FMKT vs SCHD
The Free Markets ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | FMKT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.06% | |
| AUM | $12M | $108.7B | |
| Dividend Yield | 2.14% | 3.13% | |
| Holdings | 45 | 104 | |
| YTD Return | +2.67% | +26.50% | |
| 1Y Return | +5.94% | +31.25% | |
| 3Y Return (annualized) | - | +16.34% | |
| 5Y Return (annualized) | - | +10.10% | |
| Volatility (annualized) | 14.2% | 13.6% | |
| Max Drawdown | -17.8% | -33.4% | |
| Fund Family | Tidal ETF Trust | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 9, 2025 | Oct 20, 2011 |
FMKT vs SCHD Performance
The Free Markets ETF (FMKT) is a ETF from Tidal ETF Trust and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FMKT returned +5.94% while SCHD returned +31.25%. Year to date, FMKT is up 2.67% versus a gain of 26.50% for SCHD.
Risk: Volatility and Drawdowns
FMKT has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 13.6% 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 -17.8% for FMKT 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FMKT charges 0.76% per year while SCHD charges 0.06%. On a $10,000 position that is $76 vs $6 annually, a gap of $70 per year that compounds over a long holding period. On income, FMKT currently yields 2.14% against 3.13% for SCHD.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, FMKT or SCHD?
FMKT has an expense ratio of 0.76% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, FMKT or SCHD?
Over the past year FMKT returned +5.94% vs +31.25% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), FMKT annualized +13.72% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, FMKT or SCHD?
FMKT has been the more volatile fund at 14.2% annualized versus 13.6% for SCHD. Worst drawdown: FMKT -17.8% vs SCHD -33.4%.
Should I hold both FMKT and SCHD?
FMKT and SCHD have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FMKT and SCHD?
FMKT and SCHD share 2 common holdings with a 3.5% weight overlap. Combined, they hold 142 unique securities.
Which pays a higher dividend, FMKT or SCHD?
FMKT yields 2.14% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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