IQSM vs SCHD
NYLIM Candriam US Mid Cap Equity ETF vs Schwab US Dividend Equity ETF
Which is better, IQSM or SCHD?
Mid Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. IQSM is less concentrated, with 9.6% of the fund in its ten largest positions against 41.8%.
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 | IQSM | SCHD |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $342M | $112.1B |
| Dividend Yield | 1.03% | 3.00% |
| Holdings | 248 | 103 |
| YTD Return | +13.80% | +25.07%Best |
| 1Y Return | +15.24% | +27.61%Best |
| 3Y Return (annualized) | +13.77% | +15.74%Best |
| 5Y Return (annualized) | - | +9.89% |
| Volatility (annualized) | 16.5% | 13.4%Best |
| Max Drawdown | -23.7% | -16.1%Best |
| $10,000 over 3.9 years | $16,090 | $16,336Best |
| Top 10 Weight | 9.6%Best | 41.8% |
| Fund Family | New York Life Investments | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Oct 25, 2022 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Oct 25, 2022 to Sep 11, 2026 (3.9 years).
IQSM 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 covers the 3.9 years both funds cover.
IQSM vs SCHD Performance
NYLIM Candriam US Mid Cap Equity ETF (IQSM) is an ETF from New York Life Investments and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year IQSM returned +15.24% while SCHD returned +27.61%. Year to date, IQSM is up 13.80% versus a gain of 25.07% for SCHD.
Over three years, IQSM compounded at +13.77% per year against +15.74% for SCHD. Across the full 4-year window we track, SCHD has the edge at +13.41% annualized vs +12.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IQSM has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 13.4% 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 -23.7% for IQSM and -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IQSM charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, IQSM currently yields 1.03% against 3.00% for SCHD.
Holdings Overlap
3.4% of IQSM's money is in holdings SCHD also owns. 2.4% of SCHD's money is in holdings IQSM also owns.
IQSM and SCHD share little of their money.
10 positions in common, counted across the 246 positions we hold weights for in IQSM and 100 in SCHD, against full books of 248 and 103.
What only one of them owns
Our book lists 89 positions for SCHD that do not appear in our book for IQSM (97.5% of the fund), and 228 for IQSM that do not appear in SCHD (94.6%).
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 IQSM | Weight in SCHD | Difference |
|---|---|---|---|
| BBYBest Buy Co. Inc. | 0.67% | 0.38% | 0.29% |
| DINOHollyfrontier | 0.54% | 0.38% | 0.16% |
| EWBCEast West Bancorp, Inc. | 0.36% | 0.42% | 0.06% |
| AFGAmerican Financial Group Inc/Oh | 0.40% | 0.24% | 0.16% |
| SWKSSkyworks Solutions Inc. | 0.37% | 0.25% | 0.12% |
| ORIOld Republic International Corp | 0.38% | 0.23% | 0.15% |
| ALVAutoliv, Inc. Com | 0.30% | 0.20% | 0.10% |
| COLBColumbia Banking System Inc Common Stock | 0.19% | 0.21% | 0.02% |
| CWENClearway Energy Inc | 0.14% | 0.09% | 0.05% |
| CNACna Financial Corp | 0.04% | 0.03% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of IQSM 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, IQSM or SCHD?
IQSM has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, IQSM or SCHD?
Over the past year IQSM returned +15.24% vs +27.61% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), IQSM annualized +12.97% vs +13.41% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IQSM or SCHD?
IQSM has been the more volatile fund at 16.5% annualized versus 13.4% for SCHD. Worst drawdown: IQSM -23.7% vs SCHD -16.1%.
Should I hold both IQSM and SCHD?
IQSM and SCHD have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IQSM and SCHD?
3.4% of IQSM's money is in holdings SCHD also owns. 2.4% of SCHD's is in holdings IQSM also owns. They hold 10 positions in common, counted across the 246 positions we hold weights for in IQSM and 100 in SCHD.
Which pays a higher dividend, IQSM or SCHD?
IQSM yields 1.03% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than IQSM?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. IQSM is less concentrated, with 9.6% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.