FBCV vs SCHD
Fidelity Blue Chip Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FBCV offers more diversification with 114 holdings.
Side-by-Side Comparison
| Metric | FBCV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.57% | 0.06% | |
| AUM | $177M | $108.7B | |
| Dividend Yield | 1.27% | 3.13% | |
| Holdings | 114 | 104 | |
| YTD Return | +20.86% | +27.93% | |
| 1Y Return | +27.64% | +30.06% | |
| 3Y Return (annualized) | +16.59% | +16.25% | |
| 5Y Return (annualized) | +10.26% | +10.03% | |
| Volatility (annualized) | 13.6% | 13.6% | |
| Max Drawdown | -15.6% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 2, 2020 | Oct 20, 2011 |
FBCV vs SCHD Performance
Fidelity Blue Chip Value ETF (FBCV) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FBCV returned +27.64% while SCHD returned +30.06%. Year to date, FBCV is up 20.86% versus a gain of 27.93% for SCHD.
Over three years, FBCV compounded at +16.59% per year against +16.25% for SCHD; over five years the annualized figures are +10.26% and +10.03% respectively. Across the full 6-year window we track, FBCV has the edge at +14.43% annualized vs +11.56%. 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 13.6% for FBCV. 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 -15.6% for FBCV 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FBCV charges 0.57% per year while SCHD charges 0.06%. On a $10,000 position that is $57 vs $6 annually, a gap of $51 per year that compounds over a long holding period. On income, FBCV currently yields 1.27% against 3.13% for SCHD.
Holdings Overlap
FBCV and SCHD share 10 holdings out of 215 unique holdings combined, representing a 9.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FBCV or SCHD?
FBCV has an expense ratio of 0.57% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, FBCV or SCHD?
Over the past year FBCV returned +27.64% vs +30.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), FBCV annualized +14.43% vs +11.56% for SCHD. Past performance does not guarantee future results.
Which is riskier, FBCV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.6% for FBCV. Worst drawdown: FBCV -15.6% vs SCHD -33.4%.
Should I hold both FBCV and SCHD?
FBCV and SCHD have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FBCV and SCHD?
FBCV and SCHD share 10 common holdings with a 9.2% weight overlap. Combined, they hold 215 unique securities.
Which pays a higher dividend, FBCV or SCHD?
FBCV yields 1.27% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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