MIG vs SCHD
MIG vs SCHD
VanEck Moody's Analytics IG Corporate Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. MIG offers more diversification with 310 holdings.
Side-by-Side Comparison
| Metric | MIG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $20M | $103.7B | |
| Dividend Yield | 4.76% | 3.31% | |
| Holdings | 356 | 104 | |
| YTD Return | -2.46% | +23.31% | |
| 1Y Return | -0.79% | +30.42% | |
| 3Y Return (annualized) | +4.57% | +14.66% | |
| 5Y Return (annualized) | -0.20% | +9.59% | |
| Volatility (annualized) | 7.2% | 13.6% | |
| Max Drawdown | -21.0% | -33.4% | |
| Fund Family | VanEck | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 1, 2020 | Oct 20, 2011 |
MIG vs SCHD Performance
VanEck Moody's Analytics IG Corporate Bond ETF (MIG) is a ETF from VanEck and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MIG returned -0.79% while SCHD returned +30.42%. Year to date, MIG is down 2.46% versus a gain of 23.31% for SCHD.
Over three years, MIG compounded at +4.57% per year against +14.66% for SCHD; over five years the annualized figures are -0.20% and +9.59% respectively. Across the full 6-year window we track, SCHD has the edge at +11.34% annualized vs +0.27%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 7.2% for MIG. 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 -21.0% for MIG 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MIG charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, MIG currently yields 4.76% against 3.31% for SCHD.
Holdings Overlap
MIG and SCHD share 4 holdings out of 406 unique holdings combined, representing a 1.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
Frequently Asked Questions
Which is cheaper, MIG or SCHD?
MIG has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, MIG or SCHD?
Over the past year MIG returned -0.79% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), MIG annualized +0.27% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, MIG or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 7.2% for MIG. Worst drawdown: MIG -21.0% vs SCHD -33.4%.
Should I hold both MIG and SCHD?
MIG and SCHD have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MIG and SCHD?
MIG and SCHD share 4 common holdings with a 1.3% weight overlap. Combined, they hold 406 unique securities.
Which pays a higher dividend, MIG or SCHD?
MIG yields 4.76% while SCHD yields 3.31%, so MIG currently pays the higher dividend yield.
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