DBL vs SCHD
DoubleLine Opportunistic Credit Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DBL offers more diversification with 571 holdings.
Side-by-Side Comparison
| Metric | DBL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.46% | 0.06% | |
| AUM | $290M | $108.7B | |
| Dividend Yield | 9.07% | 3.13% | |
| Holdings | 571 | 104 | |
| YTD Return | -1.66% | +26.54% | |
| 1Y Return | +0.19% | +30.90% | |
| 3Y Return (annualized) | +7.94% | +16.29% | |
| 5Y Return (annualized) | +1.57% | +9.65% | |
| Volatility (annualized) | 10.1% | 13.6% | |
| Max Drawdown | -45.3% | -33.4% | |
| Fund Family | DoubleLine Funds | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 26, 2012 | Oct 20, 2011 |
DBL vs SCHD Performance
DoubleLine Opportunistic Credit Fund (DBL) is a ETF from DoubleLine Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DBL returned +0.19% while SCHD returned +30.90%. Year to date, DBL is down 1.66% versus a gain of 26.54% for SCHD.
Over three years, DBL compounded at +7.94% per year against +16.29% for SCHD; over five years the annualized figures are +1.57% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs -0.98%. 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 10.1% for DBL. 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 -45.3% for DBL 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBL charges 2.46% per year while SCHD charges 0.06%. On a $10,000 position that is $246 vs $6 annually, a gap of $240 per year that compounds over a long holding period. On income, DBL currently yields 9.07% against 3.13% for SCHD.
Frequently Asked Questions
Which is cheaper, DBL or SCHD?
DBL has an expense ratio of 2.46% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $240 per year of difference.
Which performed better, DBL or SCHD?
Over the past year DBL returned +0.19% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DBL annualized -0.98% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, DBL or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 10.1% for DBL. Worst drawdown: DBL -45.3% vs SCHD -33.4%.
Should I hold both DBL and SCHD?
DBL and SCHD have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, DBL or SCHD?
DBL yields 9.07% while SCHD yields 3.13%, so DBL currently pays the higher dividend yield.
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