RPV vs SCHD
Invesco S&P 500 Pure Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. RPV delivered stronger 1-year returns. RPV offers more diversification with 126 holdings.
Side-by-Side Comparison
| Metric | RPV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $1.7B | $103.7B | |
| Dividend Yield | 2.38% | 3.31% | |
| Holdings | 126 | 104 | |
| YTD Return | +18.48% | +26.21% | |
| 1Y Return | +31.53% | +29.99% | |
| 3Y Return (annualized) | +18.42% | +15.73% | |
| 5Y Return (annualized) | +11.94% | +9.67% | |
| Volatility (annualized) | 22.1% | 13.6% | |
| Max Drawdown | -76.8% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 1, 2006 | Oct 20, 2011 |
RPV vs SCHD Performance
Invesco S&P 500 Pure Value ETF (RPV) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RPV returned +31.53% while SCHD returned +29.99%. Year to date, RPV is up 18.48% versus a gain of 26.21% for SCHD.
Over three years, RPV compounded at +18.42% per year against +15.73% for SCHD; over five years the annualized figures are +11.94% and +9.67% respectively. Across the full 15-year window we track, SCHD has the edge at +11.50% annualized vs +7.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RPV has been the more volatile fund, with annualized monthly volatility of 22.1% compared with 13.6% 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 -76.8% for RPV 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RPV charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, RPV currently yields 2.38% against 3.31% for SCHD.
Holdings Overlap
RPV and SCHD share 16 holdings out of 205 unique holdings combined, representing a 11.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RPV or SCHD?
RPV has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, RPV or SCHD?
Over the past year RPV returned +31.53% vs +29.99% for SCHD, so RPV leads on 1-year performance. Over the longest common window we track (15 years), RPV annualized +7.88% vs +11.50% for SCHD. Past performance does not guarantee future results.
Which is riskier, RPV or SCHD?
RPV has been the more volatile fund at 22.1% annualized versus 13.6% for SCHD. Worst drawdown: RPV -76.8% vs SCHD -33.4%.
Should I hold both RPV and SCHD?
RPV and SCHD have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RPV and SCHD?
RPV and SCHD share 16 common holdings with a 11.2% weight overlap. Combined, they hold 205 unique securities.
Which pays a higher dividend, RPV or SCHD?
RPV yields 2.38% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.