GRPZ vs SCHD
Invesco S&P SmallCap 600 GARP ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | GRPZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $3M | $103.7B | |
| Dividend Yield | 0.90% | 3.31% | |
| Holdings | 90 | 104 | |
| YTD Return | +24.88% | +25.58% | |
| 1Y Return | +27.30% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 18.9% | 13.6% | |
| Max Drawdown | -27.9% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 27, 2024 | Oct 20, 2011 |
GRPZ vs SCHD Performance
Invesco S&P SmallCap 600 GARP ETF (GRPZ) 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 GRPZ returned +27.30% while SCHD returned +31.06%. Year to date, GRPZ is up 24.88% versus a gain of 25.58% for SCHD.
Risk: Volatility and Drawdowns
GRPZ has been the more volatile fund, with annualized monthly volatility of 18.9% 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 -27.9% for GRPZ 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
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 0.90% against 3.31% for SCHD.
Holdings Overlap
GRPZ and SCHD share 4 holdings out of 186 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $29 per year of difference.
Which performed better, GRPZ or SCHD?
Over the past year GRPZ returned +27.30% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), GRPZ annualized +13.47% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, GRPZ or SCHD?
GRPZ has been the more volatile fund at 18.9% annualized versus 13.6% for SCHD. Worst drawdown: GRPZ -27.9% vs SCHD -33.4%.
Should I hold both GRPZ and SCHD?
GRPZ and SCHD have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GRPZ and SCHD?
GRPZ and SCHD share 4 common holdings with a 0.3% weight overlap. Combined, they hold 186 unique securities.
Which pays a higher dividend, GRPZ or SCHD?
GRPZ yields 0.90% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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