MVV vs SCHD
ProShares Ultra MidCap400 vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. MVV offers more diversification with 411 holdings.
Side-by-Side Comparison
| Metric | MVV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | $151M | $112.2B | |
| Dividend Yield | 0.69% | 3.13% | |
| Holdings | 411 | 103 | |
| YTD Return | +19.10% | +27.60% | |
| 1Y Return | +25.17% | +29.63% | |
| 3Y Return (annualized) | +18.27% | +16.43% | |
| 5Y Return (annualized) | +5.49% | +10.05% | |
| Volatility (annualized) | 36.6% | 13.6% | |
| Max Drawdown | -86.3% | -33.4% | |
| Fund Family | ProShares | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Jun 19, 2006 | Oct 20, 2011 |
MVV vs SCHD Performance
ProShares Ultra MidCap400 (MVV) is a ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MVV returned +25.17% while SCHD returned +29.63%. Year to date, MVV is up 19.10% versus a gain of 27.60% for SCHD.
Over three years, MVV compounded at +18.27% per year against +16.43% for SCHD; over five years the annualized figures are +5.49% and +10.05% respectively. Across the full 15-year window we track, SCHD has the edge at +11.54% annualized vs +10.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MVV has been the more volatile fund, with annualized monthly volatility of 36.6% compared with 13.6% 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 -86.3% for MVV 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MVV charges 0.95% per year while SCHD charges 0.06%. On a $10,000 position that is $95 vs $6 annually, a gap of $89 per year that compounds over a long holding period. On income, MVV currently yields 0.69% against 3.13% for SCHD.
Holdings Overlap
MVV and SCHD share 18 holdings out of 483 unique holdings combined, representing a 2.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MVV or SCHD?
MVV has an expense ratio of 0.95% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, MVV or SCHD?
Over the past year MVV returned +25.17% vs +29.63% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), MVV annualized +10.33% vs +11.54% for SCHD. Past performance does not guarantee future results.
Which is riskier, MVV or SCHD?
MVV has been the more volatile fund at 36.6% annualized versus 13.6% for SCHD. Worst drawdown: MVV -86.3% vs SCHD -33.4%.
Should I hold both MVV and SCHD?
MVV and SCHD have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MVV and SCHD?
MVV and SCHD share 18 common holdings with a 2.9% weight overlap. Combined, they hold 483 unique securities.
Which pays a higher dividend, MVV or SCHD?
MVV yields 0.69% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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