PBUS vs SCHD
Invesco MSCI USA ETF vs Schwab US Dividend Equity ETF
Which is better, PBUS or SCHD?
Large Cap Blend against Large Cap Value.
PBUS has a lower expense ratio. PBUS led over 3Y, 5Y and the full window, SCHD over 1Y. PBUS is less concentrated, with 36.9% of the fund in its ten largest positions against 41.8%.
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 | PBUS | SCHD |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.06% |
| AUM | $11.6B | $112.1B |
| Dividend Yield | 1.03% | 3.00% |
| Holdings | 530 | 103 |
| YTD Return | +11.22% | +25.88%Best |
| 1Y Return | +15.16% | +30.22%Best |
| 3Y Return (annualized) | +20.94%Best | +16.05% |
| 5Y Return (annualized) | +12.27%Best | +10.17% |
| Volatility (annualized) | 16.0%Tie | 16.0%Tie |
| Max Drawdown | -33.2%Best | -33.4% |
| $10,000 over 5 years | $17,837Best | $16,230 |
| Top 10 Weight | 36.9%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 22, 2017 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2017 to Sep 14, 2026 (9 years).
PBUS 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 9 years both funds cover.
PBUS vs SCHD Performance
Invesco MSCI USA ETF (PBUS) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year PBUS returned +15.16% while SCHD returned +30.22%. Year to date, PBUS is up 11.22% versus a gain of 25.88% for SCHD.
Over three years, PBUS compounded at +20.94% per year against +16.05% for SCHD; over five years the annualized figures are +12.27% and +10.17% respectively. Across the full 9-year window we track, PBUS has the edge at +14.84% annualized vs +11.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBUS and SCHD have been equally volatile, both at 16.0% annualized.
The deepest peak-to-trough decline in our data was -33.2% for PBUS 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PBUS charges 0.04% per year while SCHD charges 0.06%. On a $10,000 position that is $4 vs $6 annually, a gap of $2 per year that compounds over a long holding period. On income, PBUS currently yields 1.03% against 3.00% for SCHD.
Holdings Overlap
8.0% of PBUS's money is in holdings SCHD also owns. 94.3% of SCHD's money is in holdings PBUS also owns.
Most of SCHD is already inside PBUS. Owning both mostly buys the same companies twice.
44 positions in common, counted across the 500 positions we hold weights for in PBUS and 100 in SCHD, against full books of 530 and 103.
What only one of them owns
Our book lists 55 positions for SCHD that do not appear in our book for PBUS (5.7% of the fund), and 443 for PBUS that do not appear in SCHD (89.3%).
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.
Top Shared Holdings
| Stock | Weight in PBUS | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.55% | 4.77% | 4.22% |
| AMGNAmgen Inc. | 0.35% | 4.70% | 4.35% |
| ABTAbbott Laboratories | 0.29% | 4.69% | 4.40% |
| KOCoca Cola Co. | 0.52% | 4.17% | 3.65% |
| CVXChevron Corp | 0.58% | 4.02% | 3.44% |
| HDHome Depot Inc/The | 0.49% | 3.88% | 3.39% |
| UNHUnitedhealth Group Incorporated | 0.53% | 3.82% | 3.29% |
| PGProcter & Gamble Company | 0.51% | 3.83% | 3.32% |
| VZVerizon Communic | 0.31% | 3.97% | 3.66% |
| COPConocophillips Common Stock USD 0.01 | 0.25% | 3.94% | 3.69% |
94.3% of SCHD is already inside PBUS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PBUS or SCHD?
PBUS has an expense ratio of 0.04% while SCHD charges 0.06%. PBUS is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, PBUS or SCHD?
Over the past year PBUS returned +15.16% vs +30.22% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), PBUS annualized +14.84% vs +11.59% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBUS or SCHD?
PBUS and SCHD have been equally volatile, both at 16.0% annualized. Worst drawdown: PBUS -33.2% vs SCHD -33.4%.
Should I hold both PBUS and SCHD?
PBUS and SCHD have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PBUS and SCHD?
94.3% of SCHD's money is in holdings PBUS also owns. 94.3% of SCHD's is in holdings PBUS also owns. They hold 44 positions in common, counted across the 500 positions we hold weights for in PBUS and 100 in SCHD.
Which pays a higher dividend, PBUS or SCHD?
PBUS yields 1.03% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than PBUS?
PBUS has a lower expense ratio. PBUS led over 3Y, 5Y and the full window, SCHD over 1Y. PBUS is less concentrated, with 36.9% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.