PYLD vs SCHD
PYLD vs SCHD
PIMCO Multisector Bond Active Exchange-Traded Fund vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. PYLD offers more diversification with 666 holdings.
Side-by-Side Comparison
| Metric | PYLD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.64% | 0.06% | |
| AUM | $15.0B | $103.7B | |
| Dividend Yield | 6.26% | 3.31% | |
| Holdings | 1,576 | 104 | |
| YTD Return | +0.94% | +24.26% | |
| 1Y Return | +4.78% | +31.38% | |
| 3Y Return (annualized) | +7.90% | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 4.8% | 13.6% | |
| Max Drawdown | -4.5% | -33.4% | |
| Fund Family | PIMCO (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 21, 2023 | Oct 20, 2011 |
PYLD vs SCHD Performance
PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is a ETF from PIMCO (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PYLD returned +4.78% while SCHD returned +31.38%. Year to date, PYLD is up 0.94% versus a gain of 24.26% for SCHD.
Over three years, PYLD compounded at +7.90% per year against +15.08% for SCHD. Across the full 3-year window we track, SCHD has the edge at +11.39% annualized vs +7.65%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.8% for PYLD. 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 -4.5% for PYLD 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PYLD charges 0.64% per year while SCHD charges 0.06%. On a $10,000 position that is $64 vs $6 annually, a gap of $58 per year that compounds over a long holding period. On income, PYLD currently yields 6.26% against 3.31% for SCHD.
Holdings Overlap
PYLD and SCHD share 0 holdings out of 766 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, PYLD or SCHD?
PYLD has an expense ratio of 0.64% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, PYLD or SCHD?
Over the past year PYLD returned +4.78% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), PYLD annualized +7.65% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, PYLD or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 4.8% for PYLD. Worst drawdown: PYLD -4.5% vs SCHD -33.4%.
Should I hold both PYLD and SCHD?
PYLD and SCHD have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PYLD and SCHD?
PYLD and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 766 unique securities.
Which pays a higher dividend, PYLD or SCHD?
PYLD yields 6.26% while SCHD yields 3.31%, so PYLD currently pays the higher dividend yield.
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