DBO vs SCHD
Invesco DB Oil Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. DBO delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | DBO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.06% | |
| AUM | $275M | $103.7B | |
| Dividend Yield | 2.45% | 3.31% | |
| Holdings | 5 | 104 | |
| YTD Return | +71.32% | +25.33% | |
| 1Y Return | +61.14% | +32.31% | |
| 3Y Return (annualized) | +11.27% | +15.40% | |
| 5Y Return (annualized) | +12.84% | +9.70% | |
| Volatility (annualized) | 30.5% | 13.6% | |
| Max Drawdown | -90.2% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Commodity | Equity | |
| Inception | Jan 5, 2007 | Oct 20, 2011 |
DBO vs SCHD Performance
Invesco DB Oil Fund (DBO) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DBO returned +61.14% while SCHD returned +32.31%. Year to date, DBO is up 71.32% versus a gain of 25.33% for SCHD.
Over three years, DBO compounded at +11.27% per year against +15.40% for SCHD; over five years the annualized figures are +12.84% and +9.70% respectively. Across the full 15-year window we track, SCHD has the edge at +11.45% annualized vs +0.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DBO has been the more volatile fund, with annualized monthly volatility of 30.5% 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 -90.2% for DBO 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 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DBO charges 0.75% per year while SCHD charges 0.06%. On a $10,000 position that is $75 vs $6 annually, a gap of $69 per year that compounds over a long holding period. On income, DBO currently yields 2.45% against 3.31% for SCHD.
Holdings Overlap
DBO and SCHD share 0 holdings out of 102 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, DBO or SCHD?
DBO has an expense ratio of 0.75% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, DBO or SCHD?
Over the past year DBO returned +61.14% vs +32.31% for SCHD, so DBO leads on 1-year performance. Over the longest common window we track (15 years), DBO annualized +0.05% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, DBO or SCHD?
DBO has been the more volatile fund at 30.5% annualized versus 13.6% for SCHD. Worst drawdown: DBO -90.2% vs SCHD -33.4%.
Should I hold both DBO and SCHD?
DBO and SCHD have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBO and SCHD?
DBO and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, DBO or SCHD?
DBO yields 2.45% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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