SCHD vs SQLV
Schwab US Dividend Equity ETF vs Royce Quant Small Cap Quality Value ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SQLV offers more diversification with 324 holdings.
Side-by-Side Comparison
| Metric | SCHD | SQLV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.60% | |
| AUM | $108.7B | $41M | |
| Dividend Yield | 3.13% | 0.95% | |
| Holdings | 104 | 324 | |
| YTD Return | +28.63% | +27.83% | |
| 1Y Return | +32.53% | +32.06% | |
| 3Y Return (annualized) | +16.97% | +15.28% | |
| 5Y Return (annualized) | +10.47% | +9.45% | |
| Volatility (annualized) | 13.7% | 22.6% | |
| Max Drawdown | -33.4% | -49.8% | |
| Fund Family | Charles Schwab Asset Management | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Jul 12, 2017 |
SCHD vs SQLV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Royce Quant Small Cap Quality Value ETF (SQLV) is a ETF from Franklin Templeton Investments (US). Over the past year SCHD returned +32.53% while SQLV returned +32.06%. Year to date, SCHD is up 28.63% versus a gain of 27.83% for SQLV.
Over three years, SCHD compounded at +16.97% per year against +15.28% for SQLV; over five years the annualized figures are +10.47% and +9.45% respectively. Across the full 9-year window we track, SCHD has the edge at +11.63% annualized vs +9.67%. 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 13.7% 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 worth weighing if you expect to sell during market stress rather than ride it out.
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 3.13% against 0.95% for SQLV.
Holdings Overlap
SCHD and SQLV share 12 holdings out of 402 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $54 per year of difference.
Which performed better, SCHD or SQLV?
Over the past year SCHD returned +32.53% vs +32.06% for SQLV, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), SCHD annualized +11.63% vs +9.67% for SQLV. Past performance does not guarantee future results.
Which is riskier, SCHD or SQLV?
SQLV has been the more volatile fund at 22.6% annualized versus 13.7% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SQLV?
SCHD and SQLV share 12 common holdings with a 0.6% weight overlap. Combined, they hold 402 unique securities.
Which pays a higher dividend, SCHD or SQLV?
SCHD yields 3.13% while SQLV yields 0.95%, so SCHD currently pays the higher dividend yield.
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