MCH vs SCHD
Matthews China Active ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | MCH | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.06% | |
| AUM | $23M | $103.7B | |
| Dividend Yield | 1.72% | 3.31% | |
| Holdings | 65 | 104 | |
| YTD Return | +0.22% | +24.26% | |
| 1Y Return | +14.00% | +31.38% | |
| 3Y Return (annualized) | +11.18% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 30.7% | 13.6% | |
| Max Drawdown | -40.5% | -33.4% | |
| Fund Family | Matthews Asia Funds | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 13, 2022 | Oct 20, 2011 |
MCH vs SCHD Performance
Matthews China Active ETF (MCH) is a ETF from Matthews Asia Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MCH returned +14.00% while SCHD returned +31.38%. Year to date, MCH is up 0.22% versus a gain of 24.26% for SCHD.
Over three years, MCH compounded at +11.18% per year against +15.08% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.39% annualized vs +5.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCH has been the more volatile fund, with annualized monthly volatility of 30.7% compared with 13.6% 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 -40.5% for MCH 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MCH charges 0.79% per year while SCHD charges 0.06%. On a $10,000 position that is $79 vs $6 annually, a gap of $73 per year that compounds over a long holding period. On income, MCH currently yields 1.72% against 3.31% for SCHD.
Holdings Overlap
MCH and SCHD share 0 holdings out of 155 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, MCH or SCHD?
MCH has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, MCH or SCHD?
Over the past year MCH returned +14.00% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), MCH annualized +5.23% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, MCH or SCHD?
MCH has been the more volatile fund at 30.7% annualized versus 13.6% for SCHD. Worst drawdown: MCH -40.5% vs SCHD -33.4%.
Should I hold both MCH and SCHD?
MCH and SCHD have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MCH and SCHD?
MCH and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 155 unique securities.
Which pays a higher dividend, MCH or SCHD?
MCH yields 1.72% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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