DIVO vs SCHD
Amplify CWP Enhanced Dividend Income ETF vs Schwab US Dividend Equity ETF
Which is better, DIVO or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. DIVO led over 5Y, SCHD over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.90. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 50.7%.
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 | DIVO | SCHD |
|---|---|---|
| Expense Ratio | 0.56% | 0.06%Best |
| AUM | $7.9B | $112.1B |
| Dividend Yield | 6.60% | 3.00% |
| Holdings | 76 | 103 |
| YTD Return | +8.69% | +24.04%Best |
| 1Y Return | +14.60% | +27.95%Best |
| 3Y Return (annualized) | +15.43% | +15.51%Best |
| 5Y Return (annualized) | +11.01%Best | +9.80% |
| Volatility (annualized) | 12.6%Best | 15.4% |
| Max Drawdown | -31.7%Best | -33.4% |
| $10,000 over 5 years | $16,858Best | $15,959 |
| Top 10 Weight | 50.7% | 41.8%Best |
| Fund Family | Amplify ETFs | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | - | Large Cap Value |
| Inception | Dec 13, 2016 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Dec 14, 2016 to Sep 16, 2026 (9.8 years).
DIVO 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 9.8 years both funds cover.
DIVO vs SCHD Performance
Amplify CWP Enhanced Dividend Income ETF (DIVO) is an ETF from Amplify ETFs and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DIVO returned +14.60% while SCHD returned +27.95%. Year to date, DIVO is up 8.69% versus a gain of 24.04% for SCHD.
Over three years, DIVO compounded at +15.43% per year against +15.51% for SCHD; over five years the annualized figures are +11.01% and +9.80% respectively. Across the full 10-year window we track, SCHD has the edge at +11.10% annualized vs +9.85%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 12.6% for DIVO. 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 -31.7% for DIVO 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DIVO charges 0.56% per year while SCHD charges 0.06%. On a $10,000 position that is $56 vs $6 annually, a gap of $50 per year that compounds over a long holding period. On income, DIVO currently yields 6.60% against 3.00% for SCHD.
Holdings Overlap
21.0% of DIVO's money is in holdings SCHD also owns. 26.5% of SCHD's money is in holdings DIVO also owns.
SCHD and DIVO share little of their money.
7 positions in common, counted across the 31 positions we hold weights for in DIVO and 100 in SCHD, against full books of 76 and 103.
What only one of them owns
Our book lists 92 positions for SCHD that do not appear in our book for DIVO (73.5% of the fund), and 23 for DIVO that do not appear in SCHD (77.6%).
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
26.5% of SCHD is already inside DIVO.
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, DIVO or SCHD?
DIVO has an expense ratio of 0.56% while SCHD charges 0.06%. SCHD is the cheaper option, by $50 a year on a $10,000 investment.
Which performed better, DIVO or SCHD?
Over the past year DIVO returned +14.60% vs +27.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), DIVO annualized +9.85% vs +11.10% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVO or SCHD?
SCHD has been the more volatile fund at 15.4% annualized versus 12.6% for DIVO. Worst drawdown: DIVO -31.7% vs SCHD -33.4%.
Should I hold both DIVO and SCHD?
DIVO and SCHD have a monthly-return correlation of 0.90, 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 DIVO and SCHD?
26.5% of SCHD's money is in holdings DIVO also owns. 26.5% of SCHD's is in holdings DIVO also owns. They hold 7 positions in common, counted across the 31 positions we hold weights for in DIVO and 100 in SCHD.
Which pays a higher dividend, DIVO or SCHD?
DIVO yields 6.60% while SCHD yields 3.00%, so DIVO currently pays the higher dividend yield.
Is SCHD better than DIVO?
SCHD has a lower expense ratio. DIVO led over 5Y, SCHD over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.90. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 50.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.