SCHD vs SPIN
Schwab US Dividend Equity ETF vs State Street US Equity Premium Income ETF
Which is better, SCHD or SPIN?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 46.1%.
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 | SPIN |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.25% |
| AUM | $112.1B | $48M |
| Dividend Yield | 3.00% | 4.85% |
| Holdings | 103 | 101 |
| YTD Return | +24.23%Best | +1.76% |
| 1Y Return | +27.90%Best | +6.94% |
| 3Y Return (annualized) | +15.55% | - |
| 5Y Return (annualized) | +9.97% | - |
| Volatility (annualized) | 13.8% | 9.3%Best |
| Max Drawdown | -16.1%Best | -16.9% |
| $10,000 over 2 years | $13,165Best | $12,237 |
| Top 10 Weight | 41.8%Best | 46.1% |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Sep 4, 2024 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 5, 2024 to Sep 17, 2026 (2 years).
SCHD vs SPIN 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 2 years both funds cover.
SCHD vs SPIN Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and State Street US Equity Premium Income ETF (SPIN) is an ETF from State Street Investment Management. Over the past year SCHD returned +27.90% while SPIN returned +6.94%. Year to date, SCHD is up 24.23% versus a gain of 1.76% for SPIN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 9.3% for SPIN. 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 -16.1% for SCHD and -16.9% for SPIN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.38. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPIN 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 4.85% for SPIN.
Holdings Overlap
24.6% of SCHD's money is in holdings SPIN also owns. 4.3% of SPIN's money is in holdings SCHD also owns.
SCHD and SPIN share little of their money.
7 positions in common, counted across the 100 positions we hold weights for in SCHD and 96 in SPIN, against full books of 103 and 101.
What only one of them owns
Our book lists 87 positions for SPIN that do not appear in our book for SCHD (94.1% of the fund), and 92 for SCHD that do not appear in SPIN (75.4%).
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.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SPIN | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 0.66% | 4.11% |
| ABTAbbott Laboratories | 4.69% | 0.56% | 4.13% |
| HDHome Depot Inc/The | 3.88% | 1.34% | 2.54% |
| PGProcter & Gamble Company | 3.83% | 0.53% | 3.30% |
| PEPPepsico Inc. | 3.64% | 0.25% | 3.39% |
| TXNTexas Instrument Inc | 3.13% | 0.54% | 2.59% |
| RFRegions Financial Corp. | 0.62% | 0.39% | 0.23% |
24.6% of SCHD is already inside SPIN.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or SPIN?
SCHD has an expense ratio of 0.06% while SPIN charges 0.25%. SCHD is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, SCHD or SPIN?
Over the past year SCHD returned +27.90% vs +6.94% for SPIN, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +14.74% vs +10.62% for SPIN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPIN?
SCHD has been the more volatile fund at 13.8% annualized versus 9.3% for SPIN. Worst drawdown: SCHD -16.1% vs SPIN -16.9%.
Should I hold both SCHD and SPIN?
SCHD and SPIN have a monthly-return correlation of 0.38, 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 SPIN?
24.6% of SCHD's money is in holdings SPIN also owns. 4.3% of SPIN's is in holdings SCHD also owns. They hold 7 positions in common, counted across the 100 positions we hold weights for in SCHD and 96 in SPIN.
Which pays a higher dividend, SCHD or SPIN?
SCHD yields 3.00% while SPIN yields 4.85%, so SPIN currently pays the higher dividend yield.
Is SPIN better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 46.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.