MDYG vs SCHD
MDYG vs SCHD
State Street SPDR S&P 400 Mid Cap Growth 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 | MDYG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $2.9B | $103.7B | |
| Dividend Yield | 0.57% | 3.31% | |
| Holdings | 247 | 104 | |
| YTD Return | +19.69% | +24.26% | |
| 1Y Return | +28.03% | +31.38% | |
| 3Y Return (annualized) | +16.18% | +15.08% | |
| 5Y Return (annualized) | +8.45% | +9.72% | |
| Volatility (annualized) | 18.3% | 13.6% | |
| Max Drawdown | -59.3% | -33.4% | |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2005 | Oct 20, 2011 |
MDYG vs SCHD Performance
State Street SPDR S&P 400 Mid Cap Growth ETF (MDYG) is a ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MDYG returned +28.03% while SCHD returned +31.38%. Year to date, MDYG is up 19.69% versus a gain of 24.26% for SCHD.
Over three years, MDYG compounded at +16.18% per year against +15.08% for SCHD; over five years the annualized figures are +8.45% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +9.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MDYG has been the more volatile fund, with annualized monthly volatility of 18.3% 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 -59.3% for MDYG 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MDYG 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, MDYG currently yields 0.57% against 3.31% for SCHD.
Holdings Overlap
MDYG and SCHD share 1 holdings out of 114 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MDYG | Weight in SCHD | Difference |
|---|---|---|---|
| AFG | 0.21% | 0.25% | 0.04% |
Frequently Asked Questions
Which is cheaper, MDYG or SCHD?
MDYG 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, MDYG or SCHD?
Over the past year MDYG returned +28.03% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), MDYG annualized +9.41% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, MDYG or SCHD?
MDYG has been the more volatile fund at 18.3% annualized versus 13.6% for SCHD. Worst drawdown: MDYG -59.3% vs SCHD -33.4%.
Should I hold both MDYG and SCHD?
MDYG and SCHD have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MDYG and SCHD?
MDYG and SCHD share 1 common holdings with a 0.2% weight overlap. Combined, they hold 114 unique securities.
Which pays a higher dividend, MDYG or SCHD?
MDYG yields 0.57% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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