FAAA vs SCHD
FAAA vs SCHD
Fidelity AAA CLO ETF vs Schwab US Dividend Equity ETF
Quick Verdict
FAAA has a lower expense ratio. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | FAAA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.06% | |
| AUM | $60M | $103.7B | |
| Dividend Yield | 2.05% | 3.31% | |
| Holdings | 59 | 104 | |
| YTD Return | +2.45% | +24.26% | |
| 1Y Return | - | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | - | 13.6% | |
| Max Drawdown | -0.6% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Feb 11, 2026 | Oct 20, 2011 |
FAAA vs SCHD Performance
Fidelity AAA CLO ETF (FAAA) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Year to date, FAAA is up 2.45% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -0.6% for FAAA and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FAAA charges 0.00% per year while SCHD charges 0.06%. On a $10,000 position that is $0 vs $6 annually, a gap of $6 per year that compounds over a long holding period. On income, FAAA currently yields 2.05% against 3.31% for SCHD.
Holdings Overlap
FAAA and SCHD share 0 holdings out of 113 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, FAAA or SCHD?
FAAA has an expense ratio of 0.00% while SCHD charges 0.06%. FAAA is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
What is the holdings overlap between FAAA and SCHD?
FAAA and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 113 unique securities.
Which pays a higher dividend, FAAA or SCHD?
FAAA yields 2.05% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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