SCHD vs SSPX

SCHD vs SSPX

Which is better, SCHD or SSPX?

Large Cap Value against Large Cap Growth.

SCHD has a lower expense ratio. SCHD led over 1Y, SSPX over the full window.

Lower Fees: SCHDHigher Returns: split

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

MetricSCHDSSPX
Expense Ratio0.06%Best0.55%
AUM$112.1B$10M
Dividend Yield3.00%0.30%
Holdings1036
Volatility (annualized)15.0%Best18.9%
Max Drawdown-16.9%Best-34.0%
$10,000 over 4.1 years$12,353$12,842Best
Fund FamilyCharles Schwab Asset ManagementJanus Henderson Investors
CategoryEquityEquity
StyleLarge Cap ValueLarge Cap Growth
InceptionOct 20, 2011Sep 8, 2021

Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.

The two price series end 348 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SCHD has data through Sep 22, 2026 and SSPX through Oct 9, 2025.

Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Sep 9, 2021 to Oct 9, 2025 (4.1 years).

Risk: Volatility and Drawdowns

SSPX has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 15.0% 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 -34.0% for SSPX. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

SCHD charges 0.06% per year while SSPX charges 0.55%. On a $10,000 position that is $6 vs $55 annually, a gap of $49 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.30% for SSPX.

You are not choosing between two funds in isolation.

Whichever of SCHD and SSPX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.

SCHDSSPX

Free for up to 10 holdings. No account needed.

Frequently Asked Questions

Which is cheaper, SCHD or SSPX?

SCHD has an expense ratio of 0.06% while SSPX charges 0.55%. SCHD is the cheaper option, by $49 a year on a $10,000 investment.

Which is riskier, SCHD or SSPX?

SSPX has been the more volatile fund at 18.9% annualized versus 15.0% for SCHD. Worst drawdown: SCHD -16.9% vs SSPX -34.0%.

Should I hold both SCHD and SSPX?

SCHD and SSPX have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.

Which pays a higher dividend, SCHD or SSPX?

SCHD yields 3.00% while SSPX yields 0.30%, so SCHD currently pays the higher dividend yield.

Is SSPX better than SCHD?

SCHD has a lower expense ratio. SCHD led over 1Y, SSPX over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.