DVYE vs SCHD
iShares Emerging Markets Dividend ETF vs Schwab US Dividend Equity ETF
Which is better, DVYE or SCHD?
Mid Cap Value against Large Cap Value.
SCHD has a lower expense ratio. DVYE led over 3Y, SCHD over 1Y, 5Y and the full window. DVYE is less concentrated, with 27.4% of the fund in its ten largest positions against 41.5%.
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 | DVYE | SCHD |
|---|---|---|
| Expense Ratio | 0.50% | 0.06%Best |
| AUM | $1.2B | $112.2B |
| Dividend Yield | 4.79% | 3.13% |
| Holdings | 141 | 103 |
| YTD Return | +16.94% | +26.13%Best |
| 1Y Return | +27.14% | +30.01%Best |
| 3Y Return (annualized) | +23.48%Best | +16.09% |
| 5Y Return (annualized) | +6.56% | +9.95%Best |
| Volatility (annualized) | 17.2% | 13.8%Best |
| Max Drawdown | -55.4% | -33.4%Best |
| $10,000 over 5 years | $13,740 | $16,069Best |
| Top 10 Weight | 27.4%Best | 41.5% |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Feb 23, 2012 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Feb 24, 2012 to Sep 8, 2026 (14.5 years).
DVYE 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 14.5 years both funds cover.
DVYE vs SCHD Performance
iShares Emerging Markets Dividend ETF (DVYE) is an ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DVYE returned +27.14% while SCHD returned +30.01%. Year to date, DVYE is up 16.94% versus a gain of 26.13% for SCHD.
Over three years, DVYE compounded at +23.48% per year against +16.09% for SCHD; over five years the annualized figures are +6.56% and +9.95% respectively. Across the full 15-year window we track, SCHD has the edge at +11.02% annualized vs +0.22%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVYE has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 13.8% 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 -55.4% for DVYE 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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DVYE charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, DVYE currently yields 4.79% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 108 holdings in DVYE and 100 in SCHD, totalling 99.1% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 108 positions we hold weights for in DVYE and 100 in SCHD, against full books of 141 and 103.
What only one of them owns
Our book lists 98 positions for SCHD that do not appear in our book for DVYE (99.7% of the fund), and 3 for DVYE that do not appear in SCHD (3.2%).
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 DVYE 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, DVYE or SCHD?
DVYE has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option, by $44 a year on a $10,000 investment.
Which performed better, DVYE or SCHD?
Over the past year DVYE returned +27.14% vs +30.01% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DVYE annualized +0.22% vs +11.02% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DVYE or SCHD?
DVYE has been the more volatile fund at 17.2% annualized versus 13.8% for SCHD. Worst drawdown: DVYE -55.4% vs SCHD -33.4%.
Should I hold both DVYE and SCHD?
DVYE and SCHD have a monthly-return correlation of 0.63, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DVYE or SCHD?
DVYE yields 4.79% while SCHD yields 3.13%, so DVYE currently pays the higher dividend yield.
Is SCHD better than DVYE?
SCHD has a lower expense ratio. DVYE led over 3Y, SCHD over 1Y, 5Y and the full window. DVYE is less concentrated, with 27.4% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.