PSK vs SCHD
State Street SPDR ICE Preferred Securities ETF vs Schwab US Dividend Equity ETF
Which is better, PSK or SCHD?
Preferred Stock against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
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 | PSK | SCHD |
|---|---|---|
| Expense Ratio | 0.45% | 0.06%Best |
| AUM | $669M | $112.1B |
| Dividend Yield | 7.28% | 3.00% |
| Holdings | 165 | 103 |
| YTD Return | -4.69% | +23.46%Best |
| 1Y Return | -6.99% | +27.20%Best |
| 3Y Return (annualized) | +2.20% | +15.41%Best |
| 5Y Return (annualized) | -1.79% | +10.16%Best |
| Volatility (annualized) | 9.0%Best | 13.7% |
| Max Drawdown | -34.1% | -33.4%Best |
| $10,000 over 5 years | $9,136 | $16,223Best |
| Fund Family | State Street Investment Management | Charles Schwab Asset Management |
| Category | Allocation/Balanced | Equity |
| Style | Preferred Stock | Large Cap Value |
| Inception | Sep 16, 2009 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 18, 2026 (14.9 years).
PSK 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
PSK vs SCHD Performance
State Street SPDR ICE Preferred Securities ETF (PSK) is an ETF from State Street Investment Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year PSK returned -6.99% while SCHD returned +27.20%. Year to date, PSK is down 4.69% versus a gain of 23.46% for SCHD.
Over three years, PSK compounded at +2.20% per year against +15.41% for SCHD; over five years the annualized figures are -1.79% and +10.16% respectively. Across the full 15-year window we track, SCHD has the edge at +11.25% annualized vs -0.33%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 9.0% for PSK. 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 -34.1% for PSK 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 0.46. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PSK charges 0.45% per year while SCHD charges 0.06%. On a $10,000 position that is $45 vs $6 annually, a gap of $39 per year that compounds over a long holding period. On income, PSK currently yields 7.28% against 3.00% for SCHD.
Holdings Overlap
At least 1.2% of SCHD's money is in holdings PSK also owns.
Stated as a floor: for PSK, our book for it covers 90.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and PSK share little of their money.
1 positions in common, counted across the 148 positions we hold weights for in PSK and 100 in SCHD, against full books of 165 and 103.
Top Shared Holdings
| Stock | Weight in PSK | Weight in SCHD | Difference |
|---|---|---|---|
| FITBFifth Third Bancorp | 0.58% | 1.19% | 0.61% |
You are not choosing between two funds in isolation.
Whichever of PSK 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, PSK or SCHD?
PSK has an expense ratio of 0.45% while SCHD charges 0.06%. SCHD is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, PSK or SCHD?
Over the past year PSK returned -6.99% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PSK annualized -0.33% vs +11.25% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSK or SCHD?
SCHD has been the more volatile fund at 13.7% annualized versus 9.0% for PSK. Worst drawdown: PSK -34.1% vs SCHD -33.4%.
Should I hold both PSK and SCHD?
PSK and SCHD have a monthly-return correlation of 0.46, 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 PSK and SCHD?
At least 1.2% of SCHD's money is in holdings PSK also owns. Our book for PSK is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 148 positions we hold weights for in PSK and 100 in SCHD.
Which pays a higher dividend, PSK or SCHD?
PSK yields 7.28% while SCHD yields 3.00%, so PSK currently pays the higher dividend yield.
Is SCHD better than PSK?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.