DODGX vs SCHD
Dodge & Cox Stock Fund vs Schwab US Dividend Equity ETF
Which is better, DODGX or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. DODGX is less concentrated, with 28.1% of the fund in its ten largest positions against 41.8%.
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 | DODGX | SCHD |
|---|---|---|
| Expense Ratio | 0.51% | 0.06%Best |
| AUM | $79.3B | $112.1B |
| Dividend Yield | 8.60% | 3.00% |
| Holdings | 91 | 103 |
| YTD Price Return | +7.01% | +22.57%Best |
| 1Y Price Return | -93.57% | +23.60%Best |
| 3Y Price Return (annualized) | -57.59% | +11.40%Best |
| 5Y Price Return (annualized) | -40.60% | +6.05%Best |
| Volatility (annualized) | 45.0% | 15.2%Best |
| Max Drawdown | -94.5% | -18.9%Best |
| $10,000 over 5 years | $739 | $13,414Best |
| Top 10 Weight | 28.1%Best | 41.8% |
| Fund Family | Dodge & Cox Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 4, 1965 | Oct 20, 2011 |
Returns are price returns and exclude distributions, because our data feed carries no adjusted close for DODGX. Both funds are measured the same way, so the comparison holds. DODGX yields 8.60% and SCHD 3.00% on top.
Volatility and max drawdown are measured over the window both funds cover: Sep 13, 2021 to Sep 9, 2026 (5 years).
DODGX 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 5 years both funds cover. Prices exclude distributions, on both funds alike.
DODGX vs SCHD Performance
Dodge & Cox Stock Fund (DODGX) is a mutual fund from Dodge & Cox Funds and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DODGX returned -93.57% while SCHD returned +23.60%. Year to date, DODGX is up 7.01% versus a gain of 22.57% for SCHD.
Over three years, DODGX compounded at -57.59% per year against +11.40% for SCHD; over five years the annualized figures are -40.60% and +6.05% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DODGX has been the more volatile fund, with annualized monthly volatility of 45.0% compared with 15.2% 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 -94.5% for DODGX and -18.9% 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 0.38. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DODGX charges 0.51% per year while SCHD charges 0.06%. On a $10,000 position that is $51 vs $6 annually, a gap of $45 per year that compounds over a long holding period. On income, DODGX currently yields 8.60% against 3.00% for SCHD.
Structure and taxes
DODGX is a mutual fund and SCHD is an ETF. A mutual fund prices once a day at net asset value and may carry a purchase minimum. An ETF trades through the day at whatever the market pays for it.
In a taxable account the difference that usually matters is distributions. An ETF can meet redemptions in kind, so it rarely has to sell holdings and rarely passes a capital gain to the people who held it; a mutual fund that sells holdings to meet redemptions can distribute a realised gain at year end to everyone still in the fund, whether or not they sold anything themselves. In a tax-deferred account that difference largely disappears. Both are descriptions of how the two wrappers work, not a recommendation.
Tax-loss harvesting works on either wrapper.
Holdings Overlap
5.7% of DODGX's money is in holdings SCHD also owns. 14.4% of SCHD's money is in holdings DODGX also owns.
SCHD and DODGX share little of their money.
The two holdings books were reported 153 days apart, DODGX as of Mar 31, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
6 positions in common, counted across the 86 positions we hold weights for in DODGX and 100 in SCHD, against full books of 91 and 103.
What only one of them owns
Our book lists 93 positions for SCHD that do not appear in our book for DODGX (85.5% of the fund), and 72 for DODGX that do not appear in SCHD (82.6%).
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
You are not choosing between two funds in isolation.
Whichever of DODGX and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DODGX or SCHD?
DODGX has an expense ratio of 0.51% while SCHD charges 0.06%. SCHD is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, DODGX or SCHD?
Over the past year DODGX returned -93.57% vs +23.60% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DODGX or SCHD?
DODGX has been the more volatile fund at 45.0% annualized versus 15.2% for SCHD. Worst drawdown: DODGX -94.5% vs SCHD -18.9%.
Should I hold both DODGX and SCHD?
DODGX and SCHD have a monthly-return correlation of 0.38, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between DODGX and SCHD?
14.4% of SCHD's money is in holdings DODGX also owns. 14.4% of SCHD's is in holdings DODGX also owns. They hold 6 positions in common, counted across the 86 positions we hold weights for in DODGX and 100 in SCHD.
Which pays a higher dividend, DODGX or SCHD?
DODGX yields 8.60% while SCHD yields 3.00%, so DODGX currently pays the higher dividend yield.
Is it better to hold DODGX or SCHD in a taxable account?
SCHD is an ETF and DODGX is a mutual fund. An ETF can meet redemptions in kind, so it rarely distributes a capital gain to the people holding it. A mutual fund that sells holdings to meet redemptions can pass a realised gain to every holder at year end. In a tax-deferred account that difference largely disappears. This is information, not a recommendation.
Is SCHD better than DODGX?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. DODGX is less concentrated, with 28.1% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.