BWEB vs SCHD
Bitwise Web3 ETF vs Schwab US Dividend Equity ETF
Which is better, BWEB or SCHD?
Large Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. BWEB led over 1Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 56.3%.
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 | BWEB | SCHD |
|---|---|---|
| Expense Ratio | 0.85% | 0.06%Best |
| AUM | $6M | $112.2B |
| Dividend Yield | 0.00% | 3.13% |
| Holdings | 41 | 103 |
| Volatility (annualized) | 35.6% | 13.5%Best |
| Max Drawdown | -33.7% | -16.1%Best |
| $10,000 over 3.6 years | $28,396Best | $15,676 |
| Top 10 Weight | 56.3% | 41.5%Best |
| Fund Family | Bitwise | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Oct 3, 2022 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 105 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BWEB has data through May 21, 2026 and SCHD through Sep 3, 2026.
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Oct 4, 2022 to May 21, 2026 (3.6 years).
Risk: Volatility and Drawdowns
BWEB has been the more volatile fund, with annualized monthly volatility of 35.6% compared with 13.5% 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 -33.7% for BWEB 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 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BWEB charges 0.85% per year while SCHD charges 0.06%. On a $10,000 position that is $85 vs $6 annually, a gap of $79 per year that compounds over a long holding period. On income, BWEB currently yields 0.00% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 40 holdings in BWEB and 100 in SCHD, totalling 100.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 311 days apart, BWEB as of Sep 30, 2025 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.
0 positions in common, counted across the 40 positions we hold weights for in BWEB and 100 in SCHD, against full books of 41 and 103.
What only one of them owns
Our book lists 99 positions for SCHD that do not appear in our book for BWEB (99.9% of the fund), and 30 for BWEB that do not appear in SCHD (80.4%).
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 BWEB 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, BWEB or SCHD?
BWEB has an expense ratio of 0.85% while SCHD charges 0.06%. SCHD is the cheaper option, by $79 a year on a $10,000 investment.
Which is riskier, BWEB or SCHD?
BWEB has been the more volatile fund at 35.6% annualized versus 13.5% for SCHD. Worst drawdown: BWEB -33.7% vs SCHD -16.1%.
Should I hold both BWEB and SCHD?
BWEB and SCHD have a monthly-return correlation of 0.33, 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, BWEB or SCHD?
BWEB yields 0.00% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than BWEB?
SCHD has a lower expense ratio. BWEB led over 1Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 56.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.