GBXA vs SCHD
Goldman Sachs US Large Cap Buffer 1 ETF vs Schwab US Dividend Equity ETF
Which is better, GBXA or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GBXA | SCHD |
|---|---|---|
| Expense Ratio | 0.50% | 0.06%Best |
| AUM | $7M | $112.1B |
| Dividend Yield | 0.34% | 3.00% |
| Holdings | 6 | 103 |
| Volatility (annualized) | 8.9%Best | 14.4% |
| Max Drawdown | -12.3%Best | -14.0% |
| $10,000 over 1.2 years | $10,407 | $11,732Best |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management |
| Category | Alternative | Equity |
| Style | - | Large Cap Value |
| Inception | Dec 30, 2024 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 171 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. GBXA has data through Mar 31, 2026 and SCHD through Sep 18, 2026.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jan 2, 2025 to Mar 31, 2026 (1.2 years).
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 8.9% for GBXA. 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 -12.3% for GBXA and -14.0% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.25. They move largely independently of each other.
Fees and Cost Over Time
GBXA charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, GBXA currently yields 0.34% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 1 holding in GBXA and 100 in SCHD, totalling 99.9% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 243 days apart, GBXA as of Dec 31, 2025 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in GBXA and 100 in SCHD, against full books of 6 and 103.
You are not choosing between two funds in isolation.
Whichever of GBXA and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GBXA or SCHD?
GBXA has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option, by $44 a year on a $10,000 investment.
Which is riskier, GBXA or SCHD?
SCHD has been the more volatile fund at 14.4% annualized versus 8.9% for GBXA. Worst drawdown: GBXA -12.3% vs SCHD -14.0%.
Should I hold both GBXA and SCHD?
GBXA and SCHD have a monthly-return correlation of 0.25, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GBXA or SCHD?
GBXA yields 0.34% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than GBXA?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.