SCHD vs SPBW
Schwab US Dividend Equity ETF vs AllianzIM Buffer20 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 | SPBW | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.79% | |
| AUM | $103.7B | $83M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 13 | |
| YTD Return | +24.26% | +6.25% | |
| 1Y Return | +31.38% | +10.94% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 4.9% | |
| Max Drawdown | -33.4% | -8.8% | |
| Fund Family | Charles Schwab Asset Management | AllianzIM | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Jan 7, 2025 |
SCHD vs SPBW Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and AllianzIM Buffer20 Allocation ETF (SPBW) is a ETF from AllianzIM. Over the past year SCHD returned +31.38% while SPBW returned +10.94%. Year to date, SCHD is up 24.26% versus a gain of 6.25% for SPBW.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.9% for SPBW. 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 -8.8% for SPBW. 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPBW 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 SPBW.
Holdings Overlap
SCHD and SPBW share 0 holdings out of 103 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 SPBW?
SCHD has an expense ratio of 0.06% while SPBW 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 SPBW?
Over the past year SCHD returned +31.38% vs +10.94% for SPBW, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.39% vs +10.18% for SPBW. Past performance does not guarantee future results.
Which is riskier, SCHD or SPBW?
SCHD has been the more volatile fund at 13.6% annualized versus 4.9% for SPBW. Worst drawdown: SCHD -33.4% vs SPBW -8.8%.
Should I hold both SCHD and SPBW?
SCHD and SPBW have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPBW?
SCHD and SPBW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, SCHD or SPBW?
SCHD yields 3.31% while SPBW yields 0.00%, so SCHD currently pays the higher dividend yield.
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