SCHD vs SLQD
Schwab US Dividend Equity ETF vs iShares 0-5 Year Investment Grade Corporate Bond ETF
Quick Verdict
SCHD delivered stronger 1-year returns. SLQD offers more diversification with 3,046 holdings.
Side-by-Side Comparison
| Metric | SCHD | SLQD | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.06% | |
| AUM | $103.7B | $2.4B | |
| Dividend Yield | 3.31% | 4.31% | |
| Holdings | 104 | 3,046 | |
| YTD Return | +26.21% | +1.13% | |
| 1Y Return | +29.99% | +3.05% | |
| 3Y Return (annualized) | +15.73% | +5.50% | |
| 5Y Return (annualized) | +9.67% | +2.63% | |
| Volatility (annualized) | 13.6% | 2.3% | |
| Max Drawdown | -33.4% | -12.7% | |
| Fund Family | Charles Schwab Asset Management | iShares by BlackRock (US) | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Oct 15, 2013 |
SCHD vs SLQD Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is a ETF from iShares by BlackRock (US). Over the past year SCHD returned +29.99% while SLQD returned +3.05%. Year to date, SCHD is up 26.21% versus a gain of 1.13% for SLQD.
Over three years, SCHD compounded at +15.73% per year against +5.50% for SLQD; over five years the annualized figures are +9.67% and +2.63% respectively. Across the full 13-year window we track, SCHD has the edge at +11.50% annualized vs +1.37%. 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 2.3% for SLQD. 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 -12.7% for SLQD. 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SLQD charges 0.06%. On a $10,000 position that is $6 vs $6 annually. On income, SCHD currently yields 3.31% against 4.31% for SLQD.
Holdings Overlap
SCHD and SLQD share 0 holdings out of 2797 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 SLQD?
SCHD has an expense ratio of 0.06% while SLQD charges 0.06%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, SCHD or SLQD?
Over the past year SCHD returned +29.99% vs +3.05% for SLQD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), SCHD annualized +11.50% vs +1.37% for SLQD. Past performance does not guarantee future results.
Which is riskier, SCHD or SLQD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.3% for SLQD. Worst drawdown: SCHD -33.4% vs SLQD -12.7%.
Should I hold both SCHD and SLQD?
SCHD and SLQD have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SLQD?
SCHD and SLQD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2797 unique securities.
Which pays a higher dividend, SCHD or SLQD?
SCHD yields 3.31% while SLQD yields 4.31%, so SLQD currently pays the higher dividend yield.
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