MPAY vs SCHD
Akros Monthly Payout ETF vs Schwab US Dividend Equity ETF
Which is better, MPAY or SCHD?
Allocation/Balanced against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window.
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 | MPAY | SCHD |
|---|---|---|
| Expense Ratio | 0.56% | 0.06%Best |
| AUM | $2M | $111.6B |
| Dividend Yield | 7.15% | 3.24% |
| Holdings | 63 | 206 |
| Volatility (annualized) | 10.9%Best | 16.4% |
| Max Drawdown | -15.7%Best | -16.1% |
| $10,000 over 3 years | $10,012 | $11,074Best |
| Fund Family | Akros | Charles Schwab Asset Management |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Value |
| Inception | May 5, 2022 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 540 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. MPAY has data through Apr 22, 2025 and SCHD through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: May 6, 2022 to Apr 22, 2025 (3 years).
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 16.4% compared with 10.9% for MPAY. 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 -15.7% for MPAY and -16.1% 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MPAY charges 0.56% per year while SCHD charges 0.06%. On a $10,000 position that is $56 vs $6 annually, a gap of $50 per year that compounds over a long holding period. On income, MPAY currently yields 7.15% against 3.24% for SCHD.
You are not choosing between two funds in isolation.
Whichever of MPAY and SCHD 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, MPAY or SCHD?
MPAY has an expense ratio of 0.56% while SCHD charges 0.06%. SCHD is the cheaper option, by $50 a year on a $10,000 investment.
Which is riskier, MPAY or SCHD?
SCHD has been the more volatile fund at 16.4% annualized versus 10.9% for MPAY. Worst drawdown: MPAY -15.7% vs SCHD -16.1%.
Should I hold both MPAY and SCHD?
MPAY and SCHD have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MPAY or SCHD?
MPAY yields 7.15% while SCHD yields 3.24%, so MPAY currently pays the higher dividend yield.
Is SCHD better than MPAY?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.