BCAT vs SCHD
BlackRock Capital Allocation Term Trust vs Schwab US Dividend Equity ETF
Which is better, BCAT or SCHD?
Allocation/Balanced against Large Cap Value.
SCHD has a lower expense ratio. BCAT 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 | BCAT | SCHD |
|---|---|---|
| Expense Ratio | 1.41% | 0.06%Best |
| AUM | $1.5B | $112.1B |
| Dividend Yield | 21.97% | 3.00% |
| Holdings | 917 | 103 |
| YTD Return | +11.22% | +20.41%Best |
| 1Y Return | +13.53% | +24.48%Best |
| 3Y Return (annualized) | +18.75%Best | +15.88% |
| 5Y Return (annualized) | +7.39% | +9.16%Best |
| Volatility (annualized) | 15.8% | 15.3%Best |
| Max Drawdown | -36.1% | -16.9%Best |
| $10,000 over 5 years | $14,283 | $15,499Best |
| Fund Family | BlackRock, Inc. (US) | Charles Schwab Asset Management |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Value |
| Inception | Sep 25, 2020 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 25, 2020 to Sep 29, 2026 (6 years).
BCAT 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 6 years both funds cover.
BCAT vs SCHD Performance
BlackRock Capital Allocation Term Trust (BCAT) is an ETF from BlackRock, Inc. (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year BCAT returned +13.53% while SCHD returned +24.48%. Year to date, BCAT is up 11.22% versus a gain of 20.41% for SCHD.
Over three years, BCAT compounded at +18.75% per year against +15.88% for SCHD; over five years the annualized figures are +7.39% and +9.16% respectively. Across the full 6-year window we track, SCHD has the edge at +14.03% annualized vs +6.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BCAT has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 15.3% 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 -36.1% for BCAT and -16.9% 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 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BCAT charges 1.41% per year while SCHD charges 0.06%. On a $10,000 position that is $141 vs $6 annually, a gap of $135 per year that compounds over a long holding period. On income, BCAT currently yields 21.97% against 3.00% for SCHD.
Holdings Overlap
At least 24.5% of SCHD's money is in holdings BCAT also owns.
Stated as a floor: for BCAT, our book for it covers 64.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and BCAT share little of their money.
The two holdings books were reported 243 days apart, BCAT as of Dec 31, 2025 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.
8 positions in common, counted across the 315 positions we hold weights for in BCAT and 100 in SCHD, against full books of 917 and 103.
Top Shared Holdings
| Stock | Weight in BCAT | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.18% | 4.77% | 4.59% |
| ABTAbbott Laboratories | 0.21% | 4.69% | 4.48% |
| CVXChevron Corp | 0.44% | 4.02% | 3.58% |
| HDHome Depot Inc/The | 0.57% | 3.88% | 3.31% |
| UNHUnitedhealth Group Incorporated | 0.14% | 3.82% | 3.68% |
| TGTTarget Corp Common Stock Usd.0833 | 0.02% | 1.78% | 1.76% |
| FITBFifth Third Bancorp | 0.03% | 1.19% | 1.16% |
| BBYBest Buy Co. Inc. | 0.02% | 0.38% | 0.36% |
24.5% of SCHD is already inside BCAT.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BCAT or SCHD?
BCAT has an expense ratio of 1.41% while SCHD charges 0.06%. SCHD is the cheaper option, by $135 a year on a $10,000 investment.
Which performed better, BCAT or SCHD?
Over the past year BCAT returned +13.53% vs +24.48% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), BCAT annualized +6.80% vs +14.03% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BCAT or SCHD?
BCAT has been the more volatile fund at 15.8% annualized versus 15.3% for SCHD. Worst drawdown: BCAT -36.1% vs SCHD -16.9%.
Should I hold both BCAT and SCHD?
BCAT and SCHD have a monthly-return correlation of 0.64, 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 BCAT and SCHD?
At least 24.5% of SCHD's money is in holdings BCAT also owns. Our book for BCAT is partial, so the real figure is this or higher. They hold 8 positions in common, counted across the 315 positions we hold weights for in BCAT and 100 in SCHD.
Which pays a higher dividend, BCAT or SCHD?
BCAT yields 21.97% while SCHD yields 3.00%, so BCAT currently pays the higher dividend yield.
Is SCHD better than BCAT?
SCHD has a lower expense ratio. BCAT 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.