DJD vs SCHD
Invesco Dow Jones Industrial Average Dividend 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 104 holdings.
Side-by-Side Comparison
| Metric | DJD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.06% | |
| AUM | $502M | $108.7B | |
| Dividend Yield | 2.43% | 3.13% | |
| Holdings | 30 | 104 | |
| YTD Return | +16.36% | +26.54% | |
| 1Y Return | +24.95% | +30.90% | |
| 3Y Return (annualized) | +18.24% | +16.29% | |
| 5Y Return (annualized) | +11.21% | +9.65% | |
| Volatility (annualized) | 14.4% | 13.6% | |
| Max Drawdown | -35.4% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2015 | Oct 20, 2011 |
DJD vs SCHD Performance
Invesco Dow Jones Industrial Average Dividend ETF (DJD) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DJD returned +24.95% while SCHD returned +30.90%. Year to date, DJD is up 16.36% versus a gain of 26.54% for SCHD.
Over three years, DJD compounded at +18.24% per year against +16.29% for SCHD; over five years the annualized figures are +11.21% and +9.65% respectively. Across the full 11-year window we track, SCHD has the edge at +11.51% annualized vs +10.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DJD 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 -35.4% for DJD 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DJD charges 0.07% per year while SCHD charges 0.06%. On a $10,000 position that is $7 vs $6 annually, a gap of $1 per year that compounds over a long holding period. On income, DJD currently yields 2.43% against 3.13% for SCHD.
Holdings Overlap
DJD and SCHD share 7 holdings out of 121 unique holdings combined, representing a 29.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DJD or SCHD?
DJD has an expense ratio of 0.07% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, DJD or SCHD?
Over the past year DJD returned +24.95% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), DJD annualized +10.88% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, DJD or SCHD?
DJD has been the more volatile fund at 14.4% annualized versus 13.6% for SCHD. Worst drawdown: DJD -35.4% vs SCHD -33.4%.
Should I hold both DJD and SCHD?
DJD and SCHD have a monthly-return correlation of 0.93, 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 DJD and SCHD?
DJD and SCHD share 7 common holdings with a 29.2% weight overlap. Combined, they hold 121 unique securities.
Which pays a higher dividend, DJD or SCHD?
DJD yields 2.43% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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