SCHD vs SPMO
Schwab US Dividend Equity ETF vs Invesco S&P 500 Momentum ETF
Which is better, SCHD or SPMO?
Large Cap Value against Large Cap Growth.
SCHD has a lower expense ratio. SCHD led over 1Y, SPMO over 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 51.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHD | SPMO |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.13% |
| AUM | $112.1B | $22.0B |
| Dividend Yield | 3.00% | 0.71% |
| Holdings | 103 | 101 |
| YTD Return | +24.96% | +26.14%Best |
| 1Y Return | +28.75%Best | +27.93% |
| 3Y Return (annualized) | +15.71% | +37.59%Best |
| 5Y Return (annualized) | +9.86% | +20.24%Best |
| Volatility (annualized) | 14.8%Best | 17.5% |
| Max Drawdown | -33.4% | -31.3%Best |
| $10,000 over 5 years | $16,003 | $25,133Best |
| Top 10 Weight | 41.8%Best | 51.4% |
| Fund Family | Charles Schwab Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Oct 20, 2011 | Oct 9, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Oct 12, 2015 to Sep 9, 2026 (10.9 years).
SCHD vs SPMO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10.9 years both funds cover.
SCHD vs SPMO Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Invesco S&P 500 Momentum ETF (SPMO) is an ETF from Invesco (US). Over the past year SCHD returned +28.75% while SPMO returned +27.93%. Year to date, SCHD is up 24.96% versus a gain of 26.14% for SPMO.
Over three years, SCHD compounded at +15.71% per year against +37.59% for SPMO; over five years the annualized figures are +9.86% and +20.24% respectively. Across the full 11-year window we track, SPMO has the edge at +18.41% annualized vs +11.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPMO has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 14.8% 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 -31.3% for SPMO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPMO charges 0.13%. On a $10,000 position that is $6 vs $13 annually, a gap of $7 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.71% for SPMO.
Holdings Overlap
12.7% of SCHD's money is in holdings SPMO also owns. 2.8% of SPMO's money is in holdings SCHD also owns.
SCHD and SPMO share little of their money.
6 positions in common, counted across the 100 positions we hold weights for in SCHD and 100 in SPMO, against full books of 103 and 101.
What only one of them owns
Measured across the 100 and 100 positions we hold weights for.
SCHD holds 93 positions SPMO does not, 87.3% of the fund.
Largest: MRK 4.77%, AMGN 4.70%, ABT 4.69%, CVX 4.02%, VZ 3.97%
You are not choosing between two funds in isolation.
Whichever of SCHD and SPMO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or SPMO?
SCHD has an expense ratio of 0.06% while SPMO charges 0.13%. SCHD is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, SCHD or SPMO?
Over the past year SCHD returned +28.75% vs +27.93% for SPMO, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +11.46% vs +18.41% for SPMO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPMO?
SPMO has been the more volatile fund at 17.5% annualized versus 14.8% for SCHD. Worst drawdown: SCHD -33.4% vs SPMO -31.3%.
Should I hold both SCHD and SPMO?
SCHD and SPMO have a monthly-return correlation of 0.62, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SCHD and SPMO?
12.7% of SCHD's money is in holdings SPMO also owns. 2.8% of SPMO's is in holdings SCHD also owns. They hold 6 positions in common, counted across the 100 positions we hold weights for in SCHD and 100 in SPMO.
Which pays a higher dividend, SCHD or SPMO?
SCHD yields 3.00% while SPMO yields 0.71%, so SCHD currently pays the higher dividend yield.
Is SPMO better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, SPMO over 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 51.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.