PSL vs SCHD
Invesco Dorsey Wright Consumer Staples Momentum 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 100 holdings.
Side-by-Side Comparison
| Metric | PSL | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.06% | |
| AUM | $84M | $103.7B | |
| Dividend Yield | 0.75% | 3.31% | |
| Holdings | 50 | 104 | |
| YTD Return | +13.90% | +25.62% | |
| 1Y Return | +3.70% | +32.62% | |
| 3Y Return (annualized) | +10.04% | +15.58% | |
| 5Y Return (annualized) | +5.52% | +9.63% | |
| Volatility (annualized) | 13.9% | 13.6% | |
| Max Drawdown | -42.0% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2006 | Oct 20, 2011 |
PSL vs SCHD Performance
Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL) 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 PSL returned +3.70% while SCHD returned +32.62%. Year to date, PSL is up 13.90% versus a gain of 25.62% for SCHD.
Over three years, PSL compounded at +10.04% per year against +15.58% for SCHD; over five years the annualized figures are +5.52% and +9.63% respectively. Across the full 15-year window we track, SCHD has the edge at +11.47% annualized vs +8.25%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSL has been the more volatile fund, with annualized monthly volatility of 13.9% 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 -42.0% for PSL 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSL charges 0.60% per year while SCHD charges 0.06%. On a $10,000 position that is $60 vs $6 annually, a gap of $54 per year that compounds over a long holding period. On income, PSL currently yields 0.75% against 3.31% for SCHD.
Holdings Overlap
PSL and SCHD share 5 holdings out of 143 unique holdings combined, representing a 9.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PSL or SCHD?
PSL has an expense ratio of 0.60% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, PSL or SCHD?
Over the past year PSL returned +3.70% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PSL annualized +8.25% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, PSL or SCHD?
PSL has been the more volatile fund at 13.9% annualized versus 13.6% for SCHD. Worst drawdown: PSL -42.0% vs SCHD -33.4%.
Should I hold both PSL and SCHD?
PSL and SCHD have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSL and SCHD?
PSL and SCHD share 5 common holdings with a 9.4% weight overlap. Combined, they hold 143 unique securities.
Which pays a higher dividend, PSL or SCHD?
PSL yields 0.75% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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