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ETF comparison

SCHD vs SCHM

Dividend vs US Mid Cap.

Schwab U.S. Dividend Equity ETF · Schwab U.S. Mid-Cap ETF

Holdings overlap

Weighted by ISIN/CUSIP
3.0 %

18 positions appear in both funds. Buying equal dollars of SCHD and SCHM would leave roughly 3.0% of each dollar exposed to the same underlying securities.

SCHD unmatched 96.8% Shared 3.0% SCHM unmatched 96.9%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In SCHD only
81 positions
Shared
18 positions
In SCHM only
478 positions

Side by side

SCHD

Schwab U.S. Dividend Equity ETF

Schwab · Dividend

85 composite / 100
Expense ratio
0.060%
Net assets
$107.89B
TTM yield
2.99%
Top-10 conc.
43.6%
SCHM

Schwab U.S. Mid-Cap ETF

Schwab · US Mid Cap

96 composite / 100
Expense ratio
0.030%
Net assets
$14.32B
TTM yield
1.28%
Top-10 conc.
13.3%

Sub-score comparison

94
Cost
97
75
Tax efficiency
88
100
Liquidity
100
52
Concentration
95
—
Tracking quality
—
SCHD sub-score SCHM

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SCHM is 3 bps cheaper than SCHD. On a $100,000 position that's about $30/yr more in fees for SCHD.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with SCHD vs SCHM.

Top shared holdings

18 shared in total
# Holding In SCHD In SCHM Overlap
1 Snap-on Inc 0.48% 0.36% 0.36%
2 East West Bancorp Inc 0.42% 0.31% 0.31%
3 APA Corp 0.33% 0.24% 0.24%
4 Watsco Inc 0.32% 0.24% 0.24%
5 Fidelity National Financial Inc 0.30% 0.22% 0.22%
6 Skyworks Solutions Inc 0.29% 0.22% 0.22%
7 HF Sinclair Corp 0.28% 0.20% 0.20%
8 Booz Allen Hamilton Holding Corp 0.24% 0.18% 0.18%
9 American Financial Group Inc/OH 0.23% 0.17% 0.17%
10 Columbia Banking System Inc 0.22% 0.16% 0.16%
11 Autoliv Inc 0.22% 0.16% 0.16%
12 Old Republic International Corp 0.21% 0.16% 0.16%

Only in SCHD

81 total
  • QUALCOMM Inc 6.74%
  • Texas Instruments Inc 5.90%
  • UnitedHealth Group Inc 5.09%
  • Coca-Cola Co/The 3.96%
  • Merck & Co Inc 3.86%
  • Chevron Corp 3.83%
  • Verizon Communications Inc 3.65%
  • Procter & Gamble Co/The 3.55%
  • ConocoPhillips 3.51%
  • Amgen Inc 3.47%

Only in SCHM

478 total
  • Sandisk Corp/DE 4.64%
  • Ciena Corp 1.52%
  • Bloom Energy Corp 1.36%
  • Coherent Corp 1.26%
  • Lumentum Holdings Inc 1.13%
  • Flex Ltd 1.03%
  • Steel Dynamics Inc 0.66%
  • Revolution Medicines Inc 0.57%
  • Tapestry Inc 0.55%
  • Twilio Inc 0.54%

Related comparisons

More comparisons with SCHD

More comparisons with SCHM

Percentages are holdings overlap with the named fund.

Open SCHD or SCHM at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.