NOEQ vs SCHD
Northern Trust US Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. NOEQ offers more diversification with 406 holdings.
Side-by-Side Comparison
| Metric | NOEQ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.06% | |
| AUM | $906M | $108.7B | |
| Dividend Yield | 0.17% | 3.13% | |
| Holdings | 406 | 104 | |
| YTD Return | +17.25% | +27.67% | |
| 1Y Return | - | +31.26% | |
| 3Y Return (annualized) | - | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | - | 13.6% | |
| Max Drawdown | -3.7% | -33.4% | |
| Fund Family | Northern Trust Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 20, 2026 | Oct 20, 2011 |
NOEQ vs SCHD Performance
Northern Trust US Equity ETF (NOEQ) is a ETF from Northern Trust Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Year to date, NOEQ is up 17.25% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.7% for NOEQ and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
NOEQ charges 0.12% per year while SCHD charges 0.06%. On a $10,000 position that is $12 vs $6 annually, a gap of $6 per year that compounds over a long holding period. On income, NOEQ currently yields 0.17% against 3.13% for SCHD.
Holdings Overlap
NOEQ and SCHD share 36 holdings out of 470 unique holdings combined, representing a 9.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NOEQ or SCHD?
NOEQ has an expense ratio of 0.12% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
What is the holdings overlap between NOEQ and SCHD?
NOEQ and SCHD share 36 common holdings with a 9.4% weight overlap. Combined, they hold 470 unique securities.
Which pays a higher dividend, NOEQ or SCHD?
NOEQ yields 0.17% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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