SCHD vs SPDG
Schwab US Dividend Equity ETF vs State Street SPDR Portfolio S&P Sector Neutral Dividend ETF
Which is better, SCHD or SPDG?
Each has led over a different period.
SPDG has a lower expense ratio. SCHD led over 1Y, SPDG over 3Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.0%.
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 | SPDG |
|---|---|---|
| Expense Ratio | 0.06% | 0.05%Best |
| AUM | $112.1B | $13M |
| Dividend Yield | 3.00% | 2.68% |
| Holdings | 103 | 277 |
| YTD Return | +24.04%Best | +13.21% |
| 1Y Return | +27.95%Best | +18.11% |
| 3Y Return (annualized) | +15.51% | +18.00%Best |
| 5Y Return (annualized) | +9.80% | - |
| Volatility (annualized) | 13.3% | 11.9%Best |
| Max Drawdown | -16.1% | -15.7%Best |
| $10,000 over 3 years | $15,344 | $16,359Best |
| Top 10 Weight | 41.8%Best | 42.0% |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | Sep 11, 2023 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 12, 2023 to Sep 16, 2026 (3 years).
SCHD vs SPDG 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 3 years both funds cover.
SCHD vs SPDG Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and State Street SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) is an ETF from State Street Investment Management. Over the past year SCHD returned +27.95% while SPDG returned +18.11%. Year to date, SCHD is up 24.04% versus a gain of 13.21% for SPDG.
Over three years, SCHD compounded at +15.51% per year against +18.00% for SPDG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 11.9% for SPDG. 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 -16.1% for SCHD and -15.7% for SPDG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPDG charges 0.05%. On a $10,000 position that is $6 vs $5 annually, a gap of $1 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 2.68% for SPDG.
Holdings Overlap
75.4% of SCHD's money is in holdings SPDG also owns. 31.9% of SPDG's money is in holdings SCHD also owns.
Most of SCHD is already inside SPDG. Owning both mostly buys the same companies twice.
46 positions in common, counted across the 100 positions we hold weights for in SCHD and 274 in SPDG, against full books of 103 and 277.
What only one of them owns
Our book lists 225 positions for SPDG that do not appear in our book for SCHD (66.1% of the fund), and 53 for SCHD that do not appear in SPDG (24.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SPDG | Difference |
|---|---|---|---|
| VZVerizon Communic | 3.97% | 6.29% | 2.32% |
| HDHome Depot Inc/The | 3.88% | 3.52% | 0.36% |
| TXNTexas Instrument Inc | 3.13% | 4.18% | 1.05% |
| MRKMerck & Company Inc | 4.77% | 1.08% | 3.69% |
| QCOMQualcomm Inc. | 2.52% | 3.29% | 0.77% |
| CMCSAComcast Corp-class A Cmcsa | 2.31% | 3.12% | 0.81% |
| AMGNAmgen Inc. | 4.70% | 0.68% | 4.02% |
| ABTAbbott Laboratories | 4.69% | 0.51% | 4.18% |
| UNHUnitedhealth Group Incorporated | 3.82% | 1.00% | 2.82% |
| CVXChevron Corp | 4.02% | 0.75% | 3.27% |
75.4% of SCHD is already inside SPDG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or SPDG?
SCHD has an expense ratio of 0.06% while SPDG charges 0.05%. SPDG is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SCHD or SPDG?
Over the past year SCHD returned +27.95% vs +18.11% for SPDG, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPDG?
SCHD has been the more volatile fund at 13.3% annualized versus 11.9% for SPDG. Worst drawdown: SCHD -16.1% vs SPDG -15.7%.
Should I hold both SCHD and SPDG?
SCHD and SPDG have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SCHD and SPDG?
75.4% of SCHD's money is in holdings SPDG also owns. 31.9% of SPDG's is in holdings SCHD also owns. They hold 46 positions in common, counted across the 100 positions we hold weights for in SCHD and 274 in SPDG.
Which pays a higher dividend, SCHD or SPDG?
SCHD yields 3.00% while SPDG yields 2.68%, so SCHD currently pays the higher dividend yield.
Is SPDG better than SCHD?
SPDG has a lower expense ratio. SCHD led over 1Y, SPDG over 3Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 42.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.