FMCX vs SCHD
FM Focus Equity ETF vs Schwab US Dividend Equity ETF
Which is better, FMCX or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window.
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 | FMCX | SCHD |
|---|---|---|
| Expense Ratio | 0.72% | 0.06%Best |
| AUM | $115M | $119.9B |
| Dividend Yield | 0.30% | 2.96% |
| Holdings | 32 | 204 |
| YTD Return | +5.96% | +32.75%Best |
| 1Y Return | +6.03% | +36.78%Best |
| 3Y Return (annualized) | +14.81% | +20.20%Best |
| 5Y Return (annualized) | - | +10.24% |
| Volatility (annualized) | 15.5%Best | 15.6% |
| Max Drawdown | -18.5% | -16.1%Best |
| $10,000 over 4.6 years | $15,035 | $16,384Best |
| Fund Family | First Manhattan | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Apr 22, 2022 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Apr 25, 2022 to Nov 12, 2026 (4.6 years).
FMCX 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 4.6 years both funds cover.
FMCX vs SCHD Performance
FM Focus Equity ETF (FMCX) 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 FMCX returned +6.03% while SCHD returned +36.78%. Year to date, FMCX is up 5.96% versus a gain of 32.75% for SCHD.
Over three years, FMCX compounded at +14.81% per year against +20.20% 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 15.6% compared with 15.5% for FMCX. 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 -18.5% for FMCX 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 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FMCX charges 0.72% per year while SCHD charges 0.06%. On a $10,000 position that is $72 vs $6 annually, a gap of $66 per year that compounds over a long holding period. On income, FMCX currently yields 0.30% against 2.96% for SCHD.
Holdings Overlap
We hold position weights for 28 holdings in FMCX and 98 in SCHD, totalling 88.0% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 28 positions we hold weights for in FMCX and 98 in SCHD, against full books of 32 and 204.
You are not choosing between two funds in isolation.
Whichever of FMCX 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, FMCX or SCHD?
FMCX has an expense ratio of 0.72% while SCHD charges 0.06%. SCHD is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, FMCX or SCHD?
Over the past year FMCX returned +6.03% vs +36.78% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMCX or SCHD?
SCHD has been the more volatile fund at 15.6% annualized versus 15.5% for FMCX. Worst drawdown: FMCX -18.5% vs SCHD -16.1%.
Should I hold both FMCX and SCHD?
FMCX and SCHD have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FMCX or SCHD?
FMCX yields 0.30% while SCHD yields 2.96%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FMCX?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.