BELT vs SCHD
iShares US Select Equity Active ETF vs Schwab US Dividend Equity ETF
Which is better, BELT or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 68.5%.
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 | BELT | SCHD |
|---|---|---|
| Expense Ratio | 0.75% | 0.06%Best |
| AUM | $10M | $112.1B |
| Dividend Yield | 0.02% | 3.00% |
| Holdings | 20 | 103 |
| Volatility (annualized) | 18.8% | 13.2%Best |
| Max Drawdown | -23.1% | -16.1%Best |
| $10,000 over 2.1 years | $13,054 | $14,273Best |
| Top 10 Weight | 68.5% | 41.8%Best |
| Fund Family | BlackRock, Inc. (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jun 17, 2024 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 30 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BELT has data through Aug 12, 2026 and SCHD through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Jun 18, 2024 to Aug 12, 2026 (2.1 years).
Risk: Volatility and Drawdowns
BELT has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 13.2% 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 -23.1% for BELT and -16.1% 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 0.18. They move largely independently of each other.
Fees and Cost Over Time
BELT charges 0.75% per year while SCHD charges 0.06%. On a $10,000 position that is $75 vs $6 annually, a gap of $69 per year that compounds over a long holding period. On income, BELT currently yields 0.02% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 19 holdings in BELT and 100 in SCHD, totalling 100.1% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 19 positions we hold weights for in BELT and 100 in SCHD, against full books of 20 and 103.
What only one of them owns
Our book lists 99 positions for SCHD that do not appear in our book for BELT (99.9% of the fund), and 17 for BELT that do not appear in SCHD (90.8%).
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.
You are not choosing between two funds in isolation.
Whichever of BELT 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, BELT or SCHD?
BELT has an expense ratio of 0.75% while SCHD charges 0.06%. SCHD is the cheaper option, by $69 a year on a $10,000 investment.
Which is riskier, BELT or SCHD?
BELT has been the more volatile fund at 18.8% annualized versus 13.2% for SCHD. Worst drawdown: BELT -23.1% vs SCHD -16.1%.
Should I hold both BELT and SCHD?
BELT and SCHD have a monthly-return correlation of 0.18, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BELT or SCHD?
BELT yields 0.02% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than BELT?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 68.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.