PAXS vs SCHD
PIMCO Access Income Fund 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 | PAXS | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.09% | 0.06% | |
| AUM | $693M | $103.7B | |
| Dividend Yield | 12.21% | 3.31% | |
| Holdings | 443 | 104 | |
| YTD Return | +0.76% | +25.58% | |
| 1Y Return | +2.45% | +31.06% | |
| 3Y Return (annualized) | +10.70% | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | 16.1% | 13.6% | |
| Max Drawdown | -22.3% | -33.4% | |
| Fund Family | PIMCO (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 31, 2022 | Oct 20, 2011 |
PAXS vs SCHD Performance
PIMCO Access Income Fund (PAXS) is a ETF from PIMCO (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PAXS returned +2.45% while SCHD returned +31.06%. Year to date, PAXS is up 0.76% versus a gain of 25.58% for SCHD.
Over three years, PAXS compounded at +10.70% per year against +15.55% for SCHD. Across the full 5-year window we track, SCHD has the edge at +11.46% annualized vs +4.32%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAXS has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -22.3% for PAXS 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PAXS charges 2.09% per year while SCHD charges 0.06%. On a $10,000 position that is $209 vs $6 annually, a gap of $203 per year that compounds over a long holding period. On income, PAXS currently yields 12.21% against 3.31% for SCHD.
Holdings Overlap
PAXS and SCHD share 0 holdings out of 109 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, PAXS or SCHD?
PAXS has an expense ratio of 2.09% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $203 per year of difference.
Which performed better, PAXS or SCHD?
Over the past year PAXS returned +2.45% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), PAXS annualized +4.32% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, PAXS or SCHD?
PAXS has been the more volatile fund at 16.1% annualized versus 13.6% for SCHD. Worst drawdown: PAXS -22.3% vs SCHD -33.4%.
Should I hold both PAXS and SCHD?
PAXS and SCHD have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PAXS and SCHD?
PAXS and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 109 unique securities.
Which pays a higher dividend, PAXS or SCHD?
PAXS yields 12.21% while SCHD yields 3.31%, so PAXS currently pays the higher dividend yield.
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