SCHD vs SPYC
Schwab US Dividend Equity ETF vs Simplify US Equity PLUS Convexity ETF
Which is better, SCHD or SPYC?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, 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 | SPYC |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.53% |
| AUM | $119.9B | $70M |
| Dividend Yield | 2.96% | 1.10% |
| Holdings | 204 | 407 |
| YTD Return | +33.09%Best | +4.63% |
| 1Y Return | +37.17%Best | +2.33% |
| 3Y Return (annualized) | +20.32%Best | +17.28% |
| 5Y Return (annualized) | +10.36%Best | +7.07% |
| Volatility (annualized) | 15.6%Best | 16.3% |
| Max Drawdown | -16.9%Best | -28.5% |
| $10,000 over 5 years | $16,370Best | $14,071 |
| Top 10 Weight | 41.8%Best | 44.0% |
| Fund Family | Charles Schwab Asset Management | Simplify Exchange Traded Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Sep 3, 2020 |
Volatility and max drawdown are measured over the window both funds cover: Sep 4, 2020 to Nov 11, 2026 (6.2 years).
SCHD vs SPYC 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 6.2 years both funds cover.
SCHD vs SPYC Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Simplify US Equity PLUS Convexity ETF (SPYC) is an ETF from Simplify Exchange Traded Funds. Over the past year SCHD returned +37.17% while SPYC returned +2.33%. Year to date, SCHD is up 33.09% versus a gain of 4.63% for SPYC.
Over three years, SCHD compounded at +20.32% per year against +17.28% for SPYC; over five years the annualized figures are +10.36% and +7.07% respectively. Across the full 6-year window we track, SCHD has the edge at +14.44% annualized vs +11.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYC has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 15.6% 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 -16.9% for SCHD and -28.5% for SPYC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPYC 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 2.96% against 1.10% for SPYC.
Holdings Overlap
59.8% of SCHD's money is in holdings SPYC also owns. 8.9% of SPYC's money is in holdings SCHD also owns.
The two portfolios partly overlap.
19 positions in common, counted across the 98 positions we hold weights for in SCHD and 166 in SPYC, against full books of 204 and 407.
What only one of them owns
Our book lists 145 positions for SPYC that do not appear in our book for SCHD (89.6% of the fund), and 78 for SCHD that do not appear in SPYC (39.9%).
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 SPYC | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.00% | 1.20% | 2.80% |
| KOCoca Cola Co. | 4.28% | 0.78% | 3.50% |
| CVXChevron Corp | 4.32% | 0.65% | 3.67% |
| TXNTexas Instrument Inc | 4.53% | 0.42% | 4.11% |
| UNHUnitedhealth Group Incorporated | 4.07% | 0.58% | 3.49% |
| LMTLockheed Martin | 2.65% | 1.99% | 0.66% |
| COPConocophillips Common Stock USD 0.01 | 4.27% | 0.34% | 3.93% |
| QCOMQualcomm Inc. | 4.18% | 0.34% | 3.84% |
| AMGNAmgen Inc. | 3.96% | 0.41% | 3.55% |
| ABTAbbot Laboratories | 3.84% | 0.33% | 3.51% |
59.8% of SCHD is already inside SPYC.
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 SPYC?
SCHD has an expense ratio of 0.06% while SPYC charges 0.53%. SCHD is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, SCHD or SPYC?
Over the past year SCHD returned +37.17% vs +2.33% for SPYC, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +14.44% vs +11.15% for SPYC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPYC?
SPYC has been the more volatile fund at 16.3% annualized versus 15.6% for SCHD. Worst drawdown: SCHD -16.9% vs SPYC -28.5%.
Should I hold both SCHD and SPYC?
SCHD and SPYC have a monthly-return correlation of 0.54, 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 SPYC?
59.8% of SCHD's money is in holdings SPYC also owns. 8.9% of SPYC's is in holdings SCHD also owns. They hold 19 positions in common, counted across the 98 positions we hold weights for in SCHD and 166 in SPYC.
Which pays a higher dividend, SCHD or SPYC?
SCHD yields 2.96% while SPYC yields 1.10%, so SCHD currently pays the higher dividend yield.
Is SPYC better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 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.