KBWR vs SCHD
Invesco KBW Regional Banking ETF vs Schwab US Dividend Equity ETF
Which is better, KBWR or SCHD?
Small Cap Value against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. KBWR is less concentrated, with 29.9% 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 | KBWR | SCHD |
|---|---|---|
| Expense Ratio | 0.35% | 0.06%Best |
| AUM | $52M | $108.9B |
| Dividend Yield | 2.65% | 3.00% |
| Holdings | 52 | 206 |
| Volatility (annualized) | 27.1% | 13.7%Best |
| Max Drawdown | -52.9% | -33.4%Best |
| $10,000 over 14.3 years | $42,732 | $45,342Best |
| Top 10 Weight | 29.9%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Value |
| Inception | Nov 1, 2011 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 224 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. KBWR has data through Feb 20, 2026 and SCHD through Oct 2, 2026.
Volatility and max drawdown, and the $10,000 over 14.3 years row, are measured over the window both funds cover: Nov 1, 2011 to Feb 20, 2026 (14.3 years).
Risk: Volatility and Drawdowns
KBWR has been the more volatile fund, with annualized monthly volatility of 27.1% 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 -52.9% for KBWR 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
KBWR 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, KBWR currently yields 2.65% against 3.00% for SCHD.
Holdings Overlap
6.2% of KBWR's money is in holdings SCHD also owns. 0.4% of SCHD's money is in holdings KBWR also owns.
KBWR and SCHD share little of their money.
The two holdings books were reported 346 days apart, KBWR as of Sep 30, 2025 and SCHD as of Sep 11, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 51 positions we hold weights for in KBWR and 99 in SCHD, against full books of 52 and 206.
What only one of them owns
Our book lists 95 positions for SCHD that do not appear in our book for KBWR (99.5% of the fund), and 47 for KBWR that do not appear in SCHD (91.8%).
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 KBWR 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, KBWR or SCHD?
KBWR 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 is riskier, KBWR or SCHD?
KBWR has been the more volatile fund at 27.1% annualized versus 13.7% for SCHD. Worst drawdown: KBWR -52.9% vs SCHD -33.4%.
Should I hold both KBWR and SCHD?
KBWR 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.
What is the holdings overlap between KBWR and SCHD?
6.2% of KBWR's money is in holdings SCHD also owns. 0.4% of SCHD's is in holdings KBWR also owns. They hold 3 positions in common, counted across the 51 positions we hold weights for in KBWR and 99 in SCHD.
Which pays a higher dividend, KBWR or SCHD?
KBWR yields 2.65% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than KBWR?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. KBWR is less concentrated, with 29.9% 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.