SCHD vs SMIG
Schwab US Dividend Equity ETF vs Bahl & Gaynor Small/Mid Cap Income Growth ETF
Which is better, SCHD or SMIG?
Large Cap Value against Mid Cap Growth.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SMIG is less concentrated, with 40.7% 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 | SCHD | SMIG |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.60% |
| AUM | $112.2B | $1.5B |
| Dividend Yield | 3.13% | 1.80% |
| Holdings | 103 | 41 |
| YTD Return | +27.56%Best | +13.00% |
| 1Y Return | +30.29%Best | +10.96% |
| 3Y Return (annualized) | +16.37%Best | +13.56% |
| 5Y Return (annualized) | +10.23%Best | +7.36% |
| Volatility (annualized) | 14.8%Best | 16.1% |
| Max Drawdown | -16.9%Best | -19.6% |
| $10,000 over 5 years | $16,274Best | $14,263 |
| Top 10 Weight | 41.5% | 40.7%Best |
| Fund Family | Charles Schwab Asset Management | Advisors Asset Management, Inc. |
| Category | Equity | Equity |
| Style | Large Cap Value | Mid Cap Growth |
| Inception | Oct 20, 2011 | Aug 25, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Aug 26, 2021 to Sep 4, 2026 (5 years).
SCHD vs SMIG 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 5 years both funds cover.
SCHD vs SMIG Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is an ETF from Advisors Asset Management, Inc.. Over the past year SCHD returned +30.29% while SMIG returned +10.96%. Year to date, SCHD is up 27.56% versus a gain of 13.00% for SMIG.
Over three years, SCHD compounded at +16.37% per year against +13.56% for SMIG; over five years the annualized figures are +10.23% and +7.36% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMIG has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -16.9% for SCHD and -19.6% for SMIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SMIG charges 0.60%. On a $10,000 position that is $6 vs $60 annually, a gap of $54 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 1.80% for SMIG.
Holdings Overlap
1.4% of SCHD's money is in holdings SMIG also owns. 16.4% of SMIG's money is in holdings SCHD also owns.
SMIG and SCHD share little of their money.
6 positions in common, counted across the 100 positions we hold weights for in SCHD and 38 in SMIG, against full books of 103 and 41.
What only one of them owns
Our book lists 30 positions for SMIG that do not appear in our book for SCHD (77.8% of the fund), and 93 for SCHD that do not appear in SMIG (98.5%).
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 SMIG 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 SMIG?
SCHD has an expense ratio of 0.06% while SMIG charges 0.60%. SCHD is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, SCHD or SMIG?
Over the past year SCHD returned +30.29% vs +10.96% for SMIG, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SMIG?
SMIG has been the more volatile fund at 16.1% annualized versus 14.8% for SCHD. Worst drawdown: SCHD -16.9% vs SMIG -19.6%.
Should I hold both SCHD and SMIG?
SCHD and SMIG have a monthly-return correlation of 0.86, 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 SCHD and SMIG?
16.4% of SMIG's money is in holdings SCHD also owns. 16.4% of SMIG's is in holdings SCHD also owns. They hold 6 positions in common, counted across the 100 positions we hold weights for in SCHD and 38 in SMIG.
Which pays a higher dividend, SCHD or SMIG?
SCHD yields 3.13% while SMIG yields 1.80%, so SCHD currently pays the higher dividend yield.
Is SMIG better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SMIG is less concentrated, with 40.7% 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.