RVT vs SCHD
Royce Small-Cap Trust Inc vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. RVT delivered stronger 1-year returns. RVT offers more diversification with 471 holdings.
Side-by-Side Comparison
| Metric | RVT | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.34% | 0.06% | |
| AUM | $1.7B | $103.7B | |
| Dividend Yield | 6.79% | 3.31% | |
| Holdings | 473 | 104 | |
| YTD Return | +20.97% | +25.62% | |
| 1Y Return | +35.17% | +32.62% | |
| 3Y Return (annualized) | +20.09% | +15.58% | |
| 5Y Return (annualized) | +8.95% | +9.63% | |
| Volatility (annualized) | 22.8% | 13.6% | |
| Max Drawdown | -79.1% | -33.4% | |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 19, 1986 | Oct 20, 2011 |
RVT vs SCHD Performance
Royce Small-Cap Trust Inc (RVT) is a ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RVT returned +35.17% while SCHD returned +32.62%. Year to date, RVT is up 20.97% versus a gain of 25.62% for SCHD.
Over three years, RVT compounded at +20.09% per year against +15.58% for SCHD; over five years the annualized figures are +8.95% and +9.63% respectively. Across the full 15-year window we track, SCHD has the edge at +11.47% annualized vs +3.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RVT has been the more volatile fund, with annualized monthly volatility of 22.8% 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 -79.1% for RVT 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RVT charges 1.34% per year while SCHD charges 0.06%. On a $10,000 position that is $134 vs $6 annually, a gap of $128 per year that compounds over a long holding period. On income, RVT currently yields 6.79% against 3.31% for SCHD.
Holdings Overlap
RVT and SCHD share 19 holdings out of 552 unique holdings combined, representing a 1.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RVT or SCHD?
RVT has an expense ratio of 1.34% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $128 per year of difference.
Which performed better, RVT or SCHD?
Over the past year RVT returned +35.17% vs +32.62% for SCHD, so RVT leads on 1-year performance. Over the longest common window we track (15 years), RVT annualized +3.03% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, RVT or SCHD?
RVT has been the more volatile fund at 22.8% annualized versus 13.6% for SCHD. Worst drawdown: RVT -79.1% vs SCHD -33.4%.
Should I hold both RVT and SCHD?
RVT and SCHD have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RVT and SCHD?
RVT and SCHD share 19 common holdings with a 1.0% weight overlap. Combined, they hold 552 unique securities.
Which pays a higher dividend, RVT or SCHD?
RVT yields 6.79% while SCHD yields 3.31%, so RVT currently pays the higher dividend yield.
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