QVMT vs SCHD
Invesco S&P 500 Concentrated QVM ETF vs Schwab US Dividend Equity ETF
Which is better, QVMT or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. QVMT led over 3Y and 5Y, SCHD over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.6%.
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 | QVMT | SCHD |
|---|---|---|
| Expense Ratio | 0.13% | 0.06%Best |
| AUM | $132M | $112.1B |
| Dividend Yield | 1.89% | 3.00% |
| Holdings | 103 | 103 |
| YTD Return | +15.15% | +23.46%Best |
| 1Y Return | +22.13% | +27.20%Best |
| 3Y Return (annualized) | +19.06%Best | +15.41% |
| 5Y Return (annualized) | +12.76%Best | +10.16% |
| Volatility (annualized) | 20.1% | 14.8%Best |
| Max Drawdown | -48.7% | -33.4%Best |
| $10,000 over 5 years | $18,230Best | $16,223 |
| Top 10 Weight | 42.6% | 41.8%Best |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 9, 2015 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 9, 2015 to Sep 18, 2026 (10.9 years).
QVMT 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 10.9 years both funds cover.
QVMT vs SCHD Performance
Invesco S&P 500 Concentrated QVM ETF (QVMT) 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 QVMT returned +22.13% while SCHD returned +27.20%. Year to date, QVMT is up 15.15% versus a gain of 23.46% for SCHD.
Over three years, QVMT compounded at +19.06% per year against +15.41% for SCHD; over five years the annualized figures are +12.76% and +10.16% respectively. Across the full 11-year window we track, SCHD has the edge at +11.28% annualized vs +10.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QVMT has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 14.8% 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 -48.7% for QVMT and -33.4% 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QVMT charges 0.13% per year while SCHD charges 0.06%. On a $10,000 position that is $13 vs $6 annually, a gap of $7 per year that compounds over a long holding period. On income, QVMT currently yields 1.89% against 3.00% for SCHD.
Holdings Overlap
8.5% of QVMT's money is in holdings SCHD also owns. 14.2% of SCHD's money is in holdings QVMT also owns.
SCHD and QVMT share little of their money.
13 positions in common, counted across the 101 positions we hold weights for in QVMT and 100 in SCHD, against full books of 103 and 103.
What only one of them owns
Measured across the 101 and 100 positions we hold weights for.
SCHD holds 86 positions QVMT does not, 85.7% of the fund.
Largest: MRK 4.77%, AMGN 4.70%, ABT 4.69%, KO 4.17%, CVX 4.02%
Top Shared Holdings
| Stock | Weight in QVMT | Weight in SCHD | Difference |
|---|---|---|---|
| COPConocophillips Common Stock USD 0.01 | 2.25% | 3.94% | 1.69% |
| CMCSAComcast Corp-class A Cmcsa | 1.30% | 2.31% | 1.01% |
| TGTTarget Corp Common Stock Usd.0833 | 1.06% | 1.78% | 0.72% |
| DVNDevon Energy Corporation | 0.88% | 1.36% | 0.48% |
| ADMArcher-Daniels-Midland Co. | 0.69% | 0.96% | 0.27% |
| CINFCincinnati Financial Corp. | 0.41% | 0.64% | 0.23% |
| RFRegions Financial Corp. | 0.37% | 0.62% | 0.25% |
| TROWT Rowe Price Grp | 0.35% | 0.58% | 0.23% |
| PFGPrincipalfinancialgroupinc. | 0.30% | 0.53% | 0.23% |
| SNASnap-On Inc. | 0.24% | 0.49% | 0.25% |
You are not choosing between two funds in isolation.
Whichever of QVMT 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, QVMT or SCHD?
QVMT has an expense ratio of 0.13% while SCHD charges 0.06%. SCHD is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, QVMT or SCHD?
Over the past year QVMT returned +22.13% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), QVMT annualized +10.44% vs +11.28% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QVMT or SCHD?
QVMT has been the more volatile fund at 20.1% annualized versus 14.8% for SCHD. Worst drawdown: QVMT -48.7% vs SCHD -33.4%.
Should I hold both QVMT and SCHD?
QVMT and SCHD have a monthly-return correlation of 0.85, 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 QVMT and SCHD?
14.2% of SCHD's money is in holdings QVMT also owns. 14.2% of SCHD's is in holdings QVMT also owns. They hold 13 positions in common, counted across the 101 positions we hold weights for in QVMT and 100 in SCHD.
Which pays a higher dividend, QVMT or SCHD?
QVMT yields 1.89% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than QVMT?
SCHD has a lower expense ratio. QVMT led over 3Y and 5Y, SCHD over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.