OBND vs SCHD
State Street Loomis Sayles Opportunistic Bond ETF vs Schwab US Dividend Equity ETF
Which is better, OBND or SCHD?
Allocation/Balanced against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y 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 | OBND | SCHD |
|---|---|---|
| Expense Ratio | 0.55% | 0.06%Best |
| AUM | $32M | $112.1B |
| Dividend Yield | 6.40% | 3.00% |
| Holdings | 420 | 103 |
| YTD Return | -3.40% | +23.46%Best |
| 1Y Return | -2.58% | +27.20%Best |
| 3Y Return (annualized) | +4.95% | +15.41%Best |
| 5Y Return (annualized) | +1.22% | +10.16%Best |
| Volatility (annualized) | 6.3%Best | 14.9% |
| Max Drawdown | -15.9%Best | -16.9% |
| $10,000 over 5 years | $10,625 | $16,223Best |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Value |
| Inception | Sep 27, 2021 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2021 to Sep 18, 2026 (5 years).
OBND 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 5 years both funds cover.
OBND vs SCHD Performance
State Street Loomis Sayles Opportunistic Bond ETF (OBND) is an ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year OBND returned -2.58% while SCHD returned +27.20%. Year to date, OBND is down 3.40% versus a gain of 23.46% for SCHD.
Over three years, OBND compounded at +4.95% per year against +15.41% for SCHD; over five years the annualized figures are +1.22% and +10.16% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 6.3% for OBND. 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 -15.9% for OBND and -16.9% 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
OBND charges 0.55% per year while SCHD charges 0.06%. On a $10,000 position that is $55 vs $6 annually, a gap of $49 per year that compounds over a long holding period. On income, OBND currently yields 6.40% against 3.00% for SCHD.
Holdings Overlap
At least 2.6% of SCHD's money is in holdings OBND also owns.
Stated as a floor: for OBND, our book for it covers 8.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and OBND share little of their money.
The two holdings books were reported 62 days apart, OBND as of Jun 30, 2026 and SCHD as of Aug 31, 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 19 positions we hold weights for in OBND and 100 in SCHD, against full books of 420 and 103.
Top Shared Holdings
| Stock | Weight in OBND | Weight in SCHD | Difference |
|---|---|---|---|
| BXBlackstone Group Inc. Class A | 0.05% | 2.59% | 2.54% |
You are not choosing between two funds in isolation.
Whichever of OBND 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, OBND or SCHD?
OBND has an expense ratio of 0.55% while SCHD charges 0.06%. SCHD is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, OBND or SCHD?
Over the past year OBND returned -2.58% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OBND or SCHD?
SCHD has been the more volatile fund at 14.9% annualized versus 6.3% for OBND. Worst drawdown: OBND -15.9% vs SCHD -16.9%.
Should I hold both OBND and SCHD?
OBND 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.
What is the holdings overlap between OBND and SCHD?
At least 2.6% of SCHD's money is in holdings OBND also owns. Our book for OBND is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 19 positions we hold weights for in OBND and 100 in SCHD.
Which pays a higher dividend, OBND or SCHD?
OBND yields 6.40% while SCHD yields 3.00%, so OBND currently pays the higher dividend yield.
Is SCHD better than OBND?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.