FLC vs SCHD
Flaherty & Crumrine Total Return Fund vs Schwab US Dividend Equity ETF
Which is better, FLC or SCHD?
Preferred Stock against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
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 | FLC | SCHD |
|---|---|---|
| Expense Ratio | 1.64% | 0.06%Best |
| AUM | $192M | $112.1B |
| Dividend Yield | 6.88% | 3.00% |
| Holdings | 257 | 103 |
| YTD Return | -3.58% | +23.46%Best |
| 1Y Return | -3.05% | +27.20%Best |
| 3Y Return (annualized) | +13.05% | +15.41%Best |
| 5Y Return (annualized) | -0.67% | +10.16%Best |
| Volatility (annualized) | 14.8% | 13.7%Best |
| Max Drawdown | -55.5% | -33.4%Best |
| $10,000 over 5 years | $9,669 | $16,223Best |
| Fund Family | Flaherty & Crumrine | Charles Schwab Asset Management |
| Category | Allocation/Balanced | Equity |
| Style | Preferred Stock | Large Cap Value |
| Inception | Aug 29, 2003 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 18, 2026 (14.9 years).
FLC 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.
FLC vs SCHD Performance
Flaherty & Crumrine Total Return Fund (FLC) is an ETF from Flaherty & Crumrine and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FLC returned -3.05% while SCHD returned +27.20%. Year to date, FLC is down 3.58% versus a gain of 23.46% for SCHD.
Over three years, FLC compounded at +13.05% per year against +15.41% for SCHD; over five years the annualized figures are -0.67% and +10.16% respectively. Across the full 15-year window we track, SCHD has the edge at +11.25% annualized vs +2.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLC has been the more volatile fund, with annualized monthly volatility of 14.8% 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 -55.5% for FLC 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 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FLC charges 1.64% per year while SCHD charges 0.06%. On a $10,000 position that is $164 vs $6 annually, a gap of $158 per year that compounds over a long holding period. On income, FLC currently yields 6.88% against 3.00% for SCHD.
Holdings Overlap
At least 1.2% of SCHD's money is in holdings FLC also owns.
Stated as a floor: for FLC, our book for it covers 79.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and FLC share little of their money.
The two holdings books were reported 92 days apart, FLC as of May 31, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 211 positions we hold weights for in FLC and 100 in SCHD, against full books of 257 and 103.
Top Shared Holdings
| Stock | Weight in FLC | Weight in SCHD | Difference |
|---|---|---|---|
| FITBFifth Third Bancorp | 1.20% | 1.19% | 0.01% |
You are not choosing between two funds in isolation.
Whichever of FLC 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, FLC or SCHD?
FLC has an expense ratio of 1.64% while SCHD charges 0.06%. SCHD is the cheaper option, by $158 a year on a $10,000 investment.
Which performed better, FLC or SCHD?
Over the past year FLC returned -3.05% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), FLC annualized +2.25% vs +11.25% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLC or SCHD?
FLC has been the more volatile fund at 14.8% annualized versus 13.7% for SCHD. Worst drawdown: FLC -55.5% vs SCHD -33.4%.
Should I hold both FLC and SCHD?
FLC and SCHD have a monthly-return correlation of 0.55, 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 FLC and SCHD?
At least 1.2% of SCHD's money is in holdings FLC also owns. Our book for FLC is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 211 positions we hold weights for in FLC and 100 in SCHD.
Which pays a higher dividend, FLC or SCHD?
FLC yields 6.88% while SCHD yields 3.00%, so FLC currently pays the higher dividend yield.
Is SCHD better than FLC?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.