CORP vs SCHD
Pimco Investment Grade Corporate Bond Index Exchange-Traded Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. CORP offers more diversification with 1,470 holdings.
Side-by-Side Comparison
| Metric | CORP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.41% | 0.06% | |
| AUM | $1.6B | $108.7B | |
| Dividend Yield | 4.48% | 3.13% | |
| Holdings | 1,470 | 104 | |
| YTD Return | +0.02% | +26.54% | |
| 1Y Return | +2.45% | +30.90% | |
| 3Y Return (annualized) | +5.73% | +16.29% | |
| 5Y Return (annualized) | +0.33% | +9.65% | |
| Volatility (annualized) | 6.1% | 13.6% | |
| Max Drawdown | -21.5% | -33.4% | |
| Fund Family | PIMCO (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 20, 2010 | Oct 20, 2011 |
CORP vs SCHD Performance
Pimco Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) 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 CORP returned +2.45% while SCHD returned +30.90%. Year to date, CORP is up 0.02% versus a gain of 26.54% for SCHD.
Over three years, CORP compounded at +5.73% per year against +16.29% for SCHD; over five years the annualized figures are +0.33% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs +1.07%. 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 6.1% for CORP. 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 -21.5% for CORP 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CORP charges 0.41% per year while SCHD charges 0.06%. On a $10,000 position that is $41 vs $6 annually, a gap of $35 per year that compounds over a long holding period. On income, CORP currently yields 4.48% against 3.13% for SCHD.
Holdings Overlap
CORP and SCHD share 0 holdings out of 1284 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CORP or SCHD?
CORP has an expense ratio of 0.41% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, CORP or SCHD?
Over the past year CORP returned +2.45% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), CORP annualized +1.07% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, CORP or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.1% for CORP. Worst drawdown: CORP -21.5% vs SCHD -33.4%.
Should I hold both CORP and SCHD?
CORP and SCHD have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CORP and SCHD?
CORP and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1284 unique securities.
Which pays a higher dividend, CORP or SCHD?
CORP yields 4.48% while SCHD yields 3.13%, so CORP currently pays the higher dividend yield.
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