OUSM vs SCHD
O Shares US Small-Cap Quality Dividend ETF vs Schwab US Dividend Equity ETF
Which is better, OUSM or SCHD?
Small Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. OUSM is less concentrated, with 21.8% 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 | OUSM | SCHD |
|---|---|---|
| Expense Ratio | 0.48% | 0.06%Best |
| AUM | $835M | $112.1B |
| Dividend Yield | 2.00% | 3.00% |
| Holdings | 109 | 103 |
| YTD Return | +8.18% | +23.68%Best |
| 1Y Return | +6.75% | +28.36%Best |
| 3Y Return (annualized) | +11.98% | +16.20%Best |
| 5Y Return (annualized) | +8.11% | +10.07%Best |
| Volatility (annualized) | 17.1% | 15.5%Best |
| Max Drawdown | -40.0% | -33.4%Best |
| $10,000 over 5 years | $14,768 | $16,156Best |
| Top 10 Weight | 21.8%Best | 41.8% |
| Fund Family | ALPS Advisors | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Dec 30, 2016 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Dec 30, 2016 to Sep 22, 2026 (9.7 years).
OUSM 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 9.7 years both funds cover.
OUSM vs SCHD Performance
O Shares US Small-Cap Quality Dividend ETF (OUSM) is an ETF from ALPS Advisors and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year OUSM returned +6.75% while SCHD returned +28.36%. Year to date, OUSM is up 8.18% versus a gain of 23.68% for SCHD.
Over three years, OUSM compounded at +11.98% per year against +16.20% for SCHD; over five years the annualized figures are +8.11% and +10.07% respectively. Across the full 10-year window we track, SCHD has the edge at +11.23% annualized vs +7.85%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OUSM has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 15.5% for SCHD. 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 -40.0% for OUSM and -33.4% 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
OUSM 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, OUSM currently yields 2.00% against 3.00% for SCHD.
Holdings Overlap
13.8% of OUSM's money is in holdings SCHD also owns. 1.3% of SCHD's money is in holdings OUSM also owns.
OUSM and SCHD share little of their money.
14 positions in common, counted across the 108 positions we hold weights for in OUSM and 100 in SCHD, against full books of 109 and 103.
What only one of them owns
Our book lists 85 positions for SCHD that do not appear in our book for OUSM (98.7% of the fund), and 90 for OUSM that do not appear in SCHD (80.5%).
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 OUSM | Weight in SCHD | Difference |
|---|---|---|---|
| SWKSSkyworks Solutions Inc. | 1.75% | 0.25% | 1.50% |
| FHIFederated Investors Inc. | 1.86% | 0.11% | 1.75% |
| WUWestern Union Co (The) | 1.73% | 0.05% | 1.68% |
| NXSTNexstar Media Group Inc | 1.60% | 0.13% | 1.47% |
| MTNVail Resorts Inc. | 1.58% | 0.12% | 1.46% |
| KFYKorn Ferry | 1.37% | 0.11% | 1.26% |
| CNSCohen & Steers Inc | 0.80% | 0.05% | 0.75% |
| PAGPenske Automotive Group Inc | 0.71% | 0.10% | 0.61% |
| APAMArtisan Partners Asset Management, Inc. | 0.64% | 0.07% | 0.57% |
| MCMoelis & Co_None_0 | 0.55% | 0.12% | 0.43% |
You are not choosing between two funds in isolation.
Whichever of OUSM 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, OUSM or SCHD?
OUSM has an expense ratio of 0.48% while SCHD charges 0.06%. SCHD is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, OUSM or SCHD?
Over the past year OUSM returned +6.75% vs +28.36% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), OUSM annualized +7.85% vs +11.23% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OUSM or SCHD?
OUSM has been the more volatile fund at 17.1% annualized versus 15.5% for SCHD. Worst drawdown: OUSM -40.0% vs SCHD -33.4%.
Should I hold both OUSM and SCHD?
OUSM and SCHD have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between OUSM and SCHD?
13.8% of OUSM's money is in holdings SCHD also owns. 1.3% of SCHD's is in holdings OUSM also owns. They hold 14 positions in common, counted across the 108 positions we hold weights for in OUSM and 100 in SCHD.
Which pays a higher dividend, OUSM or SCHD?
OUSM yields 2.00% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than OUSM?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. OUSM is less concentrated, with 21.8% 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.