HDV vs SCHD
iShares Core High Dividend ETF vs Schwab US Dividend Equity ETF
Which is better, HDV or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. HDV led over 3Y and 5Y, SCHD over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 52.1%.
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 | HDV | SCHD |
|---|---|---|
| Expense Ratio | 0.08% | 0.06%Best |
| AUM | $15.6B | $112.1B |
| Dividend Yield | 3.07% | 3.00% |
| Holdings | 81 | 103 |
| YTD Return | +20.39% | +24.23%Best |
| 1Y Return | +21.92% | +27.90%Best |
| 3Y Return (annualized) | +15.81%Best | +15.55% |
| 5Y Return (annualized) | +12.63%Best | +9.97% |
| Volatility (annualized) | 13.2%Best | 13.6% |
| Max Drawdown | -37.0% | -33.4%Best |
| $10,000 over 5 years | $18,125Best | $16,083 |
| Top 10 Weight | 52.1% | 41.8%Best |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 29, 2011 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 17, 2026 (14.9 years).
HDV 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 14.9 years both funds cover.
HDV vs SCHD Performance
iShares Core High Dividend ETF (HDV) is an ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year HDV returned +21.92% while SCHD returned +27.90%. Year to date, HDV is up 20.39% versus a gain of 24.23% for SCHD.
Over three years, HDV compounded at +15.81% per year against +15.55% for SCHD; over five years the annualized figures are +12.63% and +9.97% respectively. Across the full 15-year window we track, SCHD has the edge at +11.30% annualized vs +8.54%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.2% for HDV. 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 -37.0% for HDV 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HDV charges 0.08% per year while SCHD charges 0.06%. On a $10,000 position that is $8 vs $6 annually, a gap of $2 per year that compounds over a long holding period. On income, HDV currently yields 3.07% against 3.00% for SCHD.
Holdings Overlap
54.7% of HDV's money is in holdings SCHD also owns. 62.0% of SCHD's money is in holdings HDV also owns.
The two portfolios partly overlap.
28 positions in common, counted across the 76 positions we hold weights for in HDV and 100 in SCHD, against full books of 81 and 103.
What only one of them owns
Measured across the 76 and 100 positions we hold weights for.
SCHD holds 71 positions HDV does not, 37.9% of the fund.
Largest: UNH 3.82%, TXN 3.13%, ACN 2.84%, ADP 2.79%, QCOM 2.52%
Top Shared Holdings
| Stock | Weight in HDV | Weight in SCHD | Difference |
|---|---|---|---|
| CVXChevron Corp | 6.25% | 4.02% | 2.23% |
| VZVerizon Communic | 5.73% | 3.97% | 1.76% |
| MRKMerck & Company Inc | 4.40% | 4.77% | 0.37% |
| PGProcter & Gamble Company | 4.42% | 3.83% | 0.59% |
| KOCoca Cola Co. | 4.03% | 4.17% | 0.14% |
| HDHome Depot Inc/The | 4.28% | 3.88% | 0.40% |
| AMGNAmgen Inc. | 2.94% | 4.70% | 1.76% |
| PEPPepsico Inc. | 3.39% | 3.64% | 0.25% |
| ABTAbbott Laboratories | 2.33% | 4.69% | 2.36% |
| BMYBristol-Myers Squibb Co. | 2.69% | 3.33% | 0.64% |
62.0% of SCHD is already inside HDV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HDV or SCHD?
HDV has an expense ratio of 0.08% while SCHD charges 0.06%. SCHD is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, HDV or SCHD?
Over the past year HDV returned +21.92% vs +27.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), HDV annualized +8.54% vs +11.30% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HDV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.2% for HDV. Worst drawdown: HDV -37.0% vs SCHD -33.4%.
Should I hold both HDV and SCHD?
HDV and SCHD have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between HDV and SCHD?
62.0% of SCHD's money is in holdings HDV also owns. 62.0% of SCHD's is in holdings HDV also owns. They hold 28 positions in common, counted across the 76 positions we hold weights for in HDV and 100 in SCHD.
Which pays a higher dividend, HDV or SCHD?
HDV yields 3.07% while SCHD yields 3.00%, so HDV currently pays the higher dividend yield.
Is SCHD better than HDV?
SCHD has a lower expense ratio. HDV led over 3Y and 5Y, SCHD over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 52.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.