FSML vs SCHD
Franklin Small Cap Enhanced ETF vs Schwab US Dividend Equity ETF
Which is better, FSML or SCHD?
Small Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. FSML is less concentrated, with 13.1% of the fund in its ten largest positions against 41.5%.
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 | FSML | SCHD |
|---|---|---|
| Expense Ratio | 0.45% | 0.06%Best |
| AUM | $150M | $112.2B |
| Dividend Yield | 0.40% | 3.13% |
| Holdings | 306 | 103 |
| YTD Return | +22.23% | +27.56%Best |
| 1Y Return | - | +30.29% |
| 3Y Return (annualized) | - | +16.37% |
| 5Y Return (annualized) | - | +10.23% |
| Top 10 Weight | 13.1%Best | 41.5% |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Dec 9, 2025 | Oct 20, 2011 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FSML 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FSML vs SCHD Performance
Franklin Small Cap Enhanced ETF (FSML) is an ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Year to date, FSML is up 22.23% versus a gain of 27.56% for SCHD.
Past performance does not guarantee future results.
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
3.7% of FSML's money is in holdings SCHD also owns. 0.6% of SCHD's money is in holdings FSML also owns.
FSML and SCHD share little of their money.
11 positions in common, counted across the 298 positions we hold weights for in FSML and 100 in SCHD, against full books of 306 and 103.
What only one of them owns
Our book lists 88 positions for SCHD that do not appear in our book for FSML (99.2% of the fund), and 272 for FSML that do not appear in SCHD (90.0%).
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 FSML | Weight in SCHD | Difference |
|---|---|---|---|
| KFYKorn Ferry | 1.30% | 0.11% | 1.19% |
| BKEBuckle Inc/the | 0.82% | 0.04% | 0.78% |
| APAMArtisan Partners Asset Management, Inc. | 0.75% | 0.08% | 0.67% |
| MCMoelis + Co Class A | 0.09% | 0.12% | 0.03% |
| CNSCohen & Steers Inc | 0.11% | 0.06% | 0.05% |
| OFG:PROfg Bancorp Common Stock | 0.11% | 0.06% | 0.05% |
| VRTSVirtus Investment Partners Inc | 0.13% | 0.03% | 0.10% |
| PFBCPreferred Bank La | 0.10% | 0.03% | 0.07% |
| IBCPIndependent Bank Corp/mi Common Stock Usd1.0 | 0.10% | 0.02% | 0.08% |
| OXMOxford Industries Inc | 0.11% | 0.01% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of FSML 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, FSML or SCHD?
FSML has an expense ratio of 0.45% while SCHD charges 0.06%. SCHD is the cheaper option, by $39 a year on a $10,000 investment.
What is the holdings overlap between FSML and SCHD?
3.7% of FSML's money is in holdings SCHD also owns. 0.6% of SCHD's is in holdings FSML also owns. They hold 11 positions in common, counted across the 298 positions we hold weights for in FSML and 100 in SCHD.
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.
Is SCHD better than FSML?
SCHD has a lower expense ratio. FSML is less concentrated, with 13.1% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.