DWX vs SCHD
State Street SPDR S&P International Dividend ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. DWX offers more diversification with 122 holdings.
Side-by-Side Comparison
| Metric | DWX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.06% | |
| AUM | $530M | $108.7B | |
| Dividend Yield | 4.11% | 3.13% | |
| Holdings | 122 | 104 | |
| YTD Return | +10.15% | +26.50% | |
| 1Y Return | +16.05% | +31.25% | |
| 3Y Return (annualized) | +16.87% | +16.34% | |
| 5Y Return (annualized) | +7.74% | +10.10% | |
| Volatility (annualized) | 20.0% | 13.6% | |
| Max Drawdown | -69.3% | -33.4% | |
| Fund Family | SPDR State Street Global Advisors | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Feb 12, 2008 | Oct 20, 2011 |
DWX vs SCHD Performance
State Street SPDR S&P International Dividend ETF (DWX) is a ETF from SPDR State Street Global Advisors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year DWX returned +16.05% while SCHD returned +31.25%. Year to date, DWX is up 10.15% versus a gain of 26.50% for SCHD.
Over three years, DWX compounded at +16.87% per year against +16.34% for SCHD; over five years the annualized figures are +7.74% and +10.10% respectively. Across the full 15-year window we track, SCHD has the edge at +11.50% annualized vs -1.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWX has been the more volatile fund, with annualized monthly volatility of 20.0% 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 -69.3% for DWX 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DWX charges 0.45% per year while SCHD charges 0.06%. On a $10,000 position that is $45 vs $6 annually, a gap of $39 per year that compounds over a long holding period. On income, DWX currently yields 4.11% against 3.13% for SCHD.
Holdings Overlap
DWX and SCHD share 0 holdings out of 201 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, DWX or SCHD?
DWX has an expense ratio of 0.45% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, DWX or SCHD?
Over the past year DWX returned +16.05% vs +31.25% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DWX annualized -1.09% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, DWX or SCHD?
DWX has been the more volatile fund at 20.0% annualized versus 13.6% for SCHD. Worst drawdown: DWX -69.3% vs SCHD -33.4%.
Should I hold both DWX and SCHD?
DWX and SCHD have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DWX and SCHD?
DWX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 201 unique securities.
Which pays a higher dividend, DWX or SCHD?
DWX yields 4.11% while SCHD yields 3.13%, so DWX currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.