SCHD vs SPVM
Schwab US Dividend Equity ETF vs Invesco S&P 500 Value with 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 | SPVM | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.39% | |
| AUM | $108.7B | $137M | |
| Dividend Yield | 3.13% | 1.92% | |
| Holdings | 104 | 102 | |
| YTD Return | +27.93% | +14.43% | |
| 1Y Return | +30.06% | +22.64% | |
| 3Y Return (annualized) | +16.25% | +18.92% | |
| 5Y Return (annualized) | +10.03% | +11.32% | |
| Volatility (annualized) | 13.6% | 16.5% | |
| Max Drawdown | -33.4% | -45.9% | |
| Fund Family | Charles Schwab Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Jun 16, 2011 |
SCHD vs SPVM Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Invesco S&P 500 Value with Momentum ETF (SPVM) is a ETF from Invesco (US). Over the past year SCHD returned +30.06% while SPVM returned +22.64%. Year to date, SCHD is up 27.93% versus a gain of 14.43% for SPVM.
Over three years, SCHD compounded at +16.25% per year against +18.92% for SPVM; over five years the annualized figures are +10.03% and +11.32% respectively. Across the full 15-year window we track, SCHD has the edge at +11.56% annualized vs +10.17%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPVM has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -45.9% for SPVM. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPVM charges 0.39%. On a $10,000 position that is $6 vs $39 annually, a gap of $33 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 1.92% for SPVM.
Holdings Overlap
SCHD and SPVM share 14 holdings out of 187 unique holdings combined, representing a 10.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SPVM?
SCHD has an expense ratio of 0.06% while SPVM charges 0.39%. SCHD is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, SCHD or SPVM?
Over the past year SCHD returned +30.06% vs +22.64% for SPVM, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.56% vs +10.17% for SPVM. Past performance does not guarantee future results.
Which is riskier, SCHD or SPVM?
SPVM has been the more volatile fund at 16.5% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPVM -45.9%.
Should I hold both SCHD and SPVM?
SCHD and SPVM have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPVM?
SCHD and SPVM share 14 common holdings with a 10.5% weight overlap. Combined, they hold 187 unique securities.
Which pays a higher dividend, SCHD or SPVM?
SCHD yields 3.13% while SPVM yields 1.92%, so SCHD currently pays the higher dividend yield.
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