FSEV vs SCHD
Fidelity Enhanced Small Cap Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. FSEV offers more diversification with 383 holdings.
Side-by-Side Comparison
| Metric | FSEV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.06% | |
| AUM | $7M | $108.7B | |
| Dividend Yield | 0.27% | 3.13% | |
| Holdings | 383 | 104 | |
| YTD Return | +9.78% | +26.54% | |
| 1Y Return | - | +30.90% | |
| 3Y Return (annualized) | - | +16.29% | |
| 5Y Return (annualized) | - | +9.65% | |
| Volatility (annualized) | - | 13.6% | |
| Max Drawdown | -4.2% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 28, 2026 | Oct 20, 2011 |
FSEV vs SCHD Performance
Fidelity Enhanced Small Cap Value ETF (FSEV) is a ETF from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Year to date, FSEV is up 9.78% versus a gain of 26.54% for SCHD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -4.2% for FSEV and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FSEV charges 0.28% per year while SCHD charges 0.06%. On a $10,000 position that is $28 vs $6 annually, a gap of $22 per year that compounds over a long holding period. On income, FSEV currently yields 0.27% against 3.13% for SCHD.
Holdings Overlap
FSEV and SCHD share 11 holdings out of 472 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FSEV or SCHD?
FSEV has an expense ratio of 0.28% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
What is the holdings overlap between FSEV and SCHD?
FSEV and SCHD share 11 common holdings with a 0.6% weight overlap. Combined, they hold 472 unique securities.
Which pays a higher dividend, FSEV or SCHD?
FSEV yields 0.27% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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