MGMT vs SCHD
Ballast Small/Mid Cap ETF vs Schwab US Dividend Equity ETF
Which is better, MGMT or SCHD?
Mid Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. MGMT led over the full window, SCHD over 1Y, 3Y and 5Y. MGMT is less concentrated, with 30.1% of the fund in its ten largest positions against 41.5%.
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 | MGMT | SCHD |
|---|---|---|
| Expense Ratio | 1.10% | 0.06%Best |
| AUM | $174M | $112.2B |
| Dividend Yield | 0.30% | 3.13% |
| Holdings | 57 | 103 |
| YTD Return | +15.14% | +27.56%Best |
| 1Y Return | +15.99% | +30.29%Best |
| 3Y Return (annualized) | +14.27% | +16.37%Best |
| 5Y Return (annualized) | +7.66% | +10.23%Best |
| Volatility (annualized) | 18.0% | 14.6%Best |
| Max Drawdown | -24.9% | -16.9%Best |
| $10,000 over 5 years | $14,463 | $16,274Best |
| Top 10 Weight | 30.1%Best | 41.5% |
| Fund Family | Ballast Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Value |
| Inception | Dec 2, 2020 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Dec 3, 2020 to Sep 4, 2026 (5.8 years).
MGMT 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.
MGMT vs SCHD Performance
Ballast Small/Mid Cap ETF (MGMT) is an ETF from Ballast Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year MGMT returned +15.99% while SCHD returned +30.29%. Year to date, MGMT is up 15.14% versus a gain of 27.56% for SCHD.
Over three years, MGMT compounded at +14.27% per year against +16.37% for SCHD; over five years the annualized figures are +7.66% and +10.23% respectively. Across the full 6-year window we track, MGMT has the edge at +13.65% annualized vs +12.57%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGMT has been the more volatile fund, with annualized monthly volatility of 18.0% compared with 14.6% 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 -24.9% for MGMT 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MGMT charges 1.10% per year while SCHD charges 0.06%. On a $10,000 position that is $110 vs $6 annually, a gap of $104 per year that compounds over a long holding period. On income, MGMT currently yields 0.30% against 3.13% for SCHD.
Holdings Overlap
4.2% of MGMT's money is in holdings SCHD also owns. 0.2% of SCHD's money is in holdings MGMT also owns.
MGMT and SCHD share little of their money.
2 positions in common, counted across the 54 positions we hold weights for in MGMT and 100 in SCHD, against full books of 57 and 103.
What only one of them owns
Our book lists 97 positions for SCHD that do not appear in our book for MGMT (99.7% of the fund), and 48 for MGMT that do not appear in SCHD (88.2%).
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.
You are not choosing between two funds in isolation.
Whichever of MGMT 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, MGMT or SCHD?
MGMT has an expense ratio of 1.10% while SCHD charges 0.06%. SCHD is the cheaper option, by $104 a year on a $10,000 investment.
Which performed better, MGMT or SCHD?
Over the past year MGMT returned +15.99% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), MGMT annualized +13.65% vs +12.57% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MGMT or SCHD?
MGMT has been the more volatile fund at 18.0% annualized versus 14.6% for SCHD. Worst drawdown: MGMT -24.9% vs SCHD -16.9%.
Should I hold both MGMT and SCHD?
MGMT and SCHD have a monthly-return correlation of 0.79, 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 MGMT and SCHD?
4.2% of MGMT's money is in holdings SCHD also owns. 0.2% of SCHD's is in holdings MGMT also owns. They hold 2 positions in common, counted across the 54 positions we hold weights for in MGMT and 100 in SCHD.
Which pays a higher dividend, MGMT or SCHD?
MGMT yields 0.30% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than MGMT?
SCHD has a lower expense ratio. MGMT led over the full window, SCHD over 1Y, 3Y and 5Y. MGMT is less concentrated, with 30.1% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.