PDO vs SCHD
PIMCO Dynamic Income Opportunities Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. PDO offers more diversification with 635 holdings.
Side-by-Side Comparison
| Metric | PDO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 5.22% | 0.06% | |
| AUM | $1.9B | $108.7B | |
| Dividend Yield | 12.02% | 3.13% | |
| Holdings | 635 | 104 | |
| YTD Return | -0.75% | +26.54% | |
| 1Y Return | +5.13% | +30.90% | |
| 3Y Return (annualized) | +11.74% | +16.29% | |
| 5Y Return (annualized) | +2.08% | +9.65% | |
| Volatility (annualized) | 17.3% | 13.6% | |
| Max Drawdown | -36.8% | -33.4% | |
| Fund Family | PIMCO (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 29, 2021 | Oct 20, 2011 |
PDO vs SCHD Performance
PIMCO Dynamic Income Opportunities Fund (PDO) 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 PDO returned +5.13% while SCHD returned +30.90%. Year to date, PDO is down 0.75% versus a gain of 26.54% for SCHD.
Over three years, PDO compounded at +11.74% per year against +16.29% for SCHD; over five years the annualized figures are +2.08% and +9.65% respectively. Across the full 6-year window we track, SCHD has the edge at +11.51% annualized vs +3.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDO has been the more volatile fund, with annualized monthly volatility of 17.3% 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 -36.8% for PDO 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PDO charges 5.22% per year while SCHD charges 0.06%. On a $10,000 position that is $522 vs $6 annually, a gap of $516 per year that compounds over a long holding period. On income, PDO currently yields 12.02% against 3.13% for SCHD.
Holdings Overlap
PDO and SCHD share 1 holdings out of 116 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PDO | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXX | 0.04% | 0.05% | 0.01% |
Frequently Asked Questions
Which is cheaper, PDO or SCHD?
PDO has an expense ratio of 5.22% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $516 per year of difference.
Which performed better, PDO or SCHD?
Over the past year PDO returned +5.13% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), PDO annualized +3.80% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, PDO or SCHD?
PDO has been the more volatile fund at 17.3% annualized versus 13.6% for SCHD. Worst drawdown: PDO -36.8% vs SCHD -33.4%.
Should I hold both PDO and SCHD?
PDO and SCHD have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PDO and SCHD?
PDO and SCHD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 116 unique securities.
Which pays a higher dividend, PDO or SCHD?
PDO yields 12.02% while SCHD yields 3.13%, so PDO currently pays the higher dividend yield.
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