SCHD vs SPWO
Schwab US Dividend Equity ETF vs SP Funds S&P World (ex-US) ETF
Quick Verdict
SCHD has a lower expense ratio. SPWO delivered stronger 1-year returns. SPWO offers more diversification with 371 holdings.
Side-by-Side Comparison
| Metric | SCHD | SPWO | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.55% | |
| AUM | $103.7B | $192M | |
| Dividend Yield | 3.31% | 1.21% | |
| Holdings | 104 | 391 | |
| YTD Return | +25.33% | +19.44% | |
| 1Y Return | +32.31% | +37.33% | |
| 3Y Return (annualized) | +15.40% | - | |
| 5Y Return (annualized) | +9.70% | - | |
| Volatility (annualized) | 13.6% | 15.8% | |
| Max Drawdown | -33.4% | -18.1% | |
| Fund Family | Charles Schwab Asset Management | SP Funds | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Dec 19, 2023 |
SCHD vs SPWO Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and SP Funds S&P World (ex-US) ETF (SPWO) is a ETF from SP Funds. Over the past year SCHD returned +32.31% while SPWO returned +37.33%. Year to date, SCHD is up 25.33% versus a gain of 19.44% for SPWO.
Risk: Volatility and Drawdowns
SPWO has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -18.1% for SPWO. 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPWO charges 0.55%. On a $10,000 position that is $6 vs $55 annually, a gap of $49 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.21% for SPWO.
Holdings Overlap
SCHD and SPWO share 0 holdings out of 471 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 SPWO?
SCHD has an expense ratio of 0.06% while SPWO charges 0.55%. SCHD is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, SCHD or SPWO?
Over the past year SCHD returned +32.31% vs +37.33% for SPWO, so SPWO leads on 1-year performance. Over the longest common window we track (3 years), SCHD annualized +11.45% vs +23.22% for SPWO. Past performance does not guarantee future results.
Which is riskier, SCHD or SPWO?
SPWO has been the more volatile fund at 15.8% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SPWO -18.1%.
Should I hold both SCHD and SPWO?
SCHD and SPWO have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SPWO?
SCHD and SPWO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 471 unique securities.
Which pays a higher dividend, SCHD or SPWO?
SCHD yields 3.31% while SPWO yields 1.21%, so SCHD currently pays the higher dividend yield.
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