EVG vs SCHD
Eaton Vance Short Duration Diversified Income Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. EVG offers more diversification with 247 holdings.
Side-by-Side Comparison
| Metric | EVG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.35% | 0.06% | |
| AUM | $442M | $103.7B | |
| Dividend Yield | 7.99% | 3.31% | |
| Holdings | 740 | 104 | |
| YTD Return | +2.13% | +24.26% | |
| 1Y Return | +2.13% | +31.38% | |
| 3Y Return (annualized) | +10.53% | +15.08% | |
| 5Y Return (annualized) | +4.09% | +9.72% | |
| Volatility (annualized) | 10.8% | 13.6% | |
| Max Drawdown | -53.0% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 28, 2005 | Oct 20, 2011 |
EVG vs SCHD Performance
Eaton Vance Short Duration Diversified Income Fund (EVG) 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 EVG returned +2.13% while SCHD returned +31.38%. Year to date, EVG is up 2.13% versus a gain of 24.26% for SCHD.
Over three years, EVG compounded at +10.53% per year against +15.08% for SCHD; over five years the annualized figures are +4.09% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs -0.54%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 10.8% for EVG. 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 -53.0% for EVG 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EVG charges 1.35% per year while SCHD charges 0.06%. On a $10,000 position that is $135 vs $6 annually, a gap of $129 per year that compounds over a long holding period. On income, EVG currently yields 7.99% against 3.31% for SCHD.
Holdings Overlap
EVG and SCHD share 0 holdings out of 347 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, EVG or SCHD?
EVG has an expense ratio of 1.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $129 per year of difference.
Which performed better, EVG or SCHD?
Over the past year EVG returned +2.13% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EVG annualized -0.54% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, EVG or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 10.8% for EVG. Worst drawdown: EVG -53.0% vs SCHD -33.4%.
Should I hold both EVG and SCHD?
EVG and SCHD have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVG and SCHD?
EVG and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 347 unique securities.
Which pays a higher dividend, EVG or SCHD?
EVG yields 7.99% while SCHD yields 3.31%, so EVG currently pays the higher dividend yield.
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