FNCMX vs SCHD
Fidelity NASDAQ Composite Index vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FNCMX offers more diversification with 2826 holdings.
Side-by-Side Comparison
| Metric | FNCMX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.06% | |
| AUM | - | $103.7B | |
| Dividend Yield | 0.45% | 3.31% | |
| Holdings | 2,946 | 104 | |
| YTD Return | +14.18% | +25.58% | |
| 1Y Return | +23.74% | +31.06% | |
| 3Y Return (annualized) | +24.52% | +15.55% | |
| 5Y Return (annualized) | +12.53% | +9.61% | |
| Volatility (annualized) | 20.1% | 13.6% | |
| Max Drawdown | -36.8% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2003 | Oct 20, 2011 |
FNCMX vs SCHD Performance
Fidelity NASDAQ Composite Index (FNCMX) is a mutual fund from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FNCMX returned +23.74% while SCHD returned +31.06%. Year to date, FNCMX is up 14.18% versus a gain of 25.58% for SCHD.
Over three years, FNCMX compounded at +24.52% per year against +15.55% for SCHD; over five years the annualized figures are +12.53% and +9.61% respectively. Across the full 5-year window we track, FNCMX has the edge at +12.53% annualized vs +11.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNCMX has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -36.8% for FNCMX 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FNCMX charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, FNCMX currently yields 0.45% against 3.31% for SCHD.
Holdings Overlap
FNCMX and SCHD share 38 holdings out of 2888 unique holdings combined, representing a 3.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FNCMX or SCHD?
FNCMX has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, FNCMX or SCHD?
Over the past year FNCMX returned +23.74% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), FNCMX annualized +12.53% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, FNCMX or SCHD?
FNCMX has been the more volatile fund at 20.1% annualized versus 13.6% for SCHD. Worst drawdown: FNCMX -36.8% vs SCHD -33.4%.
Should I hold both FNCMX and SCHD?
FNCMX and SCHD have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FNCMX and SCHD?
FNCMX and SCHD share 38 common holdings with a 3.3% weight overlap. Combined, they hold 2888 unique securities.
Which pays a higher dividend, FNCMX or SCHD?
FNCMX yields 0.45% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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