FLCB vs SCHD
Franklin US Core Bond ETF vs Schwab US Dividend Equity ETF
Which is better, FLCB or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. FLCB is less concentrated, with 37.8% 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 | FLCB | SCHD |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $3.2B | $119.9B |
| Dividend Yield | 4.47% | 2.96% |
| Holdings | 959 | 204 |
| YTD Return | -0.42% | +29.95%Best |
| 1Y Return | -0.16% | +37.26%Best |
| 3Y Return (annualized) | +4.72% | +19.10%Best |
| 5Y Return (annualized) | -0.32% | +9.87%Best |
| Volatility (annualized) | 5.7%Best | 16.8% |
| Max Drawdown | -20.4%Best | -33.4% |
| $10,000 over 5 years | $9,841 | $16,010Best |
| Top 10 Weight | 37.8%Best | 41.8% |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Value |
| Inception | Sep 17, 2019 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Sep 19, 2019 to Nov 6, 2026 (7.1 years).
FLCB 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 7.1 years both funds cover.
FLCB vs SCHD Performance
Franklin US Core Bond ETF (FLCB) is an ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year FLCB returned -0.16% while SCHD returned +37.26%. Year to date, FLCB is down 0.42% versus a gain of 29.95% for SCHD.
Over three years, FLCB compounded at +4.72% per year against +19.10% for SCHD; over five years the annualized figures are -0.32% and +9.87% respectively. Across the full 7-year window we track, SCHD has the edge at +12.65% annualized vs +0.18%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 5.7% for FLCB. 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 -20.4% for FLCB 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 0.46. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FLCB 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, FLCB currently yields 4.47% against 2.96% for SCHD.
Holdings Overlap
13.4% of FLCB's money is in holdings SCHD also owns. 88.4% of SCHD's money is in holdings FLCB also owns.
Most of SCHD is already inside FLCB. Owning both mostly buys the same companies twice.
41 positions in common, counted across the 285 positions we hold weights for in FLCB and 98 in SCHD, against full books of 959 and 204.
What only one of them owns
Our book lists 56 positions for SCHD that do not appear in our book for FLCB (11.3% of the fund), and 237 for FLCB that do not appear in SCHD (84.8%).
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 FLCB | Weight in SCHD | Difference |
|---|---|---|---|
| CVXChevron Corp | 1.02% | 4.32% | 3.30% |
| TXNTexas Instrument Inc | 0.65% | 4.53% | 3.88% |
| PGProcter & Gamble Company | 0.57% | 4.36% | 3.79% |
| KOCoca Cola Co. | 0.53% | 4.28% | 3.75% |
| HDHome Depot Inc | 0.84% | 3.82% | 2.98% |
| MRKMerck & Company Inc | 0.66% | 4.00% | 3.34% |
| UNHUnitedhealth Group Incorporated | 0.58% | 4.07% | 3.49% |
| QCOMQualcomm Inc. | 0.42% | 4.18% | 3.76% |
| COPConocophillips Common Stock USD 0.01 | 0.23% | 4.27% | 4.04% |
| AMGNAmgen Inc. | 0.49% | 3.96% | 3.47% |
88.4% of SCHD is already inside FLCB.
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, FLCB or SCHD?
FLCB has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, FLCB or SCHD?
Over the past year FLCB returned -0.16% vs +37.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), FLCB annualized +0.18% vs +12.65% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLCB or SCHD?
SCHD has been the more volatile fund at 16.8% annualized versus 5.7% for FLCB. Worst drawdown: FLCB -20.4% vs SCHD -33.4%.
Should I hold both FLCB and SCHD?
FLCB and SCHD have a monthly-return correlation of 0.46, 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 FLCB and SCHD?
88.4% of SCHD's money is in holdings FLCB also owns. 88.4% of SCHD's is in holdings FLCB also owns. They hold 41 positions in common, counted across the 285 positions we hold weights for in FLCB and 98 in SCHD.
Which pays a higher dividend, FLCB or SCHD?
FLCB yields 4.47% while SCHD yields 2.96%, so FLCB currently pays the higher dividend yield.
Is SCHD better than FLCB?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. FLCB is less concentrated, with 37.8% 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.