EXG vs SCHD
Eaton Vance Tax-Managed Global Diversified Equity Income Fund vs Schwab US Dividend Equity ETF
Which is better, EXG or SCHD?
Multi Alternative against Large Cap Value.
SCHD has a lower expense ratio. EXG led over 3Y, SCHD over 1Y, 5Y and the full window. EXG is less concentrated, with 29.8% of the fund in its ten largest positions against 41.5%.
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 | EXG | SCHD |
|---|---|---|
| Expense Ratio | 1.07% | 0.06%Best |
| AUM | $2.5B | $112.2B |
| Dividend Yield | 7.40% | 3.13% |
| Holdings | 115 | 103 |
| YTD Return | +11.46% | +27.56%Best |
| 1Y Return | +21.37% | +30.29%Best |
| 3Y Return (annualized) | +18.95%Best | +16.37% |
| 5Y Return (annualized) | +7.72% | +10.23%Best |
| Volatility (annualized) | 16.8% | 13.6%Best |
| Max Drawdown | -53.0% | -33.4%Best |
| $10,000 over 5 years | $14,504 | $16,274Best |
| Top 10 Weight | 29.8%Best | 41.5% |
| Fund Family | Eaton Vance | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Feb 27, 2007 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 4, 2026 (14.9 years).
EXG 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.
EXG vs SCHD Performance
Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) 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 EXG returned +21.37% while SCHD returned +30.29%. Year to date, EXG is up 11.46% versus a gain of 27.56% for SCHD.
Over three years, EXG compounded at +18.95% per year against +16.37% for SCHD; over five years the annualized figures are +7.72% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.53% annualized vs +4.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EXG has been the more volatile fund, with annualized monthly volatility of 16.8% 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 -53.0% for EXG 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EXG charges 1.07% per year while SCHD charges 0.06%. On a $10,000 position that is $107 vs $6 annually, a gap of $101 per year that compounds over a long holding period. On income, EXG currently yields 7.40% against 3.13% for SCHD.
Holdings Overlap
1.8% of EXG's money is in holdings SCHD also owns. 6.6% of SCHD's money is in holdings EXG also owns.
SCHD and EXG share little of their money.
The two holdings books were reported 161 days apart, EXG 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.
2 positions in common, counted across the 94 positions we hold weights for in EXG and 100 in SCHD, against full books of 115 and 103.
What only one of them owns
Our book lists 97 positions for SCHD that do not appear in our book for EXG (93.3% of the fund), and 46 for EXG that do not appear in SCHD (54.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of EXG 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, EXG or SCHD?
EXG has an expense ratio of 1.07% while SCHD charges 0.06%. SCHD is the cheaper option, by $101 a year on a $10,000 investment.
Which performed better, EXG or SCHD?
Over the past year EXG returned +21.37% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), EXG annualized +4.59% vs +11.53% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EXG or SCHD?
EXG has been the more volatile fund at 16.8% annualized versus 13.6% for SCHD. Worst drawdown: EXG -53.0% vs SCHD -33.4%.
Should I hold both EXG and SCHD?
EXG and SCHD have a monthly-return correlation of 0.77, 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 EXG and SCHD?
6.6% of SCHD's money is in holdings EXG also owns. 6.6% of SCHD's is in holdings EXG also owns. They hold 2 positions in common, counted across the 94 positions we hold weights for in EXG and 100 in SCHD.
Which pays a higher dividend, EXG or SCHD?
EXG yields 7.40% while SCHD yields 3.13%, so EXG currently pays the higher dividend yield.
Is SCHD better than EXG?
SCHD has a lower expense ratio. EXG led over 3Y, SCHD over 1Y, 5Y and the full window. EXG is less concentrated, with 29.8% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.