PBDC vs SCHD
Putnam BDC Income ETF vs Schwab US Dividend Equity ETF
Which is better, PBDC or SCHD?
Large Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 71.6%.
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 | PBDC | SCHD |
|---|---|---|
| Expense Ratio | 13.49% | 0.06%Best |
| AUM | $314M | $112.2B |
| Dividend Yield | 11.60% | 3.13% |
| Holdings | 28 | 103 |
| YTD Return | -3.44% | +27.56%Best |
| 1Y Return | -7.60% | +30.29%Best |
| 3Y Return (annualized) | +7.21% | +16.37%Best |
| 5Y Return (annualized) | - | +10.23% |
| Volatility (annualized) | 14.5% | 14.1%Best |
| Max Drawdown | -20.5% | -16.1%Best |
| $10,000 over 3.9 years | $16,420 | $17,948Best |
| Top 10 Weight | 71.6% | 41.5%Best |
| Fund Family | Putnam Investments | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 29, 2022 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Sep 30, 2022 to Sep 4, 2026 (3.9 years).
PBDC 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 3.9 years both funds cover.
PBDC vs SCHD Performance
Putnam BDC Income ETF (PBDC) is an ETF from Putnam Investments and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year PBDC returned -7.60% while SCHD returned +30.29%. Year to date, PBDC is down 3.44% versus a gain of 27.56% for SCHD.
Over three years, PBDC compounded at +7.21% per year against +16.37% for SCHD. Across the full 4-year window we track, SCHD has the edge at +16.18% annualized vs +13.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBDC has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 14.1% 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 -20.5% for PBDC and -16.1% 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 0.39. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PBDC charges 13.49% per year while SCHD charges 0.06%. On a $10,000 position that is $1349 vs $6 annually, a gap of $1343 per year that compounds over a long holding period. On income, PBDC currently yields 11.60% against 3.13% for SCHD.
Holdings Overlap
We hold position weights for 23 holdings in PBDC and 100 in SCHD, totalling 100.0% 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 23 positions we hold weights for in PBDC and 100 in SCHD, against full books of 28 and 103.
What only one of them owns
Our book lists 99 positions for SCHD that do not appear in our book for PBDC (99.9% of the fund), and 23 for PBDC that do not appear in SCHD (100.0%).
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.
You are not choosing between two funds in isolation.
Whichever of PBDC 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, PBDC or SCHD?
PBDC has an expense ratio of 13.49% while SCHD charges 0.06%. SCHD is the cheaper option, by $1343 a year on a $10,000 investment.
Which performed better, PBDC or SCHD?
Over the past year PBDC returned -7.60% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), PBDC annualized +13.56% vs +16.18% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBDC or SCHD?
PBDC has been the more volatile fund at 14.5% annualized versus 14.1% for SCHD. Worst drawdown: PBDC -20.5% vs SCHD -16.1%.
Should I hold both PBDC and SCHD?
PBDC and SCHD have a monthly-return correlation of 0.39, 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, PBDC or SCHD?
PBDC yields 11.60% while SCHD yields 3.13%, so PBDC currently pays the higher dividend yield.
Is SCHD better than PBDC?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 71.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.