DWAW vs SCHD
Advisorshares Dorsey Wright Fsm All Cap World 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 | DWAW | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.23% | 0.06% | |
| AUM | $91M | $103.7B | |
| Dividend Yield | 0.66% | 3.31% | |
| Holdings | 7 | 104 | |
| YTD Return | +14.81% | +25.62% | |
| 1Y Return | +22.06% | +32.62% | |
| 3Y Return (annualized) | +18.61% | +15.58% | |
| 5Y Return (annualized) | +7.92% | +9.63% | |
| Volatility (annualized) | 18.8% | 13.6% | |
| Max Drawdown | -31.6% | -33.4% | |
| Fund Family | Advisor Shares | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 26, 2019 | Oct 20, 2011 |
DWAW vs SCHD Performance
Advisorshares Dorsey Wright Fsm All Cap World Etf (DWAW) is a ETF from Advisor Shares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DWAW returned +22.06% while SCHD returned +32.62%. Year to date, DWAW is up 14.81% versus a gain of 25.62% for SCHD.
Over three years, DWAW compounded at +18.61% per year against +15.58% for SCHD; over five years the annualized figures are +7.92% and +9.63% respectively. Across the full 7-year window we track, DWAW has the edge at +12.08% annualized vs +11.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWAW 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 -31.6% for DWAW 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DWAW charges 1.23% per year while SCHD charges 0.06%. On a $10,000 position that is $123 vs $6 annually, a gap of $117 per year that compounds over a long holding period. On income, DWAW currently yields 0.66% against 3.31% for SCHD.
Holdings Overlap
DWAW and SCHD share 0 holdings out of 106 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, DWAW or SCHD?
DWAW has an expense ratio of 1.23% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $117 per year of difference.
Which performed better, DWAW or SCHD?
Over the past year DWAW returned +22.06% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), DWAW annualized +12.08% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, DWAW or SCHD?
DWAW has been the more volatile fund at 18.8% annualized versus 13.6% for SCHD. Worst drawdown: DWAW -31.6% vs SCHD -33.4%.
Should I hold both DWAW and SCHD?
DWAW and SCHD have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DWAW and SCHD?
DWAW and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, DWAW or SCHD?
DWAW yields 0.66% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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