DWLD vs SCHD
Davis Select Worldwide ETF vs Schwab US Dividend Equity ETF
Which is better, DWLD or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. DWLD led over 3Y, SCHD over 1Y, 5Y and the full window. DWLD is less concentrated, with 25.8% 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 | DWLD | SCHD |
|---|---|---|
| Expense Ratio | 0.62% | 0.06%Best |
| AUM | $607M | $112.2B |
| Dividend Yield | 0.87% | 3.13% |
| Holdings | 40 | 103 |
| YTD Return | +0.25% | +27.56%Best |
| 1Y Return | +8.38% | +30.29%Best |
| 3Y Return (annualized) | +19.14%Best | +16.37% |
| 5Y Return (annualized) | +9.46% | +10.23%Best |
| Volatility (annualized) | 18.6% | 15.5%Best |
| Max Drawdown | -39.3% | -33.4%Best |
| $10,000 over 5 years | $15,714 | $16,274Best |
| Top 10 Weight | 25.8%Best | 41.5% |
| Fund Family | Davis ETFs | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 11, 2017 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jan 12, 2017 to Sep 4, 2026 (9.6 years).
DWLD 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 9.6 years both funds cover.
DWLD vs SCHD Performance
Davis Select Worldwide ETF (DWLD) is an ETF from Davis ETFs and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DWLD returned +8.38% while SCHD returned +30.29%. Year to date, DWLD is up 0.25% versus a gain of 27.56% for SCHD.
Over three years, DWLD compounded at +19.14% per year against +16.37% for SCHD; over five years the annualized figures are +9.46% and +10.23% respectively. Across the full 10-year window we track, SCHD has the edge at +11.72% annualized vs +10.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWLD has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 15.5% 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 -39.3% for DWLD 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DWLD charges 0.62% per year while SCHD charges 0.06%. On a $10,000 position that is $62 vs $6 annually, a gap of $56 per year that compounds over a long holding period. On income, DWLD currently yields 0.87% against 3.13% for SCHD.
Holdings Overlap
5.2% of DWLD's money is in holdings SCHD also owns. 91.5% of SCHD's money is in holdings DWLD also owns.
Most of SCHD is already inside DWLD. Owning both mostly buys the same companies twice.
43 positions in common, counted across the 1,430 positions we hold weights for in DWLD and 100 in SCHD, against full books of 40 and 103.
What only one of them owns
Our book lists 55 positions for SCHD that do not appear in our book for DWLD (8.1% of the fund), and 445 for DWLD that do not appear in SCHD (62.8%).
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
| Stock | Weight in DWLD | Weight in SCHD | Difference |
|---|---|---|---|
| ABTAbbott Laboratories | 0.18% | 4.70% | 4.52% |
| AMGNAmgen Inc. | 0.22% | 4.62% | 4.40% |
| HDHome Depot Inc/The | 0.35% | 4.32% | 3.97% |
| MRKMerck & Company Inc | 0.33% | 4.26% | 3.93% |
| KOCoca Cola Co. | 0.35% | 4.20% | 3.85% |
| UNHUnitedhealth Group Incorporated | 0.38% | 4.11% | 3.73% |
| PGProcter & Gamble Company | 0.36% | 3.96% | 3.60% |
| CVXChevron Corp | 0.37% | 3.74% | 3.37% |
| VZVerizon Communic | 0.20% | 3.84% | 3.64% |
| PEPPepsico Inc. | 0.20% | 3.71% | 3.51% |
91.5% of SCHD is already inside DWLD.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DWLD or SCHD?
DWLD has an expense ratio of 0.62% while SCHD charges 0.06%. SCHD is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, DWLD or SCHD?
Over the past year DWLD returned +8.38% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), DWLD annualized +10.53% vs +11.72% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DWLD or SCHD?
DWLD has been the more volatile fund at 18.6% annualized versus 15.5% for SCHD. Worst drawdown: DWLD -39.3% vs SCHD -33.4%.
Should I hold both DWLD and SCHD?
DWLD and SCHD have a monthly-return correlation of 0.73, 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 DWLD and SCHD?
91.5% of SCHD's money is in holdings DWLD also owns. 91.5% of SCHD's is in holdings DWLD also owns. They hold 43 positions in common, counted across the 1,430 positions we hold weights for in DWLD and 100 in SCHD.
Which pays a higher dividend, DWLD or SCHD?
DWLD yields 0.87% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than DWLD?
SCHD has a lower expense ratio. DWLD led over 3Y, SCHD over 1Y, 5Y and the full window. DWLD is less concentrated, with 25.8% 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.