PY vs SCHD
Principal Value ETF vs Schwab US Dividend Equity ETF
Which is better, PY or SCHD?
Mid Cap Value against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. PY is less concentrated, with 25.8% of the fund in its ten largest positions against 41.8%.
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 | PY | SCHD |
|---|---|---|
| Expense Ratio | 0.15% | 0.06%Best |
| AUM | $245M | $112.1B |
| Dividend Yield | 1.85% | 3.00% |
| Holdings | 100 | 103 |
| YTD Return | +10.55% | +24.23%Best |
| 1Y Return | +12.75% | +27.90%Best |
| 3Y Return (annualized) | +14.84% | +15.55%Best |
| 5Y Return (annualized) | +9.08% | +9.97%Best |
| Volatility (annualized) | 19.2% | 14.9%Best |
| Max Drawdown | -45.5% | -33.4%Best |
| $10,000 over 5 years | $15,443 | $16,083Best |
| Top 10 Weight | 25.8%Best | 41.8% |
| Fund Family | Principal Funds | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Mar 21, 2016 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Mar 22, 2016 to Sep 17, 2026 (10.5 years).
PY 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 covers the 10.5 years both funds cover.
PY vs SCHD Performance
Principal Value ETF (PY) is an ETF from Principal Funds and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year PY returned +12.75% while SCHD returned +27.90%. Year to date, PY is up 10.55% versus a gain of 24.23% for SCHD.
Over three years, PY compounded at +14.84% per year against +15.55% for SCHD; over five years the annualized figures are +9.08% and +9.97% respectively. Across the full 11-year window we track, SCHD has the edge at +11.35% annualized vs +9.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PY has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 14.9% 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 -45.5% for PY 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PY charges 0.15% per year while SCHD charges 0.06%. On a $10,000 position that is $15 vs $6 annually, a gap of $9 per year that compounds over a long holding period. On income, PY currently yields 1.85% against 3.00% for SCHD.
Holdings Overlap
24.3% of PY's money is in holdings SCHD also owns. 63.8% of SCHD's money is in holdings PY also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 101 positions we hold weights for in PY and 100 in SCHD, against full books of 100 and 103.
What only one of them owns
Our book lists 76 positions for SCHD that do not appear in our book for PY (36.1% of the fund), and 77 for PY that do not appear in SCHD (75.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in PY | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 1.69% | 4.77% | 3.08% |
| UNHUnitedhealth Group Incorporated | 1.93% | 3.82% | 1.89% |
| PGProcter & Gamble Company | 1.88% | 3.83% | 1.95% |
| KOCoca Cola Co. | 1.40% | 4.17% | 2.77% |
| VZVerizon Communic | 1.46% | 3.97% | 2.51% |
| AMGNAmgen Inc. | 0.60% | 4.70% | 4.10% |
| CVXChevron Corp | 1.14% | 4.02% | 2.88% |
| HDHome Depot Inc/The | 1.07% | 3.88% | 2.81% |
| PEPPepsico Inc. | 0.95% | 3.64% | 2.69% |
| BMYBristol-Myers Squibb Co. | 1.21% | 3.33% | 2.12% |
63.8% of SCHD is already inside PY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PY or SCHD?
PY has an expense ratio of 0.15% while SCHD charges 0.06%. SCHD is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, PY or SCHD?
Over the past year PY returned +12.75% vs +27.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), PY annualized +9.74% vs +11.35% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PY or SCHD?
PY has been the more volatile fund at 19.2% annualized versus 14.9% for SCHD. Worst drawdown: PY -45.5% vs SCHD -33.4%.
Should I hold both PY and SCHD?
PY and SCHD have a monthly-return correlation of 0.87, 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 PY and SCHD?
63.8% of SCHD's money is in holdings PY also owns. 63.8% of SCHD's is in holdings PY also owns. They hold 23 positions in common, counted across the 101 positions we hold weights for in PY and 100 in SCHD.
Which pays a higher dividend, PY or SCHD?
PY yields 1.85% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than PY?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. PY is less concentrated, with 25.8% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.