SCHD vs SPMO
Schwab US Dividend Equity ETF vs Invesco S&P 500 Momentum ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPMO | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.13% | |
| AUM | $108.7B | $22.5B | |
| Dividend Yield | 3.13% | 0.73% | |
| Holdings | 104 | 101 | |
| YTD Return | +26.54% | +28.67% | |
| 1Y Return | +30.90% | +30.89% | |
| 3Y Return (annualized) | +16.29% | +39.23% | |
| 5Y Return (annualized) | +9.65% | +21.30% | |
| Volatility (annualized) | 13.6% | 17.6% | |
| Max Drawdown | -33.4% | -31.3% | |
| Fund Family | Charles Schwab Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Oct 9, 2015 |
SCHD vs SPMO Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Invesco S&P 500 Momentum ETF (SPMO) is a ETF from Invesco (US). Over the past year SCHD returned +30.90% while SPMO returned +30.89%. Year to date, SCHD is up 26.54% versus a gain of 28.67% for SPMO.
Over three years, SCHD compounded at +16.29% per year against +39.23% for SPMO; over five years the annualized figures are +9.65% and +21.30% respectively. Across the full 11-year window we track, SPMO has the edge at +18.76% annualized vs +11.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPMO has been the more volatile fund, with annualized monthly volatility of 17.6% 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 -31.3% for SPMO. 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPMO charges 0.13%. On a $10,000 position that is $6 vs $13 annually, a gap of $7 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 0.73% for SPMO.
Holdings Overlap
SCHD and SPMO share 6 holdings out of 193 unique holdings combined, representing a 2.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SPMO?
SCHD has an expense ratio of 0.06% while SPMO charges 0.13%. SCHD is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, SCHD or SPMO?
Over the past year SCHD returned +30.90% vs +30.89% for SPMO, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +11.51% vs +18.76% for SPMO. Past performance does not guarantee future results.
Which is riskier, SCHD or SPMO?
SPMO has been the more volatile fund at 17.6% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPMO -31.3%.
Should I hold both SCHD and SPMO?
SCHD and SPMO have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPMO?
SCHD and SPMO share 6 common holdings with a 2.6% weight overlap. Combined, they hold 193 unique securities.
Which pays a higher dividend, SCHD or SPMO?
SCHD yields 3.13% while SPMO yields 0.73%, so SCHD currently pays the higher dividend yield.
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