MDYV vs SCHD
State Street SPDR S&P 400 Mid Cap Value ETF vs Schwab US Dividend Equity ETF
Which is better, MDYV or SCHD?
Mid Cap Value against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. MDYV is less concentrated, with 10.2% 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 | MDYV | SCHD |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $2.8B | $112.1B |
| Dividend Yield | 1.67% | 3.00% |
| Holdings | 299 | 103 |
| YTD Return | +9.92% | +24.96%Best |
| 1Y Return | +13.14% | +28.75%Best |
| 3Y Return (annualized) | +13.45% | +15.71%Best |
| 5Y Return (annualized) | +8.49% | +9.86%Best |
| Volatility (annualized) | 17.9% | 13.6%Best |
| Max Drawdown | -46.4% | -33.4%Best |
| $10,000 over 5 years | $15,030 | $16,003Best |
| Top 10 Weight | 10.2%Best | 41.8% |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Nov 8, 2005 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 9, 2026 (14.9 years).
MDYV 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 14.9 years both funds cover.
MDYV vs SCHD Performance
State Street SPDR S&P 400 Mid Cap Value ETF (MDYV) is an ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year MDYV returned +13.14% while SCHD returned +28.75%. Year to date, MDYV is up 9.92% versus a gain of 24.96% for SCHD.
Over three years, MDYV compounded at +13.45% per year against +15.71% for SCHD; over five years the annualized figures are +8.49% and +9.86% respectively. Across the full 15-year window we track, SCHD has the edge at +11.36% annualized vs +10.16%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MDYV has been the more volatile fund, with annualized monthly volatility of 17.9% 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 -46.4% for MDYV and -33.4% 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MDYV 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, MDYV currently yields 1.67% against 3.00% for SCHD.
Holdings Overlap
6.2% of MDYV's money is in holdings SCHD also owns. 3.4% of SCHD's money is in holdings MDYV also owns.
MDYV and SCHD share little of their money.
17 positions in common, counted across the 298 positions we hold weights for in MDYV and 100 in SCHD, against full books of 299 and 103.
What only one of them owns
Our book lists 82 positions for SCHD that do not appear in our book for MDYV (96.6% of the fund), and 273 for MDYV that do not appear in SCHD (91.6%).
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 MDYV | Weight in SCHD | Difference |
|---|---|---|---|
| DINOHF Sinclair Corp | 0.76% | 0.38% | 0.38% |
| FNFFidelity Nationa | 0.73% | 0.29% | 0.44% |
| WSOWatsco Inc | 0.66% | 0.26% | 0.40% |
| EWBCEast West Bancorp, Inc. | 0.50% | 0.42% | 0.08% |
| COLBColumbia Banking System Inc Common Stock | 0.52% | 0.21% | 0.31% |
| BAHBooz Allen Hamilton Holding Corp. | 0.50% | 0.22% | 0.28% |
| AFGAmerican Financial Group Inc/Oh | 0.33% | 0.24% | 0.09% |
| MMacy'S Inc. | 0.39% | 0.14% | 0.25% |
| ORIOld Republic International Corp | 0.26% | 0.23% | 0.03% |
| OZKBank Ozk | 0.30% | 0.12% | 0.18% |
You are not choosing between two funds in isolation.
Whichever of MDYV 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, MDYV or SCHD?
MDYV 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, MDYV or SCHD?
Over the past year MDYV returned +13.14% vs +28.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), MDYV annualized +10.16% vs +11.36% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MDYV or SCHD?
MDYV has been the more volatile fund at 17.9% annualized versus 13.6% for SCHD. Worst drawdown: MDYV -46.4% vs SCHD -33.4%.
Should I hold both MDYV and SCHD?
MDYV and SCHD have a monthly-return correlation of 0.87, 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 MDYV and SCHD?
6.2% of MDYV's money is in holdings SCHD also owns. 3.4% of SCHD's is in holdings MDYV also owns. They hold 17 positions in common, counted across the 298 positions we hold weights for in MDYV and 100 in SCHD.
Which pays a higher dividend, MDYV or SCHD?
MDYV yields 1.67% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than MDYV?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. MDYV is less concentrated, with 10.2% 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.