SCHD vs SCHV
Schwab US Dividend Equity ETF vs Schwab US Large-Cap Value ETF
Which is better, SCHD or SCHV?
Each has led over a different period.
SCHV has a lower expense ratio. SCHD led over 1Y and the full window, SCHV over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. SCHV is less concentrated, with 20.4% 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 | SCHD | SCHV |
|---|---|---|
| Expense Ratio | 0.06% | 0.04%Best |
| AUM | $112.1B | $15.6B |
| Dividend Yield | 3.00% | 1.77% |
| Holdings | 103 | 560 |
| YTD Return | +24.23%Best | +14.93% |
| 1Y Return | +27.90%Best | +19.94% |
| 3Y Return (annualized) | +15.55% | +17.50%Best |
| 5Y Return (annualized) | +9.97% | +10.64%Best |
| Volatility (annualized) | 13.6%Best | 13.8% |
| Max Drawdown | -33.4%Best | -37.1% |
| $10,000 over 5 years | $16,083 | $16,579Best |
| Top 10 Weight | 41.8% | 20.4%Best |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | Dec 11, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 17, 2026 (14.9 years).
SCHD vs SCHV 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.
SCHD vs SCHV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Schwab US Large-Cap Value ETF (SCHV) is an ETF from Charles Schwab Asset Management. Over the past year SCHD returned +27.90% while SCHV returned +19.94%. Year to date, SCHD is up 24.23% versus a gain of 14.93% for SCHV.
Over three years, SCHD compounded at +15.55% per year against +17.50% for SCHV; over five years the annualized figures are +9.97% and +10.64% respectively. Across the full 15-year window we track, SCHD has the edge at +11.30% annualized vs +10.18%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHV has been the more volatile fund, with annualized monthly volatility of 13.8% 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 -37.1% for SCHV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHD charges 0.06% per year while SCHV charges 0.04%. On a $10,000 position that is $6 vs $4 annually, a gap of $2 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 1.77% for SCHV.
Holdings Overlap
93.4% of SCHD's money is in holdings SCHV also owns. 15.9% of SCHV's money is in holdings SCHD also owns.
Most of SCHD is already inside SCHV. Owning both mostly buys the same companies twice.
55 positions in common, counted across the 100 positions we hold weights for in SCHD and 555 in SCHV, against full books of 103 and 560.
What only one of them owns
Our book lists 484 positions for SCHV that do not appear in our book for SCHD (82.8% of the fund), and 44 for SCHD that do not appear in SCHV (6.5%).
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 SCHD | Weight in SCHV | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 1.15% | 3.62% |
| AMGNAmgen Inc. | 4.70% | 0.73% | 3.97% |
| ABTAbbott Laboratories | 4.69% | 0.61% | 4.08% |
| KOCoca Cola Co. | 4.17% | 1.08% | 3.09% |
| CVXChevron Corp | 4.02% | 1.22% | 2.80% |
| HDHome Depot Inc/The | 3.88% | 1.03% | 2.85% |
| PGProcter & Gamble Company | 3.83% | 1.07% | 2.76% |
| VZVerizon Communic | 3.97% | 0.66% | 3.31% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 0.51% | 3.43% |
| PEPPepsico Inc. | 3.64% | 0.60% | 3.04% |
93.4% of SCHD is already inside SCHV.
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, SCHD or SCHV?
SCHD has an expense ratio of 0.06% while SCHV charges 0.04%. SCHV is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, SCHD or SCHV?
Over the past year SCHD returned +27.90% vs +19.94% for SCHV, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.30% vs +10.18% for SCHV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SCHV?
SCHV has been the more volatile fund at 13.8% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SCHV -37.1%.
Should I hold both SCHD and SCHV?
SCHD and SCHV have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SCHD and SCHV?
93.4% of SCHD's money is in holdings SCHV also owns. 15.9% of SCHV's is in holdings SCHD also owns. They hold 55 positions in common, counted across the 100 positions we hold weights for in SCHD and 555 in SCHV.
Which pays a higher dividend, SCHD or SCHV?
SCHD yields 3.00% while SCHV yields 1.77%, so SCHD currently pays the higher dividend yield.
Is SCHV better than SCHD?
SCHV has a lower expense ratio. SCHD led over 1Y and the full window, SCHV over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. SCHV is less concentrated, with 20.4% 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.