NOEQ vs SCHD
Northern Trust US Equity ETF vs Schwab US Dividend Equity ETF
Which is better, NOEQ or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 61.4%.
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 | NOEQ | SCHD |
|---|---|---|
| Expense Ratio | 0.12% | 0.06%Best |
| AUM | $939M | $112.1B |
| Dividend Yield | 0.17% | 3.00% |
| Holdings | 408 | 103 |
| YTD Return | +15.93% | +24.59%Best |
| 1Y Return | - | +28.14% |
| 3Y Return (annualized) | - | +15.58% |
| 5Y Return (annualized) | - | +9.90% |
| Top 10 Weight | 61.4% | 41.8%Best |
| Fund Family | Northern Trust Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Mar 20, 2026 | Oct 20, 2011 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
NOEQ vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NOEQ vs SCHD Performance
Northern Trust US Equity ETF (NOEQ) is an ETF from Northern Trust Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Year to date, NOEQ is up 15.93% versus a gain of 24.59% for SCHD.
Past performance does not guarantee future results.
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 3.00% for SCHD.
Holdings Overlap
8.2% of NOEQ's money is in holdings SCHD also owns. 87.0% of SCHD's money is in holdings NOEQ also owns.
Most of SCHD is already inside NOEQ. Owning both mostly buys the same companies twice.
37 positions in common, counted across the 399 positions we hold weights for in NOEQ and 100 in SCHD, against full books of 408 and 103.
What only one of them owns
Our book lists 62 positions for SCHD that do not appear in our book for NOEQ (12.9% of the fund), and 258 for NOEQ that do not appear in SCHD (89.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NOEQ | Weight in SCHD | Difference |
|---|---|---|---|
| CVXChevron Corp. | 3.76% | 4.02% | 0.26% |
| MRKMerck & Co. Inc. | 2.97% | 4.77% | 1.80% |
| AMGNAmgen Inc. | 0.03% | 4.70% | 4.67% |
| ABTAbbott Laboratories | 0.03% | 4.69% | 4.66% |
| KOCoca Cola Co. | 0.20% | 4.17% | 3.97% |
| HDHome Depot Inc/The | 0.24% | 3.88% | 3.64% |
| UNHUnitedhealth Group Inc. | 0.24% | 3.82% | 3.58% |
| VZVerizon Communications, Inc. | 0.05% | 3.97% | 3.92% |
| PGProcter & Gamble Company | 0.18% | 3.83% | 3.65% |
| COPConocophillips Co | 0.05% | 3.94% | 3.89% |
87.0% of SCHD is already inside NOEQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $6 a year on a $10,000 investment.
What is the holdings overlap between NOEQ and SCHD?
87.0% of SCHD's money is in holdings NOEQ also owns. 87.0% of SCHD's is in holdings NOEQ also owns. They hold 37 positions in common, counted across the 399 positions we hold weights for in NOEQ and 100 in SCHD.
Which pays a higher dividend, NOEQ or SCHD?
NOEQ yields 0.17% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than NOEQ?
SCHD has a lower expense ratio. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 61.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.