DJD vs SCHD
Invesco Dow Jones Industrial Average Dividend ETF vs Schwab US Dividend Equity ETF
Which is better, DJD or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. DJD led over 3Y and 5Y, SCHD over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 57.7%.
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 | DJD | SCHD |
|---|---|---|
| Expense Ratio | 0.07% | 0.06%Best |
| AUM | $512M | $112.2B |
| Dividend Yield | 2.43% | 3.13% |
| Holdings | 30 | 103 |
| YTD Return | +17.86% | +28.59%Best |
| 1Y Return | +25.42% | +31.77%Best |
| 3Y Return (annualized) | +18.77%Best | +16.70% |
| 5Y Return (annualized) | +11.63%Best | +10.09% |
| Volatility (annualized) | 14.4%Best | 14.8% |
| Max Drawdown | -35.4% | -33.4%Best |
| $10,000 over 5 years | $17,334Best | $16,171 |
| Top 10 Weight | 57.7% | 41.5%Best |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 16, 2015 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Dec 16, 2015 to Sep 3, 2026 (10.7 years).
DJD 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 10.7 years both funds cover.
DJD vs SCHD Performance
Invesco Dow Jones Industrial Average Dividend ETF (DJD) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DJD returned +25.42% while SCHD returned +31.77%. Year to date, DJD is up 17.86% versus a gain of 28.59% for SCHD.
Over three years, DJD compounded at +18.77% per year against +16.70% for SCHD; over five years the annualized figures are +11.63% and +10.09% respectively. Across the full 11-year window we track, SCHD has the edge at +11.61% annualized vs +10.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.4% for DJD. 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 what each fund did in the worst stretch of the window measured above.
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
41.1% of DJD's money is in holdings SCHD also owns. 29.2% of SCHD's money is in holdings DJD also owns.
The two portfolios partly overlap.
7 positions in common, counted across the 28 positions we hold weights for in DJD and 100 in SCHD, against full books of 30 and 103.
What only one of them owns
Measured across the 28 and 100 positions we hold weights for.
SCHD holds 92 positions DJD does not, 70.7% of the fund.
Largest: ABT 4.70%, VZ 3.84%, PEP 3.71%, COP 3.59%, TXN 3.53%
Top Shared Holdings
41.1% of DJD 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.
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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, by $1 a year on a $10,000 investment.
Which performed better, DJD or SCHD?
Over the past year DJD returned +25.42% vs +31.77% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), DJD annualized +10.96% vs +11.61% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DJD or SCHD?
SCHD has been the more volatile fund at 14.8% annualized versus 14.4% for DJD. 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. 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 DJD and SCHD?
41.1% of DJD's money is in holdings SCHD also owns. 29.2% of SCHD's is in holdings DJD also owns. They hold 7 positions in common, counted across the 28 positions we hold weights for in DJD and 100 in SCHD.
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.
Is SCHD better than DJD?
SCHD has a lower expense ratio. DJD led over 3Y and 5Y, SCHD over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 57.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.