PSCD vs SCHD
Invesco S&P SmallCap Consumer Discretionary 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 104 holdings.
Side-by-Side Comparison
| Metric | PSCD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.06% | |
| AUM | $24M | $108.7B | |
| Dividend Yield | 0.98% | 3.13% | |
| Holdings | 90 | 104 | |
| YTD Return | +15.07% | +26.54% | |
| 1Y Return | +10.89% | +30.90% | |
| 3Y Return (annualized) | +10.29% | +16.29% | |
| 5Y Return (annualized) | +2.50% | +9.65% | |
| Volatility (annualized) | 24.9% | 13.6% | |
| Max Drawdown | -57.3% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2010 | Oct 20, 2011 |
PSCD vs SCHD Performance
Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PSCD returned +10.89% while SCHD returned +30.90%. Year to date, PSCD is up 15.07% versus a gain of 26.54% for SCHD.
Over three years, PSCD compounded at +10.29% per year against +16.29% for SCHD; over five years the annualized figures are +2.50% and +9.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.51% annualized vs +10.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCD has been the more volatile fund, with annualized monthly volatility of 24.9% 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 worth weighing if you expect to sell during market stress rather than ride it out.
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
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. On a $10,000 investment, that is $23 per year of difference.
Which performed better, PSCD or SCHD?
Over the past year PSCD returned +10.89% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PSCD annualized +10.35% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, PSCD or SCHD?
PSCD has been the more volatile fund at 24.9% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCD and SCHD?
PSCD and SCHD share 2 common holdings with a 0.1% weight overlap. Combined, they hold 186 unique securities.
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.
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