OBND vs SCHD
State Street Loomis Sayles Opportunistic Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | OBND | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.06% | |
| AUM | $57M | $103.7B | |
| Dividend Yield | 6.27% | 3.31% | |
| Holdings | 438 | 104 | |
| YTD Return | -2.36% | +24.26% | |
| 1Y Return | +0.22% | +31.38% | |
| 3Y Return (annualized) | +5.21% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 6.3% | 13.6% | |
| Max Drawdown | -15.9% | -33.4% | |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Sep 27, 2021 | Oct 20, 2011 |
OBND vs SCHD Performance
State Street Loomis Sayles Opportunistic Bond ETF (OBND) is a ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year OBND returned +0.22% while SCHD returned +31.38%. Year to date, OBND is down 2.36% versus a gain of 24.26% for SCHD.
Over three years, OBND compounded at +5.21% per year against +15.08% for SCHD. Across the full 5-year window we track, SCHD has the edge at +11.39% annualized vs +1.47%. 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 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 -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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
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 6.27% against 3.31% for SCHD.
Holdings Overlap
OBND and SCHD share 1 holdings out of 108 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in OBND | Weight in SCHD | Difference |
|---|---|---|---|
| BX | 0.05% | 2.38% | 2.33% |
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. On a $10,000 investment, that is $49 per year of difference.
Which performed better, OBND or SCHD?
Over the past year OBND returned +0.22% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), OBND annualized +1.47% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, OBND or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.3% for OBND. Worst drawdown: OBND -15.9% vs SCHD -33.4%.
Should I hold both OBND and SCHD?
OBND and SCHD have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OBND and SCHD?
OBND and SCHD share 1 common holdings with a 0.1% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, OBND or SCHD?
OBND yields 6.27% while SCHD yields 3.31%, so OBND currently pays the higher dividend yield.
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