FCPI vs SCHD
Fidelity Stocks for Inflation ETF vs Schwab US Dividend Equity ETF
Which is better, FCPI or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. FCPI led over 3Y, 5Y and the full window, SCHD over 1Y. FCPI is less concentrated, with 35.6% 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 | FCPI | SCHD |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $270M | $112.2B |
| Dividend Yield | 1.60% | 3.13% |
| Holdings | 105 | 103 |
| YTD Return | +15.30% | +28.59%Best |
| 1Y Return | +19.38% | +31.77%Best |
| 3Y Return (annualized) | +21.26%Best | +16.70% |
| 5Y Return (annualized) | +14.11%Best | +10.09% |
| Volatility (annualized) | 16.9% | 16.6%Best |
| Max Drawdown | -37.3% | -33.4%Best |
| $10,000 over 5 years | $19,347Best | $16,171 |
| Top 10 Weight | 35.6%Best | 41.5% |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 5, 2019 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2019 to Sep 3, 2026 (6.8 years).
FCPI 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 6.8 years both funds cover.
FCPI vs SCHD Performance
Fidelity Stocks for Inflation ETF (FCPI) is an ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FCPI returned +19.38% while SCHD returned +31.77%. Year to date, FCPI is up 15.30% versus a gain of 28.59% for SCHD.
Over three years, FCPI compounded at +21.26% per year against +16.70% for SCHD; over five years the annualized figures are +14.11% and +10.09% respectively. Across the full 7-year window we track, FCPI has the edge at +14.54% annualized vs +12.58%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FCPI has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 16.6% 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 -37.3% for FCPI 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FCPI charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, FCPI currently yields 1.60% against 3.13% for SCHD.
Holdings Overlap
10.9% of FCPI's money is in holdings SCHD also owns. 17.6% of SCHD's money is in holdings FCPI also owns.
SCHD and FCPI share little of their money.
11 positions in common, counted across the 100 positions we hold weights for in FCPI and 100 in SCHD, against full books of 105 and 103.
What only one of them owns
Our book lists 88 positions for SCHD that do not appear in our book for FCPI (82.3% of the fund), and 84 for FCPI that do not appear in SCHD (85.4%).
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.
Top Shared Holdings
| Stock | Weight in FCPI | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.72% | 4.26% | 2.54% |
| MOAltria Group Inc | 2.00% | 2.86% | 0.86% |
| BMYBristol-Myers Squibb Co. | 1.49% | 3.31% | 1.82% |
| APAApa Corp | 3.45% | 0.33% | 3.12% |
| QCOMQualcomm Inc. | 0.34% | 2.55% | 2.21% |
| CMCSAComcast Corp-class A Cmcsa | 0.12% | 2.26% | 2.14% |
| FFord Motor Co | 0.51% | 1.37% | 0.86% |
| MMacy'S Inc. | 0.50% | 0.17% | 0.33% |
| OZKBank Ozk | 0.49% | 0.13% | 0.36% |
| SWKSSkyworks Solutions Inc. | 0.17% | 0.27% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of FCPI 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, FCPI or SCHD?
FCPI has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, FCPI or SCHD?
Over the past year FCPI returned +19.38% vs +31.77% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), FCPI annualized +14.54% vs +12.58% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FCPI or SCHD?
FCPI has been the more volatile fund at 16.9% annualized versus 16.6% for SCHD. Worst drawdown: FCPI -37.3% vs SCHD -33.4%.
Should I hold both FCPI and SCHD?
FCPI and SCHD have a monthly-return correlation of 0.84, 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 FCPI and SCHD?
17.6% of SCHD's money is in holdings FCPI also owns. 17.6% of SCHD's is in holdings FCPI also owns. They hold 11 positions in common, counted across the 100 positions we hold weights for in FCPI and 100 in SCHD.
Which pays a higher dividend, FCPI or SCHD?
FCPI yields 1.60% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FCPI?
SCHD has a lower expense ratio. FCPI led over 3Y, 5Y and the full window, SCHD over 1Y. FCPI is less concentrated, with 35.6% 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.