SCHD vs SCHX
Schwab US Dividend Equity ETF vs Schwab US Large-Cap ETF
Which is better, SCHD or SCHX?
Large Cap Value against Large Cap Blend.
SCHX has a lower expense ratio. SCHD led over 1Y, SCHX over 3Y, 5Y and the full window. SCHX is less concentrated, with 36.2% 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 | SCHX |
|---|---|---|
| Expense Ratio | 0.06% | 0.03%Best |
| AUM | $112.1B | $73.6B |
| Dividend Yield | 3.00% | 1.00% |
| Holdings | 103 | 752 |
| YTD Return | +25.07%Best | +12.26% |
| 1Y Return | +27.61%Best | +16.80% |
| 3Y Return (annualized) | +15.74% | +21.13%Best |
| 5Y Return (annualized) | +9.89% | +12.33%Best |
| Volatility (annualized) | 13.6%Best | 14.1% |
| Max Drawdown | -33.4%Best | -34.3% |
| $10,000 over 5 years | $16,025 | $17,885Best |
| Top 10 Weight | 41.8% | 36.2%Best |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Nov 3, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 11, 2026 (14.9 years).
SCHD vs SCHX 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 SCHX Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Schwab US Large-Cap ETF (SCHX) is an ETF from Charles Schwab Asset Management. Over the past year SCHD returned +27.61% while SCHX returned +16.80%. Year to date, SCHD is up 25.07% versus a gain of 12.26% for SCHX.
Over three years, SCHD compounded at +15.74% per year against +21.13% for SCHX; over five years the annualized figures are +9.89% and +12.33% respectively. Across the full 15-year window we track, SCHX has the edge at +13.67% annualized vs +11.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHX has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -33.4% for SCHD and -34.3% for SCHX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SCHX 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 3.00% against 1.00% for SCHX.
Holdings Overlap
97.2% of SCHD's money is in holdings SCHX also owns. 7.5% of SCHX's money is in holdings SCHD also owns.
Most of SCHD is already inside SCHX. Owning both mostly buys the same companies twice.
56 positions in common, counted across the 100 positions we hold weights for in SCHD and 750 in SCHX, against full books of 103 and 752.
What only one of them owns
Our book lists 665 positions for SCHX that do not appear in our book for SCHD (91.5% of the fund), and 43 for SCHD that do not appear in SCHX (2.7%).
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 SCHX | Difference |
|---|---|---|---|
| MRKMerck & Co. Inc. | 4.77% | 0.45% | 4.32% |
| AMGNAmgen Inc. | 4.70% | 0.31% | 4.39% |
| ABTAbbott Laboratories | 4.69% | 0.27% | 4.42% |
| KOCoca Cola Co. | 4.17% | 0.48% | 3.69% |
| CVXChevron Corp. | 4.02% | 0.51% | 3.51% |
| HDHome Depot Inc/The | 3.88% | 0.50% | 3.38% |
| UNHUnitedhealth Group Inc. | 3.82% | 0.53% | 3.29% |
| PGProcter & Gamble Company | 3.83% | 0.49% | 3.34% |
| VZVerizon Communications, Inc. | 3.97% | 0.28% | 3.69% |
| COPConocophillips Co | 3.94% | 0.20% | 3.74% |
97.2% of SCHD is already inside SCHX.
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 SCHX?
SCHD has an expense ratio of 0.06% while SCHX charges 0.03%. SCHX is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, SCHD or SCHX?
Over the past year SCHD returned +27.61% vs +16.80% for SCHX, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.36% vs +13.67% for SCHX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SCHX?
SCHX has been the more volatile fund at 14.1% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SCHX -34.3%.
Should I hold both SCHD and SCHX?
SCHD and SCHX have a monthly-return correlation of 0.84, 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 SCHD and SCHX?
97.2% of SCHD's money is in holdings SCHX also owns. 7.5% of SCHX's is in holdings SCHD also owns. They hold 56 positions in common, counted across the 100 positions we hold weights for in SCHD and 750 in SCHX.
Which pays a higher dividend, SCHD or SCHX?
SCHD yields 3.00% while SCHX yields 1.00%, so SCHD currently pays the higher dividend yield.
Is SCHX better than SCHD?
SCHX has a lower expense ratio. SCHD led over 1Y, SCHX over 3Y, 5Y and the full window. SCHX is less concentrated, with 36.2% 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.