CGW vs SCHD
Invesco S&P Global Water Index ETF vs Schwab US Dividend Equity ETF
Which is better, CGW or SCHD?
Mid Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 55.0%.
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 | CGW | SCHD |
|---|---|---|
| Expense Ratio | 0.58% | 0.06%Best |
| AUM | $1.1B | $112.2B |
| Dividend Yield | 1.54% | 3.13% |
| Holdings | 85 | 103 |
| YTD Return | +1.67% | +28.59%Best |
| 1Y Return | +4.16% | +31.77%Best |
| 3Y Return (annualized) | +11.01% | +16.70%Best |
| 5Y Return (annualized) | +2.85% | +10.09%Best |
| Volatility (annualized) | 15.0% | 13.6%Best |
| Max Drawdown | -35.7% | -33.4%Best |
| $10,000 over 5 years | $11,509 | $16,171Best |
| Top 10 Weight | 55.0% | 41.5%Best |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | May 14, 2007 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 3, 2026 (14.9 years).
CGW 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 14.9 years both funds cover.
CGW vs SCHD Performance
Invesco S&P Global Water Index ETF (CGW) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year CGW returned +4.16% while SCHD returned +31.77%. Year to date, CGW is up 1.67% versus a gain of 28.59% for SCHD.
Over three years, CGW compounded at +11.01% per year against +16.70% for SCHD; over five years the annualized figures are +2.85% and +10.09% respectively. Across the full 15-year window we track, SCHD has the edge at +11.59% annualized vs +10.33%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CGW has been the more volatile fund, with annualized monthly volatility of 15.0% 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 -35.7% for CGW and -33.4% 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGW charges 0.58% per year while SCHD charges 0.06%. On a $10,000 position that is $58 vs $6 annually, a gap of $52 per year that compounds over a long holding period. On income, CGW currently yields 1.54% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 67 holdings in CGW 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.
0 positions in common, counted across the 67 positions we hold weights for in CGW and 100 in SCHD, against full books of 85 and 103.
What only one of them owns
Our book lists 99 positions for SCHD that do not appear in our book for CGW (99.9% of the fund), and 28 for CGW that do not appear in SCHD (58.5%).
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 CGW 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, CGW or SCHD?
CGW has an expense ratio of 0.58% while SCHD charges 0.06%. SCHD is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, CGW or SCHD?
Over the past year CGW returned +4.16% vs +31.77% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), CGW annualized +10.33% vs +11.59% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGW or SCHD?
CGW has been the more volatile fund at 15.0% annualized versus 13.6% for SCHD. Worst drawdown: CGW -35.7% vs SCHD -33.4%.
Should I hold both CGW and SCHD?
CGW and SCHD have a monthly-return correlation of 0.76, 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, CGW or SCHD?
CGW yields 1.54% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than CGW?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 55.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.