SCHD vs SIXA
Schwab US Dividend Equity ETF vs ETC 6 Meridian Mega Cap Equity ETF
Which is better, SCHD or SIXA?
Each has led over a different period.
SCHD has a lower expense ratio. SCHD led over 1Y, SIXA over 3Y, 5Y and the full window. SIXA is less concentrated, with 35.9% 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 | SIXA |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.46% |
| AUM | $112.1B | $544M |
| Dividend Yield | 3.00% | 1.91% |
| Holdings | 103 | 51 |
| YTD Return | +23.46%Best | +16.22% |
| 1Y Return | +27.20%Best | +17.50% |
| 3Y Return (annualized) | +15.41% | +20.31%Best |
| 5Y Return (annualized) | +10.16% | +13.24%Best |
| Volatility (annualized) | 15.1% | 12.6%Best |
| Max Drawdown | -16.9%Best | -18.4% |
| $10,000 over 5 years | $16,223 | $18,621Best |
| Top 10 Weight | 41.8% | 35.9%Best |
| Fund Family | Charles Schwab Asset Management | 6 Meridian ETF |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | May 11, 2020 |
Volatility and max drawdown are measured over the window both funds cover: May 11, 2020 to Sep 18, 2026 (6.4 years).
SCHD vs SIXA 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 6.4 years both funds cover.
SCHD vs SIXA Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an ETF from 6 Meridian ETF. Over the past year SCHD returned +27.20% while SIXA returned +17.50%. Year to date, SCHD is up 23.46% versus a gain of 16.22% for SIXA.
Over three years, SCHD compounded at +15.41% per year against +20.31% for SIXA; over five years the annualized figures are +10.16% and +13.24% respectively. Across the full 6-year window we track, SIXA has the edge at +15.56% annualized vs +14.86%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.6% for SIXA. 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 -16.9% for SCHD and -18.4% for SIXA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SIXA charges 0.46%. On a $10,000 position that is $6 vs $46 annually, a gap of $40 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 1.91% for SIXA.
Holdings Overlap
41.2% of SCHD's money is in holdings SIXA also owns. 32.3% of SIXA's money is in holdings SCHD also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 100 positions we hold weights for in SCHD and 48 in SIXA, against full books of 103 and 51.
What only one of them owns
Measured across the 100 and 48 positions we hold weights for.
SCHD holds 87 positions SIXA does not, 58.8% of the fund.
Largest: AMGN 4.70%, ABT 4.69%, CVX 4.02%, HD 3.88%, UNH 3.82%
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SIXA | Difference |
|---|---|---|---|
| VZVerizon Communic | 3.97% | 4.15% | 0.18% |
| MOAltria Group Inc | 2.79% | 5.25% | 2.46% |
| PEPPepsico Inc. | 3.64% | 3.87% | 0.23% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 2.91% | 1.03% |
| PGProcter & Gamble Company | 3.83% | 2.61% | 1.22% |
| MRKMerck & Company Inc | 4.77% | 1.48% | 3.29% |
| BMYBristol-Myers Squibb Co. | 3.33% | 2.64% | 0.69% |
| KOCoca Cola Co. | 4.17% | 1.29% | 2.88% |
| QCOMQualcomm Inc. | 2.52% | 2.91% | 0.39% |
| CMCSAComcast Corp-class A Cmcsa | 2.31% | 2.83% | 0.52% |
41.2% of SCHD is already inside SIXA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, SCHD or SIXA?
SCHD has an expense ratio of 0.06% while SIXA charges 0.46%. SCHD is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, SCHD or SIXA?
Over the past year SCHD returned +27.20% vs +17.50% for SIXA, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +14.86% vs +15.56% for SIXA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SIXA?
SCHD has been the more volatile fund at 15.1% annualized versus 12.6% for SIXA. Worst drawdown: SCHD -16.9% vs SIXA -18.4%.
Should I hold both SCHD and SIXA?
SCHD and SIXA have a monthly-return correlation of 0.89, 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 SIXA?
41.2% of SCHD's money is in holdings SIXA also owns. 32.3% of SIXA's is in holdings SCHD also owns. They hold 12 positions in common, counted across the 100 positions we hold weights for in SCHD and 48 in SIXA.
Which pays a higher dividend, SCHD or SIXA?
SCHD yields 3.00% while SIXA yields 1.91%, so SCHD currently pays the higher dividend yield.
Is SIXA better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, SIXA over 3Y, 5Y and the full window. SIXA is less concentrated, with 35.9% 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.