FLV vs SCHD
FLV vs SCHD
American Century Focused Large Cap Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | FLV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.06% | |
| AUM | $364M | $103.7B | |
| Dividend Yield | 1.59% | 3.31% | |
| Holdings | 50 | 104 | |
| YTD Return | +15.68% | +24.26% | |
| 1Y Return | +23.57% | +31.38% | |
| 3Y Return (annualized) | +15.86% | +15.08% | |
| 5Y Return (annualized) | +10.30% | +9.72% | |
| Volatility (annualized) | 13.3% | 13.6% | |
| Max Drawdown | -15.1% | -33.4% | |
| Fund Family | American Century ETFs | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 31, 2020 | Oct 20, 2011 |
FLV vs SCHD Performance
American Century Focused Large Cap Value ETF (FLV) is a ETF from American Century ETFs and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FLV returned +23.57% while SCHD returned +31.38%. Year to date, FLV is up 15.68% versus a gain of 24.26% for SCHD.
Over three years, FLV compounded at +15.86% per year against +15.08% for SCHD; over five years the annualized figures are +10.30% and +9.72% respectively. Across the full 6-year window we track, FLV has the edge at +16.01% annualized vs +11.39%. 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 13.3% for FLV. 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 -15.1% for FLV 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLV charges 0.42% per year while SCHD charges 0.06%. On a $10,000 position that is $42 vs $6 annually, a gap of $36 per year that compounds over a long holding period. On income, FLV currently yields 1.59% against 3.31% for SCHD.
Holdings Overlap
FLV and SCHD share 8 holdings out of 144 unique holdings combined, representing a 11.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FLV | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 2.22% | 4.54% | 2.32% |
| CVX | 2.22% | 3.95% | 1.73% |
| PEP | 2.04% | 3.72% | 1.68% |
| OKE | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| QCOM | Pro | Pro | Pro |
| KMB | Pro | Pro | Pro |
| TGT | Pro | Pro | Pro |
See all 8 holdings FLV shares with SCHD Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, FLV or SCHD?
FLV has an expense ratio of 0.42% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, FLV or SCHD?
Over the past year FLV returned +23.57% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), FLV annualized +16.01% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FLV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.3% for FLV. Worst drawdown: FLV -15.1% vs SCHD -33.4%.
Should I hold both FLV and SCHD?
FLV and SCHD have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FLV and SCHD?
FLV and SCHD share 8 common holdings with a 11.4% weight overlap. Combined, they hold 144 unique securities.
Which pays a higher dividend, FLV or SCHD?
FLV yields 1.59% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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