ALLW vs SCHD
ALLW vs SCHD
State Street Bridgewater All Weather 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 | ALLW | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.06% | |
| AUM | $1.6B | $103.7B | |
| Dividend Yield | 4.40% | 3.31% | |
| Holdings | 44 | 104 | |
| YTD Return | +7.89% | +24.26% | |
| 1Y Return | +18.12% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 9.0% | 13.6% | |
| Max Drawdown | -8.8% | -33.4% | |
| Fund Family | SPDR State Street Global Advisors | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Mar 5, 2025 | Oct 20, 2011 |
ALLW vs SCHD Performance
State Street Bridgewater All Weather ETF (ALLW) is a ETF from SPDR State Street Global Advisors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ALLW returned +18.12% while SCHD returned +31.38%. Year to date, ALLW is up 7.89% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 9.0% for ALLW. 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 -8.8% for ALLW 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ALLW charges 0.85% per year while SCHD charges 0.06%. On a $10,000 position that is $85 vs $6 annually, a gap of $79 per year that compounds over a long holding period. On income, ALLW currently yields 4.40% against 3.31% for SCHD.
Holdings Overlap
ALLW and SCHD share 0 holdings out of 123 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, ALLW or SCHD?
ALLW has an expense ratio of 0.85% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, ALLW or SCHD?
Over the past year ALLW returned +18.12% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), ALLW annualized +16.84% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, ALLW or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 9.0% for ALLW. Worst drawdown: ALLW -8.8% vs SCHD -33.4%.
Should I hold both ALLW and SCHD?
ALLW and SCHD have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ALLW and SCHD?
ALLW and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 123 unique securities.
Which pays a higher dividend, ALLW or SCHD?
ALLW yields 4.40% while SCHD yields 3.31%, so ALLW currently pays the higher dividend yield.
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