DFVX vs SCHD
Dimensional US Large Cap Vector ETF vs Schwab US Dividend Equity ETF
Which is better, DFVX or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. DFVX led over the full window, SCHD over 1Y. DFVX is less concentrated, with 32.5% 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 | DFVX | SCHD |
|---|---|---|
| Expense Ratio | 0.19% | 0.06%Best |
| AUM | $543M | $112.1B |
| Dividend Yield | 1.14% | 3.00% |
| Holdings | 319 | 103 |
| YTD Return | +14.26% | +25.07%Best |
| 1Y Return | +17.77% | +27.61%Best |
| 3Y Return (annualized) | - | +15.74% |
| 5Y Return (annualized) | - | +9.89% |
| Volatility (annualized) | 11.3%Best | 12.9% |
| Max Drawdown | -16.7% | -16.1%Best |
| $10,000 over 2.9 years | $17,256Best | $16,376 |
| Top 10 Weight | 32.5%Best | 41.8% |
| Fund Family | Dimensional | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 2, 2023 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Sep 11, 2026 (2.9 years).
DFVX 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 2.9 years both funds cover.
DFVX vs SCHD Performance
Dimensional US Large Cap Vector ETF (DFVX) is an ETF from Dimensional and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DFVX returned +17.77% while SCHD returned +27.61%. Year to date, DFVX is up 14.26% versus a gain of 25.07% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 12.9% compared with 11.3% for DFVX. 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 -16.7% for DFVX 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 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DFVX charges 0.19% per year while SCHD charges 0.06%. On a $10,000 position that is $19 vs $6 annually, a gap of $13 per year that compounds over a long holding period. On income, DFVX currently yields 1.14% against 3.00% for SCHD.
Holdings Overlap
15.8% of DFVX's money is in holdings SCHD also owns. 87.9% of SCHD's money is in holdings DFVX also owns.
Most of SCHD is already inside DFVX. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 319 positions we hold weights for in DFVX and 100 in SCHD, against full books of 319 and 103.
What only one of them owns
Our book lists 57 positions for SCHD that do not appear in our book for DFVX (12.0% of the fund), and 256 for DFVX that do not appear in SCHD (83.2%).
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 DFVX | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 1.39% | 4.77% | 3.38% |
| AMGNAmgen Inc. | 0.89% | 4.70% | 3.81% |
| HDHome Depot Inc/The | 1.41% | 3.88% | 2.47% |
| KOCoca Cola Co. | 0.85% | 4.17% | 3.32% |
| PGProcter & Gamble Company | 1.13% | 3.83% | 2.70% |
| ABTAbbott Laboratories | 0.24% | 4.69% | 4.45% |
| VZVerizon Communications, Inc. | 0.80% | 3.97% | 3.17% |
| CVXChevron Corp. | 0.72% | 4.02% | 3.30% |
| COPConocophillips Co | 0.46% | 3.94% | 3.48% |
| PEPPepsico Inc. | 0.72% | 3.64% | 2.92% |
87.9% of SCHD is already inside DFVX.
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, DFVX or SCHD?
DFVX has an expense ratio of 0.19% while SCHD charges 0.06%. SCHD is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, DFVX or SCHD?
Over the past year DFVX returned +17.77% vs +27.61% 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, DFVX or SCHD?
SCHD has been the more volatile fund at 12.9% annualized versus 11.3% for DFVX. Worst drawdown: DFVX -16.7% vs SCHD -16.1%.
Should I hold both DFVX and SCHD?
DFVX and SCHD have a monthly-return correlation of 0.67, 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 DFVX and SCHD?
87.9% of SCHD's money is in holdings DFVX also owns. 87.9% of SCHD's is in holdings DFVX also owns. They hold 42 positions in common, counted across the 319 positions we hold weights for in DFVX and 100 in SCHD.
Which pays a higher dividend, DFVX or SCHD?
DFVX yields 1.14% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than DFVX?
SCHD has a lower expense ratio. DFVX led over the full window, SCHD over 1Y. DFVX is less concentrated, with 32.5% 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.