DFEV vs SCHD
DFEV vs SCHD
Dimensional Emerging Markets Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. DFEV delivered stronger 1-year returns. DFEV offers more diversification with 3498 holdings.
Side-by-Side Comparison
| Metric | DFEV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.43% | 0.06% | |
| AUM | $2.0B | $103.7B | |
| Dividend Yield | 2.04% | 3.31% | |
| Holdings | 3,595 | 104 | |
| YTD Return | +20.83% | +24.26% | |
| 1Y Return | +37.99% | +31.38% | |
| 3Y Return (annualized) | +22.29% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 16.7% | 13.6% | |
| Max Drawdown | -18.5% | -33.4% | |
| Fund Family | Dimensional | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 26, 2022 | Oct 20, 2011 |
DFEV vs SCHD Performance
Dimensional Emerging Markets Value ETF (DFEV) is a ETF from Dimensional and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DFEV returned +37.99% while SCHD returned +31.38%. Year to date, DFEV is up 20.83% versus a gain of 24.26% for SCHD.
Over three years, DFEV compounded at +22.29% per year against +15.08% for SCHD. Across the full 4-year window we track, DFEV has the edge at +15.99% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFEV has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -18.5% for DFEV 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DFEV charges 0.43% per year while SCHD charges 0.06%. On a $10,000 position that is $43 vs $6 annually, a gap of $37 per year that compounds over a long holding period. On income, DFEV currently yields 2.04% against 3.31% for SCHD.
Holdings Overlap
DFEV and SCHD share 0 holdings out of 3598 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, DFEV or SCHD?
DFEV has an expense ratio of 0.43% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, DFEV or SCHD?
Over the past year DFEV returned +37.99% vs +31.38% for SCHD, so DFEV leads on 1-year performance. Over the longest common window we track (4 years), DFEV annualized +15.99% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, DFEV or SCHD?
DFEV has been the more volatile fund at 16.7% annualized versus 13.6% for SCHD. Worst drawdown: DFEV -18.5% vs SCHD -33.4%.
Should I hold both DFEV and SCHD?
DFEV and SCHD have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFEV and SCHD?
DFEV and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 3598 unique securities.
Which pays a higher dividend, DFEV or SCHD?
DFEV yields 2.04% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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