GRPZ vs SCHD
Invesco S&P SmallCap 600 GARP ETF vs Schwab US Dividend Equity ETF
Which is better, GRPZ or SCHD?
Small Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. GRPZ is less concentrated, with 18.6% of the fund in its ten largest positions against 41.5%.
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 | GRPZ | SCHD |
|---|---|---|
| Expense Ratio | 0.35% | 0.06%Best |
| AUM | $3M | $112.2B |
| Dividend Yield | 0.88% | 3.13% |
| Holdings | 92 | 103 |
| YTD Return | +23.93% | +27.56%Best |
| 1Y Return | +22.50% | +30.29%Best |
| 3Y Return (annualized) | - | +16.37% |
| 5Y Return (annualized) | - | +10.23% |
| Volatility (annualized) | 18.5% | 13.0%Best |
| Max Drawdown | -27.9% | -16.1%Best |
| $10,000 over 2.4 years | $13,338 | $14,067Best |
| Top 10 Weight | 18.6%Best | 41.5% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Mar 27, 2024 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Mar 27, 2024 to Sep 4, 2026 (2.4 years).
GRPZ vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
GRPZ vs SCHD Performance
Invesco S&P SmallCap 600 GARP ETF (GRPZ) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year GRPZ returned +22.50% while SCHD returned +30.29%. Year to date, GRPZ is up 23.93% versus a gain of 27.56% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GRPZ has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 13.0% 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 -27.9% for GRPZ and -16.1% 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 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GRPZ charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, GRPZ currently yields 0.88% against 3.13% for SCHD.
Holdings Overlap
4.0% of GRPZ's money is in holdings SCHD also owns. 0.3% of SCHD's money is in holdings GRPZ also owns.
GRPZ and SCHD share little of their money.
4 positions in common, counted across the 89 positions we hold weights for in GRPZ and 100 in SCHD, against full books of 92 and 103.
What only one of them owns
Our book lists 94 positions for SCHD that do not appear in our book for GRPZ (99.4% of the fund), and 83 for GRPZ that do not appear in SCHD (93.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of GRPZ 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, GRPZ or SCHD?
GRPZ has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, GRPZ or SCHD?
Over the past year GRPZ returned +22.50% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), GRPZ annualized +12.75% vs +15.28% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GRPZ or SCHD?
GRPZ has been the more volatile fund at 18.5% annualized versus 13.0% for SCHD. Worst drawdown: GRPZ -27.9% vs SCHD -16.1%.
Should I hold both GRPZ and SCHD?
GRPZ and SCHD have a monthly-return correlation of 0.62, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GRPZ and SCHD?
4.0% of GRPZ's money is in holdings SCHD also owns. 0.3% of SCHD's is in holdings GRPZ also owns. They hold 4 positions in common, counted across the 89 positions we hold weights for in GRPZ and 100 in SCHD.
Which pays a higher dividend, GRPZ or SCHD?
GRPZ yields 0.88% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than GRPZ?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. GRPZ is less concentrated, with 18.6% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.