OUSA vs SCHD
OUSA vs SCHD
O Shares US Quality Dividend ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns.
Side-by-Side Comparison
| Metric | OUSA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.48% | 0.06% | |
| AUM | $754M | $103.7B | |
| Dividend Yield | 1.47% | 3.31% | |
| Holdings | 101 | 104 | |
| YTD Return | +9.25% | +24.26% | |
| 1Y Return | +16.27% | +31.38% | |
| 3Y Return (annualized) | +13.96% | +15.08% | |
| 5Y Return (annualized) | +9.29% | +9.72% | |
| Volatility (annualized) | 13.2% | 13.6% | |
| Max Drawdown | -33.4% | -33.4% | |
| Fund Family | ALPS Advisors | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 14, 2015 | Oct 20, 2011 |
OUSA vs SCHD Performance
O Shares US Quality Dividend ETF (OUSA) is a ETF from ALPS Advisors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year OUSA returned +16.27% while SCHD returned +31.38%. Year to date, OUSA is up 9.25% versus a gain of 24.26% for SCHD.
Over three years, OUSA compounded at +13.96% per year against +15.08% for SCHD; over five years the annualized figures are +9.29% and +9.72% respectively. Across the full 11-year window we track, SCHD has the edge at +11.39% annualized vs +9.50%. 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 13.2% for OUSA. 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 -33.4% for OUSA 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
OUSA charges 0.48% per year while SCHD charges 0.06%. On a $10,000 position that is $48 vs $6 annually, a gap of $42 per year that compounds over a long holding period. On income, OUSA currently yields 1.47% against 3.31% for SCHD.
Holdings Overlap
OUSA and SCHD share 26 holdings out of 174 unique holdings combined, representing a 28.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in OUSA | Weight in SCHD | Difference |
|---|---|---|---|
| HD | 3.84% | 4.16% | 0.32% |
| MRK | 3.23% | 4.32% | 1.09% |
| ABT | 2.28% | 4.49% | 2.21% |
| TXN | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| UNH | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| ACN | Pro | Pro | Pro |
See all 10 holdings OUSA shares with SCHD Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, OUSA or SCHD?
OUSA has an expense ratio of 0.48% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, OUSA or SCHD?
Over the past year OUSA returned +16.27% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), OUSA annualized +9.50% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, OUSA or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.2% for OUSA. Worst drawdown: OUSA -33.4% vs SCHD -33.4%.
Should I hold both OUSA and SCHD?
OUSA and SCHD have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between OUSA and SCHD?
OUSA and SCHD share 26 common holdings with a 28.0% weight overlap. Combined, they hold 174 unique securities.
Which pays a higher dividend, OUSA or SCHD?
OUSA yields 1.47% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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