PCMM vs SCHD
BondBloxx Private Credit CLO ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | PCMM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.06% | |
| AUM | $195M | $103.7B | |
| Dividend Yield | 6.68% | 3.31% | |
| Holdings | 81 | 104 | |
| YTD Return | +2.34% | +25.62% | |
| 1Y Return | +3.89% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 2.6% | 13.6% | |
| Max Drawdown | -4.0% | -33.4% | |
| Fund Family | BondBloxx | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 2, 2024 | Oct 20, 2011 |
PCMM vs SCHD Performance
BondBloxx Private Credit CLO ETF (PCMM) is a ETF from BondBloxx and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PCMM returned +3.89% while SCHD returned +32.62%. Year to date, PCMM is up 2.34% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 2.6% for PCMM. 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 -4.0% for PCMM 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 0.13. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PCMM charges 0.68% per year while SCHD charges 0.06%. On a $10,000 position that is $68 vs $6 annually, a gap of $62 per year that compounds over a long holding period. On income, PCMM currently yields 6.68% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, PCMM or SCHD?
PCMM has an expense ratio of 0.68% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, PCMM or SCHD?
Over the past year PCMM returned +3.89% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), PCMM annualized +6.83% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, PCMM or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.6% for PCMM. Worst drawdown: PCMM -4.0% vs SCHD -33.4%.
Should I hold both PCMM and SCHD?
PCMM and SCHD have a monthly-return correlation of 0.13, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, PCMM or SCHD?
PCMM yields 6.68% while SCHD yields 3.31%, so PCMM currently pays the higher dividend yield.
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