OVF vs SCHD
Overlay Shares Foreign Equity 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 | OVF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.83% | 0.06% | |
| AUM | $49M | $103.7B | |
| Dividend Yield | 10.55% | 3.31% | |
| Holdings | 10 | 104 | |
| YTD Return | +8.57% | +25.33% | |
| 1Y Return | +16.96% | +32.31% | |
| 3Y Return (annualized) | +16.57% | +15.40% | |
| 5Y Return (annualized) | +7.40% | +9.70% | |
| Volatility (annualized) | 15.3% | 13.6% | |
| Max Drawdown | -30.1% | -33.4% | |
| Fund Family | Overlay Shares | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 30, 2019 | Oct 20, 2011 |
OVF vs SCHD Performance
Overlay Shares Foreign Equity ETF (OVF) is a ETF from Overlay Shares and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year OVF returned +16.96% while SCHD returned +32.31%. Year to date, OVF is up 8.57% versus a gain of 25.33% for SCHD.
Over three years, OVF compounded at +16.57% per year against +15.40% for SCHD; over five years the annualized figures are +7.40% and +9.70% respectively. Across the full 7-year window we track, SCHD has the edge at +11.45% annualized vs +7.70%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVF has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.6% 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 -30.1% for OVF 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVF charges 0.83% per year while SCHD charges 0.06%. On a $10,000 position that is $83 vs $6 annually, a gap of $77 per year that compounds over a long holding period. On income, OVF currently yields 10.55% against 3.31% for SCHD.
Holdings Overlap
OVF and SCHD share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OVF or SCHD?
OVF has an expense ratio of 0.83% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, OVF or SCHD?
Over the past year OVF returned +16.96% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), OVF annualized +7.70% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, OVF or SCHD?
OVF has been the more volatile fund at 15.3% annualized versus 13.6% for SCHD. Worst drawdown: OVF -30.1% vs SCHD -33.4%.
Should I hold both OVF and SCHD?
OVF and SCHD have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OVF and SCHD?
OVF and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, OVF or SCHD?
OVF yields 10.55% while SCHD yields 3.31%, so OVF currently pays the higher dividend yield.
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