MISL vs SCHD
First Trust Indxx Aerospace & Defense ETF vs Schwab US Dividend Equity ETF
Which is better, MISL or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. MISL led over 3Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 63.2%.
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 | MISL | SCHD |
|---|---|---|
| Expense Ratio | 0.60% | 0.06%Best |
| AUM | $718M | $112.1B |
| Dividend Yield | 0.31% | 3.00% |
| Holdings | 80 | 103 |
| YTD Return | -3.95% | +24.23%Best |
| 1Y Return | +8.34% | +27.90%Best |
| 3Y Return (annualized) | +24.59%Best | +15.55% |
| 5Y Return (annualized) | - | +9.97% |
| Volatility (annualized) | 17.5% | 13.4%Best |
| Max Drawdown | -17.9% | -16.1%Best |
| $10,000 over 3.9 years | $21,085Best | $16,123 |
| Top 10 Weight | 63.2% | 41.8%Best |
| Fund Family | First Trust Portfolios (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Oct 25, 2022 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Oct 26, 2022 to Sep 17, 2026 (3.9 years).
MISL 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 3.9 years both funds cover.
MISL vs SCHD Performance
First Trust Indxx Aerospace & Defense ETF (MISL) is an ETF from First Trust Portfolios (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year MISL returned +8.34% while SCHD returned +27.90%. Year to date, MISL is down 3.95% versus a gain of 24.23% for SCHD.
Over three years, MISL compounded at +24.59% per year against +15.55% for SCHD. Across the full 4-year window we track, MISL has the edge at +21.08% annualized vs +13.03%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MISL has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 13.4% 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 -17.9% for MISL and -16.1% 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 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MISL charges 0.60% per year while SCHD charges 0.06%. On a $10,000 position that is $60 vs $6 annually, a gap of $54 per year that compounds over a long holding period. On income, MISL currently yields 0.31% against 3.00% for SCHD.
Holdings Overlap
4.3% of MISL's money is in holdings SCHD also owns. 2.8% of SCHD's money is in holdings MISL also owns.
MISL and SCHD share little of their money.
1 positions in common, counted across the 39 positions we hold weights for in MISL and 100 in SCHD, against full books of 80 and 103.
What only one of them owns
Our book lists 98 positions for SCHD that do not appear in our book for MISL (97.2% of the fund), and 38 for MISL that do not appear in SCHD (95.5%).
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 MISL | Weight in SCHD | Difference |
|---|---|---|---|
| LMTLockheed Martin Corp | 4.32% | 2.78% | 1.54% |
You are not choosing between two funds in isolation.
Whichever of MISL 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, MISL or SCHD?
MISL has an expense ratio of 0.60% while SCHD charges 0.06%. SCHD is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, MISL or SCHD?
Over the past year MISL returned +8.34% vs +27.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), MISL annualized +21.08% vs +13.03% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MISL or SCHD?
MISL has been the more volatile fund at 17.5% annualized versus 13.4% for SCHD. Worst drawdown: MISL -17.9% vs SCHD -16.1%.
Should I hold both MISL and SCHD?
MISL and SCHD have a monthly-return correlation of 0.43, 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 MISL and SCHD?
4.3% of MISL's money is in holdings SCHD also owns. 2.8% of SCHD's is in holdings MISL also owns. They hold 1 positions in common, counted across the 39 positions we hold weights for in MISL and 100 in SCHD.
Which pays a higher dividend, MISL or SCHD?
MISL yields 0.31% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than MISL?
SCHD has a lower expense ratio. MISL led over 3Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 63.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.