MMLG vs SCHD
First Trust Multi-Manager Large Growth ETF vs Schwab US Dividend Equity ETF
Which is better, MMLG or SCHD?
Large Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window.
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 | MMLG | SCHD |
|---|---|---|
| Expense Ratio | 0.85% | 0.06%Best |
| AUM | $95M | $112.1B |
| Dividend Yield | 0.00% | 3.00% |
| Holdings | 75 | 103 |
| Volatility (annualized) | 21.3% | 15.2%Best |
| Max Drawdown | -46.0% | -16.9%Best |
| $10,000 over 5.9 years | $18,797 | $21,867Best |
| Fund Family | First Trust Portfolios (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Jul 20, 2020 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 103 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. MMLG has data through Jun 4, 2026 and SCHD through Sep 15, 2026.
Volatility and max drawdown, and the $10,000 over 5.9 years row, are measured over the window both funds cover: Jul 22, 2020 to Jun 4, 2026 (5.9 years).
Risk: Volatility and Drawdowns
MMLG has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 15.2% 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 -46.0% for MMLG 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 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MMLG charges 0.85% per year while SCHD charges 0.06%. On a $10,000 position that is $85 vs $6 annually, a gap of $79 per year that compounds over a long holding period. On income, MMLG currently yields 0.00% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 76 holdings in MMLG and 100 in SCHD, totalling 94.9% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 123 days apart, MMLG as of Apr 30, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 76 positions we hold weights for in MMLG and 100 in SCHD, against full books of 75 and 103.
You are not choosing between two funds in isolation.
Whichever of MMLG 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, MMLG or SCHD?
MMLG has an expense ratio of 0.85% while SCHD charges 0.06%. SCHD is the cheaper option, by $79 a year on a $10,000 investment.
Which is riskier, MMLG or SCHD?
MMLG has been the more volatile fund at 21.3% annualized versus 15.2% for SCHD. Worst drawdown: MMLG -46.0% vs SCHD -16.9%.
Should I hold both MMLG and SCHD?
MMLG and SCHD have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MMLG or SCHD?
MMLG yields 0.00% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than MMLG?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.