SCHD vs SPBX
Schwab US Dividend Equity ETF vs AllianzIM 6 Month Buffer10 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 | SPBX | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.79% | |
| AUM | $103.7B | $68M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 7 | |
| YTD Return | +24.26% | +8.26% | |
| 1Y Return | +31.38% | +13.47% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 6.6% | |
| Max Drawdown | -33.4% | -11.1% | |
| Fund Family | Charles Schwab Asset Management | AllianzIM | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Jan 7, 2025 |
SCHD vs SPBX Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and AllianzIM 6 Month Buffer10 Allocation ETF (SPBX) is a ETF from AllianzIM. Over the past year SCHD returned +31.38% while SPBX returned +13.47%. Year to date, SCHD is up 24.26% versus a gain of 8.26% for SPBX.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 6.6% for SPBX. 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 -11.1% for SPBX. 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPBX 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 SPBX.
Holdings Overlap
SCHD and SPBX share 0 holdings out of 106 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 SPBX?
SCHD has an expense ratio of 0.06% while SPBX 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 SPBX?
Over the past year SCHD returned +31.38% vs +13.47% for SPBX, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +11.39% vs +11.61% for SPBX. Past performance does not guarantee future results.
Which is riskier, SCHD or SPBX?
SCHD has been the more volatile fund at 13.6% annualized versus 6.6% for SPBX. Worst drawdown: SCHD -33.4% vs SPBX -11.1%.
Should I hold both SCHD and SPBX?
SCHD and SPBX have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPBX?
SCHD and SPBX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, SCHD or SPBX?
SCHD yields 3.31% while SPBX yields 0.00%, so SCHD currently pays the higher dividend yield.
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