DIVN vs SCHD
Horizon Dividend Income ETF vs Schwab US Dividend Equity ETF
Which is better, DIVN or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. DIVN is less concentrated, with 36.3% 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 | DIVN | SCHD |
|---|---|---|
| Expense Ratio | 0.70% | 0.06%Best |
| AUM | $308M | $112.1B |
| Dividend Yield | 3.64% | 3.00% |
| Holdings | 127 | 103 |
| YTD Return | +12.39% | +23.60%Best |
| 1Y Return | +15.61% | +28.29%Best |
| 3Y Return (annualized) | - | +16.25% |
| 5Y Return (annualized) | - | +10.25% |
| Volatility (annualized) | 9.3%Best | 13.1% |
| Max Drawdown | -5.5% | -4.6%Best |
| $10,000 over 1.2 years | $11,975 | $13,135Best |
| Top 10 Weight | 36.3%Best | 41.8% |
| Fund Family | Horizon Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 25, 2025 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jun 26, 2025 to Sep 21, 2026 (1.2 years).
DIVN 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 1.2 years both funds cover.
DIVN vs SCHD Performance
Horizon Dividend Income ETF (DIVN) is an ETF from Horizon Funds and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DIVN returned +15.61% while SCHD returned +28.29%. Year to date, DIVN is up 12.39% versus a gain of 23.60% 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 13.1% compared with 9.3% for DIVN. 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 -5.5% for DIVN 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVN charges 0.70% per year while SCHD charges 0.06%. On a $10,000 position that is $70 vs $6 annually, a gap of $64 per year that compounds over a long holding period. On income, DIVN currently yields 3.64% against 3.00% for SCHD.
Holdings Overlap
45.6% of DIVN's money is in holdings SCHD also owns. 61.5% of SCHD's money is in holdings DIVN also owns.
The two portfolios partly overlap.
27 positions in common, counted across the 100 positions we hold weights for in DIVN and 100 in SCHD, against full books of 127 and 103.
What only one of them owns
Our book lists 72 positions for SCHD that do not appear in our book for DIVN (38.4% of the fund), and 71 for DIVN that do not appear in SCHD (53.3%).
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 DIVN | Weight in SCHD | Difference |
|---|---|---|---|
| CVXChevron Corp | 5.07% | 4.02% | 1.05% |
| PGProcter & Gamble Company | 4.58% | 3.83% | 0.75% |
| AMGNAmgen Inc. | 2.87% | 4.70% | 1.83% |
| MRKMerck & Company Inc | 2.36% | 4.77% | 2.41% |
| COPConocophillips Common Stock USD 0.01 | 2.79% | 3.94% | 1.15% |
| VZVerizon Communic | 2.53% | 3.97% | 1.44% |
| PEPPepsico Inc. | 2.43% | 3.64% | 1.21% |
| KOCoca Cola Co. | 1.76% | 4.17% | 2.41% |
| BMYBristol-Myers Squibb Co. | 2.47% | 3.33% | 0.86% |
| QCOMQualcomm Inc. | 3.17% | 2.52% | 0.65% |
61.5% of SCHD is already inside DIVN.
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, DIVN or SCHD?
DIVN has an expense ratio of 0.70% while SCHD charges 0.06%. SCHD is the cheaper option, by $64 a year on a $10,000 investment.
Which performed better, DIVN or SCHD?
Over the past year DIVN returned +15.61% vs +28.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), DIVN annualized +16.21% vs +25.51% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVN or SCHD?
SCHD has been the more volatile fund at 13.1% annualized versus 9.3% for DIVN. Worst drawdown: DIVN -5.5% vs SCHD -4.6%.
Should I hold both DIVN and SCHD?
DIVN and SCHD have a monthly-return correlation of 0.88, 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 DIVN and SCHD?
61.5% of SCHD's money is in holdings DIVN also owns. 61.5% of SCHD's is in holdings DIVN also owns. They hold 27 positions in common, counted across the 100 positions we hold weights for in DIVN and 100 in SCHD.
Which pays a higher dividend, DIVN or SCHD?
DIVN yields 3.64% while SCHD yields 3.00%, so DIVN currently pays the higher dividend yield.
Is SCHD better than DIVN?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. DIVN is less concentrated, with 36.3% 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.