IMCV vs SCHD
iShares Morningstar Mid-Cap Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD delivered stronger 1-year returns. IMCV offers more diversification with 275 holdings.
Side-by-Side Comparison
| Metric | IMCV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.06% | |
| AUM | $1.2B | $108.7B | |
| Dividend Yield | 1.81% | 3.13% | |
| Holdings | 275 | 104 | |
| YTD Return | +19.41% | +28.70% | |
| 1Y Return | +27.81% | +32.27% | |
| 3Y Return (annualized) | +19.02% | +17.27% | |
| 5Y Return (annualized) | +11.34% | +10.23% | |
| Volatility (annualized) | 17.7% | 13.7% | |
| Max Drawdown | -66.5% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2004 | Oct 20, 2011 |
IMCV vs SCHD Performance
iShares Morningstar Mid-Cap Value ETF (IMCV) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IMCV returned +27.81% while SCHD returned +32.27%. Year to date, IMCV is up 19.41% versus a gain of 28.70% for SCHD.
Over three years, IMCV compounded at +19.02% per year against +17.27% for SCHD; over five years the annualized figures are +11.34% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.63% annualized vs +8.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IMCV has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 13.7% 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 -66.5% for IMCV 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IMCV charges 0.06% per year while SCHD charges 0.06%. On a $10,000 position that is $6 vs $6 annually. On income, IMCV currently yields 1.81% against 3.13% for SCHD.
Holdings Overlap
IMCV and SCHD share 24 holdings out of 347 unique holdings combined, representing a 12.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IMCV or SCHD?
IMCV has an expense ratio of 0.06% while SCHD charges 0.06%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, IMCV or SCHD?
Over the past year IMCV returned +27.81% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IMCV annualized +8.06% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, IMCV or SCHD?
IMCV has been the more volatile fund at 17.7% annualized versus 13.7% for SCHD. Worst drawdown: IMCV -66.5% vs SCHD -33.4%.
Should I hold both IMCV and SCHD?
IMCV and SCHD have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IMCV and SCHD?
IMCV and SCHD share 24 common holdings with a 12.3% weight overlap. Combined, they hold 347 unique securities.
Which pays a higher dividend, IMCV or SCHD?
IMCV yields 1.81% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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