XMVM vs. SCHD

Last updated Aug 2, 2026

XMVM (Invesco S&P MidCap Value with Momentum ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - XMVM is a Momentum fund tracking the S&P MidCap 400 High Momentum Value Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, XMVM returned 12.44%/yr vs 12.76%/yr for SCHD. Their 0.79 correlation means they have sometimes moved together and sometimes differently. XMVM charges 0.39%/yr vs 0.06%/yr for SCHD.

Performance

XMVM vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap Value with Momentum ETF (XMVM) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMVM achieves a 17.44% return, which is significantly lower than SCHD's 24.03% return. Both investments have delivered pretty close results over the past 10 years, with XMVM having a 12.44% annualized return and SCHD not far ahead at 12.76%.

XMVM

• 1D: -0.53%
• 1M: 5.11%
• 6M: 13.72%
• YTD: 17.44%
• 1Y: 38.27%
• 3Y*: 17.47%
• 5Y*: 12.42%
• 10Y*: 12.44%
• ALL TIME*: 9.70%

SCHD

• 1D: 0.18%
• 1M: 3.33%
• 6M: 14.09%
• YTD: 24.03%
• 1Y: 31.54%
• 3Y*: 14.19%
• 5Y*: 9.54%
• 10Y*: 12.76%
• ALL TIME*: 13.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SCHD Schwab U.S. Dividend Equity ETF	$786.88M	$715.86M	$685.58M
XMVM Invesco S&P MidCap Value with Momentum ETF	$2.16M	$2.04M	$1.98M

XMVM vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMVM Invesco S&P MidCap Value with Momentum ETF	17.44%	18.46%	11.73%	16.31%	-8.21%	35.15%	5.68%	30.38%	-9.62%	2.79%
SCHD Schwab U.S. Dividend Equity ETF	24.03%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between XMVM and SCHD is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.79

The correlation between XMVM and SCHD shifts across timeframes, from 0.63 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

XMVM vs. SCHD - Sectors Allocation Comparison

Sectors	XMVM	SCHD
Financial Services	37.9%	9.9%
Consumer Cyclical	14.8%	7.7%
Energy	13.5%	14.1%
Industrials	11.7%	7.8%
Utilities	8.5%	0.1%
Technology	5.1%	12.7%
Real Estate	4.9%	-
Healthcare	2.5%	20.8%
Consumer Defensive	1.2%	20.6%
Communication Services	0.9%	6.2%
Basic Materials	0.8%	1.2%

Return for Risk

XMVM vs. SCHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XMVM

XMVM Risk / Return Rank: 91
XMVM Sharpe Ratio Rank: 92
XMVM Sortino Ratio Rank: 93
XMVM Omega Ratio Rank: 91
XMVM Calmar Ratio Rank: 90
XMVM Martin Ratio Rank: 87

SCHD

SCHD Risk / Return Rank: 95
SCHD Sharpe Ratio Rank: 96
SCHD Sortino Ratio Rank: 96
SCHD Omega Ratio Rank: 94
SCHD Calmar Ratio Rank: 96
SCHD Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XMVM vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Value with Momentum ETF (XMVM) and Schwab U.S. 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XMVM	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.81	-0.39
Sortino ratio: Return per unit of downside risk	3.49	4.37	-0.88
Omega ratio: Gain probability vs. loss probability	1.43	1.51	-0.08
Calmar ratio: Return relative to maximum drawdown	3.91	6.74	-2.83
Martin ratio: Return relative to average drawdown	12.52	17.01	-4.49

XMVM vs. SCHD - Sharpe Ratio Comparison

The current XMVM Sharpe Ratio is 2.42, which is comparable to the SCHD Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of XMVM and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XMVM vs. SCHD - Drawdown Comparison

The maximum XMVM drawdown since its inception was -62.83%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for XMVM and SCHD.

Drawdown Indicators

	XMVM	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-62.83%	-33.37%	-29.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.18%	-4.61%	-4.57%
Max Drawdown (3Y) Largest decline over 3 years	-24.12%	-16.13%	-7.99%
Max Drawdown (5Y) Largest decline over 5 years	-24.12%	-16.85%	-7.27%
Max Drawdown (10Y) Largest decline over 10 years	-45.07%	-33.37%	-11.70%
Current Drawdown Current decline from peak	-0.71%	-1.24%	+0.53%
Average Drawdown Average peak-to-trough decline	-10.20%	-3.30%	-6.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	1.82%	+1.04%

Volatility

XMVM vs. SCHD - Volatility Comparison

The current volatility for Invesco S&P MidCap Value with Momentum ETF (XMVM) is 3.29%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 4.11%. This indicates that XMVM experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMVM	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	4.11%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	8.11%	+1.14%
Volatility (1Y) Calculated over the trailing 1-year period	14.85%	11.13%	+3.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.24%	14.39%	+6.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.74%	16.72%	+6.02%

XMVM vs. SCHD - Expense Ratio Comparison

XMVM has a 0.39% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

XMVM vs. SCHD - Dividend Comparison

XMVM's dividend yield for the trailing twelve months is around 1.79%, less than SCHD's 3.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHD Schwab U.S. Dividend Equity ETF	3.13%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
XMVM Invesco S&P MidCap Value with Momentum ETF	1.79%	2.07%	1.43%	1.57%	1.76%	1.10%	1.37%	1.73%	2.87%	2.22%	2.27%	2.58%

Frequently Asked Questions

Can I hold both XMVM and SCHD in my portfolio?

XMVM and SCHD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XMVM or SCHD?

SCHD has higher volatility (4.11%) compared to XMVM (3.29%). In terms of maximum drawdown, XMVM dropped -62.83% vs SCHD's -33.37%.

Which ETF is better, XMVM or SCHD?

On 10-year performance, SCHD leads with 12.76% vs 12.44% for XMVM. On fees, SCHD is cheaper at 0.06% per year. On volatility, XMVM has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XMVM or SCHD?

Over the 10-year period, SCHD has performed better with a 12.76% return vs 12.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XMVM or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.39% for XMVM.

Which ETF pays a higher dividend yield, XMVM or SCHD?

SCHD has the higher dividend yield at 3.13%, compared with 1.79% for XMVM.

What is the main difference between XMVM and SCHD?

XMVM is categorized as Momentum, while SCHD is Dividend. XMVM tracks S&P MidCap 400 High Momentum Value Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.39% for XMVM and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.81 vs 2.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.