FXF vs SCHD

Quick Verdict

SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.

Lower Fees: SCHDHigher Returns: SCHDMore Diversified: SCHD

Side-by-Side Comparison

MetricFXFSCHDWinner
Expense Ratio0.40%0.06%
AUM$398M$103.7B
Dividend Yield0.00%3.31%
Holdings1104
YTD Return-2.21%+24.26%
1Y Return-0.64%+31.38%
3Y Return (annualized)+2.41%+15.08%
5Y Return (annualized)+2.12%+9.72%
Volatility (annualized)9.8%13.6%
Max Drawdown-35.6%-33.4%
Fund FamilyInvesco (US)Charles Schwab Asset Management
CategoryAlternativeEquity
InceptionJun 21, 2006Oct 20, 2011

FXF vs SCHD Performance

Invesco CurrencyShares Swiss Franc Trust (FXF) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year FXF returned -0.64% while SCHD returned +31.38%. Year to date, FXF is down 2.21% versus a gain of 24.26% for SCHD.

Over three years, FXF compounded at +2.41% per year against +15.08% for SCHD; over five years the annualized figures are +2.12% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +1.67%. 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 9.8% for FXF. 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 -35.6% for FXF 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 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

FXF charges 0.40% per year while SCHD charges 0.06%. On a $10,000 position that is $40 vs $6 annually, a gap of $34 per year that compounds over a long holding period. On income, FXF currently yields 0.00% against 3.31% for SCHD.

Frequently Asked Questions

Which is cheaper, FXF or SCHD?

FXF has an expense ratio of 0.40% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $34 per year of difference.

Which performed better, FXF or SCHD?

Over the past year FXF returned -0.64% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), FXF annualized +1.67% vs +11.39% for SCHD. Past performance does not guarantee future results.

Which is riskier, FXF or SCHD?

SCHD has been the more volatile fund at 13.6% annualized versus 9.8% for FXF. Worst drawdown: FXF -35.6% vs SCHD -33.4%.

Should I hold both FXF and SCHD?

FXF and SCHD have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, FXF or SCHD?

FXF yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.

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