DGCB vs SCHD
Dimensional Global Credit ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DGCB offers more diversification with 718 holdings.
Side-by-Side Comparison
| Metric | DGCB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $1.1B | $103.7B | |
| Dividend Yield | 3.98% | 3.31% | |
| Holdings | 1,147 | 104 | |
| YTD Return | +1.30% | +24.26% | |
| 1Y Return | +3.21% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 4.4% | 13.6% | |
| Max Drawdown | -3.1% | -33.4% | |
| Fund Family | Dimensional | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Nov 7, 2023 | Oct 20, 2011 |
DGCB vs SCHD Performance
Dimensional Global Credit ETF (DGCB) is a ETF from Dimensional and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DGCB returned +3.21% while SCHD returned +31.38%. Year to date, DGCB is up 1.30% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.4% for DGCB. 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 -3.1% for DGCB 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DGCB 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, DGCB currently yields 3.98% against 3.31% for SCHD.
Holdings Overlap
DGCB and SCHD share 0 holdings out of 818 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DGCB or SCHD?
DGCB 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, DGCB or SCHD?
Over the past year DGCB returned +3.21% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), DGCB annualized +7.75% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, DGCB or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.4% for DGCB. Worst drawdown: DGCB -3.1% vs SCHD -33.4%.
Should I hold both DGCB and SCHD?
DGCB and SCHD have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DGCB and SCHD?
DGCB and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 818 unique securities.
Which pays a higher dividend, DGCB or SCHD?
DGCB yields 3.98% while SCHD yields 3.31%, so DGCB currently pays the higher dividend yield.
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