DIVZ vs SCHD
Polen Dividend Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | DIVZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.06% | |
| AUM | $305M | $108.7B | |
| Dividend Yield | 2.47% | 3.13% | |
| Holdings | 30 | 104 | |
| YTD Return | +8.28% | +26.54% | |
| 1Y Return | +16.91% | +30.90% | |
| 3Y Return (annualized) | +10.09% | +16.29% | |
| 5Y Return (annualized) | - | +9.65% | |
| Volatility (annualized) | 14.4% | 13.6% | |
| Max Drawdown | -15.4% | -33.4% | |
| Fund Family | TrueShares | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jan 27, 2021 | Oct 20, 2011 |
DIVZ vs SCHD Performance
Polen Dividend Income ETF (DIVZ) is a ETF from TrueShares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DIVZ returned +16.91% while SCHD returned +30.90%. Year to date, DIVZ is up 8.28% versus a gain of 26.54% for SCHD.
Over three years, DIVZ compounded at +10.09% per year against +16.29% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.51% annualized vs +11.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIVZ has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 13.6% for SCHD. 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 -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 0.91. 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
DIVZ and SCHD share 12 holdings out of 118 unique holdings combined, representing a 29.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $59 per year of difference.
Which performed better, DIVZ or SCHD?
Over the past year DIVZ returned +16.91% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), DIVZ annualized +11.13% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, DIVZ or SCHD?
DIVZ has been the more volatile fund at 14.4% annualized versus 13.6% for SCHD. Worst drawdown: DIVZ -15.4% vs SCHD -33.4%.
Should I hold both DIVZ and SCHD?
DIVZ and SCHD have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DIVZ and SCHD?
DIVZ and SCHD share 12 common holdings with a 29.4% weight overlap. Combined, they hold 118 unique securities.
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.
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