SCHD vs SPHB
Schwab US Dividend Equity ETF vs Invesco S&P 500 High Beta ETF
Which is better, SCHD or SPHB?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SPHB led over 1Y, 3Y, 5Y and the full window. SPHB is less concentrated, with 18.5% 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 | SPHB |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.25% |
| AUM | $112.1B | $891M |
| Dividend Yield | 3.00% | 0.56% |
| Holdings | 103 | 102 |
| YTD Return | +23.68% | +29.24%Best |
| 1Y Return | +28.36% | +38.63%Best |
| 3Y Return (annualized) | +16.20% | +30.85%Best |
| 5Y Return (annualized) | +10.07% | +16.63%Best |
| Volatility (annualized) | 13.7%Best | 23.7% |
| Max Drawdown | -33.4%Best | -47.8% |
| $10,000 over 5 years | $16,156 | $21,580Best |
| Top 10 Weight | 41.8% | 18.5%Best |
| Fund Family | Charles Schwab Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | May 5, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 22, 2026 (14.9 years).
SCHD vs SPHB 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 SPHB Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Invesco S&P 500 High Beta ETF (SPHB) is an ETF from Invesco (US). Over the past year SCHD returned +28.36% while SPHB returned +38.63%. Year to date, SCHD is up 23.68% versus a gain of 29.24% for SPHB.
Over three years, SCHD compounded at +16.20% per year against +30.85% for SPHB; over five years the annualized figures are +10.07% and +16.63% respectively. Across the full 15-year window we track, SPHB has the edge at +15.72% annualized vs +11.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPHB has been the more volatile fund, with annualized monthly volatility of 23.7% 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 -47.8% for SPHB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPHB charges 0.25%. On a $10,000 position that is $6 vs $25 annually, a gap of $19 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.56% for SPHB.
Holdings Overlap
9.2% of SCHD's money is in holdings SPHB also owns. 4.0% of SPHB's money is in holdings SCHD also owns.
SCHD and SPHB share little of their money.
5 positions in common, counted across the 100 positions we hold weights for in SCHD and 101 in SPHB, against full books of 103 and 102.
What only one of them owns
Our book lists 93 positions for SPHB that do not appear in our book for SCHD (92.4% of the fund), and 94 for SCHD that do not appear in SPHB (90.7%).
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.
You are not choosing between two funds in isolation.
Whichever of SCHD and SPHB 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 SPHB?
SCHD has an expense ratio of 0.06% while SPHB charges 0.25%. SCHD is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, SCHD or SPHB?
Over the past year SCHD returned +28.36% vs +38.63% for SPHB, so SPHB leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.26% vs +15.72% for SPHB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPHB?
SPHB has been the more volatile fund at 23.7% annualized versus 13.7% for SCHD. Worst drawdown: SCHD -33.4% vs SPHB -47.8%.
Should I hold both SCHD and SPHB?
SCHD and SPHB have a monthly-return correlation of 0.75, 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 SPHB?
9.2% of SCHD's money is in holdings SPHB also owns. 4.0% of SPHB's is in holdings SCHD also owns. They hold 5 positions in common, counted across the 100 positions we hold weights for in SCHD and 101 in SPHB.
Which pays a higher dividend, SCHD or SPHB?
SCHD yields 3.00% while SPHB yields 0.56%, so SCHD currently pays the higher dividend yield.
Is SPHB better than SCHD?
SCHD has a lower expense ratio. SPHB led over 1Y, 3Y, 5Y and the full window. SPHB is less concentrated, with 18.5% 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.