RWK vs SCHD
Invesco S&P MidCap 400 Revenue ETF vs Schwab US Dividend Equity ETF
Which is better, RWK or SCHD?
Mid Cap Value against Large Cap Value.
SCHD has a lower expense ratio. RWK led over 3Y, 5Y and the full window, SCHD over 1Y. RWK is less concentrated, with 20.1% 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 | RWK | SCHD |
|---|---|---|
| Expense Ratio | 0.39% | 0.06%Best |
| AUM | $1.3B | $112.2B |
| Dividend Yield | 0.99% | 3.13% |
| Holdings | 402 | 103 |
| YTD Return | +17.10% | +27.56%Best |
| 1Y Return | +18.59% | +30.29%Best |
| 3Y Return (annualized) | +16.66%Best | +16.37% |
| 5Y Return (annualized) | +11.92%Best | +10.23% |
| Volatility (annualized) | 19.4% | 13.6%Best |
| Max Drawdown | -46.5% | -33.4%Best |
| $10,000 over 5 years | $17,561Best | $16,274 |
| Top 10 Weight | 20.1%Best | 41.5% |
| Fund Family | Invesco (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Value |
| Inception | Feb 20, 2008 | 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).
RWK 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.
RWK vs SCHD Performance
Invesco S&P MidCap 400 Revenue ETF (RWK) 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 RWK returned +18.59% while SCHD returned +30.29%. Year to date, RWK is up 17.10% versus a gain of 27.56% for SCHD.
Over three years, RWK compounded at +16.66% per year against +16.37% for SCHD; over five years the annualized figures are +11.92% and +10.23% respectively. Across the full 15-year window we track, RWK has the edge at +12.61% annualized vs +11.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWK has been the more volatile fund, with annualized monthly volatility of 19.4% 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 -46.5% for RWK 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RWK 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, RWK currently yields 0.99% against 3.13% for SCHD.
Holdings Overlap
7.6% of RWK's money is in holdings SCHD also owns. 3.6% of SCHD's money is in holdings RWK also owns.
RWK and SCHD share little of their money.
18 positions in common, counted across the 394 positions we hold weights for in RWK and 100 in SCHD, against full books of 402 and 103.
What only one of them owns
Our book lists 81 positions for SCHD that do not appear in our book for RWK (96.3% of the fund), and 370 for RWK that do not appear in SCHD (91.1%).
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 RWK | Weight in SCHD | Difference |
|---|---|---|---|
| DINOHollyfrontier | 1.35% | 0.31% | 1.04% |
| PAGPenske Automotive Group Inc | 1.49% | 0.10% | 1.39% |
| MMacy'S Inc. | 1.01% | 0.17% | 0.84% |
| FNFFidelity National Financial Inc. | 0.63% | 0.32% | 0.31% |
| ORIOld Republic International Corp - Common | 0.42% | 0.24% | 0.18% |
| BAHBooz Allen Hamilton Holding Corp C | 0.42% | 0.23% | 0.19% |
| ALV:STAutoliv, Inc. | 0.43% | 0.21% | 0.22% |
| EWBCEast West Bancorp, Inc. | 0.19% | 0.45% | 0.26% |
| AFGAmerican Financial Group Inc/Oh | 0.34% | 0.25% | 0.09% |
| WSOWatsco, Inc. | 0.25% | 0.29% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of RWK 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, RWK or SCHD?
RWK 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, RWK or SCHD?
Over the past year RWK returned +18.59% vs +30.29% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), RWK annualized +12.61% vs +11.53% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RWK or SCHD?
RWK has been the more volatile fund at 19.4% annualized versus 13.6% for SCHD. Worst drawdown: RWK -46.5% vs SCHD -33.4%.
Should I hold both RWK and SCHD?
RWK and SCHD have a monthly-return correlation of 0.86, 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 RWK and SCHD?
7.6% of RWK's money is in holdings SCHD also owns. 3.6% of SCHD's is in holdings RWK also owns. They hold 18 positions in common, counted across the 394 positions we hold weights for in RWK and 100 in SCHD.
Which pays a higher dividend, RWK or SCHD?
RWK yields 0.99% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
Is SCHD better than RWK?
SCHD has a lower expense ratio. RWK led over 3Y, 5Y and the full window, SCHD over 1Y. RWK is less concentrated, with 20.1% 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.