ASLV vs SCHD
Allspring Special Large Value 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 | ASLV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $216M | $103.7B | |
| Dividend Yield | 0.81% | 3.31% | |
| Holdings | 47 | 104 | |
| YTD Return | +11.15% | +25.58% | |
| 1Y Return | +18.68% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 10.3% | 13.6% | |
| Max Drawdown | -11.0% | -33.4% | |
| Fund Family | Allspring Global Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 26, 2025 | Oct 20, 2011 |
ASLV vs SCHD Performance
Allspring Special Large Value ETF (ASLV) is a ETF from Allspring Global Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ASLV returned +18.68% while SCHD returned +31.06%. Year to date, ASLV is up 11.15% versus a gain of 25.58% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 10.3% for ASLV. 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 -11.0% for ASLV 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASLV charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, ASLV currently yields 0.81% against 3.31% for SCHD.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, ASLV or SCHD?
ASLV has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, ASLV or SCHD?
Over the past year ASLV returned +18.68% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), ASLV annualized +19.26% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, ASLV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 10.3% for ASLV. Worst drawdown: ASLV -11.0% vs SCHD -33.4%.
Should I hold both ASLV and SCHD?
ASLV and SCHD have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASLV and SCHD?
ASLV and SCHD share 2 common holdings with a 4.2% weight overlap. Combined, they hold 142 unique securities.
Which pays a higher dividend, ASLV or SCHD?
ASLV yields 0.81% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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