FSST vs SCHD
Fidelity Sustainable US Equity 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 104 holdings.
Side-by-Side Comparison
| Metric | FSST | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.06% | |
| AUM | $13M | $108.7B | |
| Dividend Yield | 1.55% | 3.13% | |
| Holdings | 90 | 104 | |
| YTD Return | +15.66% | +26.54% | |
| 1Y Return | +12.71% | +30.90% | |
| 3Y Return (annualized) | +19.45% | +16.29% | |
| 5Y Return (annualized) | - | +9.65% | |
| Volatility (annualized) | 17.4% | 13.6% | |
| Max Drawdown | -26.3% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 15, 2021 | Oct 20, 2011 |
FSST vs SCHD Performance
Fidelity Sustainable US Equity ETF (FSST) 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 FSST returned +12.71% while SCHD returned +30.90%. Year to date, FSST is up 15.66% versus a gain of 26.54% for SCHD.
Over three years, FSST compounded at +19.45% per year against +16.29% for SCHD. Across the full 4-year window we track, FSST has the edge at +11.54% annualized vs +11.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FSST has been the more volatile fund, with annualized monthly volatility of 17.4% 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 -26.3% for FSST 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
FSST charges 0.59% per year while SCHD charges 0.06%. On a $10,000 position that is $59 vs $6 annually, a gap of $53 per year that compounds over a long holding period. On income, FSST currently yields 1.55% against 3.13% for SCHD.
Holdings Overlap
FSST and SCHD share 3 holdings out of 191 unique holdings combined, representing a 2.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FSST or SCHD?
FSST has an expense ratio of 0.59% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, FSST or SCHD?
Over the past year FSST returned +12.71% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), FSST annualized +11.54% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, FSST or SCHD?
FSST has been the more volatile fund at 17.4% annualized versus 13.6% for SCHD. Worst drawdown: FSST -26.3% vs SCHD -33.4%.
Should I hold both FSST and SCHD?
FSST 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 FSST and SCHD?
FSST and SCHD share 3 common holdings with a 2.7% weight overlap. Combined, they hold 191 unique securities.
Which pays a higher dividend, FSST or SCHD?
FSST yields 1.55% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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