SCHD vs SPDV
Schwab US Dividend Equity ETF vs AAM S&P 500 High Dividend Value ETF
Which is better, SCHD or SPDV?
Each has led over a different period.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window, SPDV over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. SPDV is less concentrated, with 21.4% of the fund in its ten largest positions against 41.8%.
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 | SPDV |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.29% |
| AUM | $112.1B | $106M |
| Dividend Yield | 3.00% | 3.23% |
| Holdings | 103 | 52 |
| YTD Return | +23.46%Best | +17.52% |
| 1Y Return | +27.20%Best | +20.13% |
| 3Y Return (annualized) | +15.41% | +17.17%Best |
| 5Y Return (annualized) | +10.16% | +10.69%Best |
| Volatility (annualized) | 16.1%Best | 18.3% |
| Max Drawdown | -33.4%Best | -45.4% |
| $10,000 over 5 years | $16,223 | $16,617Best |
| Top 10 Weight | 41.8% | 21.4%Best |
| Fund Family | Charles Schwab Asset Management | Advisors Asset Management, Inc. |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | Nov 28, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Nov 29, 2017 to Sep 18, 2026 (8.8 years).
SCHD vs SPDV 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 8.8 years both funds cover.
SCHD vs SPDV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and AAM S&P 500 High Dividend Value ETF (SPDV) is an ETF from Advisors Asset Management, Inc.. Over the past year SCHD returned +27.20% while SPDV returned +20.13%. Year to date, SCHD is up 23.46% versus a gain of 17.52% for SPDV.
Over three years, SCHD compounded at +15.41% per year against +17.17% for SPDV; over five years the annualized figures are +10.16% and +10.69% respectively. Across the full 9-year window we track, SCHD has the edge at +10.70% annualized vs +7.93%.
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 16.1% 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 what each fund did in the worst stretch of the window measured above.
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 3.00% against 3.23% for SPDV.
Holdings Overlap
29.2% of SCHD's money is in holdings SPDV also owns. 33.5% of SPDV's money is in holdings SCHD also owns.
The two portfolios partly overlap.
18 positions in common, counted across the 100 positions we hold weights for in SCHD and 56 in SPDV, against full books of 103 and 52.
What only one of them owns
Our book lists 35 positions for SPDV that do not appear in our book for SCHD (62.4% of the fund), and 81 for SCHD that do not appear in SPDV (70.7%).
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 SPDV | Difference |
|---|---|---|---|
| VZVerizon Communic | 3.97% | 1.98% | 1.99% |
| BMYBristol-Myers Squibb Co. | 3.33% | 1.92% | 1.41% |
| ADPAutomatic Data Processing, Inc. | 2.79% | 2.03% | 0.76% |
| MOAltria Group Inc | 2.79% | 1.68% | 1.11% |
| CMCSAComcast Corp-class A Cmcsa | 2.31% | 1.95% | 0.36% |
| QCOMQualcomm Inc. | 2.52% | 1.66% | 0.86% |
| EOGEog Resources Inc | 1.88% | 1.80% | 0.08% |
| UPSUnited Parcel Service, Inc | 1.90% | 1.55% | 0.35% |
| OKEOneok Inc. | 1.47% | 1.82% | 0.35% |
| DVNDevon Energy Corporation | 1.36% | 1.91% | 0.55% |
33.5% of SPDV is already inside SCHD.
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 SPDV?
SCHD has an expense ratio of 0.06% while SPDV charges 0.29%. SCHD is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, SCHD or SPDV?
Over the past year SCHD returned +27.20% vs +20.13% for SPDV, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), SCHD annualized +10.70% vs +7.93% for SPDV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPDV?
SPDV has been the more volatile fund at 18.3% annualized versus 16.1% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SCHD and SPDV?
33.5% of SPDV's money is in holdings SCHD also owns. 33.5% of SPDV's is in holdings SCHD also owns. They hold 18 positions in common, counted across the 100 positions we hold weights for in SCHD and 56 in SPDV.
Which pays a higher dividend, SCHD or SPDV?
SCHD yields 3.00% while SPDV yields 3.23%, so SPDV currently pays the higher dividend yield.
Is SPDV better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window, SPDV over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. SPDV is less concentrated, with 21.4% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.