SCHB vs SCHD
Schwab US Broad Market ETF vs Schwab US Dividend Equity ETF
Which is better, SCHB or SCHD?
Large Cap Blend against Large Cap Value.
SCHB has a lower expense ratio. SCHB led over 3Y, 5Y and the full window, SCHD over 1Y. SCHB is less concentrated, with 33.8% of the fund in its ten largest positions against 41.8%.
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 | SCHB | SCHD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.06% |
| AUM | $44.3B | $112.1B |
| Dividend Yield | 1.02% | 3.00% |
| Holdings | 2,354 | 103 |
| YTD Return | +12.39% | +23.46%Best |
| 1Y Return | +16.06% | +27.20%Best |
| 3Y Return (annualized) | +21.03%Best | +15.41% |
| 5Y Return (annualized) | +12.42%Best | +10.16% |
| Volatility (annualized) | 14.4% | 13.7%Best |
| Max Drawdown | -35.3% | -33.4%Best |
| $10,000 over 5 years | $17,956Best | $16,223 |
| Top 10 Weight | 33.8%Best | 41.8% |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 3, 2009 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 18, 2026 (14.9 years).
SCHB 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.
SCHB vs SCHD Performance
Schwab US Broad Market ETF (SCHB) is an ETF from Charles Schwab Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year SCHB returned +16.06% while SCHD returned +27.20%. Year to date, SCHB is up 12.39% versus a gain of 23.46% for SCHD.
Over three years, SCHB compounded at +21.03% per year against +15.41% for SCHD; over five years the annualized figures are +12.42% and +10.16% respectively. Across the full 15-year window we track, SCHB has the edge at +13.39% annualized vs +11.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHB has been the more volatile fund, with annualized monthly volatility of 14.4% 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 -35.3% for SCHB 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHB charges 0.03% per year while SCHD charges 0.06%. On a $10,000 position that is $3 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHB currently yields 1.02% against 3.00% for SCHD.
Holdings Overlap
7.0% of SCHB's money is in holdings SCHD also owns. 97.0% of SCHD's money is in holdings SCHB also owns.
Most of SCHD is already inside SCHB. Owning both mostly buys the same companies twice.
97 positions in common, counted across the 2,345 positions we hold weights for in SCHB and 100 in SCHD, against full books of 2,354 and 103.
What only one of them owns
Our book lists 3 positions for SCHD that do not appear in our book for SCHB (2.9% of the fund), and 1,088 for SCHB that do not appear in SCHD (90.6%).
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 SCHB | Weight in SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.42% | 4.77% | 4.35% |
| AMGNAmgen Inc. | 0.29% | 4.70% | 4.41% |
| ABTAbbott Laboratories | 0.25% | 4.69% | 4.44% |
| KOCoca Cola Co. | 0.45% | 4.17% | 3.72% |
| CVXChevron Corp | 0.47% | 4.02% | 3.55% |
| HDHome Depot Inc/The | 0.47% | 3.88% | 3.41% |
| UNHUnitedhealth Group Incorporated | 0.50% | 3.82% | 3.32% |
| PGProcter & Gamble Company | 0.46% | 3.83% | 3.37% |
| VZVerizon Communic | 0.26% | 3.97% | 3.71% |
| COPConocophillips Common Stock USD 0.01 | 0.19% | 3.94% | 3.75% |
97.0% of SCHD is already inside SCHB.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHB or SCHD?
SCHB has an expense ratio of 0.03% while SCHD charges 0.06%. SCHB is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, SCHB or SCHD?
Over the past year SCHB returned +16.06% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHB annualized +13.39% vs +11.25% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHB or SCHD?
SCHB has been the more volatile fund at 14.4% annualized versus 13.7% for SCHD. Worst drawdown: SCHB -35.3% vs SCHD -33.4%.
Should I hold both SCHB and SCHD?
SCHB and SCHD have a monthly-return correlation of 0.85, 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 SCHB and SCHD?
97.0% of SCHD's money is in holdings SCHB also owns. 97.0% of SCHD's is in holdings SCHB also owns. They hold 97 positions in common, counted across the 2,345 positions we hold weights for in SCHB and 100 in SCHD.
Which pays a higher dividend, SCHB or SCHD?
SCHB yields 1.02% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than SCHB?
SCHB has a lower expense ratio. SCHB led over 3Y, 5Y and the full window, SCHD over 1Y. SCHB is less concentrated, with 33.8% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.