BDJ vs SCHD
Blackrock Enhanced Equity Dividend Trust vs Schwab US Dividend Equity ETF
Which is better, BDJ or SCHD?
Multi Alternative against Large Cap Value.
SCHD has a lower expense ratio. BDJ led over 3Y, SCHD over 1Y, 5Y and the full window. BDJ is less concentrated, with 25.2% of the fund in its ten largest positions against 41.5%.
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 | BDJ | SCHD |
|---|---|---|
| Expense Ratio | 0.84% | 0.06%Best |
| AUM | $1.9B | $112.2B |
| Dividend Yield | 8.22% | 3.13% |
| Holdings | 307 | 103 |
| YTD Return | +11.04% | +27.56%Best |
| 1Y Return | +19.70% | +30.29%Best |
| 3Y Return (annualized) | +18.30%Best | +16.37% |
| 5Y Return (annualized) | +9.43% | +10.23%Best |
| Volatility (annualized) | 15.7% | 13.6%Best |
| Max Drawdown | -49.1% | -33.4%Best |
| $10,000 over 5 years | $15,692 | $16,274Best |
| Top 10 Weight | 25.2%Best | 41.5% |
| Fund Family | BlackRock, Inc. (US) | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Aug 26, 2005 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 4, 2026 (14.9 years).
BDJ 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.
BDJ vs SCHD Performance
Blackrock Enhanced Equity Dividend Trust (BDJ) 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 BDJ returned +19.70% while SCHD returned +30.29%. Year to date, BDJ is up 11.04% versus a gain of 27.56% for SCHD.
Over three years, BDJ compounded at +18.30% per year against +16.37% for SCHD; over five years the annualized figures are +9.43% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.53% annualized vs +5.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BDJ has been the more volatile fund, with annualized monthly volatility of 15.7% 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 -49.1% for BDJ 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BDJ charges 0.84% per year while SCHD charges 0.06%. On a $10,000 position that is $84 vs $6 annually, a gap of $78 per year that compounds over a long holding period. On income, BDJ currently yields 8.22% against 3.13% for SCHD.
Holdings Overlap
10.4% of BDJ's money is in holdings SCHD also owns. 29.0% of SCHD's money is in holdings BDJ also owns.
SCHD and BDJ share little of their money.
The two holdings books were reported 129 days apart, BDJ as of Mar 31, 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.
9 positions in common, counted across the 85 positions we hold weights for in BDJ and 100 in SCHD, against full books of 307 and 103.
What only one of them owns
Our book lists 90 positions for SCHD that do not appear in our book for BDJ (70.9% of the fund), and 64 for BDJ that do not appear in SCHD (75.7%).
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.
Top Shared Holdings
| Stock | Weight in BDJ | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.84% | 4.26% | 2.42% |
| HDHome Depot Inc/The | 1.64% | 4.32% | 2.68% |
| TXNTexas Instrument Inc | 1.65% | 3.53% | 1.88% |
| CVXChevron Corp | 1.28% | 3.74% | 2.46% |
| VZVerizon Communic | 0.74% | 3.84% | 3.10% |
| PEPPepsico Inc. | 0.53% | 3.71% | 3.18% |
| LMTLockheed Martin Corp | 0.86% | 2.99% | 2.13% |
| CMCSAComcast Corp-class A Cmcsa | 1.01% | 2.26% | 1.25% |
| FNFFidelity Nationa | 0.81% | 0.32% | 0.49% |
29.0% of SCHD is already inside BDJ.
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, BDJ or SCHD?
BDJ has an expense ratio of 0.84% while SCHD charges 0.06%. SCHD is the cheaper option, by $78 a year on a $10,000 investment.
Which performed better, BDJ or SCHD?
Over the past year BDJ returned +19.70% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), BDJ annualized +5.82% vs +11.53% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BDJ or SCHD?
BDJ has been the more volatile fund at 15.7% annualized versus 13.6% for SCHD. Worst drawdown: BDJ -49.1% vs SCHD -33.4%.
Should I hold both BDJ and SCHD?
BDJ and SCHD have a monthly-return correlation of 0.85, 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 BDJ and SCHD?
29.0% of SCHD's money is in holdings BDJ also owns. 29.0% of SCHD's is in holdings BDJ also owns. They hold 9 positions in common, counted across the 85 positions we hold weights for in BDJ and 100 in SCHD.
Which pays a higher dividend, BDJ or SCHD?
BDJ yields 8.22% while SCHD yields 3.13%, so BDJ currently pays the higher dividend yield.
Is SCHD better than BDJ?
SCHD has a lower expense ratio. BDJ led over 3Y, SCHD over 1Y, 5Y and the full window. BDJ is less concentrated, with 25.2% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.