SCHD vs SMCP
Schwab US Dividend Equity ETF vs SMART Mid Cap ETF
Which is better, SCHD or SMCP?
Large Cap Value against Mid Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 58.5%.
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 | SCHD | SMCP |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.79% |
| AUM | $112.1B | $10M |
| Dividend Yield | 3.00% | 0.00% |
| Holdings | 103 | 33 |
| YTD Return | +23.46%Best | +10.01% |
| 1Y Return | +27.20%Best | +10.01% |
| 3Y Return (annualized) | +15.41%Best | +2.76% |
| 5Y Return (annualized) | +10.16%Best | -2.07% |
| Volatility (annualized) | 14.9%Best | 21.0% |
| Max Drawdown | -33.4%Best | -43.8% |
| $10,000 over 5 years | $16,223Best | $9,007 |
| Top 10 Weight | 41.8%Best | 58.5% |
| Fund Family | Charles Schwab Asset Management | SMART Wealth, LLC |
| Category | Equity | Equity |
| Style | Large Cap Value | Mid Cap Blend |
| Inception | Oct 20, 2011 | May 11, 2026 |
Volatility and max drawdown are measured over the window both funds cover: Apr 21, 2015 to Sep 18, 2026 (11.4 years).
SCHD vs SMCP 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 11.4 years both funds cover.
SCHD vs SMCP Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and SMART Mid Cap ETF (SMCP) is an ETF from SMART Wealth, LLC. Over the past year SCHD returned +27.20% while SMCP returned +10.01%. Year to date, SCHD is up 23.46% versus a gain of 10.01% for SMCP.
Over three years, SCHD compounded at +15.41% per year against +2.76% for SMCP; over five years the annualized figures are +10.16% and -2.07% respectively. Across the full 11-year window we track, SCHD has the edge at +10.34% annualized vs +1.05%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMCP has been the more volatile fund, with annualized monthly volatility of 21.0% compared with 14.9% 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 -33.4% for SCHD and -43.8% for SMCP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SMCP charges 0.79%. On a $10,000 position that is $6 vs $79 annually, a gap of $73 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.00% for SMCP.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 32 in SMCP, totalling 100.0% and 100.1% 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 100 positions we hold weights for in SCHD and 32 in SMCP, against full books of 103 and 33.
What only one of them owns
Our book lists 24 positions for SMCP that do not appear in our book for SCHD (70.4% of the fund), and 99 for SCHD that do not appear in SMCP (99.9%).
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 SCHD and SMCP 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, SCHD or SMCP?
SCHD has an expense ratio of 0.06% while SMCP charges 0.79%. SCHD is the cheaper option, by $73 a year on a $10,000 investment.
Which performed better, SCHD or SMCP?
Over the past year SCHD returned +27.20% vs +10.01% for SMCP, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +10.34% vs +1.05% for SMCP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SMCP?
SMCP has been the more volatile fund at 21.0% annualized versus 14.9% for SCHD. Worst drawdown: SCHD -33.4% vs SMCP -43.8%.
Should I hold both SCHD and SMCP?
SCHD and SMCP have a monthly-return correlation of 0.74, 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, SCHD or SMCP?
SCHD yields 3.00% while SMCP yields 0.00%, so SCHD currently pays the higher dividend yield.
Is SMCP better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 58.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.