HIDV vs SCHD
AB US High Dividend ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. HIDV offers more diversification with 107 holdings.
Side-by-Side Comparison
| Metric | HIDV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $210M | $112.2B | |
| Dividend Yield | 2.30% | 3.13% | |
| Holdings | 107 | 103 | |
| YTD Return | +15.42% | +27.89% | |
| 1Y Return | +22.64% | +29.93% | |
| 3Y Return (annualized) | +20.91% | +16.13% | |
| 5Y Return (annualized) | - | +10.00% | |
| Volatility (annualized) | 12.5% | 13.6% | |
| Max Drawdown | -18.8% | -33.4% | |
| Fund Family | AllianceBernstein L.P. | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 22, 2023 | Oct 20, 2011 |
HIDV vs SCHD Performance
AB US High Dividend ETF (HIDV) is a ETF from AllianceBernstein L.P. and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HIDV returned +22.64% while SCHD returned +29.93%. Year to date, HIDV is up 15.42% versus a gain of 27.89% for SCHD.
Over three years, HIDV compounded at +20.91% per year against +16.13% for SCHD. Across the full 3-year window we track, HIDV has the edge at +23.13% annualized vs +11.56%. 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 12.5% for HIDV. 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 -18.8% for HIDV 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HIDV charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, HIDV currently yields 2.30% against 3.13% for SCHD.
Holdings Overlap
HIDV and SCHD share 24 holdings out of 181 unique holdings combined, representing a 12.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HIDV or SCHD?
HIDV has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, HIDV or SCHD?
Over the past year HIDV returned +22.64% vs +29.93% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), HIDV annualized +23.13% vs +11.56% for SCHD. Past performance does not guarantee future results.
Which is riskier, HIDV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.5% for HIDV. Worst drawdown: HIDV -18.8% vs SCHD -33.4%.
Should I hold both HIDV and SCHD?
HIDV and SCHD have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HIDV and SCHD?
HIDV and SCHD share 24 common holdings with a 12.9% weight overlap. Combined, they hold 181 unique securities.
Which pays a higher dividend, HIDV or SCHD?
HIDV yields 2.30% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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