Quick Verdict

SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.

Lower Fees: SCHDHigher Returns: SCHDMore Diversified: SCHD

Side-by-Side Comparison

MetricSAPHSCHDWinner
Expense Ratio0.19%0.06%
AUM$291,396.1$103.7B
Dividend Yield4.09%3.31%
Holdings2104
YTD Return-9.71%+24.26%
1Y Return-27.28%+31.38%
3Y Return (annualized)-+15.08%
5Y Return (annualized)-+9.72%
Volatility (annualized)29.6%13.6%
Max Drawdown-51.7%-33.4%
Fund FamilyADRHCharles Schwab Asset Management
CategoryAlternativeEquity
InceptionJan 3, 2025Oct 20, 2011

SAPH vs SCHD Performance

SAP SE ADRhedged (SAPH) is a ETF from ADRH and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year SAPH returned -27.28% while SCHD returned +31.38%. Year to date, SAPH is down 9.71% versus a gain of 24.26% for SCHD.

Risk: Volatility and Drawdowns

SAPH has been the more volatile fund, with annualized monthly volatility of 29.6% 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 -51.7% for SAPH 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 -0.04. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

SAPH charges 0.19% per year while SCHD charges 0.06%. On a $10,000 position that is $19 vs $6 annually, a gap of $13 per year that compounds over a long holding period. On income, SAPH currently yields 4.09% against 3.31% for SCHD.

Holdings Overlap

0.0%overlap

SAPH and SCHD share 0 holdings out of 101 unique holdings combined, representing a 0.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Frequently Asked Questions

Which is cheaper, SAPH or SCHD?

SAPH has an expense ratio of 0.19% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $13 per year of difference.

Which performed better, SAPH or SCHD?

Over the past year SAPH returned -27.28% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SAPH annualized -15.22% vs +11.39% for SCHD. Past performance does not guarantee future results.

Which is riskier, SAPH or SCHD?

SAPH has been the more volatile fund at 29.6% annualized versus 13.6% for SCHD. Worst drawdown: SAPH -51.7% vs SCHD -33.4%.

Should I hold both SAPH and SCHD?

SAPH and SCHD have a monthly-return correlation of -0.04, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between SAPH and SCHD?

SAPH and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.

Which pays a higher dividend, SAPH or SCHD?

SAPH yields 4.09% while SCHD yields 3.31%, so SAPH currently pays the higher dividend yield.

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