DHS vs SCHD
WisdomTree US High Dividend Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DHS offers more diversification with 323 holdings.
Side-by-Side Comparison
| Metric | DHS | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.06% | |
| AUM | $1.6B | $108.7B | |
| Dividend Yield | 3.19% | 3.13% | |
| Holdings | 323 | 104 | |
| YTD Return | +17.60% | +27.93% | |
| 1Y Return | +21.24% | +30.06% | |
| 3Y Return (annualized) | +17.61% | +16.25% | |
| 5Y Return (annualized) | +11.94% | +10.03% | |
| Volatility (annualized) | 16.0% | 13.6% | |
| Max Drawdown | -69.7% | -33.4% | |
| Fund Family | WisdomTree Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2006 | Oct 20, 2011 |
DHS vs SCHD Performance
WisdomTree US High Dividend Fund (DHS) is a ETF from WisdomTree Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DHS returned +21.24% while SCHD returned +30.06%. Year to date, DHS is up 17.60% versus a gain of 27.93% for SCHD.
Over three years, DHS compounded at +17.61% per year against +16.25% for SCHD; over five years the annualized figures are +11.94% and +10.03% respectively. Across the full 15-year window we track, SCHD has the edge at +11.56% annualized vs +5.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DHS has been the more volatile fund, with annualized monthly volatility of 16.0% 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 -69.7% for DHS 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DHS charges 0.38% per year while SCHD charges 0.06%. On a $10,000 position that is $38 vs $6 annually, a gap of $32 per year that compounds over a long holding period. On income, DHS currently yields 3.19% against 3.13% for SCHD.
Holdings Overlap
DHS and SCHD share 49 holdings out of 369 unique holdings combined, representing a 34.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DHS or SCHD?
DHS has an expense ratio of 0.38% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, DHS or SCHD?
Over the past year DHS returned +21.24% vs +30.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DHS annualized +5.39% vs +11.56% for SCHD. Past performance does not guarantee future results.
Which is riskier, DHS or SCHD?
DHS has been the more volatile fund at 16.0% annualized versus 13.6% for SCHD. Worst drawdown: DHS -69.7% vs SCHD -33.4%.
Should I hold both DHS and SCHD?
DHS and SCHD have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DHS and SCHD?
DHS and SCHD share 49 common holdings with a 34.6% weight overlap. Combined, they hold 369 unique securities.
Which pays a higher dividend, DHS or SCHD?
DHS yields 3.19% while SCHD yields 3.13%, so DHS currently pays the higher dividend yield.
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