DFP vs SCHD
Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD delivered stronger 1-year returns. DFP offers more diversification with 245 holdings.
Side-by-Side Comparison
| Metric | DFP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.06% | |
| AUM | $459M | $108.7B | |
| Dividend Yield | 6.92% | 3.13% | |
| Holdings | 245 | 104 | |
| YTD Return | +4.35% | +26.54% | |
| 1Y Return | +7.72% | +30.90% | |
| 3Y Return (annualized) | +12.87% | +16.29% | |
| 5Y Return (annualized) | +0.19% | +9.65% | |
| Volatility (annualized) | 20.8% | 13.6% | |
| Max Drawdown | -66.8% | -33.4% | |
| Fund Family | Flaherty & Crumrine | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | May 24, 2013 | Oct 20, 2011 |
DFP vs SCHD Performance
Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) is a ETF from Flaherty & Crumrine and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DFP returned +7.72% while SCHD returned +30.90%. Year to date, DFP is up 4.35% versus a gain of 26.54% for SCHD.
Over three years, DFP compounded at +12.87% per year against +16.29% for SCHD; over five years the annualized figures are +0.19% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs +1.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFP has been the more volatile fund, with annualized monthly volatility of 20.8% 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 -66.8% for DFP 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
DFP and SCHD share 1 holdings out of 284 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DFP | Weight in SCHD | Difference |
|---|---|---|---|
| FITB | 0.42% | 1.30% | 0.88% |
Frequently Asked Questions
Which performed better, DFP or SCHD?
Over the past year DFP returned +7.72% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DFP annualized +1.31% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, DFP or SCHD?
DFP has been the more volatile fund at 20.8% annualized versus 13.6% for SCHD. Worst drawdown: DFP -66.8% vs SCHD -33.4%.
Should I hold both DFP and SCHD?
DFP and SCHD have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFP and SCHD?
DFP and SCHD share 1 common holdings with a 0.4% weight overlap. Combined, they hold 284 unique securities.
Which pays a higher dividend, DFP or SCHD?
DFP yields 6.92% while SCHD yields 3.13%, so DFP currently pays the higher dividend yield.
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