OVL vs SCHD
Overlay Shares Large Cap Equity ETF vs Schwab US Dividend Equity ETF
Which is better, OVL or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. OVL led over 3Y, 5Y and the full window, SCHD over 1Y.
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 | OVL | SCHD |
|---|---|---|
| Expense Ratio | 0.79% | 0.06%Best |
| AUM | $428M | $112.1B |
| Dividend Yield | 8.14% | 3.00% |
| Holdings | 11 | 103 |
| YTD Return | +6.52% | +23.46%Best |
| 1Y Return | +10.31% | +27.20%Best |
| 3Y Return (annualized) | +19.89%Best | +15.41% |
| 5Y Return (annualized) | +11.96%Best | +10.16% |
| Volatility (annualized) | 18.9% | 16.6%Best |
| Max Drawdown | -35.5% | -33.4%Best |
| $10,000 over 5 years | $17,592Best | $16,223 |
| Fund Family | Overlay Shares | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 30, 2019 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 1, 2019 to Sep 18, 2026 (7 years).
OVL 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 7 years both funds cover.
OVL vs SCHD Performance
Overlay Shares Large Cap Equity ETF (OVL) is an ETF from Overlay Shares and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year OVL returned +10.31% while SCHD returned +27.20%. Year to date, OVL is up 6.52% versus a gain of 23.46% for SCHD.
Over three years, OVL compounded at +19.89% per year against +15.41% for SCHD; over five years the annualized figures are +11.96% and +10.16% respectively. Across the full 7-year window we track, OVL has the edge at +15.89% annualized vs +12.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVL has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 16.6% 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 -35.5% for OVL 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVL charges 0.79% per year while SCHD charges 0.06%. On a $10,000 position that is $79 vs $6 annually, a gap of $73 per year that compounds over a long holding period. On income, OVL currently yields 8.14% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 2 holdings in OVL and 100 in SCHD, totalling 100.2% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in OVL and 100 in SCHD, against full books of 11 and 103.
You are not choosing between two funds in isolation.
Whichever of OVL 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, OVL or SCHD?
OVL has an expense ratio of 0.79% while SCHD charges 0.06%. SCHD is the cheaper option, by $73 a year on a $10,000 investment.
Which performed better, OVL or SCHD?
Over the past year OVL returned +10.31% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), OVL annualized +15.89% vs +12.46% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OVL or SCHD?
OVL has been the more volatile fund at 18.9% annualized versus 16.6% for SCHD. Worst drawdown: OVL -35.5% vs SCHD -33.4%.
Should I hold both OVL and SCHD?
OVL and SCHD have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, OVL or SCHD?
OVL yields 8.14% while SCHD yields 3.00%, so OVL currently pays the higher dividend yield.
Is SCHD better than OVL?
SCHD has a lower expense ratio. OVL led over 3Y, 5Y and the full window, SCHD over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.