FLRG vs SCHD
Fidelity US Multifactor ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns.
Side-by-Side Comparison
| Metric | FLRG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $289M | $103.7B | |
| Dividend Yield | 1.38% | 3.31% | |
| Holdings | 105 | 104 | |
| YTD Return | +13.75% | +24.26% | |
| 1Y Return | +19.46% | +31.38% | |
| 3Y Return (annualized) | +19.37% | +15.08% | |
| 5Y Return (annualized) | +12.54% | +9.72% | |
| Volatility (annualized) | 13.8% | 13.6% | |
| Max Drawdown | -19.6% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 15, 2020 | Oct 20, 2011 |
FLRG vs SCHD Performance
Fidelity US Multifactor ETF (FLRG) 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 FLRG returned +19.46% while SCHD returned +31.38%. Year to date, FLRG is up 13.75% versus a gain of 24.26% for SCHD.
Over three years, FLRG compounded at +19.37% per year against +15.08% for SCHD; over five years the annualized figures are +12.54% and +9.72% respectively. Across the full 6-year window we track, FLRG has the edge at +15.62% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLRG has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 13.6% 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 -19.6% for FLRG 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FLRG 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, FLRG currently yields 1.38% against 3.31% for SCHD.
Holdings Overlap
FLRG and SCHD share 14 holdings out of 186 unique holdings combined, representing a 8.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLRG or SCHD?
FLRG has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FLRG or SCHD?
Over the past year FLRG returned +19.46% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), FLRG annualized +15.62% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FLRG or SCHD?
FLRG has been the more volatile fund at 13.8% annualized versus 13.6% for SCHD. Worst drawdown: FLRG -19.6% vs SCHD -33.4%.
Should I hold both FLRG and SCHD?
FLRG and SCHD have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLRG and SCHD?
FLRG and SCHD share 14 common holdings with a 8.9% weight overlap. Combined, they hold 186 unique securities.
Which pays a higher dividend, FLRG or SCHD?
FLRG yields 1.38% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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