QVMM vs SCHD
Invesco S&P MidCap 400 QVM Multi-factor ETF vs Schwab US Dividend Equity ETF
Which is better, QVMM or SCHD?
Mid Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. QVMM is less concentrated, with 9.0% 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 | QVMM | SCHD |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $422M | $112.1B |
| Dividend Yield | 1.16% | 3.00% |
| Holdings | 362 | 103 |
| YTD Return | +9.90% | +24.04%Best |
| 1Y Return | +13.22% | +27.95%Best |
| 3Y Return (annualized) | +14.21% | +15.51%Best |
| 5Y Return (annualized) | +7.80% | +9.80%Best |
| Volatility (annualized) | 17.9% | 14.7%Best |
| Max Drawdown | -24.3% | -16.9%Best |
| $10,000 over 5 years | $14,558 | $15,959Best |
| Top 10 Weight | 9.0%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid 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 16, 2026 (5.2 years).
QVMM 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.
QVMM vs SCHD Performance
Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM) 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 QVMM returned +13.22% while SCHD returned +27.95%. Year to date, QVMM is up 9.90% versus a gain of 24.04% for SCHD.
Over three years, QVMM compounded at +14.21% per year against +15.51% for SCHD; over five years the annualized figures are +7.80% and +9.80% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMM has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 14.7% 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 -24.3% for QVMM 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVMM 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, QVMM currently yields 1.16% against 3.00% for SCHD.
Holdings Overlap
4.4% of QVMM's money is in holdings SCHD also owns. 3.5% of SCHD's money is in holdings QVMM also owns.
QVMM and SCHD share little of their money.
18 positions in common, counted across the 348 positions we hold weights for in QVMM and 100 in SCHD, against full books of 362 and 103.
What only one of them owns
Our book lists 81 positions for SCHD that do not appear in our book for QVMM (96.5% of the fund), and 325 for QVMM that do not appear in SCHD (91.3%).
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 QVMM | Weight in SCHD | Difference |
|---|---|---|---|
| EWBCEast West Bancorp, Inc. | 0.52% | 0.42% | 0.10% |
| DINOHF Sinclair Corp | 0.49% | 0.38% | 0.11% |
| FNFFidelity Nationa | 0.37% | 0.29% | 0.08% |
| WSOWatsco Inc | 0.33% | 0.26% | 0.07% |
| AFGAmerican Financial Group Inc/Oh | 0.30% | 0.24% | 0.06% |
| ORIOld Republic International Corp | 0.29% | 0.23% | 0.06% |
| BAHBooz Allen Hamilton Holding Corp. | 0.29% | 0.22% | 0.07% |
| COLBColumbia Banking System Inc Common Stock | 0.27% | 0.21% | 0.06% |
| ALVAllianz Ag | 0.27% | 0.20% | 0.07% |
| MMacy'S Inc. | 0.17% | 0.14% | 0.03% |
You are not choosing between two funds in isolation.
Whichever of QVMM and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QVMM or SCHD?
QVMM 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, QVMM or SCHD?
Over the past year QVMM returned +13.22% vs +27.95% 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, QVMM or SCHD?
QVMM has been the more volatile fund at 17.9% annualized versus 14.7% for SCHD. Worst drawdown: QVMM -24.3% vs SCHD -16.9%.
Should I hold both QVMM and SCHD?
QVMM and SCHD have a monthly-return correlation of 0.82, 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 QVMM and SCHD?
4.4% of QVMM's money is in holdings SCHD also owns. 3.5% of SCHD's is in holdings QVMM also owns. They hold 18 positions in common, counted across the 348 positions we hold weights for in QVMM and 100 in SCHD.
Which pays a higher dividend, QVMM or SCHD?
QVMM yields 1.16% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than QVMM?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. QVMM is less concentrated, with 9.0% 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.