DWM vs SCHD
WisdomTree International Equity Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DWM offers more diversification with 1,426 holdings.
Side-by-Side Comparison
| Metric | DWM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.48% | 0.06% | |
| AUM | $693M | $108.7B | |
| Dividend Yield | 2.69% | 3.13% | |
| Holdings | 1,426 | 104 | |
| YTD Return | +11.68% | +28.63% | |
| 1Y Return | +18.80% | +32.53% | |
| 3Y Return (annualized) | +19.64% | +16.97% | |
| 5Y Return (annualized) | +10.85% | +10.47% | |
| Volatility (annualized) | 16.9% | 13.7% | |
| Max Drawdown | -64.3% | -33.4% | |
| Fund Family | WisdomTree Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2006 | Oct 20, 2011 |
DWM vs SCHD Performance
WisdomTree International Equity Fund (DWM) is a ETF from WisdomTree Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DWM returned +18.80% while SCHD returned +32.53%. Year to date, DWM is up 11.68% versus a gain of 28.63% for SCHD.
Over three years, DWM compounded at +19.64% per year against +16.97% for SCHD; over five years the annualized figures are +10.85% and +10.47% respectively. Across the full 15-year window we track, SCHD has the edge at +11.63% annualized vs +3.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWM has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 13.7% 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 -64.3% for DWM 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DWM charges 0.48% per year while SCHD charges 0.06%. On a $10,000 position that is $48 vs $6 annually, a gap of $42 per year that compounds over a long holding period. On income, DWM currently yields 2.69% against 3.13% for SCHD.
Holdings Overlap
DWM and SCHD share 0 holdings out of 1314 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, DWM or SCHD?
DWM has an expense ratio of 0.48% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, DWM or SCHD?
Over the past year DWM returned +18.80% vs +32.53% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DWM annualized +3.15% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, DWM or SCHD?
DWM has been the more volatile fund at 16.9% annualized versus 13.7% for SCHD. Worst drawdown: DWM -64.3% vs SCHD -33.4%.
Should I hold both DWM and SCHD?
DWM and SCHD have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DWM and SCHD?
DWM and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1314 unique securities.
Which pays a higher dividend, DWM or SCHD?
DWM yields 2.69% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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