SCHD vs SCHK
Schwab US Dividend Equity ETF vs Schwab 1000 Index ETF
Quick Verdict
SCHK has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHK offers more diversification with 982 holdings.
Side-by-Side Comparison
| Metric | SCHD | SCHK | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.03% | |
| AUM | $103.7B | $5.7B | |
| Dividend Yield | 3.31% | 1.03% | |
| Holdings | 104 | 991 | |
| YTD Return | +25.33% | +14.03% | |
| 1Y Return | +32.31% | +23.04% | |
| 3Y Return (annualized) | +15.40% | +21.69% | |
| 5Y Return (annualized) | +9.70% | +12.65% | |
| Volatility (annualized) | 13.6% | 16.7% | |
| Max Drawdown | -33.4% | -34.8% | |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Oct 11, 2017 |
SCHD vs SCHK Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Schwab 1000 Index ETF (SCHK) is a ETF from Charles Schwab Asset Management. Over the past year SCHD returned +32.31% while SCHK returned +23.04%. Year to date, SCHD is up 25.33% versus a gain of 14.03% for SCHK.
Over three years, SCHD compounded at +15.40% per year against +21.69% for SCHK; over five years the annualized figures are +9.70% and +12.65% respectively. Across the full 9-year window we track, SCHK has the edge at +14.08% annualized vs +11.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHK has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -33.4% for SCHD and -34.8% for SCHK. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SCHK charges 0.03%. On a $10,000 position that is $6 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.03% for SCHK.
Holdings Overlap
SCHD and SCHK share 62 holdings out of 1020 unique holdings combined, representing a 7.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SCHK?
SCHD has an expense ratio of 0.06% while SCHK charges 0.03%. SCHK is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, SCHD or SCHK?
Over the past year SCHD returned +32.31% vs +23.04% for SCHK, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), SCHD annualized +11.45% vs +14.08% for SCHK. Past performance does not guarantee future results.
Which is riskier, SCHD or SCHK?
SCHK has been the more volatile fund at 16.7% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SCHK -34.8%.
Should I hold both SCHD and SCHK?
SCHD and SCHK have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SCHK?
SCHD and SCHK share 62 common holdings with a 7.7% weight overlap. Combined, they hold 1020 unique securities.
Which pays a higher dividend, SCHD or SCHK?
SCHD yields 3.31% while SCHK yields 1.03%, so SCHD currently pays the higher dividend yield.
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