SCHD vs SPGP
Schwab US Dividend Equity ETF vs Invesco S&P 500 GARP ETF
Which is better, SCHD or SPGP?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and 5Y, SPGP over the full window. SPGP is less concentrated, with 19.9% 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 | SPGP |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.36% |
| AUM | $112.1B | $2.2B |
| Dividend Yield | 3.00% | 0.81% |
| Holdings | 103 | 77 |
| YTD Return | +23.60%Best | +7.05% |
| 1Y Return | +28.29%Best | +8.21% |
| 3Y Return (annualized) | +16.25%Best | +11.61% |
| 5Y Return (annualized) | +10.25%Best | +7.64% |
| Volatility (annualized) | 13.7%Best | 16.0% |
| Max Drawdown | -33.4%Best | -42.4% |
| $10,000 over 5 years | $16,289Best | $14,450 |
| Top 10 Weight | 41.8% | 19.9%Best |
| Fund Family | Charles Schwab Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Jun 16, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 21, 2026 (14.9 years).
SCHD vs SPGP 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 SPGP Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Invesco S&P 500 GARP ETF (SPGP) is an ETF from Invesco (US). Over the past year SCHD returned +28.29% while SPGP returned +8.21%. Year to date, SCHD is up 23.60% versus a gain of 7.05% for SPGP.
Over three years, SCHD compounded at +16.25% per year against +11.61% for SPGP; over five years the annualized figures are +10.25% and +7.64% respectively. Across the full 15-year window we track, SPGP has the edge at +13.46% annualized vs +11.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPGP 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 -42.4% for SPGP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPGP charges 0.36%. On a $10,000 position that is $6 vs $36 annually, a gap of $30 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.81% for SPGP.
Holdings Overlap
3.1% of SCHD's money is in holdings SPGP also owns. 4.3% of SPGP's money is in holdings SCHD also owns.
SPGP and SCHD share little of their money.
3 positions in common, counted across the 100 positions we hold weights for in SCHD and 76 in SPGP, against full books of 103 and 77.
What only one of them owns
Measured across the 100 and 76 positions we hold weights for.
SCHD holds 96 positions SPGP does not, 96.8% of the fund.
Largest: MRK 4.77%, AMGN 4.70%, ABT 4.69%, KO 4.17%, CVX 4.02%
You are not choosing between two funds in isolation.
Whichever of SCHD and SPGP 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 SPGP?
SCHD has an expense ratio of 0.06% while SPGP charges 0.36%. SCHD is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, SCHD or SPGP?
Over the past year SCHD returned +28.29% vs +8.21% for SPGP, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.25% vs +13.46% for SPGP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPGP?
SPGP has been the more volatile fund at 16.0% annualized versus 13.7% for SCHD. Worst drawdown: SCHD -33.4% vs SPGP -42.4%.
Should I hold both SCHD and SPGP?
SCHD and SPGP have a monthly-return correlation of 0.85, 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 SPGP?
4.3% of SPGP's money is in holdings SCHD also owns. 4.3% of SPGP's is in holdings SCHD also owns. They hold 3 positions in common, counted across the 100 positions we hold weights for in SCHD and 76 in SPGP.
Which pays a higher dividend, SCHD or SPGP?
SCHD yields 3.00% while SPGP yields 0.81%, so SCHD currently pays the higher dividend yield.
Is SPGP better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and 5Y, SPGP over the full window. SPGP is less concentrated, with 19.9% 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.