DIVB vs SCHD
iShares Core Dividend ETF vs Schwab US Dividend Equity ETF
Which is better, DIVB or SCHD?
Nearly the same fund. DIVB costs less.
DIVB has a lower expense ratio. DIVB led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. DIVB is less concentrated, with 31.2% 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 | DIVB | SCHD |
|---|---|---|
| Expense Ratio | 0.05%Best | 0.06% |
| AUM | $2.0B | $112.1B |
| Dividend Yield | 2.02% | 3.00% |
| Holdings | 385 | 103 |
| YTD Return | +29.73%Best | +25.88% |
| 1Y Return | +35.82%Best | +30.22% |
| 3Y Return (annualized) | +24.28%Best | +16.05% |
| 5Y Return (annualized) | +14.21%Best | +10.17% |
| Volatility (annualized) | 17.0% | 16.1%Best |
| Max Drawdown | -36.9% | -33.4%Best |
| $10,000 over 5 years | $19,432Best | $16,230 |
| Top 10 Weight | 31.2%Best | 41.8% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 7, 2017 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2017 to Sep 14, 2026 (8.8 years).
DIVB 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 8.8 years both funds cover.
DIVB vs SCHD Performance
iShares Core Dividend ETF (DIVB) is an ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DIVB returned +35.82% while SCHD returned +30.22%. Year to date, DIVB is up 29.73% versus a gain of 25.88% for SCHD.
Over three years, DIVB compounded at +24.28% per year against +16.05% for SCHD; over five years the annualized figures are +14.21% and +10.17% respectively. Across the full 9-year window we track, DIVB has the edge at +13.83% annualized vs +11.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIVB has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 16.1% 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 -36.9% for DIVB and -33.4% 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DIVB charges 0.05% per year while SCHD charges 0.06%. On a $10,000 position that is $5 vs $6 annually, a gap of $1 per year that compounds over a long holding period. On income, DIVB currently yields 2.02% against 3.00% for SCHD.
Holdings Overlap
36.0% of DIVB's money is in holdings SCHD also owns. 92.8% of SCHD's money is in holdings DIVB also owns.
Most of SCHD is already inside DIVB. Owning both mostly buys the same companies twice.
63 positions in common, counted across the 381 positions we hold weights for in DIVB and 100 in SCHD, against full books of 385 and 103.
What only one of them owns
Our book lists 36 positions for SCHD that do not appear in our book for DIVB (7.1% of the fund), and 310 for DIVB that do not appear in SCHD (63.6%).
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 DIVB | Weight in SCHD | Difference |
|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 5.61% | 2.79% | 2.82% |
| ACNAccenture Plc | 4.90% | 2.84% | 2.06% |
| MRKMerck & Company Inc | 1.46% | 4.77% | 3.31% |
| CVXChevron Corp | 1.66% | 4.02% | 2.36% |
| AMGNAmgen Inc. | 0.80% | 4.70% | 3.90% |
| VZVerizon Communic | 1.50% | 3.97% | 2.47% |
| ABTAbbott Laboratories | 0.71% | 4.69% | 3.98% |
| PGProcter & Gamble Company | 1.46% | 3.83% | 2.37% |
| KOCoca Cola Co. | 1.05% | 4.17% | 3.12% |
| UNHUnitedhealth Group Incorporated | 1.19% | 3.82% | 2.63% |
92.8% of SCHD is already inside DIVB.
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, DIVB or SCHD?
DIVB has an expense ratio of 0.05% while SCHD charges 0.06%. DIVB is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, DIVB or SCHD?
Over the past year DIVB returned +35.82% vs +30.22% for SCHD, so DIVB leads on 1-year performance. Over the longest common window we track (9 years), DIVB annualized +13.83% vs +11.24% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVB or SCHD?
DIVB has been the more volatile fund at 17.0% annualized versus 16.1% for SCHD. Worst drawdown: DIVB -36.9% vs SCHD -33.4%.
Should I hold both DIVB and SCHD?
DIVB and SCHD have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DIVB and SCHD?
92.8% of SCHD's money is in holdings DIVB also owns. 92.8% of SCHD's is in holdings DIVB also owns. They hold 63 positions in common, counted across the 381 positions we hold weights for in DIVB and 100 in SCHD.
Which pays a higher dividend, DIVB or SCHD?
DIVB yields 2.02% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than DIVB?
DIVB has a lower expense ratio. DIVB led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. DIVB is less concentrated, with 31.2% 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.