SCHD vs SPD
Schwab US Dividend Equity ETF vs Simplify US Equity PLUS Downside Convexity ETF
Which is better, SCHD or SPD?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, SPD over 3Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHD | SPD |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.53% |
| AUM | $112.1B | $103M |
| Dividend Yield | 3.00% | 0.95% |
| Holdings | 103 | 24 |
| YTD Return | +23.46%Best | +7.06% |
| 1Y Return | +27.20%Best | +7.48% |
| 3Y Return (annualized) | +15.41% | +16.77%Best |
| 5Y Return (annualized) | +10.16%Best | +7.76% |
| Volatility (annualized) | 15.2% | 14.1%Best |
| Max Drawdown | -16.9%Best | -27.4% |
| $10,000 over 5 years | $16,223Best | $14,531 |
| Fund Family | Charles Schwab Asset Management | Simplify Exchange Traded Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Sep 3, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 4, 2020 to Sep 18, 2026 (6 years).
SCHD vs SPD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6 years both funds cover.
SCHD vs SPD Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Simplify US Equity PLUS Downside Convexity ETF (SPD) is an ETF from Simplify Exchange Traded Funds. Over the past year SCHD returned +27.20% while SPD returned +7.48%. Year to date, SCHD is up 23.46% versus a gain of 7.06% for SPD.
Over three years, SCHD compounded at +15.41% per year against +16.77% for SPD; over five years the annualized figures are +10.16% and +7.76% respectively. Across the full 6-year window we track, SCHD has the edge at +13.40% annualized vs +10.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 14.1% for SPD. 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 -16.9% for SCHD and -27.4% for SPD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPD charges 0.53%. On a $10,000 position that is $6 vs $53 annually, a gap of $47 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.95% for SPD.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 1 in SPD, totalling 100.0% and 0.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in SCHD and 1 in SPD, against full books of 103 and 24.
You are not choosing between two funds in isolation.
Whichever of SCHD and SPD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or SPD?
SCHD has an expense ratio of 0.06% while SPD charges 0.53%. SCHD is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, SCHD or SPD?
Over the past year SCHD returned +27.20% vs +7.48% for SPD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +13.40% vs +10.31% for SPD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPD?
SCHD has been the more volatile fund at 15.2% annualized versus 14.1% for SPD. Worst drawdown: SCHD -16.9% vs SPD -27.4%.
Should I hold both SCHD and SPD?
SCHD and SPD have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SCHD or SPD?
SCHD yields 3.00% while SPD yields 0.95%, so SCHD currently pays the higher dividend yield.
Is SPD better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, SPD over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.