SCHD vs SMMV
Schwab US Dividend Equity ETF vs iShares MSCI USA Small-Cap Minimum Volatility Factor ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | SMMV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.20% | |
| AUM | $103.7B | $289M | |
| Dividend Yield | 3.31% | 1.69% | |
| Holdings | 104 | 369 | |
| YTD Return | +25.62% | +9.42% | |
| 1Y Return | +32.62% | +14.79% | |
| 3Y Return (annualized) | +15.58% | +12.44% | |
| 5Y Return (annualized) | +9.63% | +6.17% | |
| Volatility (annualized) | 13.6% | 13.7% | |
| Max Drawdown | -33.4% | -38.8% | |
| Fund Family | Charles Schwab Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 7, 2016 |
SCHD vs SMMV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and iShares MSCI USA Small-Cap Minimum Volatility Factor ETF (SMMV) is a ETF from iShares by BlackRock (US). Over the past year SCHD returned +32.62% while SMMV returned +14.79%. Year to date, SCHD is up 25.62% versus a gain of 9.42% for SMMV.
Over three years, SCHD compounded at +15.58% per year against +12.44% for SMMV; over five years the annualized figures are +9.63% and +6.17% respectively. Across the full 10-year window we track, SCHD has the edge at +11.47% annualized vs +7.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMMV has been the more volatile fund, with annualized monthly volatility of 13.7% 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 -33.4% for SCHD and -38.8% for SMMV. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SMMV charges 0.20%. On a $10,000 position that is $6 vs $20 annually, a gap of $14 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.69% for SMMV.
Holdings Overlap
SCHD and SMMV share 0 holdings out of 124 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, SCHD or SMMV?
SCHD has an expense ratio of 0.06% while SMMV charges 0.20%. SCHD is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, SCHD or SMMV?
Over the past year SCHD returned +32.62% vs +14.79% for SMMV, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), SCHD annualized +11.47% vs +7.88% for SMMV. Past performance does not guarantee future results.
Which is riskier, SCHD or SMMV?
SMMV has been the more volatile fund at 13.7% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SMMV -38.8%.
Should I hold both SCHD and SMMV?
SCHD and SMMV have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SMMV?
SCHD and SMMV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, SCHD or SMMV?
SCHD yields 3.31% while SMMV yields 1.69%, so SCHD currently pays the higher dividend yield.
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