BILZ vs SCHD
PIMCO Ultra Short Government Active Exchange-Traded Fund 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 100 holdings.
Side-by-Side Comparison
| Metric | BILZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 0.06% | |
| AUM | $989M | $103.7B | |
| Dividend Yield | 4.13% | 3.31% | |
| Holdings | 7 | 104 | |
| YTD Return | +1.81% | +24.26% | |
| 1Y Return | +3.52% | +31.38% | |
| 3Y Return (annualized) | +4.51% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 0.4% | 13.6% | |
| Max Drawdown | -0.5% | -33.4% | |
| Fund Family | PIMCO (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 21, 2023 | Oct 20, 2011 |
BILZ vs SCHD Performance
PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) is a ETF from PIMCO (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BILZ returned +3.52% while SCHD returned +31.38%. Year to date, BILZ is up 1.81% versus a gain of 24.26% for SCHD.
Over three years, BILZ compounded at +4.51% per year against +15.08% for SCHD. Across the full 3-year window we track, SCHD has the edge at +11.39% annualized vs +4.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 0.4% for BILZ. 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 -0.5% for BILZ 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 0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BILZ charges 0.14% per year while SCHD charges 0.06%. On a $10,000 position that is $14 vs $6 annually, a gap of $8 per year that compounds over a long holding period. On income, BILZ currently yields 4.13% against 3.31% for SCHD.
Frequently Asked Questions
Which is cheaper, BILZ or SCHD?
BILZ has an expense ratio of 0.14% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $8 per year of difference.
Which performed better, BILZ or SCHD?
Over the past year BILZ returned +3.52% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), BILZ annualized +4.37% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, BILZ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 0.4% for BILZ. Worst drawdown: BILZ -0.5% vs SCHD -33.4%.
Should I hold both BILZ and SCHD?
BILZ and SCHD have a monthly-return correlation of 0.01, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BILZ or SCHD?
BILZ yields 4.13% while SCHD yields 3.31%, so BILZ currently pays the higher dividend yield.
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