SCHD vs SPLV
SCHD vs SPLV
Schwab US Dividend Equity ETF vs Invesco S&P 500 Low Volatility ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SPLV offers more diversification with 102 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPLV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.25% | |
| AUM | $103.7B | $7.2B | |
| Dividend Yield | 3.31% | 2.14% | |
| Holdings | 104 | 110 | |
| YTD Return | +24.26% | +8.41% | |
| 1Y Return | +31.38% | +6.07% | |
| 3Y Return (annualized) | +15.08% | +9.29% | |
| 5Y Return (annualized) | +9.72% | +6.00% | |
| Volatility (annualized) | 13.6% | 11.6% | |
| Max Drawdown | -33.4% | -36.6% | |
| Fund Family | Charles Schwab Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | May 5, 2011 |
SCHD vs SPLV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Invesco S&P 500 Low Volatility ETF (SPLV) is a ETF from Invesco (US). Over the past year SCHD returned +31.38% while SPLV returned +6.07%. Year to date, SCHD is up 24.26% versus a gain of 8.41% for SPLV.
Over three years, SCHD compounded at +15.08% per year against +9.29% for SPLV; over five years the annualized figures are +9.72% and +6.00% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs +8.45%. 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 11.6% for SPLV. 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 -36.6% for SPLV. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPLV 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 3.31% against 2.14% for SPLV.
Holdings Overlap
SCHD and SPLV share 9 holdings out of 193 unique holdings combined, representing a 7.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SPLV | Difference |
|---|---|---|---|
| KO | 4.08% | 1.19% | 2.89% |
| PG | 4.15% | 1.05% | 3.10% |
| CVX | 3.95% | 0.78% | 3.17% |
| PEP | Pro | Pro | Pro |
| MO | Pro | Pro | Pro |
| ADP | Pro | Pro | Pro |
| CINF | Pro | Pro | Pro |
| SNA | Pro | Pro | Pro |
| PFG | Pro | Pro | Pro |
See all 9 holdings SCHD shares with SPLV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SCHD or SPLV?
SCHD has an expense ratio of 0.06% while SPLV charges 0.25%. SCHD is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, SCHD or SPLV?
Over the past year SCHD returned +31.38% vs +6.07% for SPLV, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.39% vs +8.45% for SPLV. Past performance does not guarantee future results.
Which is riskier, SCHD or SPLV?
SCHD has been the more volatile fund at 13.6% annualized versus 11.6% for SPLV. Worst drawdown: SCHD -33.4% vs SPLV -36.6%.
Should I hold both SCHD and SPLV?
SCHD and SPLV have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPLV?
SCHD and SPLV share 9 common holdings with a 7.4% weight overlap. Combined, they hold 193 unique securities.
Which pays a higher dividend, SCHD or SPLV?
SCHD yields 3.31% while SPLV yields 2.14%, so SCHD currently pays the higher dividend yield.
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