HDMV vs SCHD
First Trust Horizon Managed Volatility Developed International ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. HDMV offers more diversification with 163 holdings.
Side-by-Side Comparison
| Metric | HDMV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.06% | |
| AUM | $17M | $108.7B | |
| Dividend Yield | 3.99% | 3.13% | |
| Holdings | 163 | 104 | |
| YTD Return | +10.76% | +26.50% | |
| 1Y Return | +13.92% | +31.25% | |
| 3Y Return (annualized) | +16.23% | +16.34% | |
| 5Y Return (annualized) | +7.30% | +10.10% | |
| Volatility (annualized) | 12.8% | 13.6% | |
| Max Drawdown | -35.5% | -33.4% | |
| Fund Family | First Trust Portfolios (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Aug 24, 2016 | Oct 20, 2011 |
HDMV vs SCHD Performance
First Trust Horizon Managed Volatility Developed International ETF (HDMV) is a ETF from First Trust Portfolios (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HDMV returned +13.92% while SCHD returned +31.25%. Year to date, HDMV is up 10.76% versus a gain of 26.50% for SCHD.
Over three years, HDMV compounded at +16.23% per year against +16.34% for SCHD; over five years the annualized figures are +7.30% and +10.10% respectively. Across the full 10-year window we track, SCHD has the edge at +11.50% annualized vs +4.71%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.8% for HDMV. 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 -35.5% for HDMV 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HDMV charges 0.80% per year while SCHD charges 0.06%. On a $10,000 position that is $80 vs $6 annually, a gap of $74 per year that compounds over a long holding period. On income, HDMV currently yields 3.99% against 3.13% for SCHD.
Holdings Overlap
HDMV and SCHD share 0 holdings out of 249 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HDMV or SCHD?
HDMV has an expense ratio of 0.80% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, HDMV or SCHD?
Over the past year HDMV returned +13.92% vs +31.25% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), HDMV annualized +4.71% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, HDMV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.8% for HDMV. Worst drawdown: HDMV -35.5% vs SCHD -33.4%.
Should I hold both HDMV and SCHD?
HDMV and SCHD have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HDMV and SCHD?
HDMV and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 249 unique securities.
Which pays a higher dividend, HDMV or SCHD?
HDMV yields 3.99% while SCHD yields 3.13%, so HDMV currently pays the higher dividend yield.
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