IVAL vs SCHD
Alpha Architect International Quantitative Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | IVAL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.06% | |
| AUM | $217M | $103.7B | |
| Dividend Yield | 2.77% | 3.31% | |
| Holdings | 54 | 104 | |
| YTD Return | +17.17% | +25.62% | |
| 1Y Return | +29.79% | +32.62% | |
| 3Y Return (annualized) | +19.17% | +15.58% | |
| 5Y Return (annualized) | +10.20% | +9.63% | |
| Volatility (annualized) | 17.4% | 13.6% | |
| Max Drawdown | -49.2% | -33.4% | |
| Fund Family | Alpha Architect | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2014 | Oct 20, 2011 |
IVAL vs SCHD Performance
Alpha Architect International Quantitative Value ETF (IVAL) is a ETF from Alpha Architect and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year IVAL returned +29.79% while SCHD returned +32.62%. Year to date, IVAL is up 17.17% versus a gain of 25.62% for SCHD.
Over three years, IVAL compounded at +19.17% per year against +15.58% for SCHD; over five years the annualized figures are +10.20% and +9.63% respectively. Across the full 12-year window we track, SCHD has the edge at +11.47% annualized vs +5.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVAL has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 13.6% 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 -49.2% for IVAL 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVAL charges 0.38% per year while SCHD charges 0.06%. On a $10,000 position that is $38 vs $6 annually, a gap of $32 per year that compounds over a long holding period. On income, IVAL currently yields 2.77% against 3.31% for SCHD.
Holdings Overlap
IVAL and SCHD share 0 holdings out of 150 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVAL or SCHD?
IVAL has an expense ratio of 0.38% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, IVAL or SCHD?
Over the past year IVAL returned +29.79% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (12 years), IVAL annualized +5.47% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, IVAL or SCHD?
IVAL has been the more volatile fund at 17.4% annualized versus 13.6% for SCHD. Worst drawdown: IVAL -49.2% vs SCHD -33.4%.
Should I hold both IVAL and SCHD?
IVAL and SCHD have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVAL and SCHD?
IVAL and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 150 unique securities.
Which pays a higher dividend, IVAL or SCHD?
IVAL yields 2.77% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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