SCHD vs SPTM
Schwab US Dividend Equity ETF vs State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
Which is better, SCHD or SPTM?
Large Cap Value against Large Cap Blend.
SPTM has a lower expense ratio. SCHD led over 1Y, SPTM over 3Y, 5Y and the full window. SPTM is less concentrated, with 34.9% of the fund in its ten largest positions against 41.8%.
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 | SPTM |
|---|---|---|
| Expense Ratio | 0.06% | 0.03%Best |
| AUM | $112.1B | $14.1B |
| Dividend Yield | 3.00% | 1.04% |
| Holdings | 103 | 1,517 |
| YTD Return | +25.84%Best | +11.56% |
| 1Y Return | +30.18%Best | +15.88% |
| 3Y Return (annualized) | +16.08% | +20.37%Best |
| 5Y Return (annualized) | +9.97% | +12.20%Best |
| Volatility (annualized) | 14.3%Best | 14.8% |
| Max Drawdown | -33.4%Best | -35.1% |
| $10,000 over 5 years | $16,083 | $17,781Best |
| Top 10 Weight | 41.8% | 34.9%Best |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Oct 4, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Feb 18, 2014 to Sep 15, 2026 (12.6 years).
SCHD vs SPTM 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 12.6 years both funds cover.
SCHD vs SPTM Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is an ETF from State Street Investment Management. Over the past year SCHD returned +30.18% while SPTM returned +15.88%. Year to date, SCHD is up 25.84% versus a gain of 11.56% for SPTM.
Over three years, SCHD compounded at +16.08% per year against +20.37% for SPTM; over five years the annualized figures are +9.97% and +12.20% respectively. Across the full 13-year window we track, SPTM has the edge at +12.17% annualized vs +10.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPTM has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.3% for SCHD. 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 -35.1% for SPTM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPTM charges 0.03%. On a $10,000 position that is $6 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 1.04% for SPTM.
Holdings Overlap
96.8% of SCHD's money is in holdings SPTM also owns. 7.5% of SPTM's money is in holdings SCHD also owns.
Most of SCHD is already inside SPTM. Owning both mostly buys the same companies twice.
87 positions in common, counted across the 100 positions we hold weights for in SCHD and 1,500 in SPTM, against full books of 103 and 1,517.
What only one of them owns
Our book lists 956 positions for SPTM that do not appear in our book for SCHD (90.8% of the fund), and 13 for SCHD that do not appear in SPTM (3.2%).
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 SPTM | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 0.51% | 4.26% |
| AMGNAmgen Inc. | 4.70% | 0.32% | 4.38% |
| ABTAbbott Laboratories | 4.69% | 0.28% | 4.41% |
| KOCoca Cola Co. | 4.17% | 0.49% | 3.68% |
| CVXChevron Corp | 4.02% | 0.53% | 3.49% |
| HDHome Depot Inc/The | 3.88% | 0.46% | 3.42% |
| UNHUnitedhealth Group Incorporated | 3.82% | 0.50% | 3.32% |
| PGProcter & Gamble Company | 3.83% | 0.47% | 3.36% |
| VZVerizon Communic | 3.97% | 0.29% | 3.68% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 0.22% | 3.72% |
96.8% of SCHD is already inside SPTM.
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 SPTM?
SCHD has an expense ratio of 0.06% while SPTM charges 0.03%. SPTM is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, SCHD or SPTM?
Over the past year SCHD returned +30.18% vs +15.88% for SPTM, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), SCHD annualized +10.45% vs +12.17% for SPTM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPTM?
SPTM has been the more volatile fund at 14.8% annualized versus 14.3% for SCHD. Worst drawdown: SCHD -33.4% vs SPTM -35.1%.
Should I hold both SCHD and SPTM?
SCHD and SPTM have a monthly-return correlation of 0.85, 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 SPTM?
96.8% of SCHD's money is in holdings SPTM also owns. 7.5% of SPTM's is in holdings SCHD also owns. They hold 87 positions in common, counted across the 100 positions we hold weights for in SCHD and 1,500 in SPTM.
Which pays a higher dividend, SCHD or SPTM?
SCHD yields 3.00% while SPTM yields 1.04%, so SCHD currently pays the higher dividend yield.
Is SPTM better than SCHD?
SPTM has a lower expense ratio. SCHD led over 1Y, SPTM over 3Y, 5Y and the full window. SPTM is less concentrated, with 34.9% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.