FEAC vs SCHD
FEAC vs SCHD
Fidelity Enhanced US All-Cap Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FEAC offers more diversification with 401 holdings.
Side-by-Side Comparison
| Metric | FEAC | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $26M | $103.7B | |
| Dividend Yield | 0.77% | 3.31% | |
| Holdings | 454 | 104 | |
| YTD Return | +16.16% | +24.26% | |
| 1Y Return | +27.54% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 13.0% | 13.6% | |
| Max Drawdown | -19.0% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 19, 2024 | Oct 20, 2011 |
FEAC vs SCHD Performance
Fidelity Enhanced US All-Cap Equity ETF (FEAC) 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 FEAC returned +27.54% while SCHD returned +31.38%. Year to date, FEAC is up 16.16% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.0% for FEAC. 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 -19.0% for FEAC 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FEAC 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, FEAC currently yields 0.77% against 3.31% for SCHD.
Holdings Overlap
FEAC and SCHD share 12 holdings out of 489 unique holdings combined, representing a 5.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FEAC | Weight in SCHD | Difference |
|---|---|---|---|
| ABT | 0.61% | 4.49% | 3.88% |
| COP | 0.97% | 3.70% | 2.73% |
| MRK | 0.27% | 4.32% | 4.05% |
| VZ | Pro | Pro | Pro |
| BMY | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| QCOM | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
| UPS | Pro | Pro | Pro |
| F | Pro | Pro | Pro |
See all 10 holdings FEAC shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FEAC or SCHD?
FEAC 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, FEAC or SCHD?
Over the past year FEAC returned +27.54% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), FEAC annualized +19.18% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FEAC or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.0% for FEAC. Worst drawdown: FEAC -19.0% vs SCHD -33.4%.
Should I hold both FEAC and SCHD?
FEAC and SCHD have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FEAC and SCHD?
FEAC and SCHD share 12 common holdings with a 5.7% weight overlap. Combined, they hold 489 unique securities.
Which pays a higher dividend, FEAC or SCHD?
FEAC yields 0.77% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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