IMCV vs. SCHD
Compare and contrast key facts about iShares Morningstar Mid-Cap ETF (IMCV) and Schwab US Dividend Equity ETF (SCHD).
IMCV and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCV is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Value Index. It was launched on Jun 28, 2004. 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. Both IMCV and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMCV or SCHD.
Key characteristics
| IMCV | SCHD | |
|---|---|---|
| YTD Return | 19.53% | 18.08% |
| 1Y Return | 35.58% | 30.78% |
| 3Y Return (Ann) | 7.87% | 7.17% |
| 5Y Return (Ann) | 10.57% | 13.03% |
| 10Y Return (Ann) | 9.50% | 11.72% |
| Sharpe Ratio | 2.92 | 2.85 |
| Sortino Ratio | 4.13 | 4.10 |
| Omega Ratio | 1.52 | 1.51 |
| Calmar Ratio | 0.37 | 3.16 |
| Martin Ratio | 18.64 | 15.75 |
| Ulcer Index | 1.98% | 2.04% |
| Daily Std Dev | 12.65% | 11.24% |
| Max Drawdown | -100.00% | -33.37% |
| Current Drawdown | -99.99% | 0.00% |
Correlation
The correlation between IMCV and SCHD is 0.87, 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
IMCV vs. SCHD - Performance Comparison
In the year-to-date period, IMCV achieves a 19.53% return, which is significantly higher than SCHD's 18.08% return. Over the past 10 years, IMCV has underperformed SCHD with an annualized return of 9.50%, while SCHD has yielded a comparatively higher 11.72% annualized 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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IMCV vs. SCHD - Expense Ratio Comparison
Both IMCV and SCHD have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
IMCV vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCV) 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
IMCV vs. SCHD - Dividend Comparison
IMCV's dividend yield for the trailing twelve months is around 2.15%, less than SCHD's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCV iShares Morningstar Mid-Cap ETF | 2.15% | 2.30% | 2.36% | 1.86% | 2.61% | 2.45% | 2.61% | 1.87% | 2.09% | 2.29% | 1.95% | 1.87% |
SCHD Schwab US Dividend Equity ETF | 3.35% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
IMCV vs. SCHD - Drawdown Comparison
The maximum IMCV drawdown since its inception was -100.00%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for IMCV and SCHD. For additional features, visit the drawdowns tool.
Volatility
IMCV vs. SCHD - Volatility Comparison
iShares Morningstar Mid-Cap ETF (IMCV) has a higher volatility of 3.75% compared to Schwab US Dividend Equity ETF (SCHD) at 3.41%. This indicates that IMCV'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.