PSCM vs SCHD
Invesco S&P SmallCap Materials ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. PSCM delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | PSCM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.06% | |
| AUM | $21M | $103.7B | |
| Dividend Yield | 0.97% | 3.31% | |
| Holdings | 27 | 104 | |
| YTD Return | +21.18% | +24.26% | |
| 1Y Return | +38.90% | +31.38% | |
| 3Y Return (annualized) | +15.36% | +15.08% | |
| 5Y Return (annualized) | +10.96% | +9.72% | |
| Volatility (annualized) | 24.4% | 13.6% | |
| Max Drawdown | -52.5% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2010 | Oct 20, 2011 |
PSCM vs SCHD Performance
Invesco S&P SmallCap Materials ETF (PSCM) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PSCM returned +38.90% while SCHD returned +31.38%. Year to date, PSCM is up 21.18% versus a gain of 24.26% for SCHD.
Over three years, PSCM compounded at +15.36% per year against +15.08% for SCHD; over five years the annualized figures are +10.96% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +9.20%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCM has been the more volatile fund, with annualized monthly volatility of 24.4% 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 -52.5% for PSCM 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSCM charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, PSCM currently yields 0.97% against 3.31% for SCHD.
Holdings Overlap
PSCM and SCHD share 0 holdings out of 125 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PSCM or SCHD?
PSCM has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, PSCM or SCHD?
Over the past year PSCM returned +38.90% vs +31.38% for SCHD, so PSCM leads on 1-year performance. Over the longest common window we track (15 years), PSCM annualized +9.20% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, PSCM or SCHD?
PSCM has been the more volatile fund at 24.4% annualized versus 13.6% for SCHD. Worst drawdown: PSCM -52.5% vs SCHD -33.4%.
Should I hold both PSCM and SCHD?
PSCM and SCHD have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCM and SCHD?
PSCM and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 125 unique securities.
Which pays a higher dividend, PSCM or SCHD?
PSCM yields 0.97% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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