EQAL vs SCHD
Invesco Russell 1000 Equal Weight ETF vs Schwab US Dividend Equity ETF
Which is better, EQAL or SCHD?
Mid Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. EQAL is less concentrated, with 5.0% 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 | EQAL | SCHD |
|---|---|---|
| Expense Ratio | 0.20% | 0.06%Best |
| AUM | $796M | $108.9B |
| Dividend Yield | 1.64% | 3.00% |
| Holdings | 2,024 | 206 |
| YTD Return | +11.62% | +22.89%Best |
| 1Y Return | +15.17% | +29.27%Best |
| 3Y Return (annualized) | +16.19% | +16.56%Best |
| 5Y Return (annualized) | +6.92% | +9.63%Best |
| Volatility (annualized) | 17.2% | 14.8%Best |
| Max Drawdown | -40.9% | -33.4%Best |
| $10,000 over 5 years | $13,973 | $15,836Best |
| Top 10 Weight | 5.0%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Value |
| Inception | Dec 23, 2014 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Dec 29, 2014 to Oct 12, 2026 (11.8 years).
EQAL 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 11.8 years both funds cover.
EQAL vs SCHD Performance
Invesco Russell 1000 Equal Weight ETF (EQAL) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year EQAL returned +15.17% while SCHD returned +29.27%. Year to date, EQAL is up 11.62% versus a gain of 22.89% for SCHD.
Over three years, EQAL compounded at +16.19% per year against +16.56% for SCHD; over five years the annualized figures are +6.92% and +9.63% respectively. Across the full 12-year window we track, SCHD has the edge at +9.82% annualized vs +8.23%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EQAL has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 14.8% 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 -40.9% for EQAL 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EQAL charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, EQAL currently yields 1.64% against 3.00% for SCHD.
Holdings Overlap
7.5% of EQAL's money is in holdings SCHD also owns. 98.0% of SCHD's money is in holdings EQAL also owns.
Most of SCHD is already inside EQAL. Owning both mostly buys the same companies twice.
62 positions in common, counted across the 1,009 positions we hold weights for in EQAL and 99 in SCHD, against full books of 2,024 and 206.
What only one of them owns
Our book lists 36 positions for SCHD that do not appear in our book for EQAL (1.9% of the fund), and 916 for EQAL that do not appear in SCHD (89.1%).
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.
Top Shared Holdings
| Stock | Weight in EQAL | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.11% | 4.77% | 4.66% |
| VZVerizon Communications Inc Vz | 0.45% | 4.12% | 3.67% |
| CVXChevron Corp | 0.27% | 4.29% | 4.02% |
| ABTAbbott Laboratories | 0.10% | 4.44% | 4.34% |
| COPConocophillips Common Stock USD 0.01 | 0.28% | 4.19% | 3.91% |
| KOCoca Cola Co. | 0.19% | 4.26% | 4.07% |
| AMGNAmgen Inc. | 0.10% | 4.24% | 4.14% |
| PGProcter & Gamble Company | 0.17% | 3.94% | 3.77% |
| UNHUnitedhealth Group Incorporated | 0.09% | 3.82% | 3.73% |
| HDHome Depot Inc/The | 0.06% | 3.75% | 3.69% |
98.0% of SCHD is already inside EQAL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EQAL or SCHD?
EQAL has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, EQAL or SCHD?
Over the past year EQAL returned +15.17% vs +29.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (12 years), EQAL annualized +8.23% vs +9.82% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQAL or SCHD?
EQAL has been the more volatile fund at 17.2% annualized versus 14.8% for SCHD. Worst drawdown: EQAL -40.9% vs SCHD -33.4%.
Should I hold both EQAL and SCHD?
EQAL and SCHD have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between EQAL and SCHD?
98.0% of SCHD's money is in holdings EQAL also owns. 98.0% of SCHD's is in holdings EQAL also owns. They hold 62 positions in common, counted across the 1,009 positions we hold weights for in EQAL and 99 in SCHD.
Which pays a higher dividend, EQAL or SCHD?
EQAL yields 1.64% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than EQAL?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. EQAL is less concentrated, with 5.0% 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.