RJMG vs SCHD
FT Raymond James Multicap Growth Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | RJMG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.06% | |
| AUM | $11M | $108.7B | |
| Dividend Yield | 0.00% | 3.13% | |
| Holdings | 41 | 104 | |
| YTD Return | +1.42% | +27.67% | |
| 1Y Return | +15.82% | +31.26% | |
| 3Y Return (annualized) | - | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | 14.8% | 13.6% | |
| Max Drawdown | -25.4% | -33.4% | |
| Fund Family | First Trust Portfolios (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 12, 2024 | Oct 20, 2011 |
RJMG vs SCHD Performance
FT Raymond James Multicap Growth Equity ETF (RJMG) is a ETF from First Trust Portfolios (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RJMG returned +15.82% while SCHD returned +31.26%. Year to date, RJMG is up 1.42% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
RJMG has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 13.6% 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 -25.4% for RJMG 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RJMG charges 0.85% per year while SCHD charges 0.06%. On a $10,000 position that is $85 vs $6 annually, a gap of $79 per year that compounds over a long holding period. On income, RJMG currently yields 0.00% against 3.13% for SCHD.
Holdings Overlap
RJMG and SCHD share 0 holdings out of 140 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RJMG or SCHD?
RJMG has an expense ratio of 0.85% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, RJMG or SCHD?
Over the past year RJMG returned +15.82% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), RJMG annualized +17.17% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, RJMG or SCHD?
RJMG has been the more volatile fund at 14.8% annualized versus 13.6% for SCHD. Worst drawdown: RJMG -25.4% vs SCHD -33.4%.
Should I hold both RJMG and SCHD?
RJMG and SCHD have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RJMG and SCHD?
RJMG and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, RJMG or SCHD?
RJMG yields 0.00% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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