INVG vs SCHD
GMO Systematic Investment Grade Credit ETF vs Schwab US Dividend Equity ETF
Which is better, INVG or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y 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 | INVG | SCHD |
|---|---|---|
| Expense Ratio | 0.25% | 0.06%Best |
| AUM | $24M | $112.1B |
| Dividend Yield | 5.30% | 3.00% |
| Holdings | 127 | 103 |
| YTD Return | -1.17% | +24.59%Best |
| 1Y Return | -0.69% | +28.14%Best |
| 3Y Return (annualized) | - | +15.58% |
| 5Y Return (annualized) | - | +9.90% |
| Volatility (annualized) | 3.5%Best | 12.8% |
| Max Drawdown | -3.1%Best | -4.6% |
| $10,000 over 1.3 years | $10,354 | $13,640Best |
| Fund Family | GMO | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Value |
| Inception | Jun 3, 2025 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 4, 2025 to Sep 10, 2026 (1.3 years).
INVG 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 1.3 years both funds cover.
INVG vs SCHD Performance
GMO Systematic Investment Grade Credit ETF (INVG) is an ETF from GMO and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year INVG returned -0.69% while SCHD returned +28.14%. Year to date, INVG is down 1.17% versus a gain of 24.59% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 3.5% for INVG. 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 -3.1% for INVG and -4.6% 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 0.29. They move largely independently of each other.
Fees and Cost Over Time
INVG charges 0.25% per year while SCHD charges 0.06%. On a $10,000 position that is $25 vs $6 annually, a gap of $19 per year that compounds over a long holding period. On income, INVG currently yields 5.30% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 114 holdings in INVG and 100 in SCHD, totalling 88.5% 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 114 positions we hold weights for in INVG and 100 in SCHD, against full books of 127 and 103.
You are not choosing between two funds in isolation.
Whichever of INVG 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, INVG or SCHD?
INVG has an expense ratio of 0.25% while SCHD charges 0.06%. SCHD is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, INVG or SCHD?
Over the past year INVG returned -0.69% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), INVG annualized +2.71% vs +26.97% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, INVG or SCHD?
SCHD has been the more volatile fund at 12.8% annualized versus 3.5% for INVG. Worst drawdown: INVG -3.1% vs SCHD -4.6%.
Should I hold both INVG and SCHD?
INVG and SCHD have a monthly-return correlation of 0.29, 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, INVG or SCHD?
INVG yields 5.30% while SCHD yields 3.00%, so INVG currently pays the higher dividend yield.
Is SCHD better than INVG?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.