OVS vs SCHD
Overlay Shares Small Cap Equity ETF vs Schwab US Dividend Equity ETF
Which is better, OVS 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.
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 | OVS | SCHD |
|---|---|---|
| Expense Ratio | 0.83% | 0.06%Best |
| AUM | $39M | $112.1B |
| Dividend Yield | 8.39% | 3.00% |
| Holdings | 11 | 103 |
| YTD Return | +10.58% | +24.59%Best |
| 1Y Return | +14.15% | +28.14%Best |
| 3Y Return (annualized) | +13.16% | +15.58%Best |
| 5Y Return (annualized) | +5.24% | +9.90%Best |
| Volatility (annualized) | 23.8% | 16.6%Best |
| Max Drawdown | -45.1% | -33.4%Best |
| $10,000 over 5 years | $12,909 | $16,032Best |
| Fund Family | Overlay Shares | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small 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 10, 2026 (6.9 years).
OVS 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 6.9 years both funds cover.
OVS vs SCHD Performance
Overlay Shares Small Cap Equity ETF (OVS) 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 OVS returned +14.15% while SCHD returned +28.14%. Year to date, OVS is up 10.58% versus a gain of 24.59% for SCHD.
Over three years, OVS compounded at +13.16% per year against +15.58% for SCHD; over five years the annualized figures are +5.24% and +9.90% respectively. Across the full 7-year window we track, SCHD has the edge at +12.65% annualized vs +10.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OVS has been the more volatile fund, with annualized monthly volatility of 23.8% 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 -45.1% for OVS 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OVS 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, OVS currently yields 8.39% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 2 holdings in OVS and 100 in SCHD, totalling 100.1% 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 OVS and 100 in SCHD, against full books of 11 and 103.
You are not choosing between two funds in isolation.
Whichever of OVS 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, OVS or SCHD?
OVS has an expense ratio of 0.83% while SCHD charges 0.06%. SCHD is the cheaper option, by $77 a year on a $10,000 investment.
Which performed better, OVS or SCHD?
Over the past year OVS returned +14.15% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), OVS annualized +10.28% vs +12.65% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OVS or SCHD?
OVS has been the more volatile fund at 23.8% annualized versus 16.6% for SCHD. Worst drawdown: OVS -45.1% vs SCHD -33.4%.
Should I hold both OVS and SCHD?
OVS and SCHD have a monthly-return correlation of 0.84, 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, OVS or SCHD?
OVS yields 8.39% while SCHD yields 3.00%, so OVS currently pays the higher dividend yield.
Is SCHD better than OVS?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.