SCHD vs SPXV
Schwab US Dividend Equity ETF vs ProShares S&P 500 Ex-Health Care ETF
Which is better, SCHD or SPXV?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, SPXV over 3Y, 5Y and the full window. SPXV is less concentrated, with 41.5% 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 | SPXV |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.09% |
| AUM | $112.1B | $41M |
| Dividend Yield | 3.00% | 0.94% |
| Holdings | 103 | 445 |
| YTD Return | +25.07%Best | +13.14% |
| 1Y Return | +27.61%Best | +17.20% |
| 3Y Return (annualized) | +15.74% | +22.63%Best |
| 5Y Return (annualized) | +9.89% | +13.67%Best |
| Volatility (annualized) | 14.9%Best | 16.2% |
| Max Drawdown | -33.4%Best | -34.3% |
| $10,000 over 5 years | $16,025 | $18,977Best |
| Top 10 Weight | 41.8% | 41.5%Best |
| 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 11, 2026 (11 years).
SCHD vs SPXV 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 SPXV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and ProShares S&P 500 Ex-Health Care ETF (SPXV) is an ETF from ProShares. Over the past year SCHD returned +27.61% while SPXV returned +17.20%. Year to date, SCHD is up 25.07% versus a gain of 13.14% for SPXV.
Over three years, SCHD compounded at +15.74% per year against +22.63% for SPXV; over five years the annualized figures are +9.89% and +13.67% respectively. Across the full 11-year window we track, SPXV has the edge at +14.73% annualized vs +12.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXV has been the more volatile fund, with annualized monthly volatility of 16.2% 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 -34.3% for SPXV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPXV 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 0.94% for SPXV.
Holdings Overlap
73.6% of SCHD's money is in holdings SPXV also owns. 6.4% of SPXV's money is in holdings SCHD also owns.
Most of SCHD is already inside SPXV. Owning both mostly buys the same companies twice.
41 positions in common, counted across the 100 positions we hold weights for in SCHD and 444 in SPXV, against full books of 103 and 445.
What only one of them owns
Our book lists 387 positions for SPXV that do not appear in our book for SCHD (92.2% of the fund), and 58 for SCHD that do not appear in SPXV (26.4%).
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 SPXV | Difference |
|---|---|---|---|
| KOCoca Cola Co. | 4.17% | 0.55% | 3.62% |
| CVXChevron Corp. | 4.02% | 0.57% | 3.45% |
| HDHome Depot Inc/The | 3.88% | 0.58% | 3.30% |
| PGProcter & Gamble Company | 3.83% | 0.56% | 3.27% |
| VZVerizon Communications, Inc. | 3.97% | 0.32% | 3.65% |
| COPConocophillips Co | 3.94% | 0.23% | 3.71% |
| PEPPepsico Inc. | 3.64% | 0.31% | 3.33% |
| TXNTexas Instruments, Inc | 3.13% | 0.42% | 2.71% |
| ACNAccenture Plc | 2.84% | 0.17% | 2.67% |
| MOAltria Group Inc. | 2.79% | 0.19% | 2.60% |
73.6% of SCHD is already inside SPXV.
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 SPXV?
SCHD has an expense ratio of 0.06% while SPXV charges 0.09%. SCHD is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, SCHD or SPXV?
Over the past year SCHD returned +27.61% vs +17.20% for SPXV, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +12.02% vs +14.73% for SPXV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPXV?
SPXV has been the more volatile fund at 16.2% annualized versus 14.9% for SCHD. Worst drawdown: SCHD -33.4% vs SPXV -34.3%.
Should I hold both SCHD and SPXV?
SCHD and SPXV have a monthly-return correlation of 0.77, 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 SPXV?
73.6% of SCHD's money is in holdings SPXV also owns. 6.4% of SPXV's is in holdings SCHD also owns. They hold 41 positions in common, counted across the 100 positions we hold weights for in SCHD and 444 in SPXV.
Which pays a higher dividend, SCHD or SPXV?
SCHD yields 3.00% while SPXV yields 0.94%, so SCHD currently pays the higher dividend yield.
Is SPXV better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, SPXV over 3Y, 5Y and the full window. SPXV is less concentrated, with 41.5% 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.