SCHD vs XME
Schwab US Dividend Equity ETF vs State Street SPDR S&P Metals & Mining ETF
Quick Verdict
SCHD has a lower expense ratio. XME delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | XME | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.35% | |
| AUM | $108.7B | $4.5B | |
| Dividend Yield | 3.13% | 0.37% | |
| Holdings | 104 | 41 | |
| YTD Return | +26.50% | +5.81% | |
| 1Y Return | +31.25% | +44.16% | |
| 3Y Return (annualized) | +16.34% | +31.50% | |
| 5Y Return (annualized) | +10.10% | +22.36% | |
| Volatility (annualized) | 13.6% | 34.5% | |
| Max Drawdown | -33.4% | -87.3% | |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Jun 19, 2006 |
SCHD vs XME Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and State Street SPDR S&P Metals & Mining ETF (XME) is a ETF from State Street Investment Management. Over the past year SCHD returned +31.25% while XME returned +44.16%. Year to date, SCHD is up 26.50% versus a gain of 5.81% for XME.
Over three years, SCHD compounded at +16.34% per year against +31.50% for XME; over five years the annualized figures are +10.10% and +22.36% respectively. Across the full 15-year window we track, SCHD has the edge at +11.50% annualized vs +4.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XME has been the more volatile fund, with annualized monthly volatility of 34.5% 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 -87.3% for XME. 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 XME charges 0.35%. On a $10,000 position that is $6 vs $35 annually, a gap of $29 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 0.37% for XME.
Holdings Overlap
SCHD and XME share 0 holdings out of 140 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or XME?
SCHD has an expense ratio of 0.06% while XME charges 0.35%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, SCHD or XME?
Over the past year SCHD returned +31.25% vs +44.16% for XME, so XME leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.50% vs +4.94% for XME. Past performance does not guarantee future results.
Which is riskier, SCHD or XME?
XME has been the more volatile fund at 34.5% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs XME -87.3%.
Should I hold both SCHD and XME?
SCHD and XME 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 XME?
SCHD and XME share 0 common holdings with a 0.0% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, SCHD or XME?
SCHD yields 3.13% while XME yields 0.37%, so SCHD currently pays the higher dividend yield.
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