IMCV vs SCHD
iShares Morningstar Mid-Cap Value ETF vs Schwab US Dividend Equity ETF
Which is better, IMCV or SCHD?
Mid Cap Value against Large Cap Value.
IMCV led over 3Y and 5Y, SCHD over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. IMCV is less concentrated, with 13.2% of the fund in its ten largest positions against 41.6%.
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 | IMCV | SCHD |
|---|---|---|
| Expense Ratio | 0.06%Tie | 0.06%Tie |
| AUM | $1.2B | $111.6B |
| Dividend Yield | 1.99% | 3.24% |
| Holdings | 273 | 206 |
| YTD Return | +16.35% | +24.55%Best |
| 1Y Return | +21.97% | +29.85%Best |
| 3Y Return (annualized) | +18.89%Best | +16.64% |
| 5Y Return (annualized) | +10.13%Best | +9.54% |
| Volatility (annualized) | 16.4% | 13.7%Best |
| Max Drawdown | -46.3% | -33.4%Best |
| $10,000 over 5 years | $16,200Best | $15,771 |
| Top 10 Weight | 13.2%Best | 41.6% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Jun 28, 2004 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Oct 14, 2026 (15 years).
IMCV vs SCHD 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 15 years both funds cover.
IMCV vs SCHD Performance
iShares Morningstar Mid-Cap Value ETF (IMCV) is an ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year IMCV returned +21.97% while SCHD returned +29.85%. Year to date, IMCV is up 16.35% versus a gain of 24.55% for SCHD.
Over three years, IMCV compounded at +18.89% per year against +16.64% for SCHD; over five years the annualized figures are +10.13% and +9.54% respectively. Across the full 15-year window we track, SCHD has the edge at +11.26% annualized vs +10.93%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IMCV has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 13.7% 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 -46.3% for IMCV and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IMCV charges 0.06% per year while SCHD charges 0.06%. On a $10,000 position that is $6 vs $6 annually. On income, IMCV currently yields 1.99% against 3.24% for SCHD.
Holdings Overlap
12.4% of IMCV's money is in holdings SCHD also owns. 23.7% of SCHD's money is in holdings IMCV also owns.
SCHD and IMCV share little of their money.
24 positions in common, counted across the 270 positions we hold weights for in IMCV and 98 in SCHD, against full books of 273 and 206.
What only one of them owns
Our book lists 73 positions for SCHD that do not appear in our book for IMCV (76.0% of the fund), and 236 for IMCV that do not appear in SCHD (85.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IMCV | Weight in SCHD | Difference |
|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 1.53% | 2.63% | 1.10% |
| EOGEog Resources Inc | 1.08% | 1.91% | 0.83% |
| SLBSchlumberger Nv. | 1.05% | 1.86% | 0.81% |
| TGTTARGET CORP | 1.04% | 1.82% | 0.78% |
| UPSUnited Parcel Service, Inc | 1.02% | 1.79% | 0.77% |
| OKEOneok Inc. | 0.80% | 1.42% | 0.62% |
| DVNDevon Energy Corp. | 0.75% | 1.35% | 0.60% |
| FFord Motor Co | 0.70% | 1.22% | 0.52% |
| FITBFifth Third Bancorp | 0.39% | 1.19% | 0.80% |
| ADMArcher-daniels D | 0.53% | 1.00% | 0.47% |
23.7% of SCHD is already inside IMCV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IMCV or SCHD?
IMCV has an expense ratio of 0.06% while SCHD charges 0.06%. At the precision these are quoted to, they cost the same.
Which performed better, IMCV or SCHD?
Over the past year IMCV returned +21.97% vs +29.85% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), IMCV annualized +10.93% vs +11.26% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IMCV or SCHD?
IMCV has been the more volatile fund at 16.4% annualized versus 13.7% for SCHD. Worst drawdown: IMCV -46.3% vs SCHD -33.4%.
Should I hold both IMCV and SCHD?
IMCV and SCHD have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IMCV and SCHD?
23.7% of SCHD's money is in holdings IMCV also owns. 23.7% of SCHD's is in holdings IMCV also owns. They hold 24 positions in common, counted across the 270 positions we hold weights for in IMCV and 98 in SCHD.
Which pays a higher dividend, IMCV or SCHD?
IMCV yields 1.99% while SCHD yields 3.24%, so SCHD currently pays the higher dividend yield.
Is SCHD better than IMCV?
IMCV led over 3Y and 5Y, SCHD over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. IMCV is less concentrated, with 13.2% of the fund in its ten largest positions against 41.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.