HGLB vs SCHD
Highland Global Allocation Fund vs Schwab US Dividend Equity ETF
Which is better, HGLB or SCHD?
Mid Cap Value against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
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 | HGLB | SCHD |
|---|---|---|
| Expense Ratio | 2.67% | 0.06%Best |
| AUM | $270M | $112.1B |
| Dividend Yield | 9.03% | 3.00% |
| Holdings | 69 | 103 |
| YTD Return | -14.43% | +21.33%Best |
| 1Y Return | -12.49% | +25.15%Best |
| 3Y Return (annualized) | +7.33% | +15.43%Best |
| 5Y Return (annualized) | +5.44% | +9.32%Best |
| Volatility (annualized) | 31.5% | 16.4%Best |
| Max Drawdown | -74.1% | -33.4%Best |
| $10,000 over 5 years | $13,032 | $15,613Best |
| Fund Family | NexPoint | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Jan 5, 1998 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 19, 2019 to Sep 24, 2026 (7.6 years).
HGLB 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 7.6 years both funds cover.
HGLB vs SCHD Performance
Highland Global Allocation Fund (HGLB) is an ETF from NexPoint and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year HGLB returned -12.49% while SCHD returned +25.15%. Year to date, HGLB is down 14.43% versus a gain of 21.33% for SCHD.
Over three years, HGLB compounded at +7.33% per year against +15.43% for SCHD; over five years the annualized figures are +5.44% and +9.32% respectively. Across the full 8-year window we track, SCHD has the edge at +11.71% annualized vs -1.63%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HGLB has been the more volatile fund, with annualized monthly volatility of 31.5% compared with 16.4% 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 -74.1% for HGLB 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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HGLB charges 2.67% per year while SCHD charges 0.06%. On a $10,000 position that is $267 vs $6 annually, a gap of $261 per year that compounds over a long holding period. On income, HGLB currently yields 9.03% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 40 holdings in HGLB and 100 in SCHD, totalling 51.6% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 62 days apart, HGLB as of Jun 30, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 40 positions we hold weights for in HGLB and 100 in SCHD, against full books of 69 and 103.
You are not choosing between two funds in isolation.
Whichever of HGLB 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, HGLB or SCHD?
HGLB has an expense ratio of 2.67% while SCHD charges 0.06%. SCHD is the cheaper option, by $261 a year on a $10,000 investment.
Which performed better, HGLB or SCHD?
Over the past year HGLB returned -12.49% vs +25.15% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (8 years), HGLB annualized -1.63% vs +11.71% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HGLB or SCHD?
HGLB has been the more volatile fund at 31.5% annualized versus 16.4% for SCHD. Worst drawdown: HGLB -74.1% vs SCHD -33.4%.
Should I hold both HGLB and SCHD?
HGLB and SCHD have a monthly-return correlation of 0.63, 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, HGLB or SCHD?
HGLB yields 9.03% while SCHD yields 3.00%, so HGLB currently pays the higher dividend yield.
Is SCHD better than HGLB?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.