MTUM vs SCHD
iShares MSCI USA Momentum Factor ETF vs Schwab US Dividend Equity ETF
Which is better, MTUM or SCHD?
Large Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. MTUM led over 3Y, 5Y and the full window, SCHD over 1Y. MTUM is less concentrated, with 34.9% of the fund in its ten largest positions against 41.8%.
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 | MTUM | SCHD |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $23.9B | $112.1B |
| Dividend Yield | 0.62% | 3.00% |
| Holdings | 130 | 103 |
| YTD Return | +25.52%Best | +21.99% |
| 1Y Return | +23.87% | +25.92%Best |
| 3Y Return (annualized) | +32.12%Best | +15.66% |
| 5Y Return (annualized) | +12.88%Best | +9.48% |
| Volatility (annualized) | 16.7% | 14.2%Best |
| Max Drawdown | -34.1% | -33.4%Best |
| $10,000 over 5 years | $18,327Best | $15,728 |
| Top 10 Weight | 34.9%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Apr 16, 2013 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Apr 18, 2013 to Sep 23, 2026 (13.4 years).
MTUM 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 13.4 years both funds cover.
MTUM vs SCHD Performance
iShares MSCI USA Momentum Factor ETF (MTUM) is an ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year MTUM returned +23.87% while SCHD returned +25.92%. Year to date, MTUM is up 25.52% versus a gain of 21.99% for SCHD.
Over three years, MTUM compounded at +32.12% per year against +15.66% for SCHD; over five years the annualized figures are +12.88% and +9.48% respectively. Across the full 13-year window we track, MTUM has the edge at +15.07% annualized vs +10.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MTUM has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 14.2% 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 -34.1% for MTUM and -33.4% 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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MTUM charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, MTUM currently yields 0.62% against 3.00% for SCHD.
Holdings Overlap
10.4% of MTUM's money is in holdings SCHD also owns. 29.0% of SCHD's money is in holdings MTUM also owns.
SCHD and MTUM share little of their money.
10 positions in common, counted across the 126 positions we hold weights for in MTUM and 100 in SCHD, against full books of 130 and 103.
What only one of them owns
Our book lists 89 positions for SCHD that do not appear in our book for MTUM (70.9% of the fund), and 110 for MTUM that do not appear in SCHD (88.4%).
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 MTUM | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.88% | 4.77% | 2.89% |
| KOCoca Cola Co. | 1.92% | 4.17% | 2.25% |
| UNHUnitedhealth Group Incorporated | 2.10% | 3.82% | 1.72% |
| CVXChevron Corp | 1.48% | 4.02% | 2.54% |
| COPConocophillips Common Stock USD 0.01 | 0.64% | 3.94% | 3.30% |
| TXNTexas Instrument Inc | 1.20% | 3.13% | 1.93% |
| EOGEog Resources Inc | 0.43% | 1.88% | 1.45% |
| TGTTarget Corp Common Stock Usd.0833 | 0.43% | 1.78% | 1.35% |
| ADMArcher-Daniels-Midland Co. | 0.17% | 0.96% | 0.79% |
| PFGPrincipalfinancialgroupinc. | 0.13% | 0.53% | 0.40% |
29.0% of SCHD is already inside MTUM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MTUM or SCHD?
MTUM has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, MTUM or SCHD?
Over the past year MTUM returned +23.87% vs +25.92% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), MTUM annualized +15.07% vs +10.49% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MTUM or SCHD?
MTUM has been the more volatile fund at 16.7% annualized versus 14.2% for SCHD. Worst drawdown: MTUM -34.1% vs SCHD -33.4%.
Should I hold both MTUM and SCHD?
MTUM and SCHD have a monthly-return correlation of 0.63, 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 MTUM and SCHD?
29.0% of SCHD's money is in holdings MTUM also owns. 29.0% of SCHD's is in holdings MTUM also owns. They hold 10 positions in common, counted across the 126 positions we hold weights for in MTUM and 100 in SCHD.
Which pays a higher dividend, MTUM or SCHD?
MTUM yields 0.62% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than MTUM?
SCHD has a lower expense ratio. MTUM led over 3Y, 5Y and the full window, SCHD over 1Y. MTUM is less concentrated, with 34.9% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.