DMX vs SCHD
DoubleLine Multi-Sector Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DMX offers more diversification with 251 holdings.
Side-by-Side Comparison
| Metric | DMX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $98M | $103.7B | |
| Dividend Yield | 5.89% | 3.31% | |
| Holdings | 532 | 104 | |
| YTD Return | +1.80% | +25.33% | |
| 1Y Return | +4.77% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 1.8% | 13.6% | |
| Max Drawdown | -2.6% | -33.4% | |
| Fund Family | DoubleLine Funds | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 29, 2024 | Oct 20, 2011 |
DMX vs SCHD Performance
DoubleLine Multi-Sector Income ETF (DMX) is a ETF from DoubleLine Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DMX returned +4.77% while SCHD returned +32.31%. Year to date, DMX is up 1.80% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 1.8% for DMX. 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 -2.6% for DMX and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DMX charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, DMX currently yields 5.89% against 3.31% for SCHD.
Holdings Overlap
DMX and SCHD share 0 holdings out of 351 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DMX or SCHD?
DMX has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, DMX or SCHD?
Over the past year DMX returned +4.77% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), DMX annualized +5.32% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, DMX or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 1.8% for DMX. Worst drawdown: DMX -2.6% vs SCHD -33.4%.
Should I hold both DMX and SCHD?
DMX and SCHD have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DMX and SCHD?
DMX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 351 unique securities.
Which pays a higher dividend, DMX or SCHD?
DMX yields 5.89% while SCHD yields 3.31%, so DMX currently pays the higher dividend yield.
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