RZV vs SCHD
Invesco S&P Smallcap 600 Pure Value ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. RZV delivered stronger 1-year returns. RZV offers more diversification with 158 holdings.
Side-by-Side Comparison
| Metric | RZV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.06% | |
| AUM | $308M | $108.7B | |
| Dividend Yield | 1.40% | 3.13% | |
| Holdings | 158 | 104 | |
| YTD Return | +25.05% | +27.67% | |
| 1Y Return | +33.13% | +31.26% | |
| 3Y Return (annualized) | +18.49% | +16.66% | |
| 5Y Return (annualized) | +12.12% | +10.18% | |
| Volatility (annualized) | 29.1% | 13.6% | |
| Max Drawdown | -77.9% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 1, 2006 | Oct 20, 2011 |
RZV vs SCHD Performance
Invesco S&P Smallcap 600 Pure Value ETF (RZV) 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 RZV returned +33.13% while SCHD returned +31.26%. Year to date, RZV is up 25.05% versus a gain of 27.67% for SCHD.
Over three years, RZV compounded at +18.49% per year against +16.66% for SCHD; over five years the annualized figures are +12.12% and +10.18% respectively. Across the full 15-year window we track, SCHD has the edge at +11.57% annualized vs +7.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RZV has been the more volatile fund, with annualized monthly volatility of 29.1% 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 -77.9% for RZV 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RZV 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, RZV currently yields 1.40% against 3.13% for SCHD.
Holdings Overlap
RZV and SCHD share 3 holdings out of 253 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RZV or SCHD?
RZV 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, RZV or SCHD?
Over the past year RZV returned +33.13% vs +31.26% for SCHD, so RZV leads on 1-year performance. Over the longest common window we track (15 years), RZV annualized +7.33% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, RZV or SCHD?
RZV has been the more volatile fund at 29.1% annualized versus 13.6% for SCHD. Worst drawdown: RZV -77.9% vs SCHD -33.4%.
Should I hold both RZV and SCHD?
RZV and SCHD have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RZV and SCHD?
RZV and SCHD share 3 common holdings with a 0.2% weight overlap. Combined, they hold 253 unique securities.
Which pays a higher dividend, RZV or SCHD?
RZV yields 1.40% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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