GTOC vs SCHD
Invesco Core Fixed Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. GTOC offers more diversification with 220 holdings.
Side-by-Side Comparison
| Metric | GTOC | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.26% | 0.06% | |
| AUM | $347M | $103.7B | |
| Dividend Yield | 3.61% | 3.31% | |
| Holdings | 972 | 104 | |
| YTD Return | -2.60% | +25.62% | |
| 1Y Return | -0.60% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 3.6% | 13.6% | |
| Max Drawdown | -4.1% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jul 23, 2025 | Oct 20, 2011 |
GTOC vs SCHD Performance
Invesco Core Fixed Income ETF (GTOC) 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 GTOC returned -0.60% while SCHD returned +32.62%. Year to date, GTOC is down 2.60% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.6% for GTOC. 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 -4.1% for GTOC 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GTOC charges 0.26% per year while SCHD charges 0.06%. On a $10,000 position that is $26 vs $6 annually, a gap of $20 per year that compounds over a long holding period. On income, GTOC currently yields 3.61% against 3.31% for SCHD.
Holdings Overlap
GTOC and SCHD share 1 holdings out of 319 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GTOC | Weight in SCHD | Difference |
|---|---|---|---|
| PFG | 0.02% | 0.56% | 0.54% |
Frequently Asked Questions
Which is cheaper, GTOC or SCHD?
GTOC has an expense ratio of 0.26% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, GTOC or SCHD?
Over the past year GTOC returned -0.60% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), GTOC annualized +0.30% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, GTOC or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.6% for GTOC. Worst drawdown: GTOC -4.1% vs SCHD -33.4%.
Should I hold both GTOC and SCHD?
GTOC and SCHD have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTOC and SCHD?
GTOC and SCHD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 319 unique securities.
Which pays a higher dividend, GTOC or SCHD?
GTOC yields 3.61% while SCHD yields 3.31%, so GTOC currently pays the higher dividend yield.
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