SCHD vs SPYX
Schwab US Dividend Equity ETF vs State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
Which is better, SCHD or SPYX?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, SPYX over 3Y, 5Y and the full window. SPYX is less concentrated, with 39.1% 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 | SPYX |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.20% |
| AUM | $112.1B | $2.8B |
| Dividend Yield | 3.00% | 0.84% |
| Holdings | 103 | 493 |
| YTD Return | +25.84%Best | +10.72% |
| 1Y Return | +30.18%Best | +15.05% |
| 3Y Return (annualized) | +16.08% | +20.87%Best |
| 5Y Return (annualized) | +9.97% | +12.05%Best |
| Volatility (annualized) | 14.8%Best | 15.2% |
| Max Drawdown | -33.4% | -33.2%Best |
| $10,000 over 5 years | $16,083 | $17,663Best |
| Top 10 Weight | 41.8% | 39.1%Best |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Nov 30, 2015 |
Volatility and max drawdown are measured over the window both funds cover: Dec 1, 2015 to Sep 15, 2026 (10.8 years).
SCHD vs SPYX 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 10.8 years both funds cover.
SCHD vs SPYX Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is an ETF from State Street Investment Management. Over the past year SCHD returned +30.18% while SPYX returned +15.05%. Year to date, SCHD is up 25.84% versus a gain of 10.72% for SPYX.
Over three years, SCHD compounded at +16.08% per year against +20.87% for SPYX; over five years the annualized figures are +9.97% and +12.05% respectively. Across the full 11-year window we track, SPYX has the edge at +13.46% annualized vs +11.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYX has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 14.8% 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 -33.2% for SPYX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SPYX charges 0.20%. On a $10,000 position that is $6 vs $20 annually, a gap of $14 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.84% for SPYX.
Holdings Overlap
80.5% of SCHD's money is in holdings SPYX also owns. 7.0% of SPYX's money is in holdings SCHD also owns.
Most of SCHD is already inside SPYX. Owning both mostly buys the same companies twice.
40 positions in common, counted across the 100 positions we hold weights for in SCHD and 489 in SPYX, against full books of 103 and 493.
What only one of them owns
Our book lists 441 positions for SPYX that do not appear in our book for SCHD (92.3% of the fund), and 59 for SCHD that do not appear in SPYX (19.5%).
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 SPYX | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 0.57% | 4.20% |
| AMGNAmgen Inc. | 4.70% | 0.36% | 4.34% |
| ABTAbbott Laboratories | 4.69% | 0.30% | 4.39% |
| KOCoca Cola Co. | 4.17% | 0.54% | 3.63% |
| HDHome Depot Inc/The | 3.88% | 0.51% | 3.37% |
| UNHUnitedhealth Group Incorporated | 3.82% | 0.55% | 3.27% |
| PGProcter & Gamble Company | 3.83% | 0.53% | 3.30% |
| VZVerizon Communic | 3.97% | 0.33% | 3.64% |
| PEPPepsico Inc. | 3.64% | 0.30% | 3.34% |
| BMYBristol-Myers Squibb Co. | 3.33% | 0.21% | 3.12% |
80.5% of SCHD is already inside SPYX.
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 SPYX?
SCHD has an expense ratio of 0.06% while SPYX charges 0.20%. SCHD is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, SCHD or SPYX?
Over the past year SCHD returned +30.18% vs +15.05% for SPYX, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +11.25% vs +13.46% for SPYX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SPYX?
SPYX has been the more volatile fund at 15.2% annualized versus 14.8% for SCHD. Worst drawdown: SCHD -33.4% vs SPYX -33.2%.
Should I hold both SCHD and SPYX?
SCHD and SPYX have a monthly-return correlation of 0.82, 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 SPYX?
80.5% of SCHD's money is in holdings SPYX also owns. 7.0% of SPYX's is in holdings SCHD also owns. They hold 40 positions in common, counted across the 100 positions we hold weights for in SCHD and 489 in SPYX.
Which pays a higher dividend, SCHD or SPYX?
SCHD yields 3.00% while SPYX yields 0.84%, so SCHD currently pays the higher dividend yield.
Is SPYX better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, SPYX over 3Y, 5Y and the full window. SPYX is less concentrated, with 39.1% 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.