PGP vs SCHD
PGP vs SCHD
PIMCO Global StockPlus & Income Fund 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 | PGP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.64% | 0.06% | |
| AUM | $103M | $103.7B | |
| Dividend Yield | 9.11% | 3.31% | |
| Holdings | 417 | 104 | |
| YTD Return | -1.05% | +24.26% | |
| 1Y Return | +12.37% | +31.38% | |
| 3Y Return (annualized) | +16.69% | +15.08% | |
| 5Y Return (annualized) | +4.94% | +9.72% | |
| Volatility (annualized) | 26.3% | 13.6% | |
| Max Drawdown | -81.3% | -33.4% | |
| Fund Family | PIMCO (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 31, 2005 | Oct 20, 2011 |
PGP vs SCHD Performance
PIMCO Global StockPlus & Income Fund (PGP) 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 PGP returned +12.37% while SCHD returned +31.38%. Year to date, PGP is down 1.05% versus a gain of 24.26% for SCHD.
Over three years, PGP compounded at +16.69% per year against +15.08% for SCHD; over five years the annualized figures are +4.94% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs -2.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PGP has been the more volatile fund, with annualized monthly volatility of 26.3% 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 -81.3% for PGP 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PGP charges 2.64% per year while SCHD charges 0.06%. On a $10,000 position that is $264 vs $6 annually, a gap of $258 per year that compounds over a long holding period. On income, PGP currently yields 9.11% against 3.31% for SCHD.
Holdings Overlap
PGP and SCHD share 0 holdings out of 125 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PGP or SCHD?
PGP has an expense ratio of 2.64% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $258 per year of difference.
Which performed better, PGP or SCHD?
Over the past year PGP returned +12.37% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PGP annualized -2.40% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, PGP or SCHD?
PGP has been the more volatile fund at 26.3% annualized versus 13.6% for SCHD. Worst drawdown: PGP -81.3% vs SCHD -33.4%.
Should I hold both PGP and SCHD?
PGP and SCHD have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PGP and SCHD?
PGP and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 125 unique securities.
Which pays a higher dividend, PGP or SCHD?
PGP yields 9.11% while SCHD yields 3.31%, so PGP currently pays the higher dividend yield.
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