KBWP vs SCHD
Invesco KBW Property & Casualty Insurance ETF vs Schwab US Dividend Equity ETF
Which is better, KBWP or SCHD?
Mid Cap Value against Large Cap Value.
SCHD has a lower expense ratio. KBWP led over 3Y, 5Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 61.3%.
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 | KBWP | SCHD |
|---|---|---|
| Expense Ratio | 0.35% | 0.06%Best |
| AUM | $289M | $112.2B |
| Dividend Yield | 1.82% | 3.13% |
| Holdings | 26 | 103 |
| YTD Return | +9.34% | +28.59%Best |
| 1Y Return | +12.78% | +31.77%Best |
| 3Y Return (annualized) | +20.20%Best | +16.70% |
| 5Y Return (annualized) | +13.43%Best | +10.09% |
| Volatility (annualized) | 15.2% | 13.6%Best |
| Max Drawdown | -40.3% | -33.4%Best |
| $10,000 over 5 years | $18,778Best | $16,171 |
| Top 10 Weight | 61.3% | 41.5%Best |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Dec 2, 2010 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 3, 2026 (14.9 years).
KBWP 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 14.9 years both funds cover.
KBWP vs SCHD Performance
Invesco KBW Property & Casualty Insurance ETF (KBWP) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year KBWP returned +12.78% while SCHD returned +31.77%. Year to date, KBWP is up 9.34% versus a gain of 28.59% for SCHD.
Over three years, KBWP compounded at +20.20% per year against +16.70% for SCHD; over five years the annualized figures are +13.43% and +10.09% respectively. Across the full 15-year window we track, KBWP has the edge at +13.37% annualized vs +11.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KBWP has been the more volatile fund, with annualized monthly volatility of 15.2% 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 -40.3% for KBWP 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 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
KBWP 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, KBWP currently yields 1.82% against 3.13% for SCHD.
Holdings Overlap
6.8% of KBWP's money is in holdings SCHD also owns. 0.9% of SCHD's money is in holdings KBWP also owns.
KBWP and SCHD share little of their money.
2 positions in common, counted across the 25 positions we hold weights for in KBWP and 100 in SCHD, against full books of 26 and 103.
What only one of them owns
Our book lists 97 positions for SCHD that do not appear in our book for KBWP (99.0% of the fund), and 22 for KBWP that do not appear in SCHD (88.5%).
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 KBWP 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, KBWP or SCHD?
KBWP has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, KBWP or SCHD?
Over the past year KBWP returned +12.78% vs +31.77% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), KBWP annualized +13.37% vs +11.59% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KBWP or SCHD?
KBWP has been the more volatile fund at 15.2% annualized versus 13.6% for SCHD. Worst drawdown: KBWP -40.3% vs SCHD -33.4%.
Should I hold both KBWP and SCHD?
KBWP and SCHD have a monthly-return correlation of 0.65, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between KBWP and SCHD?
6.8% of KBWP's money is in holdings SCHD also owns. 0.9% of SCHD's is in holdings KBWP also owns. They hold 2 positions in common, counted across the 25 positions we hold weights for in KBWP and 100 in SCHD.
Which pays a higher dividend, KBWP or SCHD?
KBWP yields 1.82% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than KBWP?
SCHD has a lower expense ratio. KBWP led over 3Y, 5Y and the full window, SCHD over 1Y. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 61.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.