AWEG vs SCHD
Alger Weatherbie Enduring Growth 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 104 holdings.
Side-by-Side Comparison
| Metric | AWEG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.06% | |
| AUM | $5M | $108.7B | |
| Dividend Yield | 3.70% | 3.13% | |
| Holdings | 25 | 104 | |
| YTD Return | -7.16% | +27.67% | |
| 1Y Return | -9.92% | +31.26% | |
| 3Y Return (annualized) | - | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | 18.1% | 13.6% | |
| Max Drawdown | -27.0% | -33.4% | |
| Fund Family | Alger | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 6, 2023 | Oct 20, 2011 |
AWEG vs SCHD Performance
Alger Weatherbie Enduring Growth ETF (AWEG) is a ETF from Alger and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year AWEG returned -9.92% while SCHD returned +31.26%. Year to date, AWEG is down 7.16% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
AWEG has been the more volatile fund, with annualized monthly volatility of 18.1% 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 -27.0% for AWEG 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AWEG charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, AWEG currently yields 3.70% against 3.13% for SCHD.
Holdings Overlap
AWEG 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, AWEG or SCHD?
AWEG has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, AWEG or SCHD?
Over the past year AWEG returned -9.92% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), AWEG annualized +7.07% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, AWEG or SCHD?
AWEG has been the more volatile fund at 18.1% annualized versus 13.6% for SCHD. Worst drawdown: AWEG -27.0% vs SCHD -33.4%.
Should I hold both AWEG and SCHD?
AWEG and SCHD have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AWEG and SCHD?
AWEG and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 123 unique securities.
Which pays a higher dividend, AWEG or SCHD?
AWEG yields 3.70% while SCHD yields 3.13%, so AWEG currently pays the higher dividend yield.
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