SCHD vs SPIB
SCHD vs SPIB
Schwab US Dividend Equity ETF vs State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
Quick Verdict
SPIB has a lower expense ratio. SCHD delivered stronger 1-year returns. SPIB offers more diversification with 1090 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPIB | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.04% | |
| AUM | $103.7B | $11.4B | |
| Dividend Yield | 3.31% | 4.44% | |
| Holdings | 104 | 5,091 | |
| YTD Return | +24.26% | +0.24% | |
| 1Y Return | +31.38% | +2.76% | |
| 3Y Return (annualized) | +15.08% | +5.57% | |
| 5Y Return (annualized) | +9.72% | +1.64% | |
| Volatility (annualized) | 13.6% | 4.1% | |
| Max Drawdown | -33.4% | -14.9% | |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Feb 10, 2009 |
SCHD vs SPIB Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and State Street SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is a ETF from State Street Investment Management. Over the past year SCHD returned +31.38% while SPIB returned +2.76%. Year to date, SCHD is up 24.26% versus a gain of 0.24% for SPIB.
Over three years, SCHD compounded at +15.08% per year against +5.57% for SPIB; over five years the annualized figures are +9.72% and +1.64% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +1.54%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 4.1% for SPIB. 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 -14.9% for SPIB. 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPIB charges 0.04%. On a $10,000 position that is $6 vs $4 annually, a gap of $2 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 4.44% for SPIB.
Holdings Overlap
SCHD and SPIB share 1 holdings out of 1189 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SPIB | Difference |
|---|---|---|---|
| GVMXX | 0.04% | 0.73% | 0.69% |
Frequently Asked Questions
Which is cheaper, SCHD or SPIB?
SCHD has an expense ratio of 0.06% while SPIB charges 0.04%. SPIB is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, SCHD or SPIB?
Over the past year SCHD returned +31.38% vs +2.76% for SPIB, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.39% vs +1.54% for SPIB. Past performance does not guarantee future results.
Which is riskier, SCHD or SPIB?
SCHD has been the more volatile fund at 13.6% annualized versus 4.1% for SPIB. Worst drawdown: SCHD -33.4% vs SPIB -14.9%.
Should I hold both SCHD and SPIB?
SCHD and SPIB have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPIB?
SCHD and SPIB share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1189 unique securities.
Which pays a higher dividend, SCHD or SPIB?
SCHD yields 3.31% while SPIB yields 4.44%, so SPIB currently pays the higher dividend yield.
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