PSCH vs SCHD
Invesco S&P SmallCap Health Care ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. PSCH delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | PSCH | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.06% | |
| AUM | $183M | $108.7B | |
| Dividend Yield | 0.01% | 3.13% | |
| Holdings | 80 | 104 | |
| YTD Return | +26.12% | +26.54% | |
| 1Y Return | +38.85% | +30.90% | |
| 3Y Return (annualized) | +9.83% | +16.29% | |
| 5Y Return (annualized) | -1.82% | +9.65% | |
| Volatility (annualized) | 19.7% | 13.6% | |
| Max Drawdown | -46.3% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2010 | Oct 20, 2011 |
PSCH vs SCHD Performance
Invesco S&P SmallCap Health Care ETF (PSCH) 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 PSCH returned +38.85% while SCHD returned +30.90%. Year to date, PSCH is up 26.12% versus a gain of 26.54% for SCHD.
Over three years, PSCH compounded at +9.83% per year against +16.29% for SCHD; over five years the annualized figures are -1.82% and +9.65% respectively. Across the full 15-year window we track, PSCH has the edge at +12.40% annualized vs +11.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCH has been the more volatile fund, with annualized monthly volatility of 19.7% 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 -46.3% for PSCH 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PSCH 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, PSCH currently yields 0.01% against 3.13% for SCHD.
Holdings Overlap
PSCH and SCHD share 0 holdings out of 177 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PSCH or SCHD?
PSCH 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, PSCH or SCHD?
Over the past year PSCH returned +38.85% vs +30.90% for SCHD, so PSCH leads on 1-year performance. Over the longest common window we track (15 years), PSCH annualized +12.40% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, PSCH or SCHD?
PSCH has been the more volatile fund at 19.7% annualized versus 13.6% for SCHD. Worst drawdown: PSCH -46.3% vs SCHD -33.4%.
Should I hold both PSCH and SCHD?
PSCH and SCHD have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCH and SCHD?
PSCH and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 177 unique securities.
Which pays a higher dividend, PSCH or SCHD?
PSCH yields 0.01% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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