SCHD vs SPCT
Schwab US Dividend Equity ETF vs Liberty One Spectrum ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPCT | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.85% | |
| AUM | $112.2B | $69M | |
| Dividend Yield | 3.13% | 0.77% | |
| Holdings | 103 | 52 | |
| YTD Return | +27.60% | +8.72% | |
| 1Y Return | +29.63% | +10.58% | |
| 3Y Return (annualized) | +16.43% | - | |
| 5Y Return (annualized) | +10.05% | - | |
| Volatility (annualized) | 13.6% | 11.3% | |
| Max Drawdown | -33.4% | -7.2% | |
| Fund Family | Charles Schwab Asset Management | Liberty One Investment Management, LLC | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 30, 2025 |
SCHD vs SPCT Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Liberty One Spectrum ETF (SPCT) is a ETF from Liberty One Investment Management, LLC. Over the past year SCHD returned +29.63% while SPCT returned +10.58%. Year to date, SCHD is up 27.60% versus a gain of 8.72% for SPCT.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 11.3% for SPCT. 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 -7.2% for SPCT. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPCT charges 0.85%. On a $10,000 position that is $6 vs $85 annually, a gap of $79 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 0.77% for SPCT.
Holdings Overlap
SCHD and SPCT share 8 holdings out of 143 unique holdings combined, representing a 12.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SPCT?
SCHD has an expense ratio of 0.06% while SPCT charges 0.85%. SCHD is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, SCHD or SPCT?
Over the past year SCHD returned +29.63% vs +10.58% for SPCT, so SCHD leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, SCHD or SPCT?
SCHD has been the more volatile fund at 13.6% annualized versus 11.3% for SPCT. Worst drawdown: SCHD -33.4% vs SPCT -7.2%.
Should I hold both SCHD and SPCT?
SCHD and SPCT have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPCT?
SCHD and SPCT share 8 common holdings with a 12.7% weight overlap. Combined, they hold 143 unique securities.
Which pays a higher dividend, SCHD or SPCT?
SCHD yields 3.13% while SPCT yields 0.77%, so SCHD currently pays the higher dividend yield.
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