ELCV vs SCHD
Eventide High Dividend ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | ELCV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.06% | |
| AUM | $251M | $103.7B | |
| Dividend Yield | 2.06% | 3.31% | |
| Holdings | 47 | 104 | |
| YTD Return | +19.84% | +25.62% | |
| 1Y Return | +26.62% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 13.8% | 13.6% | |
| Max Drawdown | -18.4% | -33.4% | |
| Fund Family | Eventide | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2024 | Oct 20, 2011 |
ELCV vs SCHD Performance
Eventide High Dividend ETF (ELCV) is a ETF from Eventide and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ELCV returned +26.62% while SCHD returned +32.62%. Year to date, ELCV is up 19.84% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
ELCV has been the more volatile fund, with annualized monthly volatility of 13.8% 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 -18.4% for ELCV 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ELCV charges 0.49% per year while SCHD charges 0.06%. On a $10,000 position that is $49 vs $6 annually, a gap of $43 per year that compounds over a long holding period. On income, ELCV currently yields 2.06% against 3.31% for SCHD.
Holdings Overlap
ELCV and SCHD share 6 holdings out of 140 unique holdings combined, representing a 12.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ELCV or SCHD?
ELCV has an expense ratio of 0.49% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $43 per year of difference.
Which performed better, ELCV or SCHD?
Over the past year ELCV returned +26.62% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), ELCV annualized +15.75% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, ELCV or SCHD?
ELCV has been the more volatile fund at 13.8% annualized versus 13.6% for SCHD. Worst drawdown: ELCV -18.4% vs SCHD -33.4%.
Should I hold both ELCV and SCHD?
ELCV and SCHD have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ELCV and SCHD?
ELCV and SCHD share 6 common holdings with a 12.5% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, ELCV or SCHD?
ELCV yields 2.06% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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