM returned +19.24% while SCHD returned +30.29%. Year to date, CSM is up 11.40% versus a gain of 27.56% for SCHD.
Over three years, CSM compounded at +21.30% per year against +16.37% for SCHD; over five years the annualized figures are +12.26% and +10.23% respectively. Across the full 15-year window we track, CSM has the edge at +14.64% annualized vs +11.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CSM has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 13.6% 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 -36.1% for CSM 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
CSM charges 0.45% per year while SCHD charges 0.06%. On a $10,000 position that is $45 vs $6 annually, a gap of $39 per year that compounds over a long holding period. On income, CSM currently yields 1.04% against 3.13% for SCHD.
Holdings Overlap
At least 68.1% of SCHD's money is in holdings CSM also owns.
Stated as a floor: for CSM, our book for it covers 89.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
32 positions in common, counted across the 298 positions we hold weights for in CSM and 100 in SCHD, against full books of 308 and 103.
Top Shared Holdings
| Stock | Weight in CSM | Weight in SCHD | Difference |
|---|---|---|---|
| AMGNAmgen Inc. | 0.19% | 4.62% | 4.43% |
| MRKMerck & Company Inc | 0.37% | 4.26% | 3.89% |
| PGProcter & Gamble Company | 0.53% | 3.96% | 3.43% |
| HDHome Depot Inc/The | 0.09% | 4.32% | 4.23% |
| KOCoca Cola Co. | 0.15% | 4.20% | 4.05% |
| UNHUnitedhealth Group Incorporated | 0.12% | 4.11% | 3.99% |
| PEPPepsico Inc. | 0.43% | 3.71% | 3.28% |
| CVXChevron Corp | 0.11% | 3.74% | 3.63% |
| TXNTexas Instrument Inc | 0.26% | 3.53% | 3.27% |
| BMYBristol-Myers Squibb Co. | 0.12% | 3.31% | 3.19% |
68.1% of SCHD is already inside CSM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CSM or SCHD?
CSM has an expense ratio of 0.45% while SCHD charges 0.06%. SCHD is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, CSM or SCHD?
Over the past year CSM returned +19.24% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), CSM annualized +14.64% vs +11.53% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CSM or SCHD?
CSM has been the more volatile fund at 14.5% annualized versus 13.6% for SCHD. Worst drawdown: CSM -36.1% vs SCHD -33.4%.
Should I hold both CSM and SCHD?
CSM 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 CSM and SCHD?
At least 68.1% of SCHD's money is in holdings CSM also owns. Our book for CSM is partial, so the real figure is this or higher. They hold 32 positions in common, counted across the 298 positions we hold weights for in CSM and 100 in SCHD.
Which pays a higher dividend, CSM or SCHD?
CSM yields 1.04% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CSM?
SCHD has a lower expense ratio. CSM led over 3Y, 5Y and the full window, SCHD over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.