FVAL vs SCHD
FVAL vs SCHD
Fidelity Value Factor ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. FVAL offers more diversification with 126 holdings.
Side-by-Side Comparison
| Metric | FVAL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.06% | |
| AUM | $1.3B | $103.7B | |
| Dividend Yield | 1.61% | 3.31% | |
| Holdings | 129 | 104 | |
| YTD Return | +15.81% | +24.26% | |
| 1Y Return | +30.64% | +31.38% | |
| 3Y Return (annualized) | +20.40% | +15.08% | |
| 5Y Return (annualized) | +13.02% | +9.72% | |
| Volatility (annualized) | 16.4% | 13.6% | |
| Max Drawdown | -37.7% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 12, 2016 | Oct 20, 2011 |
FVAL vs SCHD Performance
Fidelity Value Factor ETF (FVAL) 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 FVAL returned +30.64% while SCHD returned +31.38%. Year to date, FVAL is up 15.81% versus a gain of 24.26% for SCHD.
Over three years, FVAL compounded at +20.40% per year against +15.08% for SCHD; over five years the annualized figures are +13.02% and +9.72% respectively. Across the full 10-year window we track, FVAL has the edge at +13.90% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FVAL has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -37.7% for FVAL 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FVAL charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, FVAL currently yields 1.61% against 3.31% for SCHD.
Holdings Overlap
FVAL and SCHD share 24 holdings out of 202 unique holdings combined, representing a 12.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FVAL | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 1.22% | 4.54% | 3.32% |
| MRK | 0.95% | 4.32% | 3.37% |
| HD | 0.99% | 4.16% | 3.17% |
| PG | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| COP | Pro | Pro | Pro |
| BMY | Pro | Pro | Pro |
| QCOM | Pro | Pro | Pro |
| MO | Pro | Pro | Pro |
See all 10 holdings FVAL shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, FVAL or SCHD?
FVAL has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, FVAL or SCHD?
Over the past year FVAL returned +30.64% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), FVAL annualized +13.90% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, FVAL or SCHD?
FVAL has been the more volatile fund at 16.4% annualized versus 13.6% for SCHD. Worst drawdown: FVAL -37.7% vs SCHD -33.4%.
Should I hold both FVAL and SCHD?
FVAL and SCHD have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FVAL and SCHD?
FVAL and SCHD share 24 common holdings with a 12.7% weight overlap. Combined, they hold 202 unique securities.
Which pays a higher dividend, FVAL or SCHD?
FVAL yields 1.61% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.