FSML vs SCHD
Franklin Small Cap Enhanced ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. FSML offers more diversification with 306 holdings.
Side-by-Side Comparison
| Metric | FSML | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.06% | |
| AUM | $153M | $108.7B | |
| Dividend Yield | 0.40% | 3.13% | |
| Holdings | 306 | 104 | |
| YTD Return | +25.17% | +25.69% | |
| 1Y Return | - | +30.41% | |
| 3Y Return (annualized) | - | +16.03% | |
| 5Y Return (annualized) | - | +9.64% | |
| Volatility (annualized) | - | 13.6% | |
| Max Drawdown | -10.8% | -33.4% | |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 9, 2025 | Oct 20, 2011 |
FSML vs SCHD Performance
Franklin Small Cap Enhanced ETF (FSML) is a ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Year to date, FSML is up 25.17% versus a gain of 25.69% for SCHD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -10.8% for FSML and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FSML charges 0.45% per year while SCHD charges 0.06%. On a $10,000 position that is $45 vs $6 annually, a gap of $39 per year that compounds over a long holding period. On income, FSML currently yields 0.40% against 3.13% for SCHD.
Holdings Overlap
FSML and SCHD share 9 holdings out of 393 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FSML or SCHD?
FSML has an expense ratio of 0.45% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
What is the holdings overlap between FSML and SCHD?
FSML and SCHD share 9 common holdings with a 0.5% weight overlap. Combined, they hold 393 unique securities.
Which pays a higher dividend, FSML or SCHD?
FSML yields 0.40% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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