MEGI vs SCHD
NYLI CBRE Global Infrastructure Megatrends Term Fund 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 | MEGI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.87% | 0.06% | |
| AUM | $842M | $103.7B | |
| Dividend Yield | 9.10% | 3.31% | |
| Holdings | 64 | 104 | |
| YTD Return | +14.40% | +25.62% | |
| 1Y Return | +16.98% | +32.62% | |
| 3Y Return (annualized) | +15.55% | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 22.9% | 13.6% | |
| Max Drawdown | -39.5% | -33.4% | |
| Fund Family | New York Life Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 27, 2021 | Oct 20, 2011 |
MEGI vs SCHD Performance
NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) is a ETF from New York Life Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MEGI returned +16.98% while SCHD returned +32.62%. Year to date, MEGI is up 14.40% versus a gain of 25.62% for SCHD.
Over three years, MEGI compounded at +15.55% per year against +15.58% for SCHD. Across the full 5-year window we track, SCHD has the edge at +11.47% annualized vs +3.71%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MEGI has been the more volatile fund, with annualized monthly volatility of 22.9% 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 -39.5% for MEGI 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MEGI charges 1.87% per year while SCHD charges 0.06%. On a $10,000 position that is $187 vs $6 annually, a gap of $181 per year that compounds over a long holding period. On income, MEGI currently yields 9.10% against 3.31% for SCHD.
Holdings Overlap
MEGI and SCHD share 1 holdings out of 160 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MEGI | Weight in SCHD | Difference |
|---|---|---|---|
| OKE | 2.64% | 1.50% | 1.14% |
Frequently Asked Questions
Which is cheaper, MEGI or SCHD?
MEGI has an expense ratio of 1.87% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $181 per year of difference.
Which performed better, MEGI or SCHD?
Over the past year MEGI returned +16.98% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), MEGI annualized +3.71% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, MEGI or SCHD?
MEGI has been the more volatile fund at 22.9% annualized versus 13.6% for SCHD. Worst drawdown: MEGI -39.5% vs SCHD -33.4%.
Should I hold both MEGI and SCHD?
MEGI and SCHD have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MEGI and SCHD?
MEGI and SCHD share 1 common holdings with a 1.5% weight overlap. Combined, they hold 160 unique securities.
Which pays a higher dividend, MEGI or SCHD?
MEGI yields 9.10% while SCHD yields 3.31%, so MEGI currently pays the higher dividend yield.
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