ETO vs SCHD
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund vs Schwab US Dividend Equity ETF
Which is better, ETO or SCHD?
Allocation/Balanced against Large Cap Value.
SCHD has a lower expense ratio. ETO led over 3Y, SCHD over 1Y, 5Y and the full window.
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 | ETO | SCHD |
|---|---|---|
| Expense Ratio | 1.15% | 0.06%Best |
| AUM | $388M | $112.2B |
| Dividend Yield | 6.07% | 3.13% |
| Holdings | 195 | 103 |
| YTD Return | +11.85% | +27.56%Best |
| 1Y Return | +23.92% | +30.29%Best |
| 3Y Return (annualized) | +20.20%Best | +16.37% |
| 5Y Return (annualized) | +7.04% | +10.23%Best |
| Volatility (annualized) | 21.2% | 13.6%Best |
| Max Drawdown | -52.7% | -33.4%Best |
| $10,000 over 5 years | $14,052 | $16,274Best |
| Fund Family | Eaton Vance | Charles Schwab Asset Management |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Value |
| Inception | Apr 30, 2004 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 4, 2026 (14.9 years).
ETO 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.
ETO vs SCHD Performance
Eaton Vance Tax-Advantage Global Dividend Opportunity Fund (ETO) is an ETF from Eaton Vance and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year ETO returned +23.92% while SCHD returned +30.29%. Year to date, ETO is up 11.85% versus a gain of 27.56% for SCHD.
Over three years, ETO compounded at +20.20% per year against +16.37% for SCHD; over five years the annualized figures are +7.04% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.53% annualized vs +7.09%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETO has been the more volatile fund, with annualized monthly volatility of 21.2% 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 -52.7% for ETO 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 0.75. 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 6.07% against 3.13% for SCHD.
Holdings Overlap
At least 8.4% of SCHD's money is in holdings ETO also owns.
Stated as a floor: for ETO, our book for it covers 92.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and ETO share little of their money.
The two holdings books were reported 161 days apart, ETO as of Feb 27, 2026 and SCHD as of Aug 7, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 156 positions we hold weights for in ETO and 100 in SCHD, against full books of 195 and 103.
You are not choosing between two funds in isolation.
Whichever of ETO 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, ETO or SCHD?
ETO has an expense ratio of 1.15% while SCHD charges 0.06%. SCHD is the cheaper option, by $109 a year on a $10,000 investment.
Which performed better, ETO or SCHD?
Over the past year ETO returned +23.92% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), ETO annualized +7.09% vs +11.53% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETO or SCHD?
ETO has been the more volatile fund at 21.2% annualized versus 13.6% for SCHD. Worst drawdown: ETO -52.7% vs SCHD -33.4%.
Should I hold both ETO and SCHD?
ETO and SCHD have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ETO and SCHD?
At least 8.4% of SCHD's money is in holdings ETO also owns. Our book for ETO is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 156 positions we hold weights for in ETO and 100 in SCHD.
Which pays a higher dividend, ETO or SCHD?
ETO yields 6.07% while SCHD yields 3.13%, so ETO currently pays the higher dividend yield.
Is SCHD better than ETO?
SCHD has a lower expense ratio. ETO led over 3Y, SCHD over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.