PYZ vs SCHD
Invesco Dorsey Wright Basic Materials Momentum ETF vs Schwab US Dividend Equity ETF
Which is better, PYZ or SCHD?
Small Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. PYZ is less concentrated, with 40.2% 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 | PYZ | SCHD |
|---|---|---|
| Expense Ratio | 0.60% | 0.06%Best |
| AUM | $74M | $112.1B |
| Dividend Yield | 0.48% | 3.00% |
| Holdings | 44 | 103 |
| YTD Return | +3.65% | +23.60%Best |
| 1Y Return | +9.55% | +28.29%Best |
| 3Y Return (annualized) | +15.31% | +16.25%Best |
| 5Y Return (annualized) | +8.37% | +10.25%Best |
| Volatility (annualized) | 22.3% | 13.7%Best |
| Max Drawdown | -53.9% | -33.4%Best |
| $10,000 over 5 years | $14,947 | $16,289Best |
| Top 10 Weight | 40.2%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Oct 12, 2006 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 21, 2026 (14.9 years).
PYZ 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 14.9 years both funds cover.
PYZ vs SCHD Performance
Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) is an ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year PYZ returned +9.55% while SCHD returned +28.29%. Year to date, PYZ is up 3.65% versus a gain of 23.60% for SCHD.
Over three years, PYZ compounded at +15.31% per year against +16.25% for SCHD; over five years the annualized figures are +8.37% and +10.25% respectively. Across the full 15-year window we track, SCHD has the edge at +11.25% annualized vs +9.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PYZ has been the more volatile fund, with annualized monthly volatility of 22.3% compared with 13.7% 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 -53.9% for PYZ 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PYZ 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, PYZ currently yields 0.48% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 43 holdings in PYZ and 100 in SCHD, totalling 100.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 43 positions we hold weights for in PYZ and 100 in SCHD, against full books of 44 and 103.
What only one of them owns
Measured across the 43 and 100 positions we hold weights for.
SCHD holds 99 positions PYZ does not, 99.9% of the fund.
Largest: MRK 4.77%, AMGN 4.70%, ABT 4.69%, KO 4.17%, CVX 4.02%
You are not choosing between two funds in isolation.
Whichever of PYZ and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PYZ or SCHD?
PYZ has an expense ratio of 0.60% while SCHD charges 0.06%. SCHD is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, PYZ or SCHD?
Over the past year PYZ returned +9.55% vs +28.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), PYZ annualized +9.82% vs +11.25% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PYZ or SCHD?
PYZ has been the more volatile fund at 22.3% annualized versus 13.7% for SCHD. Worst drawdown: PYZ -53.9% vs SCHD -33.4%.
Should I hold both PYZ and SCHD?
PYZ and SCHD have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PYZ or SCHD?
PYZ yields 0.48% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than PYZ?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. PYZ is less concentrated, with 40.2% 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.