EWX vs SCHD
State Street SPDR S&P Emerging Markets Small Cap ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. EWX offers more diversification with 3,452 holdings.
Side-by-Side Comparison
| Metric | EWX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.06% | |
| AUM | $702M | $108.7B | |
| Dividend Yield | 2.73% | 3.13% | |
| Holdings | 3,452 | 104 | |
| YTD Return | +9.19% | +26.54% | |
| 1Y Return | +14.58% | +30.90% | |
| 3Y Return (annualized) | +13.27% | +16.29% | |
| 5Y Return (annualized) | +6.67% | +9.65% | |
| Volatility (annualized) | 21.4% | 13.6% | |
| Max Drawdown | -63.9% | -33.4% | |
| Fund Family | SPDR State Street Global Advisors | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 12, 2008 | Oct 20, 2011 |
EWX vs SCHD Performance
State Street SPDR S&P Emerging Markets Small Cap ETF (EWX) is a ETF from SPDR State Street Global Advisors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year EWX returned +14.58% while SCHD returned +30.90%. Year to date, EWX is up 9.19% versus a gain of 26.54% for SCHD.
Over three years, EWX compounded at +13.27% per year against +16.29% for SCHD; over five years the annualized figures are +6.67% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs +2.32%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWX has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -63.9% for EWX 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EWX charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, EWX currently yields 2.73% against 3.13% for SCHD.
Holdings Overlap
EWX and SCHD share 3 holdings out of 3372 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EWX or SCHD?
EWX has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, EWX or SCHD?
Over the past year EWX returned +14.58% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EWX annualized +2.32% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, EWX or SCHD?
EWX has been the more volatile fund at 21.4% annualized versus 13.6% for SCHD. Worst drawdown: EWX -63.9% vs SCHD -33.4%.
Should I hold both EWX and SCHD?
EWX and SCHD have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWX and SCHD?
EWX and SCHD share 3 common holdings with a 0.1% weight overlap. Combined, they hold 3372 unique securities.
Which pays a higher dividend, EWX or SCHD?
EWX yields 2.73% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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