QVML vs SCHD
Invesco S&P 500 QVM Multi-factor ETF vs Schwab US Dividend Equity ETF
Which is better, QVML or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. QVML led over 3Y, 5Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 44.0%.
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 | QVML | SCHD |
|---|---|---|
| Expense Ratio | 0.11% | 0.06%Best |
| AUM | $1.6B | $112.1B |
| Dividend Yield | 0.99% | 3.00% |
| Holdings | 453 | 103 |
| YTD Return | +13.66% | +25.07%Best |
| 1Y Return | +18.17% | +27.61%Best |
| 3Y Return (annualized) | +21.69%Best | +15.74% |
| 5Y Return (annualized) | +13.18%Best | +9.89% |
| Volatility (annualized) | 15.2% | 14.6%Best |
| Max Drawdown | -23.5% | -16.9%Best |
| $10,000 over 5 years | $18,572Best | $16,025 |
| Top 10 Weight | 44.0% | 41.8%Best |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 28, 2021 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jun 30, 2021 to Sep 11, 2026 (5.2 years).
QVML 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 5.2 years both funds cover.
QVML vs SCHD Performance
Invesco S&P 500 QVM Multi-factor ETF (QVML) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year QVML returned +18.17% while SCHD returned +27.61%. Year to date, QVML is up 13.66% versus a gain of 25.07% for SCHD.
Over three years, QVML compounded at +21.69% per year against +15.74% for SCHD; over five years the annualized figures are +13.18% and +9.89% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVML has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 14.6% 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 -23.5% for QVML 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVML charges 0.11% per year while SCHD charges 0.06%. On a $10,000 position that is $11 vs $6 annually, a gap of $5 per year that compounds over a long holding period. On income, QVML currently yields 0.99% against 3.00% for SCHD.
Holdings Overlap
8.0% of QVML's money is in holdings SCHD also owns. 93.1% of SCHD's money is in holdings QVML also owns.
Most of SCHD is already inside QVML. Owning both mostly buys the same companies twice.
44 positions in common, counted across the 449 positions we hold weights for in QVML and 100 in SCHD, against full books of 453 and 103.
What only one of them owns
Our book lists 55 positions for SCHD that do not appear in our book for QVML (6.8% of the fund), and 398 for QVML that do not appear in SCHD (90.1%).
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 QVML | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 0.49% | 4.77% | 4.28% |
| AMGNAmgen Inc. | 0.33% | 4.70% | 4.37% |
| ABTAbbott Laboratories | 0.28% | 4.69% | 4.41% |
| KOCoca Cola Co. | 0.49% | 4.17% | 3.68% |
| CVXChevron Corp. | 0.55% | 4.02% | 3.47% |
| HDHome Depot Inc/The | 0.55% | 3.88% | 3.33% |
| PGProcter & Gamble Company | 0.53% | 3.83% | 3.30% |
| UNHUnitedhealth Group Inc. | 0.54% | 3.82% | 3.28% |
| VZVerizon Communications, Inc. | 0.32% | 3.97% | 3.65% |
| COPConocophillips Co | 0.21% | 3.94% | 3.73% |
93.1% of SCHD is already inside QVML.
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, QVML or SCHD?
QVML has an expense ratio of 0.11% while SCHD charges 0.06%. SCHD is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, QVML or SCHD?
Over the past year QVML returned +18.17% vs +27.61% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QVML or SCHD?
QVML has been the more volatile fund at 15.2% annualized versus 14.6% for SCHD. Worst drawdown: QVML -23.5% vs SCHD -16.9%.
Should I hold both QVML and SCHD?
QVML and SCHD have a monthly-return correlation of 0.74, 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 QVML and SCHD?
93.1% of SCHD's money is in holdings QVML also owns. 93.1% of SCHD's is in holdings QVML also owns. They hold 44 positions in common, counted across the 449 positions we hold weights for in QVML and 100 in SCHD.
Which pays a higher dividend, QVML or SCHD?
QVML yields 0.99% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than QVML?
SCHD has a lower expense ratio. QVML led over 3Y, 5Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 44.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.