PXH vs SCHD
Invesco RAFI Emerging Markets ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. PXH offers more diversification with 368 holdings.
Side-by-Side Comparison
| Metric | PXH | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.06% | |
| AUM | $1.9B | $103.7B | |
| Dividend Yield | 4.37% | 3.31% | |
| Holdings | 401 | 104 | |
| YTD Return | +12.16% | +25.62% | |
| 1Y Return | +26.80% | +32.62% | |
| 3Y Return (annualized) | +21.18% | +15.58% | |
| 5Y Return (annualized) | +9.81% | +9.63% | |
| Volatility (annualized) | 21.8% | 13.6% | |
| Max Drawdown | -64.0% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2007 | Oct 20, 2011 |
PXH vs SCHD Performance
Invesco RAFI Emerging Markets ETF (PXH) 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 PXH returned +26.80% while SCHD returned +32.62%. Year to date, PXH is up 12.16% versus a gain of 25.62% for SCHD.
Over three years, PXH compounded at +21.18% per year against +15.58% for SCHD; over five years the annualized figures are +9.81% and +9.63% respectively. Across the full 15-year window we track, SCHD has the edge at +11.47% annualized vs +1.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PXH has been the more volatile fund, with annualized monthly volatility of 21.8% 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 -64.0% for PXH 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PXH charges 0.47% per year while SCHD charges 0.06%. On a $10,000 position that is $47 vs $6 annually, a gap of $41 per year that compounds over a long holding period. On income, PXH currently yields 4.37% against 3.31% for SCHD.
Holdings Overlap
PXH and SCHD share 0 holdings out of 468 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, PXH or SCHD?
PXH has an expense ratio of 0.47% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, PXH or SCHD?
Over the past year PXH returned +26.80% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PXH annualized +1.86% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, PXH or SCHD?
PXH has been the more volatile fund at 21.8% annualized versus 13.6% for SCHD. Worst drawdown: PXH -64.0% vs SCHD -33.4%.
Should I hold both PXH and SCHD?
PXH and SCHD have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PXH and SCHD?
PXH and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 468 unique securities.
Which pays a higher dividend, PXH or SCHD?
PXH yields 4.37% while SCHD yields 3.31%, so PXH currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.