DIVI vs SCHD
Franklin International Core Dividend Tilt Index ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DIVI offers more diversification with 421 holdings.
Side-by-Side Comparison
| Metric | DIVI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.06% | |
| AUM | $2.8B | $108.7B | |
| Dividend Yield | 3.55% | 3.13% | |
| Holdings | 421 | 104 | |
| YTD Return | +14.48% | +27.67% | |
| 1Y Return | +23.92% | +31.26% | |
| 3Y Return (annualized) | +20.55% | +16.66% | |
| 5Y Return (annualized) | +13.93% | +10.18% | |
| Volatility (annualized) | 13.5% | 13.6% | |
| Max Drawdown | -27.8% | -33.4% | |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 1, 2016 | Oct 20, 2011 |
DIVI vs SCHD Performance
Franklin International Core Dividend Tilt Index ETF (DIVI) is a ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DIVI returned +23.92% while SCHD returned +31.26%. Year to date, DIVI is up 14.48% versus a gain of 27.67% for SCHD.
Over three years, DIVI compounded at +20.55% per year against +16.66% for SCHD; over five years the annualized figures are +13.93% and +10.18% respectively. Across the full 10-year window we track, SCHD has the edge at +11.57% annualized vs +7.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.5% for DIVI. 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 -27.8% for DIVI 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVI charges 0.09% per year while SCHD charges 0.06%. On a $10,000 position that is $9 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, DIVI currently yields 3.55% against 3.13% for SCHD.
Holdings Overlap
DIVI and SCHD share 0 holdings out of 509 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, DIVI or SCHD?
DIVI has an expense ratio of 0.09% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, DIVI or SCHD?
Over the past year DIVI returned +23.92% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), DIVI annualized +7.82% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, DIVI or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.5% for DIVI. Worst drawdown: DIVI -27.8% vs SCHD -33.4%.
Should I hold both DIVI and SCHD?
DIVI and SCHD have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DIVI and SCHD?
DIVI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, DIVI or SCHD?
DIVI yields 3.55% while SCHD yields 3.13%, so DIVI currently pays the higher dividend yield.
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