MILK vs SCHD
Pacer US Cash Cows Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. MILK offers more diversification with 102 holdings.
Side-by-Side Comparison
| Metric | MILK | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.06% | |
| AUM | $18M | $103.7B | |
| Dividend Yield | 6.95% | 3.31% | |
| Holdings | 104 | 104 | |
| YTD Return | -1.16% | +26.21% | |
| 1Y Return | -1.02% | +29.99% | |
| 3Y Return (annualized) | - | +15.73% | |
| 5Y Return (annualized) | - | +9.67% | |
| Volatility (annualized) | 5.4% | 13.6% | |
| Max Drawdown | -6.2% | -33.4% | |
| Fund Family | Pacer ETFs | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 17, 2024 | Oct 20, 2011 |
MILK vs SCHD Performance
Pacer US Cash Cows Bond ETF (MILK) is a ETF from Pacer ETFs and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MILK returned -1.02% while SCHD returned +29.99%. Year to date, MILK is down 1.16% versus a gain of 26.21% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.4% for MILK. 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 -6.2% for MILK 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MILK charges 0.49% per year while SCHD charges 0.06%. On a $10,000 position that is $49 vs $6 annually, a gap of $43 per year that compounds over a long holding period. On income, MILK currently yields 6.95% against 3.31% for SCHD.
Holdings Overlap
MILK and SCHD share 0 holdings out of 202 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, MILK or SCHD?
MILK has an expense ratio of 0.49% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $43 per year of difference.
Which performed better, MILK or SCHD?
Over the past year MILK returned -1.02% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), MILK annualized +2.13% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, MILK or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.4% for MILK. Worst drawdown: MILK -6.2% vs SCHD -33.4%.
Should I hold both MILK and SCHD?
MILK and SCHD have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MILK and SCHD?
MILK and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 202 unique securities.
Which pays a higher dividend, MILK or SCHD?
MILK yields 6.95% while SCHD yields 3.31%, so MILK currently pays the higher dividend yield.
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