KMLM vs SCHD
KraneShares Mount Lucas Managed Futures Index Strategy ETF vs Schwab US Dividend Equity ETF
Which is better, KMLM or SCHD?
Multi Alternative against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
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 | KMLM | SCHD |
|---|---|---|
| Expense Ratio | 0.90% | 0.06%Best |
| AUM | $410M | $112.2B |
| Dividend Yield | 4.47% | 3.13% |
| Holdings | 32 | 103 |
| YTD Return | +14.94% | +28.59%Best |
| 1Y Return | +16.95% | +31.77%Best |
| 3Y Return (annualized) | -0.18% | +16.70%Best |
| 5Y Return (annualized) | +6.38% | +10.09%Best |
| Volatility (annualized) | 12.8%Best | 14.6% |
| Max Drawdown | -27.5% | -16.9%Best |
| $10,000 over 5 years | $13,624 | $16,171Best |
| Fund Family | KraneShares | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Dec 1, 2020 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 2, 2020 to Sep 3, 2026 (5.8 years).
KMLM 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 5.8 years both funds cover.
KMLM vs SCHD Performance
KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) is an ETF from KraneShares and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year KMLM returned +16.95% while SCHD returned +31.77%. Year to date, KMLM is up 14.94% versus a gain of 28.59% for SCHD.
Over three years, KMLM compounded at -0.18% per year against +16.70% for SCHD; over five years the annualized figures are +6.38% and +10.09% respectively. Across the full 6-year window we track, SCHD has the edge at +12.77% annualized vs +7.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 12.8% for KMLM. 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 -27.5% for KMLM and -16.9% 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 -0.20. They move largely independently of each other.
Fees and Cost Over Time
KMLM charges 0.90% per year while SCHD charges 0.06%. On a $10,000 position that is $90 vs $6 annually, a gap of $84 per year that compounds over a long holding period. On income, KMLM currently yields 4.47% against 3.13% for SCHD.
Holdings Overlap
At least 9.7% of SCHD's money is in holdings KMLM also owns.
Stated as a floor: for KMLM, our book for it covers 0.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and KMLM share little of their money.
3 positions in common, counted across the 15 positions we hold weights for in KMLM and 100 in SCHD, against full books of 32 and 103.
You are not choosing between two funds in isolation.
Whichever of KMLM 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, KMLM or SCHD?
KMLM has an expense ratio of 0.90% while SCHD charges 0.06%. SCHD is the cheaper option, by $84 a year on a $10,000 investment.
Which performed better, KMLM or SCHD?
Over the past year KMLM returned +16.95% vs +31.77% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), KMLM annualized +7.71% vs +12.77% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KMLM or SCHD?
SCHD has been the more volatile fund at 14.6% annualized versus 12.8% for KMLM. Worst drawdown: KMLM -27.5% vs SCHD -16.9%.
Should I hold both KMLM and SCHD?
KMLM and SCHD have a monthly-return correlation of -0.20, 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 KMLM and SCHD?
At least 9.7% of SCHD's money is in holdings KMLM also owns. Our book for KMLM is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 15 positions we hold weights for in KMLM and 100 in SCHD.
Which pays a higher dividend, KMLM or SCHD?
KMLM yields 4.47% while SCHD yields 3.13%, so KMLM currently pays the higher dividend yield.
Is SCHD better than KMLM?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.