CVMC vs SCHD
Calvert US Mid-Cap Core Responsible Index ETF vs Schwab US Dividend Equity ETF
Which is better, CVMC or SCHD?
Mid Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. CVMC led over 3Y, SCHD over 1Y and the full window. CVMC is less concentrated, with 5.8% 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 | CVMC | SCHD |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $106M | $112.1B |
| Dividend Yield | 1.17% | 3.00% |
| Holdings | 595 | 103 |
| YTD Return | +15.73% | +25.84%Best |
| 1Y Return | +18.89% | +30.18%Best |
| 3Y Return (annualized) | +16.46%Best | +16.08% |
| 5Y Return (annualized) | - | +9.97% |
| Volatility (annualized) | 15.5% | 13.2%Best |
| Max Drawdown | -22.5% | -16.1%Best |
| $10,000 over 3.6 years | $15,009 | $15,077Best |
| Top 10 Weight | 5.8%Best | 41.8% |
| Fund Family | Calvert | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Jan 30, 2023 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Feb 1, 2023 to Sep 15, 2026 (3.6 years).
CVMC 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 3.6 years both funds cover.
CVMC vs SCHD Performance
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is an ETF from Calvert and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year CVMC returned +18.89% while SCHD returned +30.18%. Year to date, CVMC is up 15.73% versus a gain of 25.84% for SCHD.
Over three years, CVMC compounded at +16.46% per year against +16.08% for SCHD. Across the full 4-year window we track, SCHD has the edge at +12.08% annualized vs +11.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVMC has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 13.2% 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 -22.5% for CVMC and -16.1% 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVMC charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, CVMC currently yields 1.17% against 3.00% for SCHD.
Holdings Overlap
5.6% of CVMC's money is in holdings SCHD also owns. 15.0% of SCHD's money is in holdings CVMC also owns.
SCHD and CVMC share little of their money.
28 positions in common, counted across the 589 positions we hold weights for in CVMC and 100 in SCHD, against full books of 595 and 103.
What only one of them owns
Our book lists 71 positions for SCHD that do not appear in our book for CVMC (85.0% of the fund), and 548 for CVMC that do not appear in SCHD (91.8%).
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 CVMC | Weight in SCHD | Difference |
|---|---|---|---|
| TGTTarget Corp Common Stock Usd.0833 | 0.63% | 1.78% | 1.15% |
| FASTFastenal Co. | 0.47% | 1.38% | 0.91% |
| FITBFifth Third Bancorp | 0.44% | 1.19% | 0.75% |
| PAYXPaychex, Inc. | 0.39% | 1.00% | 0.61% |
| KMBKimberly-Clark Corp. | 0.31% | 0.87% | 0.56% |
| ARESAres Management Corp A | 0.26% | 0.74% | 0.48% |
| HSYHershey Co. | 0.24% | 0.64% | 0.40% |
| CINFCincinnati Financial Corp. | 0.23% | 0.64% | 0.41% |
| RFRegions Financial Corp. | 0.23% | 0.62% | 0.39% |
| DRIDarden Restaurants Inc. | 0.23% | 0.60% | 0.37% |
You are not choosing between two funds in isolation.
Whichever of CVMC 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, CVMC or SCHD?
CVMC has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, CVMC or SCHD?
Over the past year CVMC returned +18.89% vs +30.18% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), CVMC annualized +11.94% vs +12.08% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVMC or SCHD?
CVMC has been the more volatile fund at 15.5% annualized versus 13.2% for SCHD. Worst drawdown: CVMC -22.5% vs SCHD -16.1%.
Should I hold both CVMC and SCHD?
CVMC and SCHD have a monthly-return correlation of 0.74, 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 CVMC and SCHD?
15.0% of SCHD's money is in holdings CVMC also owns. 15.0% of SCHD's is in holdings CVMC also owns. They hold 28 positions in common, counted across the 589 positions we hold weights for in CVMC and 100 in SCHD.
Which pays a higher dividend, CVMC or SCHD?
CVMC yields 1.17% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CVMC?
SCHD has a lower expense ratio. CVMC led over 3Y, SCHD over 1Y and the full window. CVMC is less concentrated, with 5.8% 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.