EVF vs SCHD
Eaton Vance Senior Income Trust vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. EVF offers more diversification with 462 holdings.
Side-by-Side Comparison
| Metric | EVF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.38% | 0.06% | |
| AUM | $108M | $108.7B | |
| Dividend Yield | 7.85% | 3.13% | |
| Holdings | 462 | 104 | |
| YTD Return | -0.59% | +26.54% | |
| 1Y Return | -2.13% | +30.90% | |
| 3Y Return (annualized) | +5.54% | +16.29% | |
| 5Y Return (annualized) | +2.43% | +9.65% | |
| Volatility (annualized) | 14.1% | 13.6% | |
| Max Drawdown | -71.3% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 30, 1998 | Oct 20, 2011 |
EVF vs SCHD Performance
Eaton Vance Senior Income Trust (EVF) 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 EVF returned -2.13% while SCHD returned +30.90%. Year to date, EVF is down 0.59% versus a gain of 26.54% for SCHD.
Over three years, EVF compounded at +5.54% per year against +16.29% for SCHD; over five years the annualized figures are +2.43% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs -0.75%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EVF 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 -71.3% for EVF 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVF charges 2.38% per year while SCHD charges 0.06%. On a $10,000 position that is $238 vs $6 annually, a gap of $232 per year that compounds over a long holding period. On income, EVF currently yields 7.85% against 3.13% for SCHD.
Holdings Overlap
EVF and SCHD share 0 holdings out of 308 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, EVF or SCHD?
EVF has an expense ratio of 2.38% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $232 per year of difference.
Which performed better, EVF or SCHD?
Over the past year EVF returned -2.13% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EVF annualized -0.75% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, EVF or SCHD?
EVF has been the more volatile fund at 14.1% annualized versus 13.6% for SCHD. Worst drawdown: EVF -71.3% vs SCHD -33.4%.
Should I hold both EVF and SCHD?
EVF and SCHD have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVF and SCHD?
EVF and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 308 unique securities.
Which pays a higher dividend, EVF or SCHD?
EVF yields 7.85% while SCHD yields 3.13%, so EVF currently pays the higher dividend yield.
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