FLTR vs SCHD
VanEck IG Floating Rate ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FLTR offers more diversification with 454 holdings.
Side-by-Side Comparison
| Metric | FLTR | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 0.06% | |
| AUM | $2.9B | $108.7B | |
| Dividend Yield | 4.63% | 3.13% | |
| Holdings | 454 | 104 | |
| YTD Return | +2.78% | +26.54% | |
| 1Y Return | +4.85% | +30.90% | |
| 3Y Return (annualized) | +5.93% | +16.29% | |
| 5Y Return (annualized) | +4.65% | +9.65% | |
| Volatility (annualized) | 13.2% | 13.6% | |
| Max Drawdown | -58.9% | -33.4% | |
| Fund Family | VanEck | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 25, 2011 | Oct 20, 2011 |
FLTR vs SCHD Performance
VanEck IG Floating Rate ETF (FLTR) is a ETF from VanEck and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FLTR returned +4.85% while SCHD returned +30.90%. Year to date, FLTR is up 2.78% versus a gain of 26.54% for SCHD.
Over three years, FLTR compounded at +5.93% per year against +16.29% for SCHD; over five years the annualized figures are +4.65% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs -2.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.2% for FLTR. 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 -58.9% for FLTR 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLTR charges 0.14% per year while SCHD charges 0.06%. On a $10,000 position that is $14 vs $6 annually, a gap of $8 per year that compounds over a long holding period. On income, FLTR currently yields 4.63% against 3.13% for SCHD.
Holdings Overlap
FLTR and SCHD share 0 holdings out of 353 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLTR or SCHD?
FLTR has an expense ratio of 0.14% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $8 per year of difference.
Which performed better, FLTR or SCHD?
Over the past year FLTR returned +4.85% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), FLTR annualized -2.86% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, FLTR or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.2% for FLTR. Worst drawdown: FLTR -58.9% vs SCHD -33.4%.
Should I hold both FLTR and SCHD?
FLTR and SCHD have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLTR and SCHD?
FLTR and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 353 unique securities.
Which pays a higher dividend, FLTR or SCHD?
FLTR yields 4.63% while SCHD yields 3.13%, so FLTR currently pays the higher dividend yield.
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