SCHD vs SPEU
Schwab US Dividend Equity ETF vs State Street SPDR Portfolio Europe ETF
Which is better, SCHD or SPEU?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, SPEU over 3Y. SPEU is less concentrated, with 17.4% 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 | SPEU |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.07% |
| AUM | $112.1B | $733M |
| Dividend Yield | 3.00% | 3.32% |
| Holdings | 103 | 1,737 |
| YTD Return | +21.99%Best | +5.70% |
| 1Y Return | +25.92%Best | +13.62% |
| 3Y Return (annualized) | +15.66% | +17.91%Best |
| 5Y Return (annualized) | +9.48%Best | +8.26% |
| Volatility (annualized) | 13.7%Best | 16.0% |
| Max Drawdown | -33.4%Best | -42.7% |
| $10,000 over 5 years | $15,728Best | $14,871 |
| Top 10 Weight | 41.8% | 17.4%Best |
| Fund Family | Charles Schwab Asset Management | SPDR State Street Global Advisors |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Oct 15, 2002 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 23, 2026 (14.9 years).
SCHD vs SPEU 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 14.9 years both funds cover.
SCHD vs SPEU Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and State Street SPDR Portfolio Europe ETF (SPEU) is an ETF from SPDR State Street Global Advisors. Over the past year SCHD returned +25.92% while SPEU returned +13.62%. Year to date, SCHD is up 21.99% versus a gain of 5.70% for SPEU.
Over three years, SCHD compounded at +15.66% per year against +17.91% for SPEU; over five years the annualized figures are +9.48% and +8.26% respectively. Across the full 15-year window we track, SCHD has the edge at +11.15% annualized vs +5.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPEU has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 13.7% 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 -42.7% for SPEU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPEU charges 0.07%. On a $10,000 position that is $6 vs $7 annually, a gap of $1 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 3.32% for SPEU.
Holdings Overlap
2.9% of SCHD's money is in holdings SPEU also owns. 0.1% of SPEU's money is in holdings SCHD also owns.
SCHD and SPEU share little of their money.
The two holdings books were reported 153 days apart, SCHD as of Aug 31, 2026 and SPEU as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 100 positions we hold weights for in SCHD and 1,665 in SPEU, against full books of 103 and 1,737.
What only one of them owns
Our book lists 41 positions for SPEU that do not appear in our book for SCHD (5.9% of the fund), and 97 for SCHD that do not appear in SPEU (97.1%).
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.
You are not choosing between two funds in isolation.
Whichever of SCHD and SPEU 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 SPEU?
SCHD has an expense ratio of 0.06% while SPEU charges 0.07%. SCHD is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SCHD or SPEU?
Over the past year SCHD returned +25.92% vs +13.62% for SPEU, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.15% vs +5.27% for SPEU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPEU?
SPEU has been the more volatile fund at 16.0% annualized versus 13.7% for SCHD. Worst drawdown: SCHD -33.4% vs SPEU -42.7%.
Should I hold both SCHD and SPEU?
SCHD and SPEU have a monthly-return correlation of 0.76, 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 SPEU?
2.9% of SCHD's money is in holdings SPEU also owns. 0.1% of SPEU's is in holdings SCHD also owns. They hold 2 positions in common, counted across the 100 positions we hold weights for in SCHD and 1,665 in SPEU.
Which pays a higher dividend, SCHD or SPEU?
SCHD yields 3.00% while SPEU yields 3.32%, so SPEU currently pays the higher dividend yield.
Is SPEU better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, SPEU over 3Y. SPEU is less concentrated, with 17.4% 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.