CAPE vs SCHD
DoubleLine Shiller CAPE US Equities ETF vs Schwab US Dividend Equity ETF
Which is better, CAPE or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. CAPE is less concentrated, with 28.4% of the fund in its ten largest positions against 41.8%.
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 | CAPE | SCHD |
|---|---|---|
| Expense Ratio | 0.65% | 0.06%Best |
| AUM | $216M | $108.9B |
| Dividend Yield | 1.37% | 3.00% |
| Holdings | 182 | 206 |
| YTD Return | +0.21% | +23.29%Best |
| 1Y Return | +1.89% | +29.70%Best |
| 3Y Return (annualized) | +11.61% | +16.26%Best |
| 5Y Return (annualized) | - | +9.65% |
| Volatility (annualized) | 16.7% | 15.1%Best |
| Max Drawdown | -22.1% | -16.1%Best |
| $10,000 over 4.5 years | $13,411 | $14,921Best |
| Top 10 Weight | 28.4%Best | 41.8% |
| Fund Family | DoubleLine Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 31, 2022 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 5, 2022 to Oct 13, 2026 (4.5 years).
CAPE 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 4.5 years both funds cover.
CAPE vs SCHD Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is an ETF from DoubleLine Funds and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year CAPE returned +1.89% while SCHD returned +29.70%. Year to date, CAPE is up 0.21% versus a gain of 23.29% for SCHD.
Over three years, CAPE compounded at +11.61% per year against +16.26% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAPE has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 15.1% 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 -22.1% for CAPE 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, CAPE currently yields 1.37% against 3.00% for SCHD.
Holdings Overlap
10.8% of CAPE's money is in holdings SCHD also owns. 25.6% of SCHD's money is in holdings CAPE also owns.
SCHD and CAPE share little of their money.
13 positions in common, counted across the 171 positions we hold weights for in CAPE and 99 in SCHD, against full books of 182 and 206.
What only one of them owns
Our book lists 85 positions for SCHD that do not appear in our book for CAPE (74.3% of the fund), and 149 for CAPE that do not appear in SCHD (83.9%).
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 CAPE | Weight in SCHD | Difference |
|---|---|---|---|
| KOCoca Cola Co. | 1.83% | 4.26% | 2.43% |
| PGProcter & Gamble Company | 1.81% | 3.94% | 2.13% |
| HDHome Depot Inc/The | 1.37% | 3.75% | 2.38% |
| PEPPepsico Inc. | 1.11% | 3.63% | 2.52% |
| MOAltria Group Inc. | 1.06% | 2.88% | 1.82% |
| TGTTARGET CORP | 1.06% | 1.77% | 0.71% |
| FFord Motor Co | 0.36% | 1.37% | 1.01% |
| ADMArcher-daniels D | 0.61% | 1.05% | 0.44% |
| KMBKimberly-Clark Corp. | 0.58% | 0.82% | 0.24% |
| HSYHershey Co. | 0.41% | 0.64% | 0.23% |
25.6% of SCHD is already inside CAPE.
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, CAPE or SCHD?
CAPE has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, CAPE or SCHD?
Over the past year CAPE returned +1.89% vs +29.70% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAPE or SCHD?
CAPE has been the more volatile fund at 16.7% annualized versus 15.1% for SCHD. Worst drawdown: CAPE -22.1% vs SCHD -16.1%.
Should I hold both CAPE and SCHD?
CAPE and SCHD have a monthly-return correlation of 0.78, 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 CAPE and SCHD?
25.6% of SCHD's money is in holdings CAPE also owns. 25.6% of SCHD's is in holdings CAPE also owns. They hold 13 positions in common, counted across the 171 positions we hold weights for in CAPE and 99 in SCHD.
Which pays a higher dividend, CAPE or SCHD?
CAPE yields 1.37% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CAPE?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. CAPE is less concentrated, with 28.4% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.