HEZU vs SCHD
iShares Currency Hedged MSCI Eurozone 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 | HEZU | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.53% | 0.06% | |
| AUM | $568M | $103.7B | |
| Dividend Yield | 2.55% | 3.31% | |
| Holdings | 233 | 104 | |
| YTD Return | +14.59% | +25.33% | |
| 1Y Return | +26.53% | +32.31% | |
| 3Y Return (annualized) | +19.77% | +15.40% | |
| 5Y Return (annualized) | +13.04% | +9.70% | |
| Volatility (annualized) | 15.9% | 13.6% | |
| Max Drawdown | -38.8% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 9, 2014 | Oct 20, 2011 |
HEZU vs SCHD Performance
iShares Currency Hedged MSCI Eurozone ETF (HEZU) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HEZU returned +26.53% while SCHD returned +32.31%. Year to date, HEZU is up 14.59% versus a gain of 25.33% for SCHD.
Over three years, HEZU compounded at +19.77% per year against +15.40% for SCHD; over five years the annualized figures are +13.04% and +9.70% respectively. Across the full 12-year window we track, SCHD has the edge at +11.45% annualized vs +9.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HEZU has been the more volatile fund, with annualized monthly volatility of 15.9% 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 -38.8% for HEZU 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HEZU charges 0.53% per year while SCHD charges 0.06%. On a $10,000 position that is $53 vs $6 annually, a gap of $47 per year that compounds over a long holding period. On income, HEZU currently yields 2.55% against 3.31% for SCHD.
Holdings Overlap
HEZU and SCHD share 0 holdings out of 112 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HEZU or SCHD?
HEZU has an expense ratio of 0.53% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, HEZU or SCHD?
Over the past year HEZU returned +26.53% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (12 years), HEZU annualized +9.31% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, HEZU or SCHD?
HEZU has been the more volatile fund at 15.9% annualized versus 13.6% for SCHD. Worst drawdown: HEZU -38.8% vs SCHD -33.4%.
Should I hold both HEZU and SCHD?
HEZU and SCHD have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HEZU and SCHD?
HEZU and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 112 unique securities.
Which pays a higher dividend, HEZU or SCHD?
HEZU yields 2.55% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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