PBJ vs SCHD
Invesco Food and Beverage 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 104 holdings.
Side-by-Side Comparison
| Metric | PBJ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.61% | 0.06% | |
| AUM | $91M | $108.7B | |
| Dividend Yield | 1.26% | 3.13% | |
| Holdings | 32 | 104 | |
| YTD Return | +8.10% | +26.21% | |
| 1Y Return | +1.12% | +29.99% | |
| 3Y Return (annualized) | +3.69% | +15.73% | |
| 5Y Return (annualized) | +3.75% | +9.67% | |
| Volatility (annualized) | 13.0% | 13.6% | |
| Max Drawdown | -41.7% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2005 | Oct 20, 2011 |
PBJ vs SCHD Performance
Invesco Food and Beverage ETF (PBJ) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PBJ returned +1.12% while SCHD returned +29.99%. Year to date, PBJ is up 8.10% versus a gain of 26.21% for SCHD.
Over three years, PBJ compounded at +3.69% per year against +15.73% for SCHD; over five years the annualized figures are +3.75% and +9.67% respectively. Across the full 15-year window we track, SCHD has the edge at +11.50% annualized vs +6.10%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 13.0% for PBJ. 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 -41.7% for PBJ 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
PBJ charges 0.61% per year while SCHD charges 0.06%. On a $10,000 position that is $61 vs $6 annually, a gap of $55 per year that compounds over a long holding period. On income, PBJ currently yields 1.26% against 3.13% for SCHD.
Holdings Overlap
PBJ and SCHD share 5 holdings out of 126 unique holdings combined, representing a 9.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PBJ or SCHD?
PBJ has an expense ratio of 0.61% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, PBJ or SCHD?
Over the past year PBJ returned +1.12% vs +29.99% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PBJ annualized +6.10% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, PBJ or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 13.0% for PBJ. Worst drawdown: PBJ -41.7% vs SCHD -33.4%.
Should I hold both PBJ and SCHD?
PBJ 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 PBJ and SCHD?
PBJ and SCHD share 5 common holdings with a 9.6% weight overlap. Combined, they hold 126 unique securities.
Which pays a higher dividend, PBJ or SCHD?
PBJ yields 1.26% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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