PIPE vs SCHD

PIPE vs SCHD

Which is better, PIPE or SCHD?

Mid Cap Value against Large Cap Value.

SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 55.0%.

Lower Fees: SCHDHigher Returns: SCHDLess Concentrated: SCHD

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

MetricPIPESCHD
Expense Ratio0.75%0.06%Best
AUM$68M$112.1B
Dividend Yield3.67%3.00%
Holdings29103
YTD Return+24.20%+24.23%Best
1Y Return+25.95%+27.90%Best
3Y Return (annualized)-+15.55%
5Y Return (annualized)-+9.97%
Volatility (annualized)14.3%13.9%Best
Max Drawdown-15.7%-14.0%Best
$10,000 over 1.6 years$12,556$12,694Best
Top 10 Weight55.0%41.8%Best
Fund FamilyInvesco (US)Charles Schwab Asset Management
CategoryEquityEquity
StyleMid Cap ValueLarge Cap Value
InceptionFeb 20, 2025Oct 20, 2011

Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 20, 2025 to Sep 17, 2026 (1.6 years).

PIPE 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 1.6 years both funds cover.

PIPE vs SCHD Performance

Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE) 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 PIPE returned +25.95% while SCHD returned +27.90%. Year to date, PIPE is up 24.20% versus a gain of 24.23% for SCHD.

Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

PIPE has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 13.9% 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 -15.7% for PIPE and -14.0% 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 0.69. They move together some of the time, and apart the rest.

Fees and Cost Over Time

PIPE charges 0.75% per year while SCHD charges 0.06%. On a $10,000 position that is $75 vs $6 annually, a gap of $69 per year that compounds over a long holding period. On income, PIPE currently yields 3.67% against 3.00% for SCHD.

Holdings Overlap

PIPE already in SCHD5.0%
SCHD already in PIPE1.5%

5.0% of PIPE's money is in holdings SCHD also owns. 1.5% of SCHD's money is in holdings PIPE also owns.

PIPE and SCHD share little of their money.

1 positions in common, counted across the 26 positions we hold weights for in PIPE and 100 in SCHD, against full books of 29 and 103.

What only one of them owns

Our book lists 98 positions for SCHD that do not appear in our book for PIPE (98.5% of the fund), and 19 for PIPE that do not appear in SCHD (74.0%).

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

StockWeight in PIPEWeight in SCHDDifference
OKEOneok Inc.5.00%1.47%3.53%

You are not choosing between two funds in isolation.

Whichever of PIPE and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.

PIPESCHD

Free for up to 10 holdings. No account needed.

Frequently Asked Questions

Which is cheaper, PIPE or SCHD?

PIPE has an expense ratio of 0.75% while SCHD charges 0.06%. SCHD is the cheaper option, by $69 a year on a $10,000 investment.

Which performed better, PIPE or SCHD?

Over the past year PIPE returned +25.95% vs +27.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), PIPE annualized +15.29% vs +16.08% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.

Which is riskier, PIPE or SCHD?

PIPE has been the more volatile fund at 14.3% annualized versus 13.9% for SCHD. Worst drawdown: PIPE -15.7% vs SCHD -14.0%.

Should I hold both PIPE and SCHD?

PIPE and SCHD have a monthly-return correlation of 0.69, 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 PIPE and SCHD?

5.0% of PIPE's money is in holdings SCHD also owns. 1.5% of SCHD's is in holdings PIPE also owns. They hold 1 positions in common, counted across the 26 positions we hold weights for in PIPE and 100 in SCHD.

Which pays a higher dividend, PIPE or SCHD?

PIPE yields 3.67% while SCHD yields 3.00%, so PIPE currently pays the higher dividend yield.

Is SCHD better than PIPE?

SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 55.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.