PHDG vs SCHD
Invesco S&P 500 Downside Hedged ETF vs Schwab US Dividend Equity ETF
Which is better, PHDG or SCHD?
All Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.1%.
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 | PHDG | SCHD |
|---|---|---|
| Expense Ratio | 0.39% | 0.06%Best |
| AUM | $62M | $112.1B |
| Dividend Yield | 1.67% | 3.00% |
| Holdings | 514 | 103 |
| YTD Return | +9.65% | +24.04%Best |
| 1Y Return | +11.62% | +27.95%Best |
| 3Y Return (annualized) | +10.14% | +15.51%Best |
| 5Y Return (annualized) | +3.85% | +9.80%Best |
| Volatility (annualized) | 9.8%Best | 14.1% |
| Max Drawdown | -23.6%Best | -33.4% |
| $10,000 over 5 years | $12,079 | $15,959Best |
| Top 10 Weight | 42.1% | 41.8%Best |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Value |
| Inception | Dec 5, 2012 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Dec 6, 2012 to Sep 16, 2026 (13.8 years).
PHDG 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 13.8 years both funds cover.
PHDG vs SCHD Performance
Invesco S&P 500 Downside Hedged ETF (PHDG) 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 PHDG returned +11.62% while SCHD returned +27.95%. Year to date, PHDG is up 9.65% versus a gain of 24.04% for SCHD.
Over three years, PHDG compounded at +10.14% per year against +15.51% for SCHD; over five years the annualized figures are +3.85% and +9.80% respectively. Across the full 14-year window we track, SCHD has the edge at +11.17% annualized vs +4.18%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 9.8% for PHDG. 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 -23.6% for PHDG 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 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PHDG charges 0.39% per year while SCHD charges 0.06%. On a $10,000 position that is $39 vs $6 annually, a gap of $33 per year that compounds over a long holding period. On income, PHDG currently yields 1.67% against 3.00% for SCHD.
Holdings Overlap
6.8% of PHDG's money is in holdings SCHD also owns. 94.9% of SCHD's money is in holdings PHDG also owns.
Most of SCHD is already inside PHDG. Owning both mostly buys the same companies twice.
46 positions in common, counted across the 486 positions we hold weights for in PHDG and 100 in SCHD, against full books of 514 and 103.
What only one of them owns
Our book lists 53 positions for SCHD that do not appear in our book for PHDG (5.1% of the fund), and 433 for PHDG that do not appear in SCHD (87.2%).
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 PHDG | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.46% | 4.77% | 4.31% |
| AMGNAmgen Inc. | 0.30% | 4.70% | 4.40% |
| ABTAbbott Laboratories | 0.24% | 4.69% | 4.45% |
| KOCoca Cola Co. | 0.44% | 4.17% | 3.73% |
| CVXChevron Corp | 0.50% | 4.02% | 3.52% |
| HDHome Depot Inc/The | 0.42% | 3.88% | 3.46% |
| UNHUnitedhealth Group Incorporated | 0.45% | 3.82% | 3.37% |
| PGProcter & Gamble Company | 0.43% | 3.83% | 3.40% |
| VZVerizon Communic | 0.27% | 3.97% | 3.70% |
| COPConocophillips Common Stock USD 0.01 | 0.21% | 3.94% | 3.73% |
94.9% of SCHD is already inside PHDG.
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, PHDG or SCHD?
PHDG has an expense ratio of 0.39% while SCHD charges 0.06%. SCHD is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, PHDG or SCHD?
Over the past year PHDG returned +11.62% vs +27.95% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (14 years), PHDG annualized +4.18% vs +11.17% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PHDG or SCHD?
SCHD has been the more volatile fund at 14.1% annualized versus 9.8% for PHDG. Worst drawdown: PHDG -23.6% vs SCHD -33.4%.
Should I hold both PHDG and SCHD?
PHDG and SCHD have a monthly-return correlation of 0.55, 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 PHDG and SCHD?
94.9% of SCHD's money is in holdings PHDG also owns. 94.9% of SCHD's is in holdings PHDG also owns. They hold 46 positions in common, counted across the 486 positions we hold weights for in PHDG and 100 in SCHD.
Which pays a higher dividend, PHDG or SCHD?
PHDG yields 1.67% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than PHDG?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.