OAKM vs SCHD
Oakmark US Large Cap ETF vs Schwab US Dividend Equity ETF
Which is better, OAKM or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. OAKM led over the full window, SCHD over 1Y. OAKM is less concentrated, with 35.6% of the fund in its ten largest positions against 41.8%.
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 | OAKM | SCHD |
|---|---|---|
| Expense Ratio | 0.59% | 0.06%Best |
| AUM | $1.2B | $112.1B |
| Dividend Yield | 0.60% | 3.00% |
| Holdings | 41 | 103 |
| YTD Return | +8.33% | +24.96%Best |
| 1Y Return | +17.36% | +28.75%Best |
| 3Y Return (annualized) | - | +15.71% |
| 5Y Return (annualized) | - | +9.86% |
| Volatility (annualized) | 11.0%Best | 13.1% |
| Max Drawdown | -15.2% | -15.1%Best |
| $10,000 over 1.8 years | $12,612Best | $12,508 |
| Top 10 Weight | 35.6%Best | 41.8% |
| Fund Family | Oakmark Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Dec 3, 2024 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 3, 2024 to Sep 9, 2026 (1.8 years).
OAKM 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 covers the 1.8 years both funds cover.
OAKM vs SCHD Performance
Oakmark US Large Cap ETF (OAKM) is an ETF from Oakmark Funds and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year OAKM returned +17.36% while SCHD returned +28.75%. Year to date, OAKM is up 8.33% versus a gain of 24.96% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 11.0% for OAKM. 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 -15.2% for OAKM and -15.1% 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 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OAKM charges 0.59% per year while SCHD charges 0.06%. On a $10,000 position that is $59 vs $6 annually, a gap of $53 per year that compounds over a long holding period. On income, OAKM currently yields 0.60% against 3.00% for SCHD.
Holdings Overlap
6.2% of OAKM's money is in holdings SCHD also owns. 8.7% of SCHD's money is in holdings OAKM also owns.
SCHD and OAKM share little of their money.
2 positions in common, counted across the 39 positions we hold weights for in OAKM and 100 in SCHD, against full books of 41 and 103.
What only one of them owns
Our book lists 97 positions for SCHD that do not appear in our book for OAKM (91.2% of the fund), and 33 for OAKM that do not appear in SCHD (84.3%).
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.
You are not choosing between two funds in isolation.
Whichever of OAKM 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, OAKM or SCHD?
OAKM has an expense ratio of 0.59% while SCHD charges 0.06%. SCHD is the cheaper option, by $53 a year on a $10,000 investment.
Which performed better, OAKM or SCHD?
Over the past year OAKM returned +17.36% vs +28.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), OAKM annualized +13.76% vs +13.24% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OAKM or SCHD?
SCHD has been the more volatile fund at 13.1% annualized versus 11.0% for OAKM. Worst drawdown: OAKM -15.2% vs SCHD -15.1%.
Should I hold both OAKM and SCHD?
OAKM and SCHD have a monthly-return correlation of 0.57, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between OAKM and SCHD?
8.7% of SCHD's money is in holdings OAKM also owns. 8.7% of SCHD's is in holdings OAKM also owns. They hold 2 positions in common, counted across the 39 positions we hold weights for in OAKM and 100 in SCHD.
Which pays a higher dividend, OAKM or SCHD?
OAKM yields 0.60% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than OAKM?
SCHD has a lower expense ratio. OAKM led over the full window, SCHD over 1Y. OAKM is less concentrated, with 35.6% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.