RWO vs SCHD
State Street SPDR Dow Jones Global Real Estate ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. RWO offers more diversification with 244 holdings.
Side-by-Side Comparison
| Metric | RWO | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $1.3B | $108.7B | |
| Dividend Yield | 3.14% | 3.13% | |
| Holdings | 244 | 104 | |
| YTD Return | +13.18% | +27.67% | |
| 1Y Return | +16.01% | +31.26% | |
| 3Y Return (annualized) | +11.89% | +16.66% | |
| 5Y Return (annualized) | +2.20% | +10.18% | |
| Volatility (annualized) | 20.1% | 13.6% | |
| Max Drawdown | -69.6% | -33.4% | |
| Fund Family | SPDR State Street Global Advisors | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 7, 2008 | Oct 20, 2011 |
RWO vs SCHD Performance
State Street SPDR Dow Jones Global Real Estate ETF (RWO) is a ETF from SPDR State Street Global Advisors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RWO returned +16.01% while SCHD returned +31.26%. Year to date, RWO is up 13.18% versus a gain of 27.67% for SCHD.
Over three years, RWO compounded at +11.89% per year against +16.66% for SCHD; over five years the annualized figures are +2.20% and +10.18% respectively. Across the full 15-year window we track, SCHD has the edge at +11.57% annualized vs +0.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWO has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -69.6% for RWO 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RWO charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, RWO currently yields 3.14% against 3.13% for SCHD.
Holdings Overlap
RWO and SCHD share 1 holdings out of 322 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in RWO | Weight in SCHD | Difference |
|---|---|---|---|
| GVMXX | 0.03% | 0.05% | 0.02% |
Frequently Asked Questions
Which is cheaper, RWO or SCHD?
RWO has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, RWO or SCHD?
Over the past year RWO returned +16.01% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), RWO annualized +0.99% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, RWO or SCHD?
RWO has been the more volatile fund at 20.1% annualized versus 13.6% for SCHD. Worst drawdown: RWO -69.6% vs SCHD -33.4%.
Should I hold both RWO and SCHD?
RWO and SCHD have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RWO and SCHD?
RWO and SCHD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 322 unique securities.
Which pays a higher dividend, RWO or SCHD?
RWO yields 3.14% while SCHD yields 3.13%, so RWO currently pays the higher dividend yield.
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