DWX vs SCHD
State Street SPDR S&P International Dividend ETF vs Schwab US Dividend Equity ETF
Which is better, DWX or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. DWX led over 3Y, SCHD over 1Y, 5Y and the full window. DWX is less concentrated, with 21.1% of the fund in its ten largest positions against 41.8%.
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 | DWX | SCHD |
|---|---|---|
| Expense Ratio | 0.45% | 0.06%Best |
| AUM | $530M | $112.1B |
| Dividend Yield | 4.10% | 3.00% |
| Holdings | 122 | 103 |
| YTD Return | +10.30% | +24.96%Best |
| 1Y Return | +15.03% | +28.75%Best |
| 3Y Return (annualized) | +16.07%Best | +15.71% |
| 5Y Return (annualized) | +7.98% | +9.86%Best |
| Volatility (annualized) | 14.5% | 13.6%Best |
| Max Drawdown | -50.7% | -33.4%Best |
| $10,000 over 5 years | $14,680 | $16,003Best |
| Top 10 Weight | 21.1%Best | 41.8% |
| Fund Family | SPDR State Street Global Advisors | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Feb 12, 2008 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 9, 2026 (14.9 years).
DWX 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 14.9 years both funds cover.
DWX vs SCHD Performance
State Street SPDR S&P International Dividend ETF (DWX) is an ETF from SPDR State Street Global Advisors and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year DWX returned +15.03% while SCHD returned +28.75%. Year to date, DWX is up 10.30% versus a gain of 24.96% for SCHD.
Over three years, DWX compounded at +16.07% per year against +15.71% for SCHD; over five years the annualized figures are +7.98% and +9.86% respectively. Across the full 15-year window we track, SCHD has the edge at +11.36% annualized vs +1.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWX has been the more volatile fund, with annualized monthly volatility of 14.5% 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 -50.7% for DWX 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 0.68. They move together some of the time, and apart the rest.
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 4.10% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 100 holdings in DWX and 100 in SCHD, totalling 99.4% 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 100 positions we hold weights for in DWX and 100 in SCHD, against full books of 122 and 103.
What only one of them owns
Our book lists 99 positions for SCHD that do not appear in our book for DWX (99.9% of the fund), and 2 for DWX that do not appear in SCHD (3.1%).
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 DWX 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, DWX or SCHD?
DWX has an expense ratio of 0.45% while SCHD charges 0.06%. SCHD is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, DWX or SCHD?
Over the past year DWX returned +15.03% vs +28.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), DWX annualized +1.49% vs +11.36% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DWX or SCHD?
DWX has been the more volatile fund at 14.5% annualized versus 13.6% for SCHD. Worst drawdown: DWX -50.7% vs SCHD -33.4%.
Should I hold both DWX and SCHD?
DWX and SCHD have a monthly-return correlation of 0.68, 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, DWX or SCHD?
DWX yields 4.10% while SCHD yields 3.00%, so DWX currently pays the higher dividend yield.
Is SCHD better than DWX?
SCHD has a lower expense ratio. DWX led over 3Y, SCHD over 1Y, 5Y and the full window. DWX is less concentrated, with 21.1% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.