QVMS vs SCHD
Invesco S&P SmallCap 600 QVM Multi-factor ETF vs Schwab US Dividend Equity ETF
Which is better, QVMS or SCHD?
Small Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. QVMS is less concentrated, with 6.2% 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 | QVMS | SCHD |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $245M | $112.1B |
| Dividend Yield | 1.15% | 3.00% |
| Holdings | 543 | 103 |
| YTD Return | +16.33% | +25.84%Best |
| 1Y Return | +19.04% | +30.18%Best |
| 3Y Return (annualized) | +15.11% | +16.08%Best |
| 5Y Return (annualized) | +7.64% | +9.97%Best |
| Volatility (annualized) | 19.9% | 14.6%Best |
| Max Drawdown | -28.4% | -16.9%Best |
| $10,000 over 5 years | $14,450 | $16,083Best |
| Top 10 Weight | 6.2%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small 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 15, 2026 (5.2 years).
QVMS 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.
QVMS vs SCHD Performance
Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) 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 QVMS returned +19.04% while SCHD returned +30.18%. Year to date, QVMS is up 16.33% versus a gain of 25.84% for SCHD.
Over three years, QVMS compounded at +15.11% per year against +16.08% for SCHD; over five years the annualized figures are +7.64% and +9.97% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMS has been the more volatile fund, with annualized monthly volatility of 19.9% 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 -28.4% for QVMS 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVMS 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, QVMS currently yields 1.15% against 3.00% for SCHD.
Holdings Overlap
3.3% of QVMS's money is in holdings SCHD also owns. 1.3% of SCHD's money is in holdings QVMS also owns.
QVMS and SCHD share little of their money.
23 positions in common, counted across the 523 positions we hold weights for in QVMS and 100 in SCHD, against full books of 543 and 103.
What only one of them owns
Our book lists 77 positions for SCHD that do not appear in our book for QVMS (98.7% of the fund), and 488 for QVMS that do not appear in SCHD (93.6%).
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 QVMS | Weight in SCHD | Difference |
|---|---|---|---|
| MCMoelis & Co_None_0 | 0.33% | 0.12% | 0.21% |
| RHIRobert Half International Inc. | 0.28% | 0.11% | 0.17% |
| KFYKorn Ferry | 0.27% | 0.11% | 0.16% |
| CWENClearway Energy, Inc., Class C | 0.27% | 0.09% | 0.18% |
| CVBFCvb Financial Corp. | 0.23% | 0.09% | 0.14% |
| APAMArtisan Partners Asset Management, Inc. | 0.21% | 0.07% | 0.14% |
| WUWestern Union Co (The) | 0.16% | 0.05% | 0.11% |
| BANRBanner Corp_None_0 | 0.15% | 0.06% | 0.09% |
| OFG:PROfg Bancorp Common Stock | 0.14% | 0.05% | 0.09% |
| CNSCohen & Steers Inc | 0.13% | 0.05% | 0.08% |
You are not choosing between two funds in isolation.
Whichever of QVMS 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, QVMS or SCHD?
QVMS 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, QVMS or SCHD?
Over the past year QVMS returned +19.04% vs +30.18% 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, QVMS or SCHD?
QVMS has been the more volatile fund at 19.9% annualized versus 14.6% for SCHD. Worst drawdown: QVMS -28.4% vs SCHD -16.9%.
Should I hold both QVMS and SCHD?
QVMS and SCHD have a monthly-return correlation of 0.78, 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 QVMS and SCHD?
3.3% of QVMS's money is in holdings SCHD also owns. 1.3% of SCHD's is in holdings QVMS also owns. They hold 23 positions in common, counted across the 523 positions we hold weights for in QVMS and 100 in SCHD.
Which pays a higher dividend, QVMS or SCHD?
QVMS yields 1.15% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than QVMS?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. QVMS is less concentrated, with 6.2% 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.