ASG vs SCHD
Liberty All-Star Growth Fund Inc. vs Schwab US Dividend Equity ETF
Which is better, ASG or SCHD?
Mid Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. ASG is less concentrated, with 21.1% of the fund in its ten largest positions against 41.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ASG | SCHD |
|---|---|---|
| Expense Ratio | 1.12% | 0.06%Best |
| AUM | $374M | $112.1B |
| Dividend Yield | 7.94% | 3.00% |
| Holdings | 125 | 103 |
| YTD Return | +1.97% | +25.07%Best |
| 1Y Return | -2.73% | +27.61%Best |
| 3Y Return (annualized) | +8.81% | +15.74%Best |
| 5Y Return (annualized) | -2.11% | +9.89%Best |
| Volatility (annualized) | 21.1% | 13.6%Best |
| Max Drawdown | -46.9% | -33.4%Best |
| $10,000 over 5 years | $8,989 | $16,025Best |
| Top 10 Weight | 21.1%Best | 41.8% |
| Fund Family | Liberty All Star Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Value |
| Inception | Mar 14, 1986 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 11, 2026 (14.9 years).
ASG vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.9 years both funds cover.
ASG vs SCHD Performance
Liberty All-Star Growth Fund Inc. (ASG) is an ETF from Liberty All Star Funds and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year ASG returned -2.73% while SCHD returned +27.61%. Year to date, ASG is up 1.97% versus a gain of 25.07% for SCHD.
Over three years, ASG compounded at +8.81% per year against +15.74% for SCHD; over five years the annualized figures are -2.11% and +9.89% respectively. Across the full 15-year window we track, SCHD has the edge at +11.36% annualized vs +5.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ASG has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 13.6% for SCHD. 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 -46.9% for ASG and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ASG charges 1.12% per year while SCHD charges 0.06%. On a $10,000 position that is $112 vs $6 annually, a gap of $106 per year that compounds over a long holding period. On income, ASG currently yields 7.94% against 3.00% for SCHD.
Holdings Overlap
4.0% of ASG's money is in holdings SCHD also owns. 1.4% of SCHD's money is in holdings ASG also owns.
ASG and SCHD share little of their money.
The two holdings books were reported 62 days apart, ASG as of Jun 30, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 117 positions we hold weights for in ASG and 100 in SCHD, against full books of 125 and 103.
What only one of them owns
Our book lists 97 positions for SCHD that do not appear in our book for ASG (98.5% of the fund), and 104 for ASG that do not appear in SCHD (87.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of ASG and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ASG or SCHD?
ASG has an expense ratio of 1.12% while SCHD charges 0.06%. SCHD is the cheaper option, by $106 a year on a $10,000 investment.
Which performed better, ASG or SCHD?
Over the past year ASG returned -2.73% vs +27.61% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), ASG annualized +5.27% vs +11.36% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ASG or SCHD?
ASG has been the more volatile fund at 21.1% annualized versus 13.6% for SCHD. Worst drawdown: ASG -46.9% vs SCHD -33.4%.
Should I hold both ASG and SCHD?
ASG and SCHD have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ASG and SCHD?
4.0% of ASG's money is in holdings SCHD also owns. 1.4% of SCHD's is in holdings ASG also owns. They hold 2 positions in common, counted across the 117 positions we hold weights for in ASG and 100 in SCHD.
Which pays a higher dividend, ASG or SCHD?
ASG yields 7.94% while SCHD yields 3.00%, so ASG currently pays the higher dividend yield.
Is SCHD better than ASG?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. ASG is less concentrated, with 21.1% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.