DIVE vs SCHD
Dana Concentrated Dividend ETF vs Schwab US Dividend Equity ETF
Which is better, DIVE or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 44.4%.
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 | DIVE | SCHD |
|---|---|---|
| Expense Ratio | 0.65% | 0.06%Best |
| AUM | $48M | $112.1B |
| Dividend Yield | 1.01% | 3.00% |
| Holdings | 36 | 103 |
| YTD Return | +6.80% | +23.46%Best |
| 1Y Return | +9.38% | +27.20%Best |
| 3Y Return (annualized) | - | +15.41% |
| 5Y Return (annualized) | - | +10.16% |
| Volatility (annualized) | 13.7%Best | 13.8% |
| Max Drawdown | -11.4% | -4.6%Best |
| $10,000 over 1 years | $10,993 | $12,719Best |
| Top 10 Weight | 44.4% | 41.8%Best |
| Fund Family | Dana Investment Advisors | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 15, 2025 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Sep 16, 2025 to Sep 18, 2026 (1 years).
DIVE 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 1 years both funds cover.
DIVE vs SCHD Performance
Dana Concentrated Dividend ETF (DIVE) is an ETF from Dana Investment Advisors and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DIVE returned +9.38% while SCHD returned +27.20%. Year to date, DIVE is up 6.80% versus a gain of 23.46% 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 13.8% compared with 13.7% for DIVE. 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 -11.4% for DIVE and -4.6% 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
DIVE charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, DIVE currently yields 1.01% against 3.00% for SCHD.
Holdings Overlap
8.3% of DIVE's money is in holdings SCHD also owns. 9.8% of SCHD's money is in holdings DIVE also owns.
SCHD and DIVE share little of their money.
3 positions in common, counted across the 35 positions we hold weights for in DIVE and 100 in SCHD, against full books of 36 and 103.
What only one of them owns
Measured across the 35 and 100 positions we hold weights for.
SCHD holds 96 positions DIVE does not, 90.1% of the fund.
Largest: AMGN 4.70%, ABT 4.69%, KO 4.17%, CVX 4.02%, VZ 3.97%
You are not choosing between two funds in isolation.
Whichever of DIVE and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIVE or SCHD?
DIVE has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option, by $59 a year on a $10,000 investment.
Which performed better, DIVE or SCHD?
Over the past year DIVE returned +9.38% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), DIVE annualized +9.93% vs +27.19% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVE or SCHD?
SCHD has been the more volatile fund at 13.8% annualized versus 13.7% for DIVE. Worst drawdown: DIVE -11.4% vs SCHD -4.6%.
Should I hold both DIVE and SCHD?
DIVE 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 DIVE and SCHD?
9.8% of SCHD's money is in holdings DIVE also owns. 9.8% of SCHD's is in holdings DIVE also owns. They hold 3 positions in common, counted across the 35 positions we hold weights for in DIVE and 100 in SCHD.
Which pays a higher dividend, DIVE or SCHD?
DIVE yields 1.01% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than DIVE?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 44.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.