SCHD vs SRLN
SCHD vs SRLN
Schwab US Dividend Equity ETF vs State Street Blackstone Senior Loan ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | SRLN | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.70% | |
| AUM | $103.7B | $5.3B | |
| Dividend Yield | 3.31% | 7.50% | |
| Holdings | 104 | 607 | |
| YTD Return | +24.26% | +1.41% | |
| 1Y Return | +31.38% | +4.33% | |
| 3Y Return (annualized) | +15.08% | +7.18% | |
| 5Y Return (annualized) | +9.72% | +4.79% | |
| Volatility (annualized) | 13.6% | 5.2% | |
| Max Drawdown | -33.4% | -28.4% | |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Apr 3, 2013 |
SCHD vs SRLN Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and State Street Blackstone Senior Loan ETF (SRLN) is a ETF from State Street Investment Management. Over the past year SCHD returned +31.38% while SRLN returned +4.33%. Year to date, SCHD is up 24.26% versus a gain of 1.41% for SRLN.
Over three years, SCHD compounded at +15.08% per year against +7.18% for SRLN; over five years the annualized figures are +9.72% and +4.79% respectively. Across the full 13-year window we track, SCHD has the edge at +11.39% annualized vs +1.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.2% for SRLN. 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 -28.4% for SRLN. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SRLN charges 0.70%. On a $10,000 position that is $6 vs $70 annually, a gap of $64 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 7.50% for SRLN.
Holdings Overlap
SCHD and SRLN share 0 holdings out of 126 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or SRLN?
SCHD has an expense ratio of 0.06% while SRLN charges 0.70%. SCHD is the cheaper option. On a $10,000 investment, that is $64 per year of difference.
Which performed better, SCHD or SRLN?
Over the past year SCHD returned +31.38% vs +4.33% for SRLN, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), SCHD annualized +11.39% vs +1.24% for SRLN. Past performance does not guarantee future results.
Which is riskier, SCHD or SRLN?
SCHD has been the more volatile fund at 13.6% annualized versus 5.2% for SRLN. Worst drawdown: SCHD -33.4% vs SRLN -28.4%.
Should I hold both SCHD and SRLN?
SCHD and SRLN have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SRLN?
SCHD and SRLN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 126 unique securities.
Which pays a higher dividend, SCHD or SRLN?
SCHD yields 3.31% while SRLN yields 7.50%, so SRLN currently pays the higher dividend yield.
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