SCHD vs XMMO
Schwab US Dividend Equity ETF vs Invesco S&P MidCap 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 | XMMO | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.35% | |
| AUM | $108.7B | $7.6B | |
| Dividend Yield | 3.13% | 0.63% | |
| Holdings | 104 | 77 | |
| YTD Return | +27.67% | +12.14% | |
| 1Y Return | +31.26% | +21.22% | |
| 3Y Return (annualized) | +16.66% | +25.32% | |
| 5Y Return (annualized) | +10.18% | +14.25% | |
| Volatility (annualized) | 13.6% | 29.9% | |
| Max Drawdown | -33.4% | -84.7% | |
| Fund Family | Charles Schwab Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Mar 3, 2005 |
SCHD vs XMMO Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Invesco S&P MidCap Momentum ETF (XMMO) is a ETF from Invesco (US). Over the past year SCHD returned +31.26% while XMMO returned +21.22%. Year to date, SCHD is up 27.67% versus a gain of 12.14% for XMMO.
Over three years, SCHD compounded at +16.66% per year against +25.32% for XMMO; over five years the annualized figures are +10.18% and +14.25% respectively. Across the full 15-year window we track, SCHD has the edge at +11.57% annualized vs +7.17%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XMMO has been the more volatile fund, with annualized monthly volatility of 29.9% 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 -84.7% for XMMO. 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while XMMO 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 0.63% for XMMO.
Holdings Overlap
SCHD and XMMO share 4 holdings out of 172 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or XMMO?
SCHD has an expense ratio of 0.06% while XMMO 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 XMMO?
Over the past year SCHD returned +31.26% vs +21.22% for XMMO, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.57% vs +7.17% for XMMO. Past performance does not guarantee future results.
Which is riskier, SCHD or XMMO?
XMMO has been the more volatile fund at 29.9% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs XMMO -84.7%.
Should I hold both SCHD and XMMO?
SCHD and XMMO have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and XMMO?
SCHD and XMMO share 4 common holdings with a 0.8% weight overlap. Combined, they hold 172 unique securities.
Which pays a higher dividend, SCHD or XMMO?
SCHD yields 3.13% while XMMO yields 0.63%, so SCHD currently pays the higher dividend yield.
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