FMCE vs SCHD
FM Compounders Equity ETF vs Schwab US Dividend Equity ETF
Which is better, FMCE or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 54.8%.
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 | FMCE | SCHD |
|---|---|---|
| Expense Ratio | 0.71% | 0.06%Best |
| AUM | $69M | $112.1B |
| Dividend Yield | 2.82% | 3.00% |
| Holdings | 31 | 103 |
| YTD Return | +9.56% | +23.60%Best |
| 1Y Return | +9.13% | +28.29%Best |
| 3Y Return (annualized) | - | +16.25% |
| 5Y Return (annualized) | - | +10.25% |
| Volatility (annualized) | 11.4%Best | 14.2% |
| Max Drawdown | -11.7%Best | -16.1% |
| $10,000 over 1.9 years | $11,898 | $12,386Best |
| Top 10 Weight | 54.8% | 41.8%Best |
| Fund Family | First Manhattan | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 8, 2024 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 11, 2024 to Sep 21, 2026 (1.9 years).
FMCE 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 1.9 years both funds cover.
FMCE vs SCHD Performance
FM Compounders Equity ETF (FMCE) is an ETF from First Manhattan and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FMCE returned +9.13% while SCHD returned +28.29%. Year to date, FMCE is up 9.56% versus a gain of 23.60% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 11.4% for FMCE. 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 -11.7% for FMCE 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 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FMCE charges 0.71% per year while SCHD charges 0.06%. On a $10,000 position that is $71 vs $6 annually, a gap of $65 per year that compounds over a long holding period. On income, FMCE currently yields 2.82% against 3.00% for SCHD.
Holdings Overlap
2.7% of FMCE's money is in holdings SCHD also owns. 3.8% of SCHD's money is in holdings FMCE also owns.
SCHD and FMCE share little of their money.
The two holdings books were reported 92 days apart, FMCE as of May 31, 2026 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.
1 positions in common, counted across the 31 positions we hold weights for in FMCE and 100 in SCHD, against full books of 31 and 103.
What only one of them owns
Our book lists 98 positions for SCHD that do not appear in our book for FMCE (96.1% of the fund), and 27 for FMCE that do not appear in SCHD (91.1%).
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 FMCE | Weight in SCHD | Difference |
|---|---|---|---|
| UNHUnitedhealth Group Incorporated | 2.67% | 3.82% | 1.15% |
You are not choosing between two funds in isolation.
Whichever of FMCE 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, FMCE or SCHD?
FMCE has an expense ratio of 0.71% while SCHD charges 0.06%. SCHD is the cheaper option, by $65 a year on a $10,000 investment.
Which performed better, FMCE or SCHD?
Over the past year FMCE returned +9.13% vs +28.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), FMCE annualized +9.58% vs +11.92% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMCE or SCHD?
SCHD has been the more volatile fund at 14.2% annualized versus 11.4% for FMCE. Worst drawdown: FMCE -11.7% vs SCHD -16.1%.
Should I hold both FMCE and SCHD?
FMCE and SCHD have a monthly-return correlation of 0.43, 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 FMCE and SCHD?
3.8% of SCHD's money is in holdings FMCE also owns. 3.8% of SCHD's is in holdings FMCE also owns. They hold 1 positions in common, counted across the 31 positions we hold weights for in FMCE and 100 in SCHD.
Which pays a higher dividend, FMCE or SCHD?
FMCE yields 2.82% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FMCE?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 54.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.