SCHD vs SPLB
Schwab US Dividend Equity ETF vs State Street SPDR Portfolio Long Term Corporate Bond ETF
Which is better, SCHD or SPLB?
Large Cap Value against Long Term Bond.
SPLB has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
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 | SPLB |
|---|---|---|
| Expense Ratio | 0.06% | 0.04%Best |
| AUM | $112.1B | $1.2B |
| Dividend Yield | 3.00% | 5.60% |
| Holdings | 103 | 2,933 |
| YTD Return | +23.60%Best | -2.02% |
| 1Y Return | +28.29%Best | -2.58% |
| 3Y Return (annualized) | +16.25%Best | +4.29% |
| 5Y Return (annualized) | +10.25%Best | -3.65% |
| Volatility (annualized) | 13.7% | 11.0%Best |
| Max Drawdown | -33.4%Best | -35.2% |
| $10,000 over 5 years | $16,289Best | $8,303 |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management |
| Category | Equity | Fixed Income |
| Style | Large Cap Value | Long Term Bond |
| Inception | Oct 20, 2011 | Mar 10, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 21, 2026 (14.9 years).
SCHD vs SPLB 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SCHD vs SPLB Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and State Street SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an ETF from State Street Investment Management. Over the past year SCHD returned +28.29% while SPLB returned -2.58%. Year to date, SCHD is up 23.60% versus a loss of 2.02% for SPLB.
Over three years, SCHD compounded at +16.25% per year against +4.29% for SPLB; over five years the annualized figures are +10.25% and -3.65% respectively. Across the full 15-year window we track, SCHD has the edge at +11.25% annualized vs +0.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 11.0% 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 what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
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 3.00% against 5.60% for SPLB.
Holdings Overlap
At least 1.0% of SCHD's money is in holdings SPLB also owns.
Stated as a floor: for SPLB, our book for it covers 83.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SCHD and SPLB share little of their money.
2 positions in common, counted across the 100 positions we hold weights for in SCHD and 2,703 in SPLB, against full books of 103 and 2,933.
You are not choosing between two funds in isolation.
Whichever of SCHD and SPLB 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 SPLB?
SCHD has an expense ratio of 0.06% while SPLB charges 0.04%. SPLB is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, SCHD or SPLB?
Over the past year SCHD returned +28.29% vs -2.58% for SPLB, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.25% vs +0.38% for SPLB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPLB?
SCHD has been the more volatile fund at 13.7% annualized versus 11.0% 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 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 SPLB?
At least 1.0% of SCHD's money is in holdings SPLB also owns. Our book for SPLB is partial, so the real figure is this or higher. They hold 2 positions in common, counted across the 100 positions we hold weights for in SCHD and 2,703 in SPLB.
Which pays a higher dividend, SCHD or SPLB?
SCHD yields 3.00% while SPLB yields 5.60%, so SPLB currently pays the higher dividend yield.
Is SPLB better than SCHD?
SPLB has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.