FDWM vs SCHD
Fidelity Womens Leadership ETF vs Schwab US Dividend Equity ETF
Which is better, FDWM or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. FDWM led over the full window, SCHD over 1Y. FDWM is less concentrated, with 36.7% 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 | FDWM | SCHD |
|---|---|---|
| Expense Ratio | 0.59% | 0.06%Best |
| AUM | $5M | $112.1B |
| Dividend Yield | 0.52% | 3.00% |
| Holdings | 82 | 103 |
| Volatility (annualized) | 17.3% | 14.6%Best |
| Max Drawdown | -29.1% | -16.9%Best |
| $10,000 over 4.4 years | $13,877Best | $12,704 |
| Top 10 Weight | 36.7%Best | 41.8% |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 15, 2021 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 309 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FDWM has data through Nov 13, 2025 and SCHD through Sep 18, 2026.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Jun 17, 2021 to Nov 13, 2025 (4.4 years).
Risk: Volatility and Drawdowns
FDWM has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 14.6% 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 -29.1% for FDWM and -16.9% 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDWM charges 0.59% per year while SCHD charges 0.06%. On a $10,000 position that is $59 vs $6 annually, a gap of $53 per year that compounds over a long holding period. On income, FDWM currently yields 0.52% against 3.00% for SCHD.
Holdings Overlap
3.4% of FDWM's money is in holdings SCHD also owns. 12.8% of SCHD's money is in holdings FDWM also owns.
SCHD and FDWM share little of their money.
The two holdings books were reported 396 days apart, FDWM as of Jul 31, 2025 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 86 positions we hold weights for in FDWM and 100 in SCHD, against full books of 82 and 103.
What only one of them owns
Our book lists 95 positions for SCHD that do not appear in our book for FDWM (87.2% of the fund), and 80 for FDWM that do not appear in SCHD (93.7%).
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 FDWM 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, FDWM or SCHD?
FDWM has an expense ratio of 0.59% while SCHD charges 0.06%. SCHD is the cheaper option, by $53 a year on a $10,000 investment.
Which is riskier, FDWM or SCHD?
FDWM has been the more volatile fund at 17.3% annualized versus 14.6% for SCHD. Worst drawdown: FDWM -29.1% vs SCHD -16.9%.
Should I hold both FDWM and SCHD?
FDWM and SCHD have a monthly-return correlation of 0.78, 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 FDWM and SCHD?
12.8% of SCHD's money is in holdings FDWM also owns. 12.8% of SCHD's is in holdings FDWM also owns. They hold 3 positions in common, counted across the 86 positions we hold weights for in FDWM and 100 in SCHD.
Which pays a higher dividend, FDWM or SCHD?
FDWM yields 0.52% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FDWM?
SCHD has a lower expense ratio. FDWM led over the full window, SCHD over 1Y. FDWM is less concentrated, with 36.7% 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.