SCHD vs SPBU
SCHD vs SPBU
Schwab US Dividend Equity ETF vs AllianzIM Buffer15 Uncapped Allocation 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 | SPBU | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.79% | |
| AUM | $103.7B | $174M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 13 | |
| YTD Return | +24.26% | +10.15% | |
| 1Y Return | +31.38% | +17.57% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 9.3% | |
| Max Drawdown | -33.4% | -8.3% | |
| Fund Family | Charles Schwab Asset Management | AllianzIM | |
| Category | Equity | Allocation/Balanced | |
| Inception | Oct 20, 2011 | Mar 5, 2025 |
SCHD vs SPBU Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and AllianzIM Buffer15 Uncapped Allocation ETF (SPBU) is a ETF from AllianzIM. Over the past year SCHD returned +31.38% while SPBU returned +17.57%. Year to date, SCHD is up 24.26% versus a gain of 10.15% for SPBU.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 9.3% for SPBU. 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 -8.3% for SPBU. 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPBU charges 0.79%. On a $10,000 position that is $6 vs $79 annually, a gap of $73 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.00% for SPBU.
Holdings Overlap
SCHD and SPBU share 0 holdings out of 112 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 SPBU?
SCHD has an expense ratio of 0.06% while SPBU charges 0.79%. SCHD is the cheaper option. On a $10,000 investment, that is $73 per year of difference.
Which performed better, SCHD or SPBU?
Over the past year SCHD returned +31.38% vs +17.57% for SPBU, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.39% vs +17.36% for SPBU. Past performance does not guarantee future results.
Which is riskier, SCHD or SPBU?
SCHD has been the more volatile fund at 13.6% annualized versus 9.3% for SPBU. Worst drawdown: SCHD -33.4% vs SPBU -8.3%.
Should I hold both SCHD and SPBU?
SCHD and SPBU have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPBU?
SCHD and SPBU share 0 common holdings with a 0.0% weight overlap. Combined, they hold 112 unique securities.
Which pays a higher dividend, SCHD or SPBU?
SCHD yields 3.31% while SPBU yields 0.00%, so SCHD currently pays the higher dividend yield.
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