RMT vs SCHD
Royce Micro-Cap Trust Inc. vs Schwab US Dividend Equity ETF
Which is better, RMT or SCHD?
Small Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. RMT led over 1Y, 3Y and 5Y, SCHD over the full window. RMT is less concentrated, with 14.9% of the fund in its ten largest positions against 41.5%.
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 | RMT | SCHD |
|---|---|---|
| Expense Ratio | 1.35% | 0.06%Best |
| AUM | $477M | $112.2B |
| Dividend Yield | 5.36% | 3.13% |
| Holdings | 171 | 103 |
| YTD Return | +36.94%Best | +26.13% |
| 1Y Return | +45.68%Best | +30.01% |
| 3Y Return (annualized) | +26.34%Best | +16.09% |
| 5Y Return (annualized) | +12.23%Best | +9.95% |
| Volatility (annualized) | 21.8% | 13.6%Best |
| Max Drawdown | -64.9% | -33.4%Best |
| $10,000 over 5 years | $17,805Best | $16,069 |
| Top 10 Weight | 14.9%Best | 41.5% |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Dec 14, 1993 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 8, 2026 (14.9 years).
RMT 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 14.9 years both funds cover.
RMT vs SCHD Performance
Royce Micro-Cap Trust Inc. (RMT) is an ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year RMT returned +45.68% while SCHD returned +30.01%. Year to date, RMT is up 36.94% versus a gain of 26.13% for SCHD.
Over three years, RMT compounded at +26.34% per year against +16.09% for SCHD; over five years the annualized figures are +12.23% and +9.95% respectively. Across the full 15-year window we track, SCHD has the edge at +11.43% annualized vs +6.92%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RMT has been the more volatile fund, with annualized monthly volatility of 21.8% 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 -64.9% for RMT 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RMT charges 1.35% per year while SCHD charges 0.06%. On a $10,000 position that is $135 vs $6 annually, a gap of $129 per year that compounds over a long holding period. On income, RMT currently yields 5.36% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 169 holdings in RMT and 100 in SCHD, totalling 102.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 169 positions we hold weights for in RMT and 100 in SCHD, against full books of 171 and 103.
What only one of them owns
Our book lists 98 positions for SCHD that do not appear in our book for RMT (99.7% of the fund), and 149 for RMT that do not appear in SCHD (92.1%).
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.
You are not choosing between two funds in isolation.
Whichever of RMT 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, RMT or SCHD?
RMT has an expense ratio of 1.35% while SCHD charges 0.06%. SCHD is the cheaper option, by $129 a year on a $10,000 investment.
Which performed better, RMT or SCHD?
Over the past year RMT returned +45.68% vs +30.01% for SCHD, so RMT leads on 1-year performance. Over the longest common window we track (15 years), RMT annualized +6.92% vs +11.43% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RMT or SCHD?
RMT has been the more volatile fund at 21.8% annualized versus 13.6% for SCHD. Worst drawdown: RMT -64.9% vs SCHD -33.4%.
Should I hold both RMT and SCHD?
RMT and SCHD have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, RMT or SCHD?
RMT yields 5.36% while SCHD yields 3.13%, so RMT currently pays the higher dividend yield.
Is SCHD better than RMT?
SCHD has a lower expense ratio. RMT led over 1Y, 3Y and 5Y, SCHD over the full window. RMT is less concentrated, with 14.9% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.