PZLV vs SCHD
Pzena US Large Cap Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | PZLV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.06% | |
| AUM | $71M | $108.7B | |
| Dividend Yield | 0.00% | 3.13% | |
| Holdings | 41 | 104 | |
| YTD Return | +23.75% | +27.67% | |
| 1Y Return | - | +31.26% | |
| 3Y Return (annualized) | - | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | - | 13.6% | |
| Max Drawdown | -2.8% | -33.4% | |
| Fund Family | Pzena Funds | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 1, 2026 | Oct 20, 2011 |
PZLV vs SCHD Performance
Pzena US Large Cap Value ETF (PZLV) is a ETF from Pzena Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Year to date, PZLV is up 23.75% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -2.8% for PZLV and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
PZLV 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, PZLV currently yields 0.00% against 3.13% for SCHD.
Holdings Overlap
PZLV and SCHD share 4 holdings out of 135 unique holdings combined, representing a 4.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PZLV or SCHD?
PZLV has an expense ratio of 0.60% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
What is the holdings overlap between PZLV and SCHD?
PZLV and SCHD share 4 common holdings with a 4.7% weight overlap. Combined, they hold 135 unique securities.
Which pays a higher dividend, PZLV or SCHD?
PZLV yields 0.00% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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