DFVE vs SCHD
DoubleLine Fortune 500 Equal Weight ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DFVE offers more diversification with 469 holdings.
Side-by-Side Comparison
| Metric | DFVE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $40M | $112.2B | |
| Dividend Yield | 1.36% | 3.13% | |
| Holdings | 469 | 103 | |
| YTD Return | +15.78% | +27.89% | |
| 1Y Return | +21.28% | +29.93% | |
| 3Y Return (annualized) | - | +16.13% | |
| 5Y Return (annualized) | - | +10.00% | |
| Volatility (annualized) | 12.7% | 13.6% | |
| Max Drawdown | -19.4% | -33.4% | |
| Fund Family | DoubleLine Funds | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 31, 2024 | Oct 20, 2011 |
DFVE vs SCHD Performance
DoubleLine Fortune 500 Equal Weight ETF (DFVE) is a ETF from DoubleLine Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DFVE returned +21.28% while SCHD returned +29.93%. Year to date, DFVE is up 15.78% versus a gain of 27.89% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.7% for DFVE. 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 -19.4% for DFVE 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFVE charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, DFVE currently yields 1.36% against 3.13% for SCHD.
Holdings Overlap
DFVE and SCHD share 45 holdings out of 522 unique holdings combined, representing a 9.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DFVE or SCHD?
DFVE has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, DFVE or SCHD?
Over the past year DFVE returned +21.28% vs +29.93% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), DFVE annualized +17.63% vs +11.56% for SCHD. Past performance does not guarantee future results.
Which is riskier, DFVE or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.7% for DFVE. Worst drawdown: DFVE -19.4% vs SCHD -33.4%.
Should I hold both DFVE and SCHD?
DFVE and SCHD have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DFVE and SCHD?
DFVE and SCHD share 45 common holdings with a 9.6% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, DFVE or SCHD?
DFVE yields 1.36% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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