RZG vs SCHD
Invesco S&P Smallcap 600 Pure Growth ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. RZG offers more diversification with 129 holdings.
Side-by-Side Comparison
| Metric | RZG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $138M | $108.7B | |
| Dividend Yield | 0.44% | 3.13% | |
| Holdings | 129 | 104 | |
| YTD Return | +25.61% | +28.70% | |
| 1Y Return | +31.37% | +32.27% | |
| 3Y Return (annualized) | +18.89% | +17.27% | |
| 5Y Return (annualized) | +5.95% | +10.23% | |
| Volatility (annualized) | 21.6% | 13.7% | |
| Max Drawdown | -58.8% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 1, 2006 | Oct 20, 2011 |
RZG vs SCHD Performance
Invesco S&P Smallcap 600 Pure Growth ETF (RZG) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year RZG returned +31.37% while SCHD returned +32.27%. Year to date, RZG is up 25.61% versus a gain of 28.70% for SCHD.
Over three years, RZG compounded at +18.89% per year against +17.27% for SCHD; over five years the annualized figures are +5.95% and +10.23% respectively. Across the full 15-year window we track, SCHD has the edge at +11.63% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RZG has been the more volatile fund, with annualized monthly volatility of 21.6% compared with 13.7% 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 -58.8% for RZG 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RZG 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, RZG currently yields 0.44% against 3.13% for SCHD.
Holdings Overlap
RZG and SCHD share 1 holdings out of 225 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 RZG | Weight in SCHD | Difference |
|---|---|---|---|
| PFBC | 0.35% | 0.03% | 0.32% |
Frequently Asked Questions
Which is cheaper, RZG or SCHD?
RZG has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, RZG or SCHD?
Over the past year RZG returned +31.37% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), RZG annualized +8.82% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, RZG or SCHD?
RZG has been the more volatile fund at 21.6% annualized versus 13.7% for SCHD. Worst drawdown: RZG -58.8% vs SCHD -33.4%.
Should I hold both RZG and SCHD?
RZG and SCHD have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RZG and SCHD?
RZG and SCHD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 225 unique securities.
Which pays a higher dividend, RZG or SCHD?
RZG yields 0.44% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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