BOE vs SCHD
BlackRock Enhanced Global Dividend Trust vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. BOE offers more diversification with 169 holdings.
Side-by-Side Comparison
| Metric | BOE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.06% | |
| AUM | $757M | $108.7B | |
| Dividend Yield | 7.56% | 3.13% | |
| Holdings | 169 | 104 | |
| YTD Return | +11.55% | +26.54% | |
| 1Y Return | +18.63% | +30.90% | |
| 3Y Return (annualized) | +17.21% | +16.29% | |
| 5Y Return (annualized) | +7.75% | +9.65% | |
| Volatility (annualized) | 19.3% | 13.6% | |
| Max Drawdown | -76.2% | -33.4% | |
| Fund Family | BlackRock, Inc. (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 26, 2005 | Oct 20, 2011 |
BOE vs SCHD Performance
BlackRock Enhanced Global Dividend Trust (BOE) is a ETF from BlackRock, Inc. (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BOE returned +18.63% while SCHD returned +30.90%. Year to date, BOE is up 11.55% versus a gain of 26.54% for SCHD.
Over three years, BOE compounded at +17.21% per year against +16.29% for SCHD; over five years the annualized figures are +7.75% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs -1.28%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BOE has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -76.2% for BOE 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BOE charges 0.90% per year while SCHD charges 0.06%. On a $10,000 position that is $90 vs $6 annually, a gap of $84 per year that compounds over a long holding period. On income, BOE currently yields 7.56% against 3.13% for SCHD.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, BOE or SCHD?
BOE has an expense ratio of 0.90% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $84 per year of difference.
Which performed better, BOE or SCHD?
Over the past year BOE returned +18.63% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), BOE annualized -1.28% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, BOE or SCHD?
BOE has been the more volatile fund at 19.3% annualized versus 13.6% for SCHD. Worst drawdown: BOE -76.2% vs SCHD -33.4%.
Should I hold both BOE and SCHD?
BOE and SCHD have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BOE and SCHD?
BOE and SCHD share 2 common holdings with a 4.5% weight overlap. Combined, they hold 149 unique securities.
Which pays a higher dividend, BOE or SCHD?
BOE yields 7.56% while SCHD yields 3.13%, so BOE currently pays the higher dividend yield.
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