FDWM vs SCHD
FDWM vs SCHD
Fidelity Womens Leadership ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | FDWM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.06% | |
| AUM | $5M | $103.7B | |
| Dividend Yield | 0.52% | 3.31% | |
| Holdings | 82 | 104 | |
| YTD Return | +17.37% | +23.53% | |
| 1Y Return | +14.55% | +30.95% | |
| 3Y Return (annualized) | +16.64% | +14.72% | |
| 5Y Return (annualized) | - | +9.56% | |
| Volatility (annualized) | 17.3% | 13.6% | |
| Max Drawdown | -29.1% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 15, 2021 | Oct 20, 2011 |
FDWM vs SCHD Performance
Fidelity Womens Leadership ETF (FDWM) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FDWM returned +14.55% while SCHD returned +30.95%. Year to date, FDWM is up 17.37% versus a gain of 23.53% for SCHD.
Over three years, FDWM compounded at +16.64% per year against +14.72% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.35% annualized vs +7.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDWM has been the more volatile fund, with annualized monthly volatility of 17.3% 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 -29.1% for FDWM and -33.4% for SCHD. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDWM charges 0.59% per year while SCHD charges 0.06%. On a $10,000 position that is $59 vs $6 annually, a gap of $53 per year that compounds over a long holding period. On income, FDWM currently yields 0.52% against 3.31% for SCHD.
Holdings Overlap
FDWM and SCHD share 3 holdings out of 183 unique holdings combined, representing a 3.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDWM or SCHD?
FDWM has an expense ratio of 0.59% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, FDWM or SCHD?
Over the past year FDWM returned +14.55% vs +30.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), FDWM annualized +7.73% vs +11.35% for SCHD. Past performance does not guarantee future results.
Which is riskier, FDWM or SCHD?
FDWM has been the more volatile fund at 17.3% annualized versus 13.6% for SCHD. Worst drawdown: FDWM -29.1% vs SCHD -33.4%.
Should I hold both FDWM and SCHD?
FDWM and SCHD have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDWM and SCHD?
FDWM and SCHD share 3 common holdings with a 3.4% weight overlap. Combined, they hold 183 unique securities.
Which pays a higher dividend, FDWM or SCHD?
FDWM yields 0.52% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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