AFIF vs SCHD
Anfield Universal Fixed Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | AFIF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.08% | 0.06% | |
| AUM | $276M | $103.7B | |
| Dividend Yield | 3.73% | 3.31% | |
| Holdings | 317 | 104 | |
| YTD Return | +1.27% | +24.26% | |
| 1Y Return | +3.54% | +31.38% | |
| 3Y Return (annualized) | +6.50% | +15.08% | |
| 5Y Return (annualized) | +3.65% | +9.72% | |
| Volatility (annualized) | 2.8% | 13.6% | |
| Max Drawdown | -11.3% | -33.4% | |
| Fund Family | Horizon Funds | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 18, 2018 | Oct 20, 2011 |
AFIF vs SCHD Performance
Anfield Universal Fixed Income ETF (AFIF) is a ETF from Horizon Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year AFIF returned +3.54% while SCHD returned +31.38%. Year to date, AFIF is up 1.27% versus a gain of 24.26% for SCHD.
Over three years, AFIF compounded at +6.50% per year against +15.08% for SCHD; over five years the annualized figures are +3.65% and +9.72% respectively. Across the full 8-year window we track, SCHD has the edge at +11.39% annualized vs +1.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 2.8% for AFIF. 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 -11.3% for AFIF and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AFIF charges 1.08% per year while SCHD charges 0.06%. On a $10,000 position that is $108 vs $6 annually, a gap of $102 per year that compounds over a long holding period. On income, AFIF currently yields 3.73% against 3.31% for SCHD.
Holdings Overlap
AFIF and SCHD share 0 holdings out of 189 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AFIF or SCHD?
AFIF has an expense ratio of 1.08% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $102 per year of difference.
Which performed better, AFIF or SCHD?
Over the past year AFIF returned +3.54% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (8 years), AFIF annualized +1.97% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, AFIF or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.8% for AFIF. Worst drawdown: AFIF -11.3% vs SCHD -33.4%.
Should I hold both AFIF and SCHD?
AFIF and SCHD have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AFIF and SCHD?
AFIF and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 189 unique securities.
Which pays a higher dividend, AFIF or SCHD?
AFIF yields 3.73% while SCHD yields 3.31%, so AFIF currently pays the higher dividend yield.
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