GVAL vs SCHD
Cambria Global Value ETF vs Schwab US Dividend Equity ETF
Which is better, GVAL or SCHD?
Mid Cap Value against Large Cap Value.
SCHD has a lower expense ratio. GVAL led over 1Y, 3Y and 5Y, SCHD over the full window. GVAL is less concentrated, with 23.0% 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 | GVAL | SCHD |
|---|---|---|
| Expense Ratio | 0.66% | 0.06%Best |
| AUM | $593M | $112.2B |
| Dividend Yield | 2.38% | 3.13% |
| Holdings | 121 | 103 |
| YTD Return | +23.78% | +27.56%Best |
| 1Y Return | +39.16%Best | +30.29% |
| 3Y Return (annualized) | +29.88%Best | +16.37% |
| 5Y Return (annualized) | +14.98%Best | +10.23% |
| Volatility (annualized) | 18.7% | 14.4%Best |
| Max Drawdown | -46.8% | -33.4%Best |
| $10,000 over 5 years | $20,096Best | $16,274 |
| Top 10 Weight | 23.0%Best | 41.5% |
| Fund Family | Cambria Investment Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Mar 11, 2014 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Mar 12, 2014 to Sep 4, 2026 (12.5 years).
GVAL 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 12.5 years both funds cover.
GVAL vs SCHD Performance
Cambria Global Value ETF (GVAL) is an ETF from Cambria Investment Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year GVAL returned +39.16% while SCHD returned +30.29%. Year to date, GVAL is up 23.78% versus a gain of 27.56% for SCHD.
Over three years, GVAL compounded at +29.88% per year against +16.37% for SCHD; over five years the annualized figures are +14.98% and +10.23% respectively. Across the full 13-year window we track, SCHD has the edge at +10.46% annualized vs +7.23%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GVAL has been the more volatile fund, with annualized monthly volatility of 18.7% compared with 14.4% 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 -46.8% for GVAL and -33.4% 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GVAL charges 0.66% per year while SCHD charges 0.06%. On a $10,000 position that is $66 vs $6 annually, a gap of $60 per year that compounds over a long holding period. On income, GVAL currently yields 2.38% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 113 holdings in GVAL and 100 in SCHD, totalling 99.6% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 113 positions we hold weights for in GVAL and 100 in SCHD, against full books of 121 and 103.
What only one of them owns
Our book lists 99 positions for SCHD that do not appear in our book for GVAL (99.9% of the fund), and 7 for GVAL that do not appear in SCHD (7.5%).
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 GVAL 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, GVAL or SCHD?
GVAL has an expense ratio of 0.66% while SCHD charges 0.06%. SCHD is the cheaper option, by $60 a year on a $10,000 investment.
Which performed better, GVAL or SCHD?
Over the past year GVAL returned +39.16% vs +30.29% for SCHD, so GVAL leads on 1-year performance. Over the longest common window we track (13 years), GVAL annualized +7.23% vs +10.46% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GVAL or SCHD?
GVAL has been the more volatile fund at 18.7% annualized versus 14.4% for SCHD. Worst drawdown: GVAL -46.8% vs SCHD -33.4%.
Should I hold both GVAL and SCHD?
GVAL and SCHD have a monthly-return correlation of 0.69, 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, GVAL or SCHD?
GVAL yields 2.38% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than GVAL?
SCHD has a lower expense ratio. GVAL led over 1Y, 3Y and 5Y, SCHD over the full window. GVAL is less concentrated, with 23.0% 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.