IQSM vs SCHD
IQSM vs SCHD
NYLI Candriam US Mid Cap Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. IQSM offers more diversification with 240 holdings.
Side-by-Side Comparison
| Metric | IQSM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $330M | $103.7B | |
| Dividend Yield | 1.04% | 3.31% | |
| Holdings | 243 | 104 | |
| YTD Return | +16.67% | +24.26% | |
| 1Y Return | +26.09% | +31.38% | |
| 3Y Return (annualized) | +13.45% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 16.7% | 13.6% | |
| Max Drawdown | -23.7% | -33.4% | |
| Fund Family | INDEXIQ ETF TRUST | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 25, 2022 | Oct 20, 2011 |
IQSM vs SCHD Performance
NYLI Candriam US Mid Cap Equity ETF (IQSM) is a ETF from INDEXIQ ETF TRUST and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IQSM returned +26.09% while SCHD returned +31.38%. Year to date, IQSM is up 16.67% versus a gain of 24.26% for SCHD.
Over three years, IQSM compounded at +13.45% per year against +15.08% for SCHD. Across the full 4-year window we track, IQSM has the edge at +14.07% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IQSM has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -23.7% for IQSM 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IQSM charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, IQSM currently yields 1.04% against 3.31% for SCHD.
Holdings Overlap
IQSM and SCHD share 7 holdings out of 333 unique holdings combined, representing a 2.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IQSM | Weight in SCHD | Difference |
|---|---|---|---|
| EWBC | 0.71% | 0.47% | 0.24% |
| DINO | 0.44% | 0.36% | 0.08% |
| SWKS | 0.45% | 0.24% | 0.21% |
| AFG | Pro | Pro | Pro |
| COLB | Pro | Pro | Pro |
| ORI | Pro | Pro | Pro |
| ALV | Pro | Pro | Pro |
See all 7 holdings IQSM shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IQSM or SCHD?
IQSM has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, IQSM or SCHD?
Over the past year IQSM returned +26.09% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), IQSM annualized +14.07% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, IQSM or SCHD?
IQSM has been the more volatile fund at 16.7% annualized versus 13.6% for SCHD. Worst drawdown: IQSM -23.7% vs SCHD -33.4%.
Should I hold both IQSM and SCHD?
IQSM and SCHD have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IQSM and SCHD?
IQSM and SCHD share 7 common holdings with a 2.0% weight overlap. Combined, they hold 333 unique securities.
Which pays a higher dividend, IQSM or SCHD?
IQSM yields 1.04% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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