FDEV vs SCHD
Fidelity International Multifactor ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FDEV offers more diversification with 212 holdings.
Side-by-Side Comparison
| Metric | FDEV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $283M | $108.7B | |
| Dividend Yield | 2.94% | 3.13% | |
| Holdings | 212 | 104 | |
| YTD Return | +8.78% | +26.54% | |
| 1Y Return | +15.91% | +30.90% | |
| 3Y Return (annualized) | +16.60% | +16.29% | |
| 5Y Return (annualized) | +7.36% | +9.65% | |
| Volatility (annualized) | 13.9% | 13.6% | |
| Max Drawdown | -30.1% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Feb 26, 2019 | Oct 20, 2011 |
FDEV vs SCHD Performance
Fidelity International Multifactor ETF (FDEV) 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 FDEV returned +15.91% while SCHD returned +30.90%. Year to date, FDEV is up 8.78% versus a gain of 26.54% for SCHD.
Over three years, FDEV compounded at +16.60% per year against +16.29% for SCHD; over five years the annualized figures are +7.36% and +9.65% respectively. Across the full 8-year window we track, SCHD has the edge at +11.51% annualized vs +8.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDEV has been the more volatile fund, with annualized monthly volatility of 13.9% 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 -30.1% for FDEV 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDEV charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, FDEV currently yields 2.94% against 3.13% for SCHD.
Holdings Overlap
FDEV and SCHD share 0 holdings out of 300 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, FDEV or SCHD?
FDEV has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FDEV or SCHD?
Over the past year FDEV returned +15.91% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (8 years), FDEV annualized +8.41% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, FDEV or SCHD?
FDEV has been the more volatile fund at 13.9% annualized versus 13.6% for SCHD. Worst drawdown: FDEV -30.1% vs SCHD -33.4%.
Should I hold both FDEV and SCHD?
FDEV and SCHD have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDEV and SCHD?
FDEV and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 300 unique securities.
Which pays a higher dividend, FDEV or SCHD?
FDEV yields 2.94% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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