ICVT vs SCHD
iShares Convertible Bond ETF vs Schwab US Dividend Equity ETF
Which is better, ICVT or SCHD?
Convertibles 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 | ICVT | SCHD |
|---|---|---|
| Expense Ratio | 0.20% | 0.06%Best |
| AUM | $7.8B | $112.2B |
| Dividend Yield | 1.39% | 3.13% |
| Holdings | 377 | 103 |
| YTD Return | +14.00% | +28.59%Best |
| 1Y Return | +21.57% | +31.77%Best |
| 3Y Return (annualized) | +16.58% | +16.70%Best |
| 5Y Return (annualized) | +4.97% | +10.09%Best |
| Volatility (annualized) | 14.6%Best | 14.8% |
| Max Drawdown | -33.3%Best | -33.4% |
| $10,000 over 5 years | $12,745 | $16,171Best |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management |
| Category | Convertible | Equity |
| Style | Convertibles | Large Cap Value |
| Inception | Jun 2, 2015 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 4, 2015 to Sep 3, 2026 (11.2 years).
ICVT 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 11.2 years both funds cover.
ICVT vs SCHD Performance
iShares Convertible Bond ETF (ICVT) 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 ICVT returned +21.57% while SCHD returned +31.77%. Year to date, ICVT is up 14.00% versus a gain of 28.59% for SCHD.
Over three years, ICVT compounded at +16.58% per year against +16.70% for SCHD; over five years the annualized figures are +4.97% and +10.09% respectively. Across the full 11-year window we track, SCHD has the edge at +11.00% annualized vs +10.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.6% for ICVT. 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 -33.3% for ICVT 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 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ICVT charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, ICVT currently yields 1.39% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 128 holdings in ICVT and 100 in SCHD, totalling 36.8% and 100.0% 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 128 positions we hold weights for in ICVT and 100 in SCHD, against full books of 377 and 103.
You are not choosing between two funds in isolation.
Whichever of ICVT 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, ICVT or SCHD?
ICVT has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, ICVT or SCHD?
Over the past year ICVT returned +21.57% vs +31.77% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), ICVT annualized +10.94% vs +11.00% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ICVT or SCHD?
SCHD has been the more volatile fund at 14.8% annualized versus 14.6% for ICVT. Worst drawdown: ICVT -33.3% vs SCHD -33.4%.
Should I hold both ICVT and SCHD?
ICVT and SCHD have a monthly-return correlation of 0.62, 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, ICVT or SCHD?
ICVT yields 1.39% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than ICVT?
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.