SCHD vs SPLB
SCHD vs SPLB
Schwab US Dividend Equity ETF vs State Street SPDR Portfolio Long Term Corporate Bond ETF
Quick Verdict
SPLB has a lower expense ratio. SCHD delivered stronger 1-year returns. SPLB offers more diversification with 713 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPLB | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.04% | |
| AUM | $103.7B | $1.2B | |
| Dividend Yield | 3.31% | 5.35% | |
| Holdings | 104 | 2,947 | |
| YTD Return | +24.26% | -1.95% | |
| 1Y Return | +31.38% | +0.01% | |
| 3Y Return (annualized) | +15.08% | +3.61% | |
| 5Y Return (annualized) | +9.72% | -3.18% | |
| Volatility (annualized) | 13.6% | 10.8% | |
| Max Drawdown | -33.4% | -35.2% | |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Mar 10, 2009 |
SCHD vs SPLB Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and State Street SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is a ETF from State Street Investment Management. Over the past year SCHD returned +31.38% while SPLB returned +0.01%. Year to date, SCHD is up 24.26% versus a loss of 1.95% for SPLB.
Over three years, SCHD compounded at +15.08% per year against +3.61% for SPLB; over five years the annualized figures are +9.72% and -3.18% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +1.68%. 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 10.8% for SPLB. 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 -35.2% for SPLB. 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPLB 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 5.35% for SPLB.
Holdings Overlap
SCHD and SPLB share 2 holdings out of 811 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 SPLB?
SCHD has an expense ratio of 0.06% while SPLB charges 0.04%. SPLB is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, SCHD or SPLB?
Over the past year SCHD returned +31.38% vs +0.01% for SPLB, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.39% vs +1.68% for SPLB. Past performance does not guarantee future results.
Which is riskier, SCHD or SPLB?
SCHD has been the more volatile fund at 13.6% annualized versus 10.8% for SPLB. Worst drawdown: SCHD -33.4% vs SPLB -35.2%.
Should I hold both SCHD and SPLB?
SCHD and SPLB have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPLB?
SCHD and SPLB share 2 common holdings with a 0.1% weight overlap. Combined, they hold 811 unique securities.
Which pays a higher dividend, SCHD or SPLB?
SCHD yields 3.31% while SPLB yields 5.35%, so SPLB currently pays the higher dividend yield.
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