SCHD vs SIXA
SCHD vs SIXA
Schwab US Dividend Equity ETF vs ETC 6 Meridian Mega Cap Equity 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 | SIXA | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.46% | |
| AUM | $103.7B | $520M | |
| Dividend Yield | 3.31% | 2.01% | |
| Holdings | 104 | 50 | |
| YTD Return | +24.26% | +16.67% | |
| 1Y Return | +31.38% | +20.24% | |
| 3Y Return (annualized) | +15.08% | +20.05% | |
| 5Y Return (annualized) | +9.72% | +12.57% | |
| Volatility (annualized) | 13.6% | 12.7% | |
| Max Drawdown | -33.4% | -18.4% | |
| Fund Family | Charles Schwab Asset Management | 6 Meridian ETF | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | May 11, 2020 |
SCHD vs SIXA Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and ETC 6 Meridian Mega Cap Equity ETF (SIXA) is a ETF from 6 Meridian ETF. Over the past year SCHD returned +31.38% while SIXA returned +20.24%. Year to date, SCHD is up 24.26% versus a gain of 16.67% for SIXA.
Over three years, SCHD compounded at +15.08% per year against +20.05% for SIXA; over five years the annualized figures are +9.72% and +12.57% respectively. Across the full 6-year window we track, SIXA has the edge at +15.94% annualized vs +11.39%. 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 12.7% 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 -33.4% for SCHD and -18.4% for SIXA. 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 0.89. 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 3.31% against 2.01% for SIXA.
Holdings Overlap
SCHD and SIXA share 9 holdings out of 141 unique holdings combined, representing a 20.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SIXA | Difference |
|---|---|---|---|
| MO | 3.15% | 5.58% | 2.43% |
| PEP | 3.72% | 3.78% | 0.06% |
| VZ | 3.68% | 3.63% | 0.05% |
| COP | Pro | Pro | Pro |
| BMY | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| QCOM | Pro | Pro | Pro |
See all 9 holdings SCHD shares with SIXA Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
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. On a $10,000 investment, that is $40 per year of difference.
Which performed better, SCHD or SIXA?
Over the past year SCHD returned +31.38% vs +20.24% for SIXA, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +11.39% vs +15.94% for SIXA. Past performance does not guarantee future results.
Which is riskier, SCHD or SIXA?
SCHD has been the more volatile fund at 13.6% annualized versus 12.7% for SIXA. Worst drawdown: SCHD -33.4% vs SIXA -18.4%.
Should I hold both SCHD and SIXA?
SCHD and SIXA have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SIXA?
SCHD and SIXA share 9 common holdings with a 20.5% weight overlap. Combined, they hold 141 unique securities.
Which pays a higher dividend, SCHD or SIXA?
SCHD yields 3.31% while SIXA yields 2.01%, so SCHD currently pays the higher dividend yield.
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