FZFXX vs SCHD
Fidelity Treasury Money Market Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. FZFXX offers more diversification with 170 holdings.
Side-by-Side Comparison
| Metric | FZFXX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.06% | |
| AUM | $41.6B | $108.7B | |
| Dividend Yield | 3.17% | 3.13% | |
| Holdings | 170 | 104 | |
| YTD Return | +0.00% | +28.70% | |
| 1Y Return | - | +31.07% | |
| 3Y Return (annualized) | - | +16.88% | |
| 5Y Return (annualized) | - | +10.20% | |
| Volatility (annualized) | - | 13.7% | |
| Max Drawdown | 0.0% | -33.4% | |
| Fund Family | Fidelity Investments (US) | Charles Schwab Asset Management | |
| Category | Money Market | Equity | |
| Inception | Apr 6, 2015 | Oct 20, 2011 |
FZFXX vs SCHD Performance
Fidelity Treasury Money Market Fund (FZFXX) is a mutual fund from Fidelity Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Year to date, FZFXX is up 0.00% versus a gain of 28.70% for SCHD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was 0.0% for FZFXX 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
FZFXX charges 0.42% per year while SCHD charges 0.06%. On a $10,000 position that is $42 vs $6 annually, a gap of $36 per year that compounds over a long holding period. On income, FZFXX currently yields 3.17% against 3.13% for SCHD.
Holdings Overlap
FZFXX and SCHD share 0 holdings out of 148 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, FZFXX or SCHD?
FZFXX has an expense ratio of 0.42% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
What is the holdings overlap between FZFXX and SCHD?
FZFXX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 148 unique securities.
Which pays a higher dividend, FZFXX or SCHD?
FZFXX yields 3.17% while SCHD yields 3.13%, so FZFXX currently pays the higher dividend yield.
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