RPV vs SCHD
Invesco S&P 500 Pure Value ETF vs Schwab US Dividend Equity ETF
Which is better, RPV or SCHD?
Each has led over a different period.
SCHD has a lower expense ratio. RPV led over 3Y, 5Y and the full window, SCHD over 1Y. RPV is less concentrated, with 20.2% 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 | RPV | SCHD |
|---|---|---|
| Expense Ratio | 0.35% | 0.06%Best |
| AUM | $1.7B | $112.1B |
| Dividend Yield | 2.24% | 3.00% |
| Holdings | 126 | 103 |
| YTD Return | +17.36% | +24.59%Best |
| 1Y Return | +27.70% | +28.14%Best |
| 3Y Return (annualized) | +19.53%Best | +15.58% |
| 5Y Return (annualized) | +12.51%Best | +9.90% |
| Volatility (annualized) | 18.9% | 13.6%Best |
| Max Drawdown | -52.3% | -33.4%Best |
| $10,000 over 5 years | $18,028Best | $16,032 |
| Top 10 Weight | 20.2%Best | 41.8% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 1, 2006 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 10, 2026 (14.9 years).
RPV 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.
RPV vs SCHD Performance
Invesco S&P 500 Pure Value ETF (RPV) 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 RPV returned +27.70% while SCHD returned +28.14%. Year to date, RPV is up 17.36% versus a gain of 24.59% for SCHD.
Over three years, RPV compounded at +19.53% per year against +15.58% for SCHD; over five years the annualized figures are +12.51% and +9.90% respectively. Across the full 15-year window we track, RPV has the edge at +11.45% annualized vs +11.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RPV has been the more volatile fund, with annualized monthly volatility of 18.9% 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 -52.3% for RPV 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 0.88. 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 2.24% against 3.00% for SCHD.
Holdings Overlap
14.3% of RPV's money is in holdings SCHD also owns. 30.2% of SCHD's money is in holdings RPV also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 120 positions we hold weights for in RPV and 100 in SCHD, against full books of 126 and 103.
What only one of them owns
Our book lists 83 positions for SCHD that do not appear in our book for RPV (69.7% of the fund), and 102 for RPV that do not appear in SCHD (83.7%).
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 RPV | Weight in SCHD | Difference |
|---|---|---|---|
| VZVerizon Communications, Inc. | 0.62% | 3.97% | 3.35% |
| CVXChevron Corp. | 0.56% | 4.02% | 3.46% |
| UNHUnitedhealth Group Inc. | 0.65% | 3.82% | 3.17% |
| COPConocophillips Co | 0.48% | 3.94% | 3.46% |
| TGTTarget Corp. | 1.78% | 1.78% | 0.00% |
| CMCSAComcast Corp. Class A | 1.00% | 2.31% | 1.31% |
| FFord Motor Co. | 1.94% | 1.33% | 0.61% |
| ADMArcher-Daniels-Midland Co. | 2.18% | 0.96% | 1.22% |
| SLBSchlumberger Nv. | 0.42% | 2.19% | 1.77% |
| DVNDevon Energy Corp. | 0.61% | 1.36% | 0.75% |
30.2% of SCHD is already inside RPV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $29 a year on a $10,000 investment.
Which performed better, RPV or SCHD?
Over the past year RPV returned +27.70% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), RPV annualized +11.45% vs +11.34% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RPV or SCHD?
RPV has been the more volatile fund at 18.9% annualized versus 13.6% for SCHD. Worst drawdown: RPV -52.3% vs SCHD -33.4%.
Should I hold both RPV and SCHD?
RPV and SCHD have a monthly-return correlation of 0.88, 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 RPV and SCHD?
30.2% of SCHD's money is in holdings RPV also owns. 30.2% of SCHD's is in holdings RPV also owns. They hold 16 positions in common, counted across the 120 positions we hold weights for in RPV and 100 in SCHD.
Which pays a higher dividend, RPV or SCHD?
RPV yields 2.24% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than RPV?
SCHD has a lower expense ratio. RPV led over 3Y, 5Y and the full window, SCHD over 1Y. RPV is less concentrated, with 20.2% 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.