SCHD vs SMIZ
Schwab US Dividend Equity ETF vs Zacks Small/Mid Cap ETF
Which is better, SCHD or SMIZ?
Large Cap Value against Mid Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, SMIZ over 3Y and the full window. SMIZ is less concentrated, with 11.3% of the fund in its ten largest positions against 41.8%.
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 | SMIZ |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.55% |
| AUM | $112.1B | $271M |
| Dividend Yield | 3.00% | 0.55% |
| Holdings | 103 | 203 |
| YTD Return | +24.59%Best | +9.98% |
| 1Y Return | +28.14%Best | +12.09% |
| 3Y Return (annualized) | +15.58% | +20.16%Best |
| 5Y Return (annualized) | +9.90% | - |
| Volatility (annualized) | 13.1%Best | 17.4% |
| Max Drawdown | -16.1%Best | -25.0% |
| $10,000 over 2.9 years | $16,157 | $17,033Best |
| Top 10 Weight | 41.8% | 11.3%Best |
| Fund Family | Charles Schwab Asset Management | Zacks |
| Category | Equity | Equity |
| Style | Large Cap Value | Mid Cap Blend |
| Inception | Oct 20, 2011 | Oct 3, 2023 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Oct 3, 2023 to Sep 10, 2026 (2.9 years).
SCHD vs SMIZ 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 2.9 years both funds cover.
SCHD vs SMIZ Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Zacks Small/Mid Cap ETF (SMIZ) is an ETF from Zacks. Over the past year SCHD returned +28.14% while SMIZ returned +12.09%. Year to date, SCHD is up 24.59% versus a gain of 9.98% for SMIZ.
Over three years, SCHD compounded at +15.58% per year against +20.16% for SMIZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMIZ has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 13.1% 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 -16.1% for SCHD and -25.0% for SMIZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while SMIZ charges 0.55%. On a $10,000 position that is $6 vs $55 annually, a gap of $49 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.55% for SMIZ.
Holdings Overlap
3.8% of SCHD's money is in holdings SMIZ also owns. 1.8% of SMIZ's money is in holdings SCHD also owns.
SCHD and SMIZ share little of their money.
5 positions in common, counted across the 100 positions we hold weights for in SCHD and 225 in SMIZ, against full books of 103 and 203.
What only one of them owns
Our book lists 176 positions for SMIZ that do not appear in our book for SCHD (86.1% of the fund), and 94 for SCHD that do not appear in SMIZ (96.1%).
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 SCHD and SMIZ 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 SMIZ?
SCHD has an expense ratio of 0.06% while SMIZ charges 0.55%. SCHD is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, SCHD or SMIZ?
Over the past year SCHD returned +28.14% vs +12.09% for SMIZ, 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 SMIZ?
SMIZ has been the more volatile fund at 17.4% annualized versus 13.1% for SCHD. Worst drawdown: SCHD -16.1% vs SMIZ -25.0%.
Should I hold both SCHD and SMIZ?
SCHD and SMIZ have a monthly-return correlation of 0.55, 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 SMIZ?
3.8% of SCHD's money is in holdings SMIZ also owns. 1.8% of SMIZ's is in holdings SCHD also owns. They hold 5 positions in common, counted across the 100 positions we hold weights for in SCHD and 225 in SMIZ.
Which pays a higher dividend, SCHD or SMIZ?
SCHD yields 3.00% while SMIZ yields 0.55%, so SCHD currently pays the higher dividend yield.
Is SMIZ better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, SMIZ over 3Y and the full window. SMIZ is less concentrated, with 11.3% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.