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. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | SGVT | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.28% | |
| AUM | $103.7B | $839M | |
| Dividend Yield | 3.31% | 3.11% | |
| Holdings | 104 | 191 | |
| YTD Return | +25.33% | +1.74% | |
| 1Y Return | +32.31% | +3.32% | |
| 3Y Return (annualized) | +15.40% | - | |
| 5Y Return (annualized) | +9.70% | - | |
| Volatility (annualized) | 13.6% | 0.5% | |
| 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 +32.31% while SGVT returned +3.32%. Year to date, SCHD is up 25.33% versus a gain of 1.74% for SGVT.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 0.5% 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 -0.01. 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 3.31% against 3.11% for SGVT.
Holdings Overlap
SCHD and SGVT share 0 holdings out of 146 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 +32.31% vs +3.32% for SGVT, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.45% vs +3.46% 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 0.5% 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 -0.01, 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 146 unique securities.
Which pays a higher dividend, SCHD or SGVT?
SCHD yields 3.31% while SGVT yields 3.11%, so SCHD currently pays the higher dividend yield.
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