SCHD vs SPCK
Schwab US Dividend Equity ETF vs The SPAC and New Issue 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 | SPCK | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 2.32% | |
| AUM | $103.7B | $8M | |
| Dividend Yield | 3.31% | 16.26% | |
| Holdings | 104 | 43 | |
| YTD Return | +25.33% | +1.33% | |
| 1Y Return | +32.31% | +4.17% | |
| 3Y Return (annualized) | +15.40% | +3.65% | |
| 5Y Return (annualized) | +9.70% | -1.33% | |
| Volatility (annualized) | 13.6% | 8.0% | |
| Max Drawdown | -33.4% | -28.3% | |
| Fund Family | Charles Schwab Asset Management | AXS Investments | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Dec 15, 2020 |
SCHD vs SPCK Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and The SPAC and New Issue ETF (SPCK) is a ETF from AXS Investments. Over the past year SCHD returned +32.31% while SPCK returned +4.17%. Year to date, SCHD is up 25.33% versus a gain of 1.33% for SPCK.
Over three years, SCHD compounded at +15.40% per year against +3.65% for SPCK; over five years the annualized figures are +9.70% and -1.33% respectively. Across the full 6-year window we track, SCHD has the edge at +11.45% annualized vs +1.13%. 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 8.0% for SPCK. 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 -28.3% for SPCK. 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 -0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPCK charges 2.32%. On a $10,000 position that is $6 vs $232 annually, a gap of $226 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 16.26% for SPCK.
Holdings Overlap
SCHD and SPCK share 0 holdings out of 137 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 SPCK?
SCHD has an expense ratio of 0.06% while SPCK charges 2.32%. SCHD is the cheaper option. On a $10,000 investment, that is $226 per year of difference.
Which performed better, SCHD or SPCK?
Over the past year SCHD returned +32.31% vs +4.17% for SPCK, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +11.45% vs +1.13% for SPCK. Past performance does not guarantee future results.
Which is riskier, SCHD or SPCK?
SCHD has been the more volatile fund at 13.6% annualized versus 8.0% for SPCK. Worst drawdown: SCHD -33.4% vs SPCK -28.3%.
Should I hold both SCHD and SPCK?
SCHD and SPCK have a monthly-return correlation of -0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPCK?
SCHD and SPCK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 137 unique securities.
Which pays a higher dividend, SCHD or SPCK?
SCHD yields 3.31% while SPCK yields 16.26%, so SPCK currently pays the higher dividend yield.
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