SCHD vs SPVM
Schwab US Dividend Equity ETF vs Invesco S&P 500 Value with Momentum ETF
Which is better, SCHD or SPVM?
Each has led over a different period.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window, SPVM over 3Y and 5Y. SPVM is less concentrated, with 15.9% 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 | SPVM |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.39% |
| AUM | $112.1B | $137M |
| Dividend Yield | 3.00% | 1.94% |
| Holdings | 103 | 102 |
| YTD Return | +23.46%Best | +11.91% |
| 1Y Return | +27.20%Best | +17.95% |
| 3Y Return (annualized) | +15.41% | +17.95%Best |
| 5Y Return (annualized) | +10.16% | +11.83%Best |
| Volatility (annualized) | 13.7%Best | 15.9% |
| Max Drawdown | -33.4%Best | -45.9% |
| $10,000 over 5 years | $16,223 | $17,490Best |
| Top 10 Weight | 41.8% | 15.9%Best |
| Fund Family | Charles Schwab Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | Jun 16, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 18, 2026 (14.9 years).
SCHD vs SPVM 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 14.9 years both funds cover.
SCHD vs SPVM Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Invesco S&P 500 Value with Momentum ETF (SPVM) is an ETF from Invesco (US). Over the past year SCHD returned +27.20% while SPVM returned +17.95%. Year to date, SCHD is up 23.46% versus a gain of 11.91% for SPVM.
Over three years, SCHD compounded at +15.41% per year against +17.95% for SPVM; over five years the annualized figures are +10.16% and +11.83% respectively. Across the full 15-year window we track, SCHD has the edge at +11.25% annualized vs +10.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPVM has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 13.7% 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 what each fund did in the worst stretch of the window measured above.
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 3.00% against 1.94% for SPVM.
Holdings Overlap
26.5% of SCHD's money is in holdings SPVM also owns. 16.1% of SPVM's money is in holdings SCHD also owns.
SCHD and SPVM share little of their money.
15 positions in common, counted across the 100 positions we hold weights for in SCHD and 101 in SPVM, against full books of 103 and 102.
What only one of them owns
Our book lists 85 positions for SPVM that do not appear in our book for SCHD (83.3% of the fund), and 84 for SCHD that do not appear in SPVM (73.4%).
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 SPVM | Difference |
|---|---|---|---|
| VZVerizon Communic | 3.97% | 1.18% | 2.79% |
| CVXChevron Corp | 4.02% | 0.77% | 3.25% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 0.84% | 3.10% |
| BMYBristol-Myers Squibb Co. | 3.33% | 0.71% | 2.62% |
| TGTTarget Corp Common Stock Usd.0833 | 1.78% | 1.51% | 0.27% |
| EOGEog Resources Inc | 1.88% | 0.88% | 1.00% |
| DVNDevon Energy Corporation | 1.36% | 1.11% | 0.25% |
| ADMArcher-Daniels-Midland Co. | 0.96% | 1.31% | 0.35% |
| FFord Motor Credit | 1.33% | 0.90% | 0.43% |
| FITBFifth Third Bancorp | 1.19% | 0.93% | 0.26% |
26.5% of SCHD is already inside SPVM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $33 a year on a $10,000 investment.
Which performed better, SCHD or SPVM?
Over the past year SCHD returned +27.20% vs +17.95% for SPVM, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.25% vs +10.82% for SPVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPVM?
SPVM has been the more volatile fund at 15.9% annualized versus 13.7% 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 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 SPVM?
26.5% of SCHD's money is in holdings SPVM also owns. 16.1% of SPVM's is in holdings SCHD also owns. They hold 15 positions in common, counted across the 100 positions we hold weights for in SCHD and 101 in SPVM.
Which pays a higher dividend, SCHD or SPVM?
SCHD yields 3.00% while SPVM yields 1.94%, so SCHD currently pays the higher dividend yield.
Is SPVM better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window, SPVM over 3Y and 5Y. SPVM is less concentrated, with 15.9% 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.