PSCF vs SCHD
Invesco S&P SmallCap Financials ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. PSCF offers more diversification with 168 holdings.
Side-by-Side Comparison
| Metric | PSCF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.06% | |
| AUM | $28M | $108.7B | |
| Dividend Yield | 2.12% | 3.13% | |
| Holdings | 168 | 104 | |
| YTD Return | +18.02% | +25.69% | |
| 1Y Return | +22.69% | +30.41% | |
| 3Y Return (annualized) | +18.26% | +16.03% | |
| 5Y Return (annualized) | +6.04% | +9.64% | |
| Volatility (annualized) | 19.6% | 13.6% | |
| Max Drawdown | -49.9% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2010 | Oct 20, 2011 |
PSCF vs SCHD Performance
Invesco S&P SmallCap Financials ETF (PSCF) 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 PSCF returned +22.69% while SCHD returned +30.41%. Year to date, PSCF is up 18.02% versus a gain of 25.69% for SCHD.
Over three years, PSCF compounded at +18.26% per year against +16.03% for SCHD; over five years the annualized figures are +6.04% and +9.64% respectively. Across the full 15-year window we track, SCHD has the edge at +11.46% annualized vs +6.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCF has been the more volatile fund, with annualized monthly volatility of 19.6% 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 -49.9% for PSCF 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSCF 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, PSCF currently yields 2.12% against 3.13% for SCHD.
Holdings Overlap
PSCF and SCHD share 16 holdings out of 250 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PSCF or SCHD?
PSCF 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, PSCF or SCHD?
Over the past year PSCF returned +22.69% vs +30.41% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PSCF annualized +6.99% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, PSCF or SCHD?
PSCF has been the more volatile fund at 19.6% annualized versus 13.6% for SCHD. Worst drawdown: PSCF -49.9% vs SCHD -33.4%.
Should I hold both PSCF and SCHD?
PSCF and SCHD have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCF and SCHD?
PSCF and SCHD share 16 common holdings with a 0.8% weight overlap. Combined, they hold 250 unique securities.
Which pays a higher dividend, PSCF or SCHD?
PSCF yields 2.12% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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