SCHD vs SEPZ
Schwab US Dividend Equity ETF vs TrueShares Structured Outcome (September) ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | SEPZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.80% | |
| AUM | $103.7B | $127M | |
| Dividend Yield | 3.31% | 2.04% | |
| Holdings | 104 | 6 | |
| YTD Return | +26.21% | +11.30% | |
| 1Y Return | +29.99% | +13.99% | |
| 3Y Return (annualized) | +15.73% | +13.98% | |
| 5Y Return (annualized) | +9.67% | +9.82% | |
| Volatility (annualized) | 13.6% | 11.7% | |
| Max Drawdown | -33.4% | -17.1% | |
| Fund Family | Charles Schwab Asset Management | TrueShares | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Aug 31, 2020 |
SCHD vs SEPZ Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and TrueShares Structured Outcome (September) ETF (SEPZ) is a ETF from TrueShares. Over the past year SCHD returned +29.99% while SEPZ returned +13.99%. Year to date, SCHD is up 26.21% versus a gain of 11.30% for SEPZ.
Over three years, SCHD compounded at +15.73% per year against +13.98% for SEPZ; over five years the annualized figures are +9.67% and +9.82% respectively. Across the full 6-year window we track, SEPZ has the edge at +11.96% annualized vs +11.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.7% for SEPZ. 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 -17.1% for SEPZ. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SEPZ charges 0.80%. On a $10,000 position that is $6 vs $80 annually, a gap of $74 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 2.04% for SEPZ.
Holdings Overlap
SCHD and SEPZ share 1 holdings out of 100 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SEPZ | Difference |
|---|---|---|---|
| GVMXX | 0.04% | 0.07% | 0.03% |
Frequently Asked Questions
Which is cheaper, SCHD or SEPZ?
SCHD has an expense ratio of 0.06% while SEPZ charges 0.80%. SCHD is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, SCHD or SEPZ?
Over the past year SCHD returned +29.99% vs +13.99% for SEPZ, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +11.50% vs +11.96% for SEPZ. Past performance does not guarantee future results.
Which is riskier, SCHD or SEPZ?
SCHD has been the more volatile fund at 13.6% annualized versus 11.7% for SEPZ. Worst drawdown: SCHD -33.4% vs SEPZ -17.1%.
Should I hold both SCHD and SEPZ?
SCHD and SEPZ have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SEPZ?
SCHD and SEPZ share 1 common holdings with a 0.0% weight overlap. Combined, they hold 100 unique securities.
Which pays a higher dividend, SCHD or SEPZ?
SCHD yields 3.31% while SEPZ yields 2.04%, so SCHD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.