SCHD vs SGVT
Schwab US Dividend Equity ETF vs Schwab Government Money Market ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SGVT offers more diversification with 210 holdings.
Side-by-Side Comparison
| Metric | SCHD | SGVT | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.28% | |
| AUM | $112.2B | $902M | |
| Dividend Yield | 3.13% | 3.25% | |
| Holdings | 103 | 210 | |
| YTD Return | +28.59% | +2.24% | |
| 1Y Return | +31.77% | +3.57% | |
| 3Y Return (annualized) | +16.70% | - | |
| 5Y Return (annualized) | +10.09% | - | |
| Volatility (annualized) | 13.6% | 0.6% | |
| Max Drawdown | -33.4% | -0.3% | |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management | |
| Category | Equity | Money Market | |
| Inception | Oct 20, 2011 | Jun 12, 2025 |
SCHD vs SGVT Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Schwab Government Money Market ETF (SGVT) is a ETF from Charles Schwab Asset Management. Over the past year SCHD returned +31.77% while SGVT returned +3.57%. Year to date, SCHD is up 28.59% versus a gain of 2.24% for SGVT.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 0.6% for SGVT. 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 -0.3% for SGVT. 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SGVT charges 0.28%. On a $10,000 position that is $6 vs $28 annually, a gap of $22 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 3.25% for SGVT.
Holdings Overlap
SCHD and SGVT share 0 holdings out of 140 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SGVT?
SCHD has an expense ratio of 0.06% while SGVT charges 0.28%. SCHD is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, SCHD or SGVT?
Over the past year SCHD returned +31.77% vs +3.57% for SGVT, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.59% vs +3.69% for SGVT. Past performance does not guarantee future results.
Which is riskier, SCHD or SGVT?
SCHD has been the more volatile fund at 13.6% annualized versus 0.6% for SGVT. Worst drawdown: SCHD -33.4% vs SGVT -0.3%.
Should I hold both SCHD and SGVT?
SCHD and SGVT have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SGVT?
SCHD and SGVT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, SCHD or SGVT?
SCHD yields 3.13% while SGVT yields 3.25%, so SGVT currently pays the higher dividend yield.
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