QOWZ vs SCHD
Invesco Nasdaq Free Cash Flow Achievers ETF vs Schwab US Dividend Equity ETF
Which is better, QOWZ or SCHD?
Large Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. QOWZ is less concentrated, with 41.1% 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 | QOWZ | SCHD |
|---|---|---|
| Expense Ratio | 0.39% | 0.06%Best |
| AUM | $11M | $112.1B |
| Dividend Yield | 0.25% | 3.00% |
| Holdings | 52 | 103 |
| YTD Return | +2.06% | +25.84%Best |
| 1Y Return | -1.20% | +30.18%Best |
| 3Y Return (annualized) | - | +16.08% |
| 5Y Return (annualized) | - | +9.97% |
| Volatility (annualized) | 14.5% | 12.7%Best |
| Max Drawdown | -20.4% | -16.1%Best |
| $10,000 over 2.8 years | $15,439 | $15,704Best |
| Top 10 Weight | 41.1%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Dec 6, 2023 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 6, 2023 to Sep 15, 2026 (2.8 years).
QOWZ 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 2.8 years both funds cover.
QOWZ vs SCHD Performance
Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) 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 QOWZ returned -1.20% while SCHD returned +30.18%. Year to date, QOWZ is up 2.06% versus a gain of 25.84% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QOWZ has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 12.7% 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 -20.4% for QOWZ and -16.1% 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 0.32. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QOWZ charges 0.39% per year while SCHD charges 0.06%. On a $10,000 position that is $39 vs $6 annually, a gap of $33 per year that compounds over a long holding period. On income, QOWZ currently yields 0.25% against 3.00% for SCHD.
Holdings Overlap
3.0% of QOWZ's money is in holdings SCHD also owns. 2.8% of SCHD's money is in holdings QOWZ also owns.
QOWZ and SCHD share little of their money.
1 positions in common, counted across the 51 positions we hold weights for in QOWZ and 100 in SCHD, against full books of 52 and 103.
What only one of them owns
Our book lists 98 positions for SCHD that do not appear in our book for QOWZ (97.1% of the fund), and 49 for QOWZ that do not appear in SCHD (95.5%).
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 QOWZ | Weight in SCHD | Difference |
|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 2.98% | 2.79% | 0.19% |
You are not choosing between two funds in isolation.
Whichever of QOWZ 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, QOWZ or SCHD?
QOWZ has an expense ratio of 0.39% while SCHD charges 0.06%. SCHD is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, QOWZ or SCHD?
Over the past year QOWZ returned -1.20% vs +30.18% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QOWZ or SCHD?
QOWZ has been the more volatile fund at 14.5% annualized versus 12.7% for SCHD. Worst drawdown: QOWZ -20.4% vs SCHD -16.1%.
Should I hold both QOWZ and SCHD?
QOWZ and SCHD have a monthly-return correlation of 0.32, 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 QOWZ and SCHD?
3.0% of QOWZ's money is in holdings SCHD also owns. 2.8% of SCHD's is in holdings QOWZ also owns. They hold 1 positions in common, counted across the 51 positions we hold weights for in QOWZ and 100 in SCHD.
Which pays a higher dividend, QOWZ or SCHD?
QOWZ yields 0.25% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than QOWZ?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. QOWZ is less concentrated, with 41.1% 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.