ETO vs SCHD
ETO vs SCHD
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. ETO offers more diversification with 156 holdings.
Side-by-Side Comparison
| Metric | ETO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.15% | 0.06% | |
| AUM | $388M | $103.7B | |
| Dividend Yield | 6.06% | 3.31% | |
| Holdings | 195 | 104 | |
| YTD Return | +11.92% | +24.26% | |
| 1Y Return | +25.75% | +31.38% | |
| 3Y Return (annualized) | +19.47% | +15.08% | |
| 5Y Return (annualized) | +8.36% | +9.72% | |
| Volatility (annualized) | 23.2% | 13.6% | |
| Max Drawdown | -75.2% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Apr 30, 2004 | Oct 20, 2011 |
ETO vs SCHD Performance
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund (ETO) 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 ETO returned +25.75% while SCHD returned +31.38%. Year to date, ETO is up 11.92% versus a gain of 24.26% for SCHD.
Over three years, ETO compounded at +19.47% per year against +15.08% for SCHD; over five years the annualized figures are +8.36% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +3.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETO has been the more volatile fund, with annualized monthly volatility of 23.2% 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 -75.2% for ETO 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ETO charges 1.15% per year while SCHD charges 0.06%. On a $10,000 position that is $115 vs $6 annually, a gap of $109 per year that compounds over a long holding period. On income, ETO currently yields 6.06% against 3.31% for SCHD.
Holdings Overlap
ETO and SCHD share 3 holdings out of 253 unique holdings combined, representing a 1.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ETO or SCHD?
ETO has an expense ratio of 1.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $109 per year of difference.
Which performed better, ETO or SCHD?
Over the past year ETO returned +25.75% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), ETO annualized +3.98% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, ETO or SCHD?
ETO has been the more volatile fund at 23.2% annualized versus 13.6% for SCHD. Worst drawdown: ETO -75.2% vs SCHD -33.4%.
Should I hold both ETO and SCHD?
ETO and SCHD have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ETO and SCHD?
ETO and SCHD share 3 common holdings with a 1.6% weight overlap. Combined, they hold 253 unique securities.
Which pays a higher dividend, ETO or SCHD?
ETO yields 6.06% while SCHD yields 3.31%, so ETO currently pays the higher dividend yield.
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