DVAL vs SCHD
BrandywineGLOBAL-Dynamic US Large Cap Value ETF vs Schwab US Dividend Equity ETF
Which is better, DVAL or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 59.6%.
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 | DVAL | SCHD |
|---|---|---|
| Expense Ratio | 0.49% | 0.06%Best |
| AUM | $60M | $119.9B |
| Dividend Yield | 5.15% | 2.96% |
| Holdings | 133 | 204 |
| Volatility (annualized) | 12.9%Best | 14.0% |
| Max Drawdown | -15.9%Best | -16.1% |
| $10,000 over 4 years | $15,775 | $16,508Best |
| Top 10 Weight | 59.6% | 41.8%Best |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 27, 2006 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 10 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DVAL has data through Oct 27, 2026 and SCHD through Nov 6, 2026.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 31, 2022 to Oct 27, 2026 (4 years).
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 12.9% for DVAL. 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 -15.9% for DVAL and -16.1% 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DVAL charges 0.49% per year while SCHD charges 0.06%. On a $10,000 position that is $49 vs $6 annually, a gap of $43 per year that compounds over a long holding period. On income, DVAL currently yields 5.15% against 2.96% for SCHD.
Holdings Overlap
3.0% of DVAL's money is in holdings SCHD also owns. 6.5% of SCHD's money is in holdings DVAL also owns.
SCHD and DVAL share little of their money.
2 positions in common, counted across the 32 positions we hold weights for in DVAL and 98 in SCHD, against full books of 133 and 204.
What only one of them owns
Our book lists 95 positions for SCHD that do not appear in our book for DVAL (93.3% of the fund), and 28 for DVAL that do not appear in SCHD (91.2%).
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.
You are not choosing between two funds in isolation.
Whichever of DVAL 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, DVAL or SCHD?
DVAL has an expense ratio of 0.49% while SCHD charges 0.06%. SCHD is the cheaper option, by $43 a year on a $10,000 investment.
Which is riskier, DVAL or SCHD?
SCHD has been the more volatile fund at 14.0% annualized versus 12.9% for DVAL. Worst drawdown: DVAL -15.9% vs SCHD -16.1%.
Should I hold both DVAL and SCHD?
DVAL and SCHD have a monthly-return correlation of 0.82, 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 DVAL and SCHD?
6.5% of SCHD's money is in holdings DVAL also owns. 6.5% of SCHD's is in holdings DVAL also owns. They hold 2 positions in common, counted across the 32 positions we hold weights for in DVAL and 98 in SCHD.
Which pays a higher dividend, DVAL or SCHD?
DVAL yields 5.15% while SCHD yields 2.96%, so DVAL currently pays the higher dividend yield.
Is SCHD better than DVAL?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 59.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.