QVMS vs SCHD
Invesco S&P SmallCap 600 QVM Multi-factor ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. QVMS offers more diversification with 543 holdings.
Side-by-Side Comparison
| Metric | QVMS | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $258M | $108.7B | |
| Dividend Yield | 1.15% | 3.13% | |
| Holdings | 543 | 104 | |
| YTD Return | +21.57% | +28.70% | |
| 1Y Return | +25.32% | +31.07% | |
| 3Y Return (annualized) | +15.96% | +16.88% | |
| 5Y Return (annualized) | +8.22% | +10.20% | |
| Volatility (annualized) | 19.9% | 13.7% | |
| Max Drawdown | -28.4% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 28, 2021 | Oct 20, 2011 |
QVMS vs SCHD Performance
Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) 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 QVMS returned +25.32% while SCHD returned +31.07%. Year to date, QVMS is up 21.57% versus a gain of 28.70% for SCHD.
Over three years, QVMS compounded at +15.96% per year against +16.88% for SCHD; over five years the annualized figures are +8.22% and +10.20% respectively. Across the full 5-year window we track, SCHD has the edge at +11.62% annualized vs +7.76%. 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 13.7% 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 -28.4% for QVMS 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 0.79. 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 3.13% for SCHD.
Holdings Overlap
QVMS and SCHD share 23 holdings out of 608 unique holdings combined, representing a 1.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $9 per year of difference.
Which performed better, QVMS or SCHD?
Over the past year QVMS returned +25.32% vs +31.07% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), QVMS annualized +7.76% vs +11.62% for SCHD. Past performance does not guarantee future results.
Which is riskier, QVMS or SCHD?
QVMS has been the more volatile fund at 19.9% annualized versus 13.7% for SCHD. Worst drawdown: QVMS -28.4% vs SCHD -33.4%.
Should I hold both QVMS and SCHD?
QVMS and SCHD have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QVMS and SCHD?
QVMS and SCHD share 23 common holdings with a 1.3% weight overlap. Combined, they hold 608 unique securities.
Which pays a higher dividend, QVMS or SCHD?
QVMS yields 1.15% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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