SCHD vs SMCP
SCHD vs SMCP
Schwab US Dividend Equity ETF vs SMART Mid Cap 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 | SCHD | SMCP | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.79% | |
| AUM | $103.7B | $4M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 103 | |
| YTD Return | +23.31% | +3.67% | |
| 1Y Return | +30.42% | +3.67% | |
| 3Y Return (annualized) | +14.66% | -1.51% | |
| 5Y Return (annualized) | +9.59% | -2.83% | |
| Volatility (annualized) | 13.6% | 21.0% | |
| Max Drawdown | -33.4% | -43.8% | |
| Fund Family | Charles Schwab Asset Management | SMART Wealth, LLC | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | May 11, 2026 |
SCHD vs SMCP Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and SMART Mid Cap ETF (SMCP) is a ETF from SMART Wealth, LLC. Over the past year SCHD returned +30.42% while SMCP returned +3.67%. Year to date, SCHD is up 23.31% versus a gain of 3.67% for SMCP.
Over three years, SCHD compounded at +14.66% per year against -1.51% for SMCP; over five years the annualized figures are +9.59% and -2.83% respectively. Across the full 11-year window we track, SCHD has the edge at +11.34% annualized vs +0.53%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMCP has been the more volatile fund, with annualized monthly volatility of 21.0% 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 -43.8% for SMCP. 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
SCHD charges 0.06% per year while SMCP charges 0.79%. On a $10,000 position that is $6 vs $79 annually, a gap of $73 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.00% for SMCP.
Holdings Overlap
SCHD and SMCP share 0 holdings out of 132 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SMCP?
SCHD has an expense ratio of 0.06% while SMCP charges 0.79%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, SCHD or SMCP?
Over the past year SCHD returned +30.42% vs +3.67% for SMCP, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +11.34% vs +0.53% for SMCP. Past performance does not guarantee future results.
Which is riskier, SCHD or SMCP?
SMCP has been the more volatile fund at 21.0% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SMCP -43.8%.
Should I hold both SCHD and SMCP?
SCHD and SMCP 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 SCHD and SMCP?
SCHD and SMCP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 132 unique securities.
Which pays a higher dividend, SCHD or SMCP?
SCHD yields 3.31% while SMCP yields 0.00%, so SCHD currently pays the higher dividend yield.
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