LQIG vs SCHD
State Street SPDR MarketAxess Investment Grade 400 Corporate Bond ETF vs Schwab US Dividend Equity ETF
Which is better, LQIG or SCHD?
Long Term High Quality against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window.
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 | LQIG | SCHD |
|---|---|---|
| Expense Ratio | 0.07% | 0.06%Best |
| AUM | $28M | $108.9B |
| Dividend Yield | 5.07% | 3.00% |
| Holdings | 371 | 206 |
| Volatility (annualized) | 9.1%Best | 15.3% |
| Max Drawdown | -11.9%Best | -16.1% |
| $10,000 over 4 years | $11,524 | $14,641Best |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | Long Term High Quality | Large Cap Value |
| Inception | May 11, 2022 | Oct 20, 2011 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 142 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. LQIG has data through May 12, 2026 and SCHD through Oct 1, 2026.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: May 12, 2022 to May 12, 2026 (4 years).
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 9.1% for LQIG. 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 -11.9% for LQIG and -16.1% 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 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LQIG charges 0.07% per year while SCHD charges 0.06%. On a $10,000 position that is $7 vs $6 annually, a gap of $1 per year that compounds over a long holding period. On income, LQIG currently yields 5.07% against 3.00% for SCHD.
Holdings Overlap
At least 0.1% of SCHD's money is in holdings LQIG also owns.
Stated as a floor: for LQIG, our book for it covers 20.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 224 days apart, LQIG as of Jan 30, 2026 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.
1 positions in common, counted across the 82 positions we hold weights for in LQIG and 99 in SCHD, against full books of 371 and 206.
Top Shared Holdings
| Stock | Weight in LQIG | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXXSsi Us Gov Money Market Class | 0.49% | 0.05% | 0.44% |
You are not choosing between two funds in isolation.
Whichever of LQIG 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, LQIG or SCHD?
LQIG has an expense ratio of 0.07% while SCHD charges 0.06%. SCHD is the cheaper option, by $1 a year on a $10,000 investment.
Which is riskier, LQIG or SCHD?
SCHD has been the more volatile fund at 15.3% annualized versus 9.1% for LQIG. Worst drawdown: LQIG -11.9% vs SCHD -16.1%.
Should I hold both LQIG and SCHD?
LQIG and SCHD have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, LQIG or SCHD?
LQIG yields 5.07% while SCHD yields 3.00%, so LQIG currently pays the higher dividend yield.
Is SCHD better than LQIG?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.