EVT vs SCHD
Eaton Vance Tax-Advantaged Dividend Income Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. EVT delivered stronger 1-year returns. EVT offers more diversification with 152 holdings.
Side-by-Side Comparison
| Metric | EVT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.59% | 0.06% | |
| AUM | $1.8B | $108.7B | |
| Dividend Yield | 6.48% | 3.13% | |
| Holdings | 152 | 104 | |
| YTD Return | +21.58% | +26.54% | |
| 1Y Return | +31.32% | +30.90% | |
| 3Y Return (annualized) | +17.91% | +16.29% | |
| 5Y Return (annualized) | +8.58% | +9.65% | |
| Volatility (annualized) | 20.8% | 13.6% | |
| Max Drawdown | -77.9% | -33.4% | |
| Fund Family | Eaton Vance | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 30, 2003 | Oct 20, 2011 |
EVT vs SCHD Performance
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) 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 EVT returned +31.32% while SCHD returned +30.90%. Year to date, EVT is up 21.58% versus a gain of 26.54% for SCHD.
Over three years, EVT compounded at +17.91% per year against +16.29% for SCHD; over five years the annualized figures are +8.58% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs +3.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EVT has been the more volatile fund, with annualized monthly volatility of 20.8% 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 -77.9% for EVT 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EVT charges 1.59% per year while SCHD charges 0.06%. On a $10,000 position that is $159 vs $6 annually, a gap of $153 per year that compounds over a long holding period. On income, EVT currently yields 6.48% against 3.13% for SCHD.
Holdings Overlap
EVT and SCHD share 10 holdings out of 209 unique holdings combined, representing a 10.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EVT or SCHD?
EVT has an expense ratio of 1.59% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $153 per year of difference.
Which performed better, EVT or SCHD?
Over the past year EVT returned +31.32% vs +30.90% for SCHD, so EVT leads on 1-year performance. Over the longest common window we track (15 years), EVT annualized +3.59% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, EVT or SCHD?
EVT has been the more volatile fund at 20.8% annualized versus 13.6% for SCHD. Worst drawdown: EVT -77.9% vs SCHD -33.4%.
Should I hold both EVT and SCHD?
EVT and SCHD have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EVT and SCHD?
EVT and SCHD share 10 common holdings with a 10.3% weight overlap. Combined, they hold 209 unique securities.
Which pays a higher dividend, EVT or SCHD?
EVT yields 6.48% while SCHD yields 3.13%, so EVT currently pays the higher dividend yield.
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