RVT vs SCHD
Royce Small-Cap Trust Inc vs Schwab US Dividend Equity ETF
Which is better, RVT or SCHD?
Small Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. RVT led over 3Y, SCHD over 1Y, 5Y and the full window. RVT is less concentrated, with 12.4% of the fund in its ten largest positions against 41.5%.
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 | RVT | SCHD |
|---|---|---|
| Expense Ratio | 1.34% | 0.06%Best |
| AUM | $1.7B | $112.2B |
| Dividend Yield | 6.98% | 3.13% |
| Holdings | 473 | 103 |
| YTD Return | +18.72% | +27.56%Best |
| 1Y Return | +24.68% | +30.29%Best |
| 3Y Return (annualized) | +19.93%Best | +16.37% |
| 5Y Return (annualized) | +8.48% | +10.23%Best |
| Volatility (annualized) | 21.2% | 13.6%Best |
| Max Drawdown | -53.8% | -33.4%Best |
| $10,000 over 5 years | $15,023 | $16,274Best |
| Top 10 Weight | 12.4%Best | 41.5% |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Nov 19, 1986 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 4, 2026 (14.9 years).
RVT 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.
RVT vs SCHD Performance
Royce Small-Cap Trust Inc (RVT) is an ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year RVT returned +24.68% while SCHD returned +30.29%. Year to date, RVT is up 18.72% versus a gain of 27.56% for SCHD.
Over three years, RVT compounded at +19.93% per year against +16.37% for SCHD; over five years the annualized figures are +8.48% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.53% annualized vs +6.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RVT has been the more volatile fund, with annualized monthly volatility of 21.2% 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 -53.8% for RVT 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 0.81. 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 6.98% against 3.13% for SCHD.
Holdings Overlap
3.6% of RVT's money is in holdings SCHD also owns. 1.7% of SCHD's money is in holdings RVT also owns.
RVT and SCHD share little of their money.
18 positions in common, counted across the 424 positions we hold weights for in RVT and 100 in SCHD, against full books of 473 and 103.
What only one of them owns
Our book lists 81 positions for SCHD that do not appear in our book for RVT (98.0% of the fund), and 367 for RVT that do not appear in SCHD (81.9%).
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 RVT | Weight in SCHD | Difference |
|---|---|---|---|
| IPARInter Parfums Inc | 0.83% | 0.06% | 0.77% |
| ARESAres Management Corp Preferred Stock 7 | 0.13% | 0.72% | 0.59% |
| KFYKorn Ferry | 0.47% | 0.11% | 0.36% |
| APAMArtisan Partners Asset Management, Inc. | 0.36% | 0.08% | 0.28% |
| MSMMsc Industrial Direct Co Inc | 0.25% | 0.14% | 0.11% |
| NSPInsperity Inc | 0.27% | 0.05% | 0.22% |
| MCMoelis + Co Class A | 0.18% | 0.12% | 0.06% |
| AMSFAmerisafe Inc | 0.18% | 0.01% | 0.17% |
| GABCGerman American Bancorp Inc Common Stock | 0.14% | 0.05% | 0.09% |
| WUWestern Union Co. | 0.12% | 0.06% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of RVT 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, RVT or SCHD?
RVT has an expense ratio of 1.34% while SCHD charges 0.06%. SCHD is the cheaper option, by $128 a year on a $10,000 investment.
Which performed better, RVT or SCHD?
Over the past year RVT returned +24.68% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), RVT annualized +6.31% vs +11.53% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RVT or SCHD?
RVT has been the more volatile fund at 21.2% annualized versus 13.6% for SCHD. Worst drawdown: RVT -53.8% vs SCHD -33.4%.
Should I hold both RVT and SCHD?
RVT and SCHD have a monthly-return correlation of 0.81, 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 RVT and SCHD?
3.6% of RVT's money is in holdings SCHD also owns. 1.7% of SCHD's is in holdings RVT also owns. They hold 18 positions in common, counted across the 424 positions we hold weights for in RVT and 100 in SCHD.
Which pays a higher dividend, RVT or SCHD?
RVT yields 6.98% while SCHD yields 3.13%, so RVT currently pays the higher dividend yield.
Is SCHD better than RVT?
SCHD has a lower expense ratio. RVT led over 3Y, SCHD over 1Y, 5Y and the full window. RVT is less concentrated, with 12.4% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.