AVK vs SCHD
Advent Convertible and Income Fund vs Schwab US Dividend Equity ETF
Which is better, AVK or SCHD?
Convertibles against Large Cap Value.
SCHD has a lower expense ratio. AVK led over 3Y, SCHD over 1Y, 5Y and the full window.
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 | AVK | SCHD |
|---|---|---|
| Expense Ratio | 2.77% | 0.06%Best |
| AUM | $609M | $112.2B |
| Dividend Yield | 10.48% | 3.13% |
| Holdings | 435 | 103 |
| YTD Return | +6.31% | +26.13%Best |
| 1Y Return | +11.03% | +30.01%Best |
| 3Y Return (annualized) | +16.32%Best | +16.09% |
| 5Y Return (annualized) | +4.11% | +9.95%Best |
| Volatility (annualized) | 20.2% | 13.6%Best |
| Max Drawdown | -59.0% | -33.4%Best |
| $10,000 over 5 years | $12,231 | $16,069Best |
| Fund Family | Guggenheim Investments | Charles Schwab Asset Management |
| Category | Convertible | Equity |
| Style | Convertibles | Large Cap Value |
| Inception | Apr 29, 2003 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 8, 2026 (14.9 years).
AVK 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.
AVK vs SCHD Performance
Advent Convertible and Income Fund (AVK) is an ETF from Guggenheim Investments and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year AVK returned +11.03% while SCHD returned +30.01%. Year to date, AVK is up 6.31% versus a gain of 26.13% for SCHD.
Over three years, AVK compounded at +16.32% per year against +16.09% for SCHD; over five years the annualized figures are +4.11% and +9.95% respectively. Across the full 15-year window we track, SCHD has the edge at +11.43% annualized vs +3.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVK has been the more volatile fund, with annualized monthly volatility of 20.2% 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 -59.0% for AVK 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AVK charges 2.77% per year while SCHD charges 0.06%. On a $10,000 position that is $277 vs $6 annually, a gap of $271 per year that compounds over a long holding period. On income, AVK currently yields 10.48% against 3.13% for SCHD.
Holdings Overlap
At least 12.7% of SCHD's money is in holdings AVK also owns.
Only one direction is shown: for AVK, our book for it lists positions totalling 110.4% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
SCHD and AVK share little of their money.
The two holdings books were reported 189 days apart, AVK as of Jan 30, 2026 and SCHD as of Aug 7, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 266 positions we hold weights for in AVK and 100 in SCHD, against full books of 435 and 103.
You are not choosing between two funds in isolation.
Whichever of AVK 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, AVK or SCHD?
AVK has an expense ratio of 2.77% while SCHD charges 0.06%. SCHD is the cheaper option, by $271 a year on a $10,000 investment.
Which performed better, AVK or SCHD?
Over the past year AVK returned +11.03% vs +30.01% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), AVK annualized +3.51% vs +11.43% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVK or SCHD?
AVK has been the more volatile fund at 20.2% annualized versus 13.6% for SCHD. Worst drawdown: AVK -59.0% vs SCHD -33.4%.
Should I hold both AVK and SCHD?
AVK and SCHD have a monthly-return correlation of 0.76, 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 AVK and SCHD?
At least 12.7% of SCHD's money is in holdings AVK also owns. Our book for AVK is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 266 positions we hold weights for in AVK and 100 in SCHD.
Which pays a higher dividend, AVK or SCHD?
AVK yields 10.48% while SCHD yields 3.13%, so AVK currently pays the higher dividend yield.
Is SCHD better than AVK?
SCHD has a lower expense ratio. AVK led over 3Y, SCHD over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.