LGRO vs SCHD
Level Four Large Cap Growth Active 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 | LGRO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $135M | $103.7B | |
| Dividend Yield | 0.36% | 3.31% | |
| Holdings | 49 | 104 | |
| YTD Return | +16.04% | +25.62% | |
| 1Y Return | +27.78% | +32.62% | |
| 3Y Return (annualized) | +24.23% | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 17.0% | 13.6% | |
| Max Drawdown | -23.3% | -33.4% | |
| Fund Family | ALPS Advisors | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Aug 22, 2023 | Oct 20, 2011 |
LGRO vs SCHD Performance
Level Four Large Cap Growth Active ETF (LGRO) is a ETF from ALPS Advisors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year LGRO returned +27.78% while SCHD returned +32.62%. Year to date, LGRO is up 16.04% versus a gain of 25.62% for SCHD.
Over three years, LGRO compounded at +24.23% per year against +15.58% for SCHD. Across the full 3-year window we track, LGRO has the edge at +24.23% annualized vs +11.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LGRO has been the more volatile fund, with annualized monthly volatility of 17.0% 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 -23.3% for LGRO 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LGRO charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, LGRO currently yields 0.36% against 3.31% for SCHD.
Holdings Overlap
LGRO and SCHD share 3 holdings out of 145 unique holdings combined, representing a 5.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LGRO or SCHD?
LGRO has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, LGRO or SCHD?
Over the past year LGRO returned +27.78% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), LGRO annualized +24.23% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, LGRO or SCHD?
LGRO has been the more volatile fund at 17.0% annualized versus 13.6% for SCHD. Worst drawdown: LGRO -23.3% vs SCHD -33.4%.
Should I hold both LGRO and SCHD?
LGRO and SCHD have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LGRO and SCHD?
LGRO and SCHD share 3 common holdings with a 5.9% weight overlap. Combined, they hold 145 unique securities.
Which pays a higher dividend, LGRO or SCHD?
LGRO yields 0.36% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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