SCHD vs SPXN
Schwab US Dividend Equity ETF vs ProShares S&P 500 Ex-Financials ETF
Which is better, SCHD or SPXN?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, SPXN over 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 44.0%.
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 | SPXN |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.09% |
| AUM | $112.1B | $79M |
| Dividend Yield | 3.00% | 0.88% |
| Holdings | 103 | 397 |
| YTD Return | +25.84%Best | +12.58% |
| 1Y Return | +30.18%Best | +17.38% |
| 3Y Return (annualized) | +16.08% | +21.23%Best |
| 5Y Return (annualized) | +9.97% | +13.08%Best |
| Volatility (annualized) | 14.9%Best | 15.6% |
| Max Drawdown | -33.4% | -32.1%Best |
| $10,000 over 5 years | $16,083 | $18,490Best |
| Top 10 Weight | 41.8%Best | 44.0% |
| Fund Family | Charles Schwab Asset Management | ProShares |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Sep 22, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2015 to Sep 15, 2026 (11 years).
SCHD vs SPXN 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 11 years both funds cover.
SCHD vs SPXN Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and ProShares S&P 500 Ex-Financials ETF (SPXN) is an ETF from ProShares. Over the past year SCHD returned +30.18% while SPXN returned +17.38%. Year to date, SCHD is up 25.84% versus a gain of 12.58% for SPXN.
Over three years, SCHD compounded at +16.08% per year against +21.23% for SPXN; over five years the annualized figures are +9.97% and +13.08% respectively. Across the full 11-year window we track, SPXN has the edge at +14.55% annualized vs +12.07%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXN has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 14.9% 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 -32.1% for SPXN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPXN charges 0.09%. On a $10,000 position that is $6 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.88% for SPXN.
Holdings Overlap
85.0% of SCHD's money is in holdings SPXN also owns. 8.7% of SPXN's money is in holdings SCHD also owns.
Most of SCHD is already inside SPXN. Owning both mostly buys the same companies twice.
37 positions in common, counted across the 100 positions we hold weights for in SCHD and 397 in SPXN, against full books of 103 and 397.
What only one of them owns
Our book lists 349 positions for SPXN that do not appear in our book for SCHD (90.3% of the fund), and 62 for SCHD that do not appear in SPXN (14.9%).
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 SPXN | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 0.64% | 4.13% |
| AMGNAmgen Inc. | 4.70% | 0.41% | 4.29% |
| ABTAbbott Laboratories | 4.69% | 0.34% | 4.35% |
| KOCoca Cola Co. | 4.17% | 0.60% | 3.57% |
| CVXChevron Corp | 4.02% | 0.68% | 3.34% |
| HDHome Depot Inc/The | 3.88% | 0.57% | 3.31% |
| UNHUnitedhealth Group Incorporated | 3.82% | 0.62% | 3.20% |
| PGProcter & Gamble Company | 3.83% | 0.59% | 3.24% |
| VZVerizon Communic | 3.97% | 0.37% | 3.60% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 0.28% | 3.66% |
85.0% of SCHD is already inside SPXN.
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 SPXN?
SCHD has an expense ratio of 0.06% while SPXN charges 0.09%. SCHD is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, SCHD or SPXN?
Over the past year SCHD returned +30.18% vs +17.38% for SPXN, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +12.07% vs +14.55% for SPXN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPXN?
SPXN has been the more volatile fund at 15.6% annualized versus 14.9% for SCHD. Worst drawdown: SCHD -33.4% vs SPXN -32.1%.
Should I hold both SCHD and SPXN?
SCHD and SPXN have a monthly-return correlation of 0.76, 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 SPXN?
85.0% of SCHD's money is in holdings SPXN also owns. 8.7% of SPXN's is in holdings SCHD also owns. They hold 37 positions in common, counted across the 100 positions we hold weights for in SCHD and 397 in SPXN.
Which pays a higher dividend, SCHD or SPXN?
SCHD yields 3.00% while SPXN yields 0.88%, so SCHD currently pays the higher dividend yield.
Is SPXN better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, SPXN over 3Y, 5Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 44.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.