SCHD vs SMRI
Schwab US Dividend Equity ETF vs Bushido Capital US Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SMRI delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | SMRI | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.71% | |
| AUM | $103.7B | $640M | |
| Dividend Yield | 3.31% | 0.93% | |
| Holdings | 104 | 52 | |
| YTD Return | +25.62% | +30.02% | |
| 1Y Return | +32.62% | +49.30% | |
| 3Y Return (annualized) | +15.58% | - | |
| 5Y Return (annualized) | +9.63% | - | |
| Volatility (annualized) | 13.6% | 15.3% | |
| Max Drawdown | -33.4% | -18.1% | |
| Fund Family | Charles Schwab Asset Management | Bushido Capital | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 14, 2023 |
SCHD vs SMRI Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Bushido Capital US Equity ETF (SMRI) is a ETF from Bushido Capital. Over the past year SCHD returned +32.62% while SMRI returned +49.30%. Year to date, SCHD is up 25.62% versus a gain of 30.02% for SMRI.
Risk: Volatility and Drawdowns
SMRI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -18.1% for SMRI. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SMRI charges 0.71%. On a $10,000 position that is $6 vs $71 annually, a gap of $65 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.93% for SMRI.
Holdings Overlap
SCHD and SMRI share 7 holdings out of 144 unique holdings combined, representing a 11.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SMRI?
SCHD has an expense ratio of 0.06% while SMRI charges 0.71%. SCHD is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, SCHD or SMRI?
Over the past year SCHD returned +32.62% vs +49.30% for SMRI, so SMRI leads on 1-year performance. Over the longest common window we track (3 years), SCHD annualized +11.47% vs +27.04% for SMRI. Past performance does not guarantee future results.
Which is riskier, SCHD or SMRI?
SMRI has been the more volatile fund at 15.3% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SMRI -18.1%.
Should I hold both SCHD and SMRI?
SCHD and SMRI have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SMRI?
SCHD and SMRI share 7 common holdings with a 11.2% weight overlap. Combined, they hold 144 unique securities.
Which pays a higher dividend, SCHD or SMRI?
SCHD yields 3.31% while SMRI yields 0.93%, so SCHD currently pays the higher dividend yield.
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