SCHD vs UMDD
Schwab US Dividend Equity ETF vs UltraPro MidCap400
Which is better, SCHD or UMDD?
Large Cap Value against Multi Alternative.
SCHD has a lower expense ratio. SCHD led over 1Y and 5Y, UMDD over 3Y and the full window.
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 | UMDD |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.95% |
| AUM | $112.1B | $29M |
| Dividend Yield | 3.00% | 0.69% |
| Holdings | 103 | 409 |
| YTD Return | +25.07%Best | +24.40% |
| 1Y Return | +27.61%Best | +22.82% |
| 3Y Return (annualized) | +15.74% | +21.31%Best |
| 5Y Return (annualized) | +9.89%Best | +1.77% |
| Volatility (annualized) | 13.6%Best | 50.5% |
| Max Drawdown | -33.4%Best | -86.4% |
| $10,000 over 5 years | $16,025Best | $10,917 |
| Fund Family | Charles Schwab Asset Management | ProShares |
| Category | Equity | Alternative |
| Style | Large Cap Value | Multi Alternative |
| Inception | Oct 20, 2011 | Feb 9, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 11, 2026 (14.9 years).
SCHD vs UMDD 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 UMDD Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and UltraPro MidCap400 (UMDD) is an ETF from ProShares. Over the past year SCHD returned +27.61% while UMDD returned +22.82%. Year to date, SCHD is up 25.07% versus a gain of 24.40% for UMDD.
Over three years, SCHD compounded at +15.74% per year against +21.31% for UMDD; over five years the annualized figures are +9.89% and +1.77% respectively. Across the full 15-year window we track, UMDD has the edge at +18.68% annualized vs +11.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UMDD has been the more volatile fund, with annualized monthly volatility of 50.5% 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 -86.4% for UMDD. 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 UMDD charges 0.95%. On a $10,000 position that is $6 vs $95 annually, a gap of $89 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.69% for UMDD.
Holdings Overlap
At least 3.5% of SCHD's money is in holdings UMDD also owns.
Stated as a floor: for UMDD, our book for it covers 53.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and UMDD share little of their money.
The two holdings books were reported 62 days apart, SCHD as of Aug 31, 2026 and UMDD as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
18 positions in common, counted across the 100 positions we hold weights for in SCHD and 400 in UMDD, against full books of 103 and 409.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in UMDD | Difference |
|---|---|---|---|
| EWBCEast West Bancorp, Inc. | 0.42% | 0.27% | 0.15% |
| DINOHollyfrontier | 0.38% | 0.17% | 0.21% |
| FNFFidelity National Financial Inc. | 0.29% | 0.18% | 0.11% |
| WSOWatsco Inc | 0.26% | 0.21% | 0.05% |
| AFGAmerican Financial Group Inc/Oh | 0.24% | 0.15% | 0.09% |
| ORIOld Republic International Corp | 0.23% | 0.14% | 0.09% |
| COLBColumbia Banking System Inc Common Stock | 0.21% | 0.14% | 0.07% |
| BAHBooz Allen Hamilton Holding Corp. | 0.22% | 0.11% | 0.11% |
| ALVAutoliv, Inc. Com | 0.20% | 0.12% | 0.08% |
| MMacy'S Inc. | 0.14% | 0.09% | 0.05% |
You are not choosing between two funds in isolation.
Whichever of SCHD and UMDD 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 UMDD?
SCHD has an expense ratio of 0.06% while UMDD charges 0.95%. SCHD is the cheaper option, by $89 a year on a $10,000 investment.
Which performed better, SCHD or UMDD?
Over the past year SCHD returned +27.61% vs +22.82% for UMDD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.36% vs +18.68% for UMDD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or UMDD?
UMDD has been the more volatile fund at 50.5% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs UMDD -86.4%.
Should I hold both SCHD and UMDD?
SCHD and UMDD 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 UMDD?
At least 3.5% of SCHD's money is in holdings UMDD also owns. Our book for UMDD is partial, so the real figure is this or higher. They hold 18 positions in common, counted across the 100 positions we hold weights for in SCHD and 400 in UMDD.
Which pays a higher dividend, SCHD or UMDD?
SCHD yields 3.00% while UMDD yields 0.69%, so SCHD currently pays the higher dividend yield.
Is UMDD better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and 5Y, UMDD over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.