PWB vs SCHD
Invesco Large Cap Growth ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. PWB delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | PWB | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.06% | |
| AUM | $2.3B | $103.7B | |
| Dividend Yield | 0.00% | 3.31% | |
| Holdings | 53 | 104 | |
| YTD Return | +26.04% | +26.21% | |
| 1Y Return | +35.42% | +29.99% | |
| 3Y Return (annualized) | +32.01% | +15.73% | |
| 5Y Return (annualized) | +16.28% | +9.67% | |
| Volatility (annualized) | 16.7% | 13.6% | |
| Max Drawdown | -52.6% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 3, 2005 | Oct 20, 2011 |
PWB vs SCHD Performance
Invesco Large Cap Growth ETF (PWB) 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 PWB returned +35.42% while SCHD returned +29.99%. Year to date, PWB is up 26.04% versus a gain of 26.21% for SCHD.
Over three years, PWB compounded at +32.01% per year against +15.73% for SCHD; over five years the annualized figures are +16.28% and +9.67% respectively. Across the full 15-year window we track, PWB has the edge at +12.32% annualized vs +11.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWB has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -52.6% for PWB 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PWB charges 0.55% per year while SCHD charges 0.06%. On a $10,000 position that is $55 vs $6 annually, a gap of $49 per year that compounds over a long holding period. On income, PWB currently yields 0.00% against 3.31% for SCHD.
Holdings Overlap
PWB and SCHD share 1 holdings out of 150 unique holdings combined, representing a 1.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PWB | Weight in SCHD | Difference |
|---|---|---|---|
| TXN | 1.21% | 3.70% | 2.49% |
Frequently Asked Questions
Which is cheaper, PWB or SCHD?
PWB has an expense ratio of 0.55% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, PWB or SCHD?
Over the past year PWB returned +35.42% vs +29.99% for SCHD, so PWB leads on 1-year performance. Over the longest common window we track (15 years), PWB annualized +12.32% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, PWB or SCHD?
PWB has been the more volatile fund at 16.7% annualized versus 13.6% for SCHD. Worst drawdown: PWB -52.6% vs SCHD -33.4%.
Should I hold both PWB and SCHD?
PWB and SCHD have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PWB and SCHD?
PWB and SCHD share 1 common holdings with a 1.2% weight overlap. Combined, they hold 150 unique securities.
Which pays a higher dividend, PWB or SCHD?
PWB yields 0.00% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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