FMIL vs. SCHD
Compare and contrast key facts about Fidelity New Millennium ETF (FMIL) and Schwab US Dividend Equity ETF (SCHD).
FMIL and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMIL is an actively managed fund by Fidelity. It was launched on Jun 3, 2020. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMIL or SCHD.
Key characteristics
| FMIL | SCHD | |
|---|---|---|
| YTD Return | 32.10% | 17.07% |
| 1Y Return | 43.94% | 29.42% |
| 3Y Return (Ann) | 17.30% | 6.98% |
| Sharpe Ratio | 3.33 | 2.58 |
| Sortino Ratio | 4.47 | 3.73 |
| Omega Ratio | 1.61 | 1.46 |
| Calmar Ratio | 4.96 | 2.70 |
| Martin Ratio | 23.88 | 14.33 |
| Ulcer Index | 1.86% | 2.04% |
| Daily Std Dev | 13.31% | 11.31% |
| Max Drawdown | -15.87% | -33.37% |
| Current Drawdown | 0.00% | -0.45% |
Correlation
The correlation between FMIL and SCHD is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FMIL vs. SCHD - Performance Comparison
In the year-to-date period, FMIL achieves a 32.10% return, which is significantly higher than SCHD's 17.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMIL vs. SCHD - Expense Ratio Comparison
FMIL has a 0.59% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
FMIL vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Millennium ETF (FMIL) and Schwab US Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FMIL vs. SCHD - Dividend Comparison
FMIL's dividend yield for the trailing twelve months is around 0.67%, less than SCHD's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMIL Fidelity New Millennium ETF | 0.67% | 0.11% | 1.43% | 1.68% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.38% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
FMIL vs. SCHD - Drawdown Comparison
The maximum FMIL drawdown since its inception was -15.87%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FMIL and SCHD. For additional features, visit the drawdowns tool.
Volatility
FMIL vs. SCHD - Volatility Comparison
Fidelity New Millennium ETF (FMIL) has a higher volatility of 4.13% compared to Schwab US Dividend Equity ETF (SCHD) at 3.58%. This indicates that FMIL's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.