SCHD vs SPEU
Schwab US Dividend Equity ETF vs State Street SPDR Portfolio Europe ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SPEU offers more diversification with 1664 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPEU | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.07% | |
| AUM | $103.7B | $714M | |
| Dividend Yield | 3.31% | 3.44% | |
| Holdings | 104 | 1,737 | |
| YTD Return | +25.33% | +10.76% | |
| 1Y Return | +32.31% | +22.56% | |
| 3Y Return (annualized) | +15.40% | +17.73% | |
| 5Y Return (annualized) | +9.70% | +9.20% | |
| Volatility (annualized) | 13.6% | 18.1% | |
| Max Drawdown | -33.4% | -64.5% | |
| Fund Family | Charles Schwab Asset Management | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Oct 15, 2002 |
SCHD vs SPEU Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and State Street SPDR Portfolio Europe ETF (SPEU) is a ETF from SPDR State Street Global Advisors. Over the past year SCHD returned +32.31% while SPEU returned +22.56%. Year to date, SCHD is up 25.33% versus a gain of 10.76% for SPEU.
Over three years, SCHD compounded at +15.40% per year against +17.73% for SPEU; over five years the annualized figures are +9.70% and +9.20% respectively. Across the full 15-year window we track, SCHD has the edge at +11.45% annualized vs +4.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPEU has been the more volatile fund, with annualized monthly volatility of 18.1% 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 -64.5% for SPEU. 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 0.76. 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 3.31% against 3.44% for SPEU.
Holdings Overlap
SCHD and SPEU share 2 holdings out of 1762 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SCHD or SPEU?
Over the past year SCHD returned +32.31% vs +22.56% for SPEU, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.45% vs +4.12% for SPEU. Past performance does not guarantee future results.
Which is riskier, SCHD or SPEU?
SPEU has been the more volatile fund at 18.1% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPEU -64.5%.
Should I hold both SCHD and SPEU?
SCHD and SPEU have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPEU?
SCHD and SPEU share 2 common holdings with a 0.1% weight overlap. Combined, they hold 1762 unique securities.
Which pays a higher dividend, SCHD or SPEU?
SCHD yields 3.31% while SPEU yields 3.44%, so SPEU currently pays the higher dividend yield.
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