PSCD vs SCHD
Invesco S&P SmallCap Consumer Discretionary ETF vs Schwab US Dividend Equity ETF
Which is better, PSCD or SCHD?
Small Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. PSCD is less concentrated, with 26.9% of the fund in its ten largest positions against 41.5%.
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 | PSCD | SCHD |
|---|---|---|
| Expense Ratio | 0.29% | 0.06%Best |
| AUM | $25M | $112.2B |
| Dividend Yield | 0.98% | 3.13% |
| Holdings | 90 | 103 |
| YTD Return | +10.86% | +27.56%Best |
| 1Y Return | +3.00% | +30.29%Best |
| 3Y Return (annualized) | +10.57% | +16.37%Best |
| 5Y Return (annualized) | +2.35% | +10.23%Best |
| Volatility (annualized) | 24.5% | 13.6%Best |
| Max Drawdown | -57.3% | -33.4%Best |
| $10,000 over 5 years | $11,232 | $16,274Best |
| Top 10 Weight | 26.9%Best | 41.5% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Apr 7, 2010 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 4, 2026 (14.9 years).
PSCD 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 14.9 years both funds cover.
PSCD vs SCHD Performance
Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) 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 PSCD returned +3.00% while SCHD returned +30.29%. Year to date, PSCD is up 10.86% versus a gain of 27.56% for SCHD.
Over three years, PSCD compounded at +10.57% per year against +16.37% for SCHD; over five years the annualized figures are +2.35% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.53% annualized vs +11.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCD has been the more volatile fund, with annualized monthly volatility of 24.5% 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 -57.3% for PSCD 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSCD charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, PSCD currently yields 0.98% against 3.13% for SCHD.
Holdings Overlap
1.0% of PSCD's money is in holdings SCHD also owns. 0.1% of SCHD's money is in holdings PSCD also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 90 positions we hold weights for in PSCD and 100 in SCHD, against full books of 90 and 103.
What only one of them owns
Our book lists 97 positions for SCHD that do not appear in our book for PSCD (99.8% of the fund), and 87 for PSCD that do not appear in SCHD (97.5%).
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.
You are not choosing between two funds in isolation.
Whichever of PSCD and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PSCD or SCHD?
PSCD has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, PSCD or SCHD?
Over the past year PSCD returned +3.00% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PSCD annualized +11.24% vs +11.53% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSCD or SCHD?
PSCD has been the more volatile fund at 24.5% annualized versus 13.6% for SCHD. Worst drawdown: PSCD -57.3% vs SCHD -33.4%.
Should I hold both PSCD and SCHD?
PSCD and SCHD have a monthly-return correlation of 0.72, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PSCD or SCHD?
PSCD yields 0.98% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than PSCD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. PSCD is less concentrated, with 26.9% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.