FFLC vs SCHD
Fidelity Fundamental Large Cap Core ETF vs Schwab US Dividend Equity ETF
Which is better, FFLC or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. FFLC led over 3Y, 5Y and the full window, SCHD over 1Y. FFLC is less concentrated, with 41.5% of the fund in its ten largest positions against 41.8%.
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 | FFLC | SCHD |
|---|---|---|
| Expense Ratio | 0.38% | 0.06%Best |
| AUM | $1.2B | $112.1B |
| Dividend Yield | 0.97% | 3.00% |
| Holdings | 108 | 103 |
| YTD Return | +9.68% | +25.84%Best |
| 1Y Return | +13.93% | +30.18%Best |
| 3Y Return (annualized) | +21.38%Best | +16.08% |
| 5Y Return (annualized) | +16.20%Best | +9.97% |
| Volatility (annualized) | 15.9% | 15.1%Best |
| Max Drawdown | -19.7% | -16.9%Best |
| $10,000 over 5 years | $21,185Best | $16,083 |
| Top 10 Weight | 41.5%Best | 41.8% |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 2, 2020 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Jun 4, 2020 to Sep 15, 2026 (6.3 years).
FFLC 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 6.3 years both funds cover.
FFLC vs SCHD Performance
Fidelity Fundamental Large Cap Core ETF (FFLC) 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 FFLC returned +13.93% while SCHD returned +30.18%. Year to date, FFLC is up 9.68% versus a gain of 25.84% for SCHD.
Over three years, FFLC compounded at +21.38% per year against +16.08% for SCHD; over five years the annualized figures are +16.20% and +9.97% respectively. Across the full 6-year window we track, FFLC has the edge at +19.39% annualized vs +14.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FFLC has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 15.1% 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 -19.7% for FFLC and -16.9% 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FFLC charges 0.38% per year while SCHD charges 0.06%. On a $10,000 position that is $38 vs $6 annually, a gap of $32 per year that compounds over a long holding period. On income, FFLC currently yields 0.97% against 3.00% for SCHD.
Holdings Overlap
5.0% of FFLC's money is in holdings SCHD also owns. 21.3% of SCHD's money is in holdings FFLC also owns.
SCHD and FFLC share little of their money.
8 positions in common, counted across the 108 positions we hold weights for in FFLC and 100 in SCHD, against full books of 108 and 103.
What only one of them owns
Our book lists 91 positions for SCHD that do not appear in our book for FFLC (78.6% of the fund), and 88 for FFLC that do not appear in SCHD (86.8%).
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 FFLC | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.69% | 4.77% | 4.08% |
| UNHUnitedhealth Group Incorporated | 1.22% | 3.82% | 2.60% |
| KOCoca Cola Co. | 0.74% | 4.17% | 3.43% |
| HDHome Depot Inc/The | 0.80% | 3.88% | 3.08% |
| UPSUnited Parcel Service, Inc | 0.73% | 1.90% | 1.17% |
| TGTTarget Corp Common Stock Usd.0833 | 0.41% | 1.78% | 1.37% |
| KMBKimberly-Clark Corp. | 0.15% | 0.87% | 0.72% |
| MTNVail Resorts Inc. | 0.29% | 0.12% | 0.17% |
21.3% of SCHD is already inside FFLC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FFLC or SCHD?
FFLC has an expense ratio of 0.38% while SCHD charges 0.06%. SCHD is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, FFLC or SCHD?
Over the past year FFLC returned +13.93% vs +30.18% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), FFLC annualized +19.39% vs +14.19% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FFLC or SCHD?
FFLC has been the more volatile fund at 15.9% annualized versus 15.1% for SCHD. Worst drawdown: FFLC -19.7% vs SCHD -16.9%.
Should I hold both FFLC and SCHD?
FFLC and SCHD have a monthly-return correlation of 0.78, 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 FFLC and SCHD?
21.3% of SCHD's money is in holdings FFLC also owns. 21.3% of SCHD's is in holdings FFLC also owns. They hold 8 positions in common, counted across the 108 positions we hold weights for in FFLC and 100 in SCHD.
Which pays a higher dividend, FFLC or SCHD?
FFLC yields 0.97% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than FFLC?
SCHD has a lower expense ratio. FFLC led over 3Y, 5Y and the full window, SCHD over 1Y. FFLC is less concentrated, with 41.5% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.