EFT vs SCHD
Eaton Vance Floating Rate Income Trust vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. EFT offers more diversification with 501 holdings.
Side-by-Side Comparison
| Metric | EFT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 5.35% | 0.06% | |
| AUM | $380M | $108.7B | |
| Dividend Yield | 7.92% | 3.13% | |
| Holdings | 501 | 104 | |
| YTD Return | +1.70% | +26.54% | |
| 1Y Return | -1.99% | +30.90% | |
| 3Y Return (annualized) | +6.05% | +16.29% | |
| 5Y Return (annualized) | +3.12% | +9.65% | |
| Volatility (annualized) | 14.1% | 13.6% | |
| Max Drawdown | -66.4% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 29, 2004 | Oct 20, 2011 |
EFT vs SCHD Performance
Eaton Vance Floating Rate Income Trust (EFT) is a ETF from Eaton Vance and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EFT returned -1.99% while SCHD returned +30.90%. Year to date, EFT is up 1.70% versus a gain of 26.54% for SCHD.
Over three years, EFT compounded at +6.05% per year against +16.29% for SCHD; over five years the annualized figures are +3.12% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs -0.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EFT has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -66.4% for EFT 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EFT charges 5.35% per year while SCHD charges 0.06%. On a $10,000 position that is $535 vs $6 annually, a gap of $529 per year that compounds over a long holding period. On income, EFT currently yields 7.92% against 3.13% for SCHD.
Holdings Overlap
EFT and SCHD share 0 holdings out of 275 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, EFT or SCHD?
EFT has an expense ratio of 5.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $529 per year of difference.
Which performed better, EFT or SCHD?
Over the past year EFT returned -1.99% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EFT annualized -0.56% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, EFT or SCHD?
EFT has been the more volatile fund at 14.1% annualized versus 13.6% for SCHD. Worst drawdown: EFT -66.4% vs SCHD -33.4%.
Should I hold both EFT and SCHD?
EFT and SCHD have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EFT and SCHD?
EFT and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 275 unique securities.
Which pays a higher dividend, EFT or SCHD?
EFT yields 7.92% while SCHD yields 3.13%, so EFT currently pays the higher dividend yield.
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