LBO vs SCHD

Quick Verdict

SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.

Lower Fees: SCHDHigher Returns: SCHDMore Diversified: SCHD

Side-by-Side Comparison

MetricLBOSCHDWinner
Expense Ratio6.71%0.06%
AUM$7M$103.7B
Dividend Yield6.68%3.31%
Holdings44104
YTD Return-3.03%+26.21%
1Y Return-10.53%+29.99%
3Y Return (annualized)-+15.73%
5Y Return (annualized)-+9.67%
Volatility (annualized)19.3%13.6%
Max Drawdown-32.9%-33.4%
Fund FamilyWhite Wolf Capital AdvisorsCharles Schwab Asset Management
CategoryEquityEquity
InceptionNov 30, 2023Oct 20, 2011

LBO vs SCHD Performance

WHITEWOLF Publicly Listed Private Equity ETF (LBO) is a ETF from White Wolf Capital Advisors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year LBO returned -10.53% while SCHD returned +29.99%. Year to date, LBO is down 3.03% versus a gain of 26.21% for SCHD.

Risk: Volatility and Drawdowns

LBO has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -32.9% for LBO 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 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

LBO charges 6.71% per year while SCHD charges 0.06%. On a $10,000 position that is $671 vs $6 annually, a gap of $665 per year that compounds over a long holding period. On income, LBO currently yields 6.68% against 3.31% for SCHD.

Holdings Overlap

3.0%overlap

LBO and SCHD share 2 holdings out of 141 unique holdings combined, representing a 3.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in LBOWeight in SCHDDifference
ARES6.25%0.66%5.59%
BX3.55%2.38%1.17%

Frequently Asked Questions

Which is cheaper, LBO or SCHD?

LBO has an expense ratio of 6.71% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $665 per year of difference.

Which performed better, LBO or SCHD?

Over the past year LBO returned -10.53% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), LBO annualized +4.28% vs +11.50% for SCHD. Past performance does not guarantee future results.

Which is riskier, LBO or SCHD?

LBO has been the more volatile fund at 19.3% annualized versus 13.6% for SCHD. Worst drawdown: LBO -32.9% vs SCHD -33.4%.

Should I hold both LBO and SCHD?

LBO and SCHD have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between LBO and SCHD?

LBO and SCHD share 2 common holdings with a 3.0% weight overlap. Combined, they hold 141 unique securities.

Which pays a higher dividend, LBO or SCHD?

LBO yields 6.68% while SCHD yields 3.31%, so LBO currently pays the higher dividend yield.

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