MCVT vs SCHD
Miller Convertible Total Return ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | MCVT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.06% | |
| AUM | $14M | $108.7B | |
| Dividend Yield | 0.03% | 3.13% | |
| Holdings | 30 | 104 | |
| YTD Return | +12.43% | +27.93% | |
| 1Y Return | - | +30.06% | |
| 3Y Return (annualized) | - | +16.25% | |
| 5Y Return (annualized) | - | +10.03% | |
| Volatility (annualized) | - | 13.6% | |
| Max Drawdown | -2.9% | -33.4% | |
| Fund Family | The Miller Family Of Funds | Charles Schwab Asset Management | |
| Category | Convertible | Equity | |
| Inception | Mar 24, 2026 | Oct 20, 2011 |
MCVT vs SCHD Performance
Miller Convertible Total Return ETF (MCVT) is a ETF from The Miller Family Of Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Year to date, MCVT is up 12.43% versus a gain of 27.93% for SCHD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.9% for MCVT and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
MCVT charges 0.85% per year while SCHD charges 0.06%. On a $10,000 position that is $85 vs $6 annually, a gap of $79 per year that compounds over a long holding period. On income, MCVT currently yields 0.03% against 3.13% for SCHD.
Holdings Overlap
MCVT and SCHD share 0 holdings out of 111 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, MCVT or SCHD?
MCVT has an expense ratio of 0.85% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
What is the holdings overlap between MCVT and SCHD?
MCVT and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 111 unique securities.
Which pays a higher dividend, MCVT or SCHD?
MCVT yields 0.03% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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