FMED vs SCHD
Fidelity Disruptive Medicine ETF vs Schwab US Dividend Equity ETF
Which is better, FMED or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. FMED led over 1Y, SCHD over 3Y and the full window. FMED is less concentrated, with 33.4% 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 | FMED | SCHD |
|---|---|---|
| Expense Ratio | 0.50% | 0.06%Best |
| AUM | $45M | $112.1B |
| Dividend Yield | 0.00% | 3.00% |
| Holdings | 77 | 103 |
| YTD Return | +17.48% | +21.99%Best |
| 1Y Return | +29.27%Best | +25.92% |
| 3Y Return (annualized) | +13.01% | +15.66%Best |
| 5Y Return (annualized) | - | +9.48% |
| Volatility (annualized) | 19.4% | 13.5%Best |
| Max Drawdown | -21.8% | -16.1%Best |
| $10,000 over 3.3 years | $12,625 | $15,638Best |
| Top 10 Weight | 33.4%Best | 41.8% |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Feb 13, 2023 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 12, 2023 to Sep 23, 2026 (3.3 years).
FMED 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 3.3 years both funds cover.
FMED vs SCHD Performance
Fidelity Disruptive Medicine ETF (FMED) is an ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FMED returned +29.27% while SCHD returned +25.92%. Year to date, FMED is up 17.48% versus a gain of 21.99% for SCHD.
Over three years, FMED compounded at +13.01% per year against +15.66% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMED has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 13.5% 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 -21.8% for FMED 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 0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FMED 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, FMED currently yields 0.00% against 3.00% for SCHD.
Holdings Overlap
1.6% of FMED's money is in holdings SCHD also owns. 3.8% of SCHD's money is in holdings FMED also owns.
SCHD and FMED share little of their money.
1 positions in common, counted across the 72 positions we hold weights for in FMED and 100 in SCHD, against full books of 77 and 103.
What only one of them owns
Our book lists 98 positions for SCHD that do not appear in our book for FMED (96.1% of the fund), and 61 for FMED that do not appear in SCHD (84.0%).
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 FMED | Weight in SCHD | Difference |
|---|---|---|---|
| UNHUnitedhealth Group Incorporated | 1.61% | 3.82% | 2.21% |
You are not choosing between two funds in isolation.
Whichever of FMED 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, FMED or SCHD?
FMED has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, FMED or SCHD?
Over the past year FMED returned +29.27% vs +25.92% for SCHD, so FMED leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMED or SCHD?
FMED has been the more volatile fund at 19.4% annualized versus 13.5% for SCHD. Worst drawdown: FMED -21.8% vs SCHD -16.1%.
Should I hold both FMED and SCHD?
FMED and SCHD have a monthly-return correlation of 0.41, 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 FMED and SCHD?
3.8% of SCHD's money is in holdings FMED also owns. 3.8% of SCHD's is in holdings FMED also owns. They hold 1 positions in common, counted across the 72 positions we hold weights for in FMED and 100 in SCHD.
Which pays a higher dividend, FMED or SCHD?
FMED yields 0.00% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FMED?
SCHD has a lower expense ratio. FMED led over 1Y, SCHD over 3Y and the full window. FMED is less concentrated, with 33.4% 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.