SCHD vs SPDV
SCHD vs SPDV
Schwab US Dividend Equity ETF vs AAM S&P 500 High Dividend Value 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 | SPDV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.29% | |
| AUM | $103.7B | $102M | |
| Dividend Yield | 3.31% | 3.37% | |
| Holdings | 104 | 54 | |
| YTD Return | +24.26% | +18.66% | |
| 1Y Return | +31.38% | +29.55% | |
| 3Y Return (annualized) | +15.08% | +16.22% | |
| 5Y Return (annualized) | +9.72% | +10.40% | |
| Volatility (annualized) | 13.6% | 18.3% | |
| Max Drawdown | -33.4% | -45.4% | |
| Fund Family | Charles Schwab Asset Management | Advisors Asset Management, Inc. | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Nov 28, 2017 |
SCHD vs SPDV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and AAM S&P 500 High Dividend Value ETF (SPDV) is a ETF from Advisors Asset Management, Inc.. Over the past year SCHD returned +31.38% while SPDV returned +29.55%. Year to date, SCHD is up 24.26% versus a gain of 18.66% for SPDV.
Over three years, SCHD compounded at +15.08% per year against +16.22% for SPDV; over five years the annualized figures are +9.72% and +10.40% respectively. Across the full 9-year window we track, SCHD has the edge at +11.39% annualized vs +8.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPDV has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 13.6% for SCHD. 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 -45.4% for SPDV. 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPDV charges 0.29%. On a $10,000 position that is $6 vs $29 annually, a gap of $23 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 3.37% for SPDV.
Holdings Overlap
SCHD and SPDV share 3 holdings out of 102 unique holdings combined, representing a 3.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SPDV?
SCHD has an expense ratio of 0.06% while SPDV charges 0.29%. SCHD is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, SCHD or SPDV?
Over the past year SCHD returned +31.38% vs +29.55% for SPDV, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), SCHD annualized +11.39% vs +8.16% for SPDV. Past performance does not guarantee future results.
Which is riskier, SCHD or SPDV?
SPDV has been the more volatile fund at 18.3% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPDV -45.4%.
Should I hold both SCHD and SPDV?
SCHD and SPDV have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SCHD and SPDV?
SCHD and SPDV share 3 common holdings with a 3.3% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, SCHD or SPDV?
SCHD yields 3.31% while SPDV yields 3.37%, so SPDV currently pays the higher dividend yield.
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