DFLV vs SCHD
Dimensional US Large Cap Value ETF vs Schwab US Dividend Equity ETF
Which is better, DFLV or SCHD?
DFLV has been ahead.
SCHD has a lower expense ratio. DFLV led over 1Y, 3Y and the full window. DFLV is less concentrated, with 24.9% of the fund in its ten largest positions against 41.8%.
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 | DFLV | SCHD |
|---|---|---|
| Expense Ratio | 0.21% | 0.06%Best |
| AUM | $7.1B | $112.1B |
| Dividend Yield | 1.33% | 3.00% |
| Holdings | 339 | 103 |
| YTD Return | +20.02% | +24.23%Best |
| 1Y Return | +28.05%Best | +27.90% |
| 3Y Return (annualized) | +19.35%Best | +15.55% |
| 5Y Return (annualized) | - | +9.97% |
| Volatility (annualized) | 13.1%Best | 13.2% |
| Max Drawdown | -16.8% | -16.1%Best |
| $10,000 over 3.8 years | $17,791Best | $15,232 |
| Top 10 Weight | 24.9%Best | 41.8% |
| Fund Family | Dimensional | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 6, 2022 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 7, 2022 to Sep 17, 2026 (3.8 years).
DFLV 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 3.8 years both funds cover.
DFLV vs SCHD Performance
Dimensional US Large Cap Value ETF (DFLV) is an ETF from Dimensional and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DFLV returned +28.05% while SCHD returned +27.90%. Year to date, DFLV is up 20.02% versus a gain of 24.23% for SCHD.
Over three years, DFLV compounded at +19.35% per year against +15.55% for SCHD. Across the full 4-year window we track, DFLV has the edge at +16.37% annualized vs +11.71%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 13.1% for DFLV. 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 -16.8% for DFLV and -16.1% 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFLV charges 0.21% per year while SCHD charges 0.06%. On a $10,000 position that is $21 vs $6 annually, a gap of $15 per year that compounds over a long holding period. On income, DFLV currently yields 1.33% against 3.00% for SCHD.
Holdings Overlap
15.8% of DFLV's money is in holdings SCHD also owns. 59.4% of SCHD's money is in holdings DFLV also owns.
The two portfolios partly overlap.
33 positions in common, counted across the 334 positions we hold weights for in DFLV and 100 in SCHD, against full books of 339 and 103.
What only one of them owns
Our book lists 66 positions for SCHD that do not appear in our book for DFLV (40.5% of the fund), and 245 for DFLV that do not appear in SCHD (82.3%).
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.
Top Shared Holdings
| Stock | Weight in DFLV | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.42% | 4.77% | 3.35% |
| CVXChevron Corp | 1.89% | 4.02% | 2.13% |
| ABTAbbott Laboratories | 0.61% | 4.69% | 4.08% |
| UNHUnitedhealth Group Incorporated | 1.46% | 3.82% | 2.36% |
| VZVerizon Communic | 1.23% | 3.97% | 2.74% |
| PGProcter & Gamble Company | 1.20% | 3.83% | 2.63% |
| COPConocophillips Common Stock USD 0.01 | 0.96% | 3.94% | 2.98% |
| BMYBristol-Myers Squibb Co. | 0.62% | 3.33% | 2.71% |
| ACNAccenture Plc | 0.25% | 2.84% | 2.59% |
| SLBSchlumberger Nv. | 0.89% | 2.19% | 1.30% |
59.4% of SCHD is already inside DFLV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFLV or SCHD?
DFLV has an expense ratio of 0.21% while SCHD charges 0.06%. SCHD is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, DFLV or SCHD?
Over the past year DFLV returned +28.05% vs +27.90% for SCHD, so DFLV leads on 1-year performance. Over the longest common window we track (4 years), DFLV annualized +16.37% vs +11.71% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFLV or SCHD?
SCHD has been the more volatile fund at 13.2% annualized versus 13.1% for DFLV. Worst drawdown: DFLV -16.8% vs SCHD -16.1%.
Should I hold both DFLV and SCHD?
DFLV and SCHD have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DFLV and SCHD?
59.4% of SCHD's money is in holdings DFLV also owns. 59.4% of SCHD's is in holdings DFLV also owns. They hold 33 positions in common, counted across the 334 positions we hold weights for in DFLV and 100 in SCHD.
Which pays a higher dividend, DFLV or SCHD?
DFLV yields 1.33% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than DFLV?
SCHD has a lower expense ratio. DFLV led over 1Y, 3Y and the full window. DFLV is less concentrated, with 24.9% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.