SCHD vs SQLV
Schwab US Dividend Equity ETF vs Royce Quant Small Cap Quality Value ETF
Which is better, SCHD or SQLV?
Large Cap Value against Small Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SQLV is less concentrated, with 8.8% 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 | SQLV |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.60% |
| AUM | $112.1B | $40M |
| Dividend Yield | 3.00% | 0.95% |
| Holdings | 103 | 322 |
| YTD Return | +24.23%Best | +22.78% |
| 1Y Return | +27.90%Best | +23.54% |
| 3Y Return (annualized) | +15.55%Best | +14.74% |
| 5Y Return (annualized) | +9.97%Best | +8.14% |
| Volatility (annualized) | 15.9%Best | 22.6% |
| Max Drawdown | -33.4%Best | -49.8% |
| $10,000 over 5 years | $16,083Best | $14,789 |
| Top 10 Weight | 41.8% | 8.8%Best |
| Fund Family | Charles Schwab Asset Management | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Small Cap Value |
| Inception | Oct 20, 2011 | Jul 12, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Jul 13, 2017 to Sep 17, 2026 (9.2 years).
SCHD vs SQLV 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 9.2 years both funds cover.
SCHD vs SQLV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Royce Quant Small Cap Quality Value ETF (SQLV) is an ETF from Franklin Templeton Investments (US). Over the past year SCHD returned +27.90% while SQLV returned +23.54%. Year to date, SCHD is up 24.23% versus a gain of 22.78% for SQLV.
Over three years, SCHD compounded at +15.55% per year against +14.74% for SQLV; over five years the annualized figures are +9.97% and +8.14% respectively. Across the full 9-year window we track, SCHD has the edge at +11.52% annualized vs +9.11%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SQLV has been the more volatile fund, with annualized monthly volatility of 22.6% compared with 15.9% 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 -49.8% for SQLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SQLV charges 0.60%. On a $10,000 position that is $6 vs $60 annually, a gap of $54 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.95% for SQLV.
Holdings Overlap
0.6% of SCHD's money is in holdings SQLV also owns. 5.3% of SQLV's money is in holdings SCHD also owns.
SQLV and SCHD share little of their money.
12 positions in common, counted across the 100 positions we hold weights for in SCHD and 317 in SQLV, against full books of 103 and 322.
What only one of them owns
Our book lists 301 positions for SQLV that do not appear in our book for SCHD (92.8% of the fund), and 87 for SCHD that do not appear in SQLV (99.3%).
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 SQLV | Difference |
|---|---|---|---|
| FHIFederated Investors Inc. | 0.11% | 0.78% | 0.67% |
| KFYKorn Ferry | 0.11% | 0.57% | 0.46% |
| WUWestern Union Co (The) | 0.05% | 0.60% | 0.55% |
| APAMArtisan Partners Asset Management, Inc. | 0.07% | 0.48% | 0.41% |
| THFFFirst Financial Corporation | 0.02% | 0.53% | 0.51% |
| PFBCPreferred Bank La | 0.03% | 0.47% | 0.44% |
| BKEBuckle Inc/the | 0.03% | 0.46% | 0.43% |
| NSPInsperity Inc | 0.05% | 0.31% | 0.26% |
| CNSCohen & Steers Inc | 0.05% | 0.30% | 0.25% |
| EBFEnnis Inc | 0.01% | 0.32% | 0.31% |
You are not choosing between two funds in isolation.
Whichever of SCHD and SQLV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or SQLV?
SCHD has an expense ratio of 0.06% while SQLV charges 0.60%. SCHD is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, SCHD or SQLV?
Over the past year SCHD returned +27.90% vs +23.54% for SQLV, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), SCHD annualized +11.52% vs +9.11% for SQLV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SQLV?
SQLV has been the more volatile fund at 22.6% annualized versus 15.9% for SCHD. Worst drawdown: SCHD -33.4% vs SQLV -49.8%.
Should I hold both SCHD and SQLV?
SCHD and SQLV have a monthly-return correlation of 0.84, 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 SQLV?
5.3% of SQLV's money is in holdings SCHD also owns. 5.3% of SQLV's is in holdings SCHD also owns. They hold 12 positions in common, counted across the 100 positions we hold weights for in SCHD and 317 in SQLV.
Which pays a higher dividend, SCHD or SQLV?
SCHD yields 3.00% while SQLV yields 0.95%, so SCHD currently pays the higher dividend yield.
Is SQLV better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. SQLV is less concentrated, with 8.8% 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.