FEZ vs SCHD
State Street SPDR EURO STOXX 50 ETF vs Schwab US Dividend Equity ETF
Which is better, FEZ or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. FEZ led over 3Y and 5Y, SCHD over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.0%.
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 | FEZ | SCHD |
|---|---|---|
| Expense Ratio | 0.29% | 0.06%Best |
| AUM | $4.4B | $112.1B |
| Dividend Yield | 2.56% | 3.00% |
| Holdings | 56 | 103 |
| YTD Return | +6.19% | +21.33%Best |
| 1Y Return | +14.45% | +25.15%Best |
| 3Y Return (annualized) | +20.37%Best | +15.43% |
| 5Y Return (annualized) | +10.86%Best | +9.32% |
| Volatility (annualized) | 18.7% | 13.7%Best |
| Max Drawdown | -44.1% | -33.4%Best |
| $10,000 over 5 years | $16,745Best | $15,613 |
| Top 10 Weight | 42.0% | 41.8%Best |
| Fund Family | SPDR State Street Global Advisors | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 15, 2002 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 24, 2026 (14.9 years).
FEZ 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 14.9 years both funds cover.
FEZ vs SCHD Performance
State Street SPDR EURO STOXX 50 ETF (FEZ) is an ETF from SPDR State Street Global Advisors and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FEZ returned +14.45% while SCHD returned +25.15%. Year to date, FEZ is up 6.19% versus a gain of 21.33% for SCHD.
Over three years, FEZ compounded at +20.37% per year against +15.43% for SCHD; over five years the annualized figures are +10.86% and +9.32% respectively. Across the full 15-year window we track, SCHD has the edge at +11.11% annualized vs +6.58%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FEZ has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 13.7% 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 -44.1% for FEZ 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FEZ charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, FEZ currently yields 2.56% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 50 holdings in FEZ and 100 in SCHD, totalling 97.6% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 50 positions we hold weights for in FEZ and 100 in SCHD, against full books of 56 and 103.
What only one of them owns
Our book lists 99 positions for SCHD that do not appear in our book for FEZ (99.9% of the fund), and 4 for FEZ that do not appear in SCHD (8.1%).
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.
You are not choosing between two funds in isolation.
Whichever of FEZ 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, FEZ or SCHD?
FEZ has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, FEZ or SCHD?
Over the past year FEZ returned +14.45% vs +25.15% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), FEZ annualized +6.58% vs +11.11% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FEZ or SCHD?
FEZ has been the more volatile fund at 18.7% annualized versus 13.7% for SCHD. Worst drawdown: FEZ -44.1% vs SCHD -33.4%.
Should I hold both FEZ and SCHD?
FEZ and SCHD have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FEZ or SCHD?
FEZ yields 2.56% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FEZ?
SCHD has a lower expense ratio. FEZ led over 3Y and 5Y, SCHD over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.