DIVZ vs SCHD
Polen Dividend Income ETF vs Schwab US Dividend Equity ETF
Which is better, DIVZ or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. DIVZ led over the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.91. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 48.8%.
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 | DIVZ | SCHD |
|---|---|---|
| Expense Ratio | 0.65% | 0.06%Best |
| AUM | $308M | $112.2B |
| Dividend Yield | 2.47% | 3.13% |
| Holdings | 29 | 103 |
| Volatility (annualized) | 14.4%Best | 15.2% |
| Max Drawdown | -15.4%Best | -16.9% |
| $10,000 over 4.4 years | $15,910Best | $14,417 |
| Top 10 Weight | 48.8% | 41.5%Best |
| Fund Family | TrueShares | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 27, 2021 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 452 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DIVZ has data through Jun 13, 2025 and SCHD through Sep 8, 2026.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Jan 28, 2021 to Jun 13, 2025 (4.4 years).
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 14.4% for DIVZ. 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 -15.4% for DIVZ and -16.9% 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DIVZ 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, DIVZ currently yields 2.47% against 3.13% for SCHD.
Holdings Overlap
36.0% of DIVZ's money is in holdings SCHD also owns. 32.3% of SCHD's money is in holdings DIVZ also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 29 positions we hold weights for in DIVZ and 100 in SCHD, against full books of 29 and 103.
What only one of them owns
Our book lists 88 positions for SCHD that do not appear in our book for DIVZ (67.4% of the fund), and 17 for DIVZ that do not appear in SCHD (57.2%).
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 DIVZ | Weight in SCHD | Difference |
|---|---|---|---|
| UNHUnitedhealth Group | 5.58% | 4.11% | 1.47% |
| VZVerizon Communications Inc Com Usd1 | 5.79% | 3.84% | 1.95% |
| CVXChevron Corp.United States -Energy | 4.65% | 3.74% | 0.91% |
| HDHome Depot Inc/The | 3.63% | 4.32% | 0.69% |
| ABTAbbott Laboratories | 2.33% | 4.70% | 2.37% |
| UPSUnited Parcel Service, Inc | 4.42% | 1.95% | 2.47% |
| MOAltria Group Inc. | 2.98% | 2.86% | 0.12% |
| TXNTexas Instruments, Inc | 2.10% | 3.53% | 1.43% |
| HSYHershey Co. | 3.33% | 0.68% | 2.65% |
| QCOMQualcomm | 1.22% | 2.55% | 1.33% |
36.0% of DIVZ is already inside SCHD.
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, DIVZ or SCHD?
DIVZ 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 is riskier, DIVZ or SCHD?
SCHD has been the more volatile fund at 15.2% annualized versus 14.4% for DIVZ. Worst drawdown: DIVZ -15.4% vs SCHD -16.9%.
Should I hold both DIVZ and SCHD?
DIVZ and SCHD have a monthly-return correlation of 0.91, 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 DIVZ and SCHD?
36.0% of DIVZ's money is in holdings SCHD also owns. 32.3% of SCHD's is in holdings DIVZ also owns. They hold 10 positions in common, counted across the 29 positions we hold weights for in DIVZ and 100 in SCHD.
Which pays a higher dividend, DIVZ or SCHD?
DIVZ yields 2.47% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than DIVZ?
SCHD has a lower expense ratio. DIVZ led over the full window, SCHD over 1Y. The two have moved almost in lockstep, correlation 0.91. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 48.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.