IAE vs SCHD
Voya Asia Pacific High Dividend Equity Income Fund vs Schwab US Dividend Equity ETF
Which is better, IAE or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. IAE is less concentrated, with 38.1% of the fund in its ten largest positions against 41.8%.
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 | IAE | SCHD |
|---|---|---|
| Expense Ratio | 1.21% | 0.06%Best |
| AUM | $95M | $119.9B |
| Dividend Yield | 8.68% | 2.96% |
| Holdings | 271 | 204 |
| Volatility (annualized) | 18.8% | 13.7%Best |
| Max Drawdown | -68.6% | -33.4%Best |
| $10,000 over 15 years | $9,402 | $49,089Best |
| Top 10 Weight | 38.1%Best | 41.8% |
| Fund Family | Voya Investment Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Mar 27, 2007 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 24 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IAE has data through Oct 13, 2026 and SCHD through Nov 6, 2026.
Volatility and max drawdown, and the $10,000 over 15 years row, are measured over the window both funds cover: Oct 20, 2011 to Oct 13, 2026 (15 years).
Risk: Volatility and Drawdowns
IAE has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 13.7% 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 -68.6% for IAE 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 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IAE charges 1.21% per year while SCHD charges 0.06%. On a $10,000 position that is $121 vs $6 annually, a gap of $115 per year that compounds over a long holding period. On income, IAE currently yields 8.68% against 2.96% for SCHD.
Holdings Overlap
We hold position weights for 248 holdings in IAE and 98 in SCHD, totalling 98.4% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 248 positions we hold weights for in IAE and 98 in SCHD, against full books of 271 and 204.
What only one of them owns
Our book lists 97 positions for SCHD that do not appear in our book for IAE (99.8% of the fund), and 7 for IAE that do not appear in SCHD (3.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IAE 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, IAE or SCHD?
IAE has an expense ratio of 1.21% while SCHD charges 0.06%. SCHD is the cheaper option, by $115 a year on a $10,000 investment.
Which is riskier, IAE or SCHD?
IAE has been the more volatile fund at 18.8% annualized versus 13.7% for SCHD. Worst drawdown: IAE -68.6% vs SCHD -33.4%.
Should I hold both IAE and SCHD?
IAE and SCHD have a monthly-return correlation of 0.42, 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, IAE or SCHD?
IAE yields 8.68% while SCHD yields 2.96%, so IAE currently pays the higher dividend yield.
Is SCHD better than IAE?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. IAE is less concentrated, with 38.1% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.