PFFV vs SCHD
Global X Variable Rate Preferred 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 100 holdings.
Side-by-Side Comparison
| Metric | PFFV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.06% | |
| AUM | $304M | $103.7B | |
| Dividend Yield | 8.19% | 3.31% | |
| Holdings | 56 | 104 | |
| YTD Return | +2.15% | +25.33% | |
| 1Y Return | +2.66% | +32.31% | |
| 3Y Return (annualized) | +6.58% | +15.40% | |
| 5Y Return (annualized) | +2.03% | +9.70% | |
| Volatility (annualized) | 8.1% | 13.6% | |
| Max Drawdown | -19.0% | -33.4% | |
| Fund Family | Global X by mirae Asset | Charles Schwab Asset Management | |
| Category | Allocation/Balanced | Equity | |
| Inception | Jun 22, 2020 | Oct 20, 2011 |
PFFV vs SCHD Performance
Global X Variable Rate Preferred ETF (PFFV) is a ETF from Global X by mirae Asset and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PFFV returned +2.66% while SCHD returned +32.31%. Year to date, PFFV is up 2.15% versus a gain of 25.33% for SCHD.
Over three years, PFFV compounded at +6.58% per year against +15.40% for SCHD; over five years the annualized figures are +2.03% and +9.70% respectively. Across the full 6-year window we track, SCHD has the edge at +11.45% annualized vs +4.12%. 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 8.1% for PFFV. 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 -19.0% for PFFV 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PFFV charges 0.25% per year while SCHD charges 0.06%. On a $10,000 position that is $25 vs $6 annually, a gap of $19 per year that compounds over a long holding period. On income, PFFV currently yields 8.19% against 3.31% for SCHD.
Holdings Overlap
PFFV and SCHD share 1 holdings out of 124 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PFFV | Weight in SCHD | Difference |
|---|---|---|---|
| FITB | 2.29% | 1.35% | 0.94% |
Frequently Asked Questions
Which is cheaper, PFFV or SCHD?
PFFV has an expense ratio of 0.25% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, PFFV or SCHD?
Over the past year PFFV returned +2.66% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), PFFV annualized +4.12% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, PFFV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 8.1% for PFFV. Worst drawdown: PFFV -19.0% vs SCHD -33.4%.
Should I hold both PFFV and SCHD?
PFFV and SCHD have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PFFV and SCHD?
PFFV and SCHD share 1 common holdings with a 1.4% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, PFFV or SCHD?
PFFV yields 8.19% while SCHD yields 3.31%, so PFFV currently pays the higher dividend yield.
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