FDLO vs SCHD
FDLO vs SCHD
Fidelity Low Volatility Factor ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FDLO offers more diversification with 125 holdings.
Side-by-Side Comparison
| Metric | FDLO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $1.4B | $103.7B | |
| Dividend Yield | 1.44% | 3.31% | |
| Holdings | 130 | 104 | |
| YTD Return | +10.97% | +24.26% | |
| 1Y Return | +17.67% | +31.38% | |
| 3Y Return (annualized) | +15.00% | +15.08% | |
| 5Y Return (annualized) | +10.04% | +9.72% | |
| Volatility (annualized) | 13.4% | 13.6% | |
| Max Drawdown | -34.7% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | Oct 20, 2011 |
FDLO vs SCHD Performance
Fidelity Low Volatility Factor ETF (FDLO) 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 FDLO returned +17.67% while SCHD returned +31.38%. Year to date, FDLO is up 10.97% versus a gain of 24.26% for SCHD.
Over three years, FDLO compounded at +15.00% per year against +15.08% for SCHD; over five years the annualized figures are +10.04% and +9.72% respectively. Across the full 10-year window we track, FDLO has the edge at +12.36% annualized vs +11.39%. 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 13.4% for FDLO. 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 -34.7% for FDLO 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDLO 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, FDLO currently yields 1.44% against 3.31% for SCHD.
Holdings Overlap
FDLO and SCHD share 22 holdings out of 203 unique holdings combined, representing a 14.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FDLO | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 1.27% | 4.54% | 3.27% |
| TXN | 1.91% | 3.70% | 1.79% |
| MRK | 0.99% | 4.32% | 3.33% |
| HD | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
See all 10 holdings FDLO shares with SCHD Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, FDLO or SCHD?
FDLO has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FDLO or SCHD?
Over the past year FDLO returned +17.67% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), FDLO annualized +12.36% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FDLO or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.4% for FDLO. Worst drawdown: FDLO -34.7% vs SCHD -33.4%.
Should I hold both FDLO and SCHD?
FDLO and SCHD have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDLO and SCHD?
FDLO and SCHD share 22 common holdings with a 14.3% weight overlap. Combined, they hold 203 unique securities.
Which pays a higher dividend, FDLO or SCHD?
FDLO yields 1.44% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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