LVHD vs SCHD
Franklin U.S. Low Volatility High Dividend Index ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. LVHD offers more diversification with 114 holdings.
Side-by-Side Comparison
| Metric | LVHD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.27% | 0.06% | |
| AUM | $644M | $103.7B | |
| Dividend Yield | 3.12% | 3.31% | |
| Holdings | 117 | 104 | |
| YTD Return | +11.64% | +25.33% | |
| 1Y Return | +12.12% | +32.31% | |
| 3Y Return (annualized) | +10.35% | +15.40% | |
| 5Y Return (annualized) | +7.01% | +9.70% | |
| Volatility (annualized) | 13.6% | 13.6% | |
| Max Drawdown | -37.3% | -33.4% | |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 28, 2015 | Oct 20, 2011 |
LVHD vs SCHD Performance
Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is a ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year LVHD returned +12.12% while SCHD returned +32.31%. Year to date, LVHD is up 11.64% versus a gain of 25.33% for SCHD.
Over three years, LVHD compounded at +10.35% per year against +15.40% for SCHD; over five years the annualized figures are +7.01% and +9.70% respectively. Across the full 11-year window we track, SCHD has the edge at +11.45% annualized vs +7.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.6% for LVHD. 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 -37.3% for LVHD 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
LVHD charges 0.27% per year while SCHD charges 0.06%. On a $10,000 position that is $27 vs $6 annually, a gap of $21 per year that compounds over a long holding period. On income, LVHD currently yields 3.12% against 3.31% for SCHD.
Holdings Overlap
LVHD and SCHD share 23 holdings out of 191 unique holdings combined, representing a 26.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LVHD or SCHD?
LVHD has an expense ratio of 0.27% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, LVHD or SCHD?
Over the past year LVHD returned +12.12% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), LVHD annualized +7.31% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, LVHD or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.6% for LVHD. Worst drawdown: LVHD -37.3% vs SCHD -33.4%.
Should I hold both LVHD and SCHD?
LVHD and SCHD have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between LVHD and SCHD?
LVHD and SCHD share 23 common holdings with a 26.9% weight overlap. Combined, they hold 191 unique securities.
Which pays a higher dividend, LVHD or SCHD?
LVHD yields 3.12% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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