DIVL vs SCHD
Madison Dividend Value ETF vs Schwab US Dividend Equity ETF
Which is better, DIVL or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. DIVL is less concentrated, with 40.5% 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 | DIVL | SCHD |
|---|---|---|
| Expense Ratio | 0.65% | 0.06%Best |
| AUM | $62M | $112.1B |
| Dividend Yield | 1.74% | 3.00% |
| Holdings | 40 | 103 |
| YTD Return | +8.66% | +23.60%Best |
| 1Y Return | +9.56% | +28.29%Best |
| 3Y Return (annualized) | +11.21% | +16.25%Best |
| 5Y Return (annualized) | - | +10.25% |
| Volatility (annualized) | 11.9%Best | 13.5% |
| Max Drawdown | -14.1%Best | -16.1% |
| $10,000 over 3.1 years | $13,317 | $15,352Best |
| Top 10 Weight | 40.5%Best | 41.8% |
| Fund Family | Madison Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 14, 2023 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 15, 2023 to Sep 21, 2026 (3.1 years).
DIVL 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 3.1 years both funds cover.
DIVL vs SCHD Performance
Madison Dividend Value ETF (DIVL) is an ETF from Madison Funds and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DIVL returned +9.56% while SCHD returned +28.29%. Year to date, DIVL is up 8.66% versus a gain of 23.60% for SCHD.
Over three years, DIVL compounded at +11.21% per year against +16.25% 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 13.5% compared with 11.9% for DIVL. 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 -14.1% for DIVL and -16.1% 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DIVL 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, DIVL currently yields 1.74% against 3.00% for SCHD.
Holdings Overlap
32.2% of DIVL's money is in holdings SCHD also owns. 36.5% of SCHD's money is in holdings DIVL also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 37 positions we hold weights for in DIVL and 100 in SCHD, against full books of 40 and 103.
What only one of them owns
Measured across the 37 and 100 positions we hold weights for.
SCHD holds 87 positions DIVL does not, 63.4% of the fund.
Largest: MRK 4.77%, ABT 4.69%, VZ 3.97%, UNH 3.82%, PEP 3.64%
Top Shared Holdings
| Stock | Weight in DIVL | Weight in SCHD | Difference |
|---|---|---|---|
| CVXChevron Corp | 5.13% | 4.02% | 1.11% |
| AMGNAmgen Inc. | 2.92% | 4.70% | 1.78% |
| COPConocophillips Common Stock USD 0.01 | 3.66% | 3.94% | 0.28% |
| PGProcter & Gamble Company | 3.30% | 3.83% | 0.53% |
| KOCoca Cola Co. | 2.93% | 4.17% | 1.24% |
| HDHome Depot Inc/The | 2.64% | 3.88% | 1.24% |
| TXNTexas Instrument Inc | 2.76% | 3.13% | 0.37% |
| SLBSchlumberger Nv. | 2.92% | 2.19% | 0.73% |
| ADPAutomatic Data Processing, Inc. | 1.49% | 2.79% | 1.30% |
| FASTFastenal Co. | 2.29% | 1.38% | 0.91% |
36.5% of SCHD is already inside DIVL.
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, DIVL or SCHD?
DIVL 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, DIVL or SCHD?
Over the past year DIVL returned +9.56% vs +28.29% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVL or SCHD?
SCHD has been the more volatile fund at 13.5% annualized versus 11.9% for DIVL. Worst drawdown: DIVL -14.1% vs SCHD -16.1%.
Should I hold both DIVL and SCHD?
DIVL and SCHD have a monthly-return correlation of 0.93, 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 DIVL and SCHD?
36.5% of SCHD's money is in holdings DIVL also owns. 36.5% of SCHD's is in holdings DIVL also owns. They hold 12 positions in common, counted across the 37 positions we hold weights for in DIVL and 100 in SCHD.
Which pays a higher dividend, DIVL or SCHD?
DIVL yields 1.74% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than DIVL?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. DIVL is less concentrated, with 40.5% 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.