GVIP vs SCHD
Goldman Sachs Hedge Industry VIP 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 | GVIP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.06% | |
| AUM | $551M | $103.7B | |
| Dividend Yield | 0.28% | 3.31% | |
| Holdings | 50 | 104 | |
| YTD Return | +13.34% | +26.21% | |
| 1Y Return | +25.05% | +29.99% | |
| 3Y Return (annualized) | +27.42% | +15.73% | |
| 5Y Return (annualized) | +12.00% | +9.67% | |
| Volatility (annualized) | 19.1% | 13.6% | |
| Max Drawdown | -37.1% | -33.4% | |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2016 | Oct 20, 2011 |
GVIP vs SCHD Performance
Goldman Sachs Hedge Industry VIP ETF (GVIP) is a ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GVIP returned +25.05% while SCHD returned +29.99%. Year to date, GVIP is up 13.34% versus a gain of 26.21% for SCHD.
Over three years, GVIP compounded at +27.42% per year against +15.73% for SCHD; over five years the annualized figures are +12.00% and +9.67% respectively. Across the full 10-year window we track, GVIP has the edge at +17.09% annualized vs +11.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GVIP has been the more volatile fund, with annualized monthly volatility of 19.1% 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 -37.1% for GVIP 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GVIP charges 0.45% per year while SCHD charges 0.06%. On a $10,000 position that is $45 vs $6 annually, a gap of $39 per year that compounds over a long holding period. On income, GVIP currently yields 0.28% against 3.31% for SCHD.
Holdings Overlap
GVIP and SCHD share 1 holdings out of 150 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GVIP | Weight in SCHD | Difference |
|---|---|---|---|
| UNH | 1.84% | 4.54% | 2.70% |
Frequently Asked Questions
Which is cheaper, GVIP or SCHD?
GVIP has an expense ratio of 0.45% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, GVIP or SCHD?
Over the past year GVIP returned +25.05% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), GVIP annualized +17.09% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, GVIP or SCHD?
GVIP has been the more volatile fund at 19.1% annualized versus 13.6% for SCHD. Worst drawdown: GVIP -37.1% vs SCHD -33.4%.
Should I hold both GVIP and SCHD?
GVIP and SCHD have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GVIP and SCHD?
GVIP and SCHD share 1 common holdings with a 1.8% weight overlap. Combined, they hold 150 unique securities.
Which pays a higher dividend, GVIP or SCHD?
GVIP yields 0.28% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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