FOF vs SCHD
Cohen & Steers Closed-End Opportunity Fund Inc. vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FOF offers more diversification with 106 holdings.
Side-by-Side Comparison
| Metric | FOF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | |
| AUM | - | $108.7B | |
| Dividend Yield | 7.76% | 3.13% | |
| Holdings | 106 | 104 | |
| YTD Return | +7.63% | +28.70% | |
| 1Y Return | +12.33% | +32.27% | |
| 3Y Return (annualized) | +17.55% | +17.27% | |
| 5Y Return (annualized) | +7.06% | +10.23% | |
| Volatility (annualized) | 17.9% | 13.7% | |
| Max Drawdown | -66.8% | -33.4% | |
| Fund Family | Cohen & Steers Funds | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Nov 20, 2006 | Oct 20, 2011 |
FOF vs SCHD Performance
Cohen & Steers Closed-End Opportunity Fund Inc. (FOF) is a ETF from Cohen & Steers Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FOF returned +12.33% while SCHD returned +32.27%. Year to date, FOF is up 7.63% versus a gain of 28.70% for SCHD.
Over three years, FOF compounded at +17.55% per year against +17.27% for SCHD; over five years the annualized figures are +7.06% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.63% annualized vs +0.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FOF has been the more volatile fund, with annualized monthly volatility of 17.9% 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 -66.8% for FOF 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FOF charges 0.95% per year while SCHD charges 0.06%. On a $10,000 position that is $95 vs $6 annually, a gap of $89 per year that compounds over a long holding period. On income, FOF currently yields 7.76% against 3.13% for SCHD.
Holdings Overlap
FOF and SCHD share 0 holdings out of 191 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, FOF or SCHD?
FOF has an expense ratio of 0.95% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, FOF or SCHD?
Over the past year FOF returned +12.33% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), FOF annualized +0.38% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, FOF or SCHD?
FOF has been the more volatile fund at 17.9% annualized versus 13.7% for SCHD. Worst drawdown: FOF -66.8% vs SCHD -33.4%.
Should I hold both FOF and SCHD?
FOF and SCHD have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FOF and SCHD?
FOF and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 191 unique securities.
Which pays a higher dividend, FOF or SCHD?
FOF yields 7.76% while SCHD yields 3.13%, so FOF currently pays the higher dividend yield.
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