SCHD vs VFMV
Schwab US Dividend Equity ETF vs Vanguard US Minimum Volatility ETF
Which is better, SCHD or VFMV?
Large Cap Value against Mid Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. VFMV is less concentrated, with 15.6% of the fund in its ten largest positions against 41.5%.
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 | VFMV |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.13% |
| AUM | $112.2B | $437M |
| Dividend Yield | 3.13% | 1.75% |
| Holdings | 103 | 204 |
| YTD Return | +26.13%Best | +10.51% |
| 1Y Return | +30.01%Best | +10.31% |
| 3Y Return (annualized) | +16.09%Best | +14.85% |
| 5Y Return (annualized) | +9.95%Best | +8.76% |
| Volatility (annualized) | 16.1% | 13.2%Best |
| Max Drawdown | -33.4%Best | -33.6% |
| $10,000 over 5 years | $16,069Best | $15,218 |
| Top 10 Weight | 41.5% | 15.6%Best |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Mid Cap Blend |
| Inception | Oct 20, 2011 | Feb 13, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Feb 15, 2018 to Sep 8, 2026 (8.6 years).
SCHD vs VFMV 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 8.6 years both funds cover.
SCHD vs VFMV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Vanguard US Minimum Volatility ETF (VFMV) is an ETF from Vanguard (US). Over the past year SCHD returned +30.01% while VFMV returned +10.31%. Year to date, SCHD is up 26.13% versus a gain of 10.51% for VFMV.
Over three years, SCHD compounded at +16.09% per year against +14.85% for VFMV; over five years the annualized figures are +9.95% and +8.76% respectively. Across the full 9-year window we track, SCHD has the edge at +11.05% annualized vs +9.67%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 13.2% for VFMV. 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 -33.6% for VFMV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while VFMV 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 1.75% for VFMV.
Holdings Overlap
40.1% of SCHD's money is in holdings VFMV also owns. 12.2% of VFMV's money is in holdings SCHD also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 100 positions we hold weights for in SCHD and 201 in VFMV, against full books of 103 and 204.
What only one of them owns
Our book lists 182 positions for VFMV that do not appear in our book for SCHD (87.3% of the fund), and 81 for SCHD that do not appear in VFMV (59.6%).
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 VFMV | Difference |
|---|---|---|---|
| KOCoca-cola Co. | 4.20% | 1.46% | 2.74% |
| CVXChevron Corp.United States -Energy | 3.74% | 1.60% | 2.14% |
| ABTAbbott Laboratories | 4.70% | 0.58% | 4.12% |
| VZVerizon Communications Inc Com Usd1 | 3.84% | 1.42% | 2.42% |
| TXNTexas Instruments, Inc | 3.53% | 1.41% | 2.12% |
| PGProcter & Gamble Company | 3.96% | 0.84% | 3.12% |
| MRKMerck & Co. Inc. | 4.26% | 0.27% | 3.99% |
| MOAltria Group Inc. | 2.86% | 0.90% | 1.96% |
| QCOMQualcomm | 2.55% | 1.16% | 1.39% |
| LMTLockheed Martin Corp | 2.99% | 0.15% | 2.84% |
40.1% of SCHD is already inside VFMV.
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 VFMV?
SCHD has an expense ratio of 0.06% while VFMV charges 0.13%. SCHD is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, SCHD or VFMV?
Over the past year SCHD returned +30.01% vs +10.31% for VFMV, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), SCHD annualized +11.05% vs +9.67% for VFMV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or VFMV?
SCHD has been the more volatile fund at 16.1% annualized versus 13.2% for VFMV. Worst drawdown: SCHD -33.4% vs VFMV -33.6%.
Should I hold both SCHD and VFMV?
SCHD and VFMV have a monthly-return correlation of 0.89, 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 VFMV?
40.1% of SCHD's money is in holdings VFMV also owns. 12.2% of VFMV's is in holdings SCHD also owns. They hold 17 positions in common, counted across the 100 positions we hold weights for in SCHD and 201 in VFMV.
Which pays a higher dividend, SCHD or VFMV?
SCHD yields 3.13% while VFMV yields 1.75%, so SCHD currently pays the higher dividend yield.
Is VFMV better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. VFMV is less concentrated, with 15.6% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.