DVSP vs SCHD
WEBs SPY Defined Volatility 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 | DVSP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.06% | |
| AUM | $1M | $103.7B | |
| Dividend Yield | 0.26% | 3.31% | |
| Holdings | 4 | 104 | |
| YTD Return | +11.75% | +24.26% | |
| 1Y Return | +25.31% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 18.8% | 13.6% | |
| Max Drawdown | -22.7% | -33.4% | |
| Fund Family | WEBs Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2024 | Oct 20, 2011 |
DVSP vs SCHD Performance
WEBs SPY Defined Volatility ETF (DVSP) is a ETF from WEBs Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DVSP returned +25.31% while SCHD returned +31.38%. Year to date, DVSP is up 11.75% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
DVSP has been the more volatile fund, with annualized monthly volatility of 18.8% 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 -22.7% for DVSP 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 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DVSP charges 0.89% per year while SCHD charges 0.06%. On a $10,000 position that is $89 vs $6 annually, a gap of $83 per year that compounds over a long holding period. On income, DVSP currently yields 0.26% against 3.31% for SCHD.
Holdings Overlap
DVSP and SCHD share 0 holdings out of 101 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DVSP or SCHD?
DVSP has an expense ratio of 0.89% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $83 per year of difference.
Which performed better, DVSP or SCHD?
Over the past year DVSP returned +25.31% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), DVSP annualized +12.97% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, DVSP or SCHD?
DVSP has been the more volatile fund at 18.8% annualized versus 13.6% for SCHD. Worst drawdown: DVSP -22.7% vs SCHD -33.4%.
Should I hold both DVSP and SCHD?
DVSP and SCHD have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DVSP and SCHD?
DVSP and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, DVSP or SCHD?
DVSP yields 0.26% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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