SCHD vs SPUC
SCHD vs SPUC
Schwab US Dividend Equity ETF vs Simplify US Equity Income ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPUC | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.53% | |
| AUM | $103.7B | $141M | |
| Dividend Yield | 3.31% | 11.16% | |
| Holdings | 104 | 5 | |
| YTD Return | +24.26% | +13.06% | |
| 1Y Return | +31.38% | +22.71% | |
| 3Y Return (annualized) | +15.08% | +22.81% | |
| 5Y Return (annualized) | +9.72% | +13.02% | |
| Volatility (annualized) | 13.6% | 19.5% | |
| Max Drawdown | -33.4% | -29.2% | |
| Fund Family | Charles Schwab Asset Management | Simplify Exchange Traded Funds | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 3, 2020 |
SCHD vs SPUC Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Simplify US Equity Income ETF (SPUC) is a ETF from Simplify Exchange Traded Funds. Over the past year SCHD returned +31.38% while SPUC returned +22.71%. Year to date, SCHD is up 24.26% versus a gain of 13.06% for SPUC.
Over three years, SCHD compounded at +15.08% per year against +22.81% for SPUC; over five years the annualized figures are +9.72% and +13.02% respectively. Across the full 6-year window we track, SPUC has the edge at +16.26% annualized vs +11.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPUC has been the more volatile fund, with annualized monthly volatility of 19.5% compared with 13.6% 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 -29.2% for SPUC. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPUC charges 0.53%. On a $10,000 position that is $6 vs $53 annually, a gap of $47 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 11.16% for SPUC.
Holdings Overlap
SCHD and SPUC share 0 holdings out of 101 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SPUC?
SCHD has an expense ratio of 0.06% while SPUC charges 0.53%. SCHD is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, SCHD or SPUC?
Over the past year SCHD returned +31.38% vs +22.71% for SPUC, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +11.39% vs +16.26% for SPUC. Past performance does not guarantee future results.
Which is riskier, SCHD or SPUC?
SPUC has been the more volatile fund at 19.5% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPUC -29.2%.
Should I hold both SCHD and SPUC?
SCHD and SPUC have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPUC?
SCHD and SPUC share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or SPUC?
SCHD yields 3.31% while SPUC yields 11.16%, so SPUC currently pays the higher dividend yield.
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