DFSV vs SCHD
Dimensional US Small Cap Value ETF vs Schwab US Dividend Equity ETF
Which is better, DFSV or SCHD?
Small Cap Value against Large Cap Value.
SCHD has a lower expense ratio. DFSV led over 3Y and the full window, SCHD over 1Y. DFSV is less concentrated, with 6.8% 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 | DFSV | SCHD |
|---|---|---|
| Expense Ratio | 0.30% | 0.06%Best |
| AUM | $8.3B | $112.1B |
| Dividend Yield | 1.35% | 3.00% |
| Holdings | 31 | 103 |
| YTD Return | +17.15% | +23.68%Best |
| 1Y Return | +21.84% | +28.36%Best |
| 3Y Return (annualized) | +16.72%Best | +16.20% |
| 5Y Return (annualized) | - | +10.07% |
| Volatility (annualized) | 21.3% | 15.0%Best |
| Max Drawdown | -28.0% | -16.1%Best |
| $10,000 over 4.6 years | $16,561Best | $15,889 |
| Top 10 Weight | 6.8%Best | 41.8% |
| Fund Family | Dimensional | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Value |
| Inception | Feb 23, 2022 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 24, 2022 to Sep 22, 2026 (4.6 years).
DFSV 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 4.6 years both funds cover.
DFSV vs SCHD Performance
Dimensional US Small Cap Value ETF (DFSV) is an ETF from Dimensional and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DFSV returned +21.84% while SCHD returned +28.36%. Year to date, DFSV is up 17.15% versus a gain of 23.68% for SCHD.
Over three years, DFSV compounded at +16.72% per year against +16.20% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFSV has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 15.0% 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 -28.0% for DFSV 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFSV charges 0.30% per year while SCHD charges 0.06%. On a $10,000 position that is $30 vs $6 annually, a gap of $24 per year that compounds over a long holding period. On income, DFSV currently yields 1.35% against 3.00% for SCHD.
Holdings Overlap
5.5% of DFSV's money is in holdings SCHD also owns. 3.0% of SCHD's money is in holdings DFSV also owns.
DFSV and SCHD share little of their money.
32 positions in common, counted across the 997 positions we hold weights for in DFSV and 100 in SCHD, against full books of 31 and 103.
What only one of them owns
Our book lists 68 positions for SCHD that do not appear in our book for DFSV (97.0% of the fund), and 771 for DFSV that do not appear in SCHD (90.4%).
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 DFSV | Weight in SCHD | Difference |
|---|---|---|---|
| APAApa Corp | 0.75% | 0.37% | 0.38% |
| DINOHF Sinclair Corp | 0.51% | 0.38% | 0.13% |
| COLBColumbia Banking System Inc Common Stock | 0.55% | 0.21% | 0.34% |
| SWKSSkyworks Solutions Inc. | 0.51% | 0.25% | 0.26% |
| MMacy'S Inc. | 0.39% | 0.14% | 0.25% |
| OZKBank Ozk | 0.37% | 0.12% | 0.25% |
| MURMurphy Oil Corp | 0.34% | 0.12% | 0.22% |
| KFYKorn Ferry | 0.28% | 0.11% | 0.17% |
| PAGPenske Automotive Group Inc | 0.28% | 0.10% | 0.18% |
| CVBFCvb Financial Corp. | 0.23% | 0.09% | 0.14% |
You are not choosing between two funds in isolation.
Whichever of DFSV and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFSV or SCHD?
DFSV has an expense ratio of 0.30% while SCHD charges 0.06%. SCHD is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, DFSV or SCHD?
Over the past year DFSV returned +21.84% vs +28.36% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFSV or SCHD?
DFSV has been the more volatile fund at 21.3% annualized versus 15.0% for SCHD. Worst drawdown: DFSV -28.0% vs SCHD -16.1%.
Should I hold both DFSV and SCHD?
DFSV and SCHD have a monthly-return correlation of 0.85, 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 DFSV and SCHD?
5.5% of DFSV's money is in holdings SCHD also owns. 3.0% of SCHD's is in holdings DFSV also owns. They hold 32 positions in common, counted across the 997 positions we hold weights for in DFSV and 100 in SCHD.
Which pays a higher dividend, DFSV or SCHD?
DFSV yields 1.35% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than DFSV?
SCHD has a lower expense ratio. DFSV led over 3Y and the full window, SCHD over 1Y. DFSV is less concentrated, with 6.8% 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.