SCHD vs SMMV
Schwab US Dividend Equity ETF vs iShares MSCI USA Small-Cap Minimum Volatility Factor ETF
Which is better, SCHD or SMMV?
Large Cap Value against Small Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SMMV is less concentrated, with 12.5% 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 | SMMV |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.20% |
| AUM | $112.1B | $288M |
| Dividend Yield | 3.00% | 1.65% |
| Holdings | 103 | 369 |
| YTD Return | +24.59%Best | +7.79% |
| 1Y Return | +28.14%Best | +9.55% |
| 3Y Return (annualized) | +15.58%Best | +13.05% |
| 5Y Return (annualized) | +9.90%Best | +5.90% |
| Volatility (annualized) | 15.3% | 13.7%Best |
| Max Drawdown | -33.4%Best | -38.8% |
| $10,000 over 5 years | $16,032Best | $13,319 |
| Top 10 Weight | 41.8% | 12.5%Best |
| Fund Family | Charles Schwab Asset Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Small Cap Blend |
| Inception | Oct 20, 2011 | Sep 7, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2016 to Sep 10, 2026 (10 years).
SCHD vs SMMV 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 10 years both funds cover.
SCHD vs SMMV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and iShares MSCI USA Small-Cap Minimum Volatility Factor ETF (SMMV) is an ETF from iShares by BlackRock (US). Over the past year SCHD returned +28.14% while SMMV returned +9.55%. Year to date, SCHD is up 24.59% versus a gain of 7.79% for SMMV.
Over three years, SCHD compounded at +15.58% per year against +13.05% for SMMV; over five years the annualized figures are +9.90% and +5.90% respectively. Across the full 10-year window we track, SCHD has the edge at +11.50% annualized vs +7.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.7% for SMMV. 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 what each fund did in the worst stretch of the window measured above.
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 3.00% against 1.65% for SMMV.
Holdings Overlap
1.4% of SCHD's money is in holdings SMMV also owns. 1.7% of SMMV's money is in holdings SCHD also owns.
SMMV and SCHD share little of their money.
7 positions in common, counted across the 100 positions we hold weights for in SCHD and 349 in SMMV, against full books of 103 and 369.
What only one of them owns
Our book lists 327 positions for SMMV that do not appear in our book for SCHD (94.3% of the fund), and 92 for SCHD that do not appear in SMMV (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.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SMMV | Difference |
|---|---|---|---|
| ORIOld Republic International Corp | 0.23% | 0.63% | 0.40% |
| APAApa Corp | 0.37% | 0.35% | 0.02% |
| DINOHollyfrontier | 0.38% | 0.31% | 0.07% |
| SWKSSkyworks Solutions Inc. | 0.25% | 0.07% | 0.18% |
| LANCLancaster Colony Corp | 0.06% | 0.21% | 0.15% |
| CWENClearway Energy Inc | 0.09% | 0.07% | 0.02% |
| AMSFAmerisafe Inc | 0.01% | 0.08% | 0.07% |
You are not choosing between two funds in isolation.
Whichever of SCHD and SMMV 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 SMMV?
SCHD has an expense ratio of 0.06% while SMMV charges 0.20%. SCHD is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, SCHD or SMMV?
Over the past year SCHD returned +28.14% vs +9.55% for SMMV, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), SCHD annualized +11.50% vs +7.65% for SMMV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SMMV?
SCHD has been the more volatile fund at 15.3% annualized versus 13.7% for SMMV. 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 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 SMMV?
1.7% of SMMV's money is in holdings SCHD also owns. 1.7% of SMMV's is in holdings SCHD also owns. They hold 7 positions in common, counted across the 100 positions we hold weights for in SCHD and 349 in SMMV.
Which pays a higher dividend, SCHD or SMMV?
SCHD yields 3.00% while SMMV yields 1.65%, so SCHD currently pays the higher dividend yield.
Is SMMV better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SMMV is less concentrated, with 12.5% 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.