SCHD vs SVOL
Schwab US Dividend Equity ETF vs Simplify Volatility Premium 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 | SVOL | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.66% | |
| AUM | $103.7B | $523M | |
| Dividend Yield | 3.31% | 22.03% | |
| Holdings | 104 | 32 | |
| YTD Return | +25.33% | +3.88% | |
| 1Y Return | +32.31% | +17.81% | |
| 3Y Return (annualized) | +15.40% | +6.65% | |
| 5Y Return (annualized) | +9.70% | +6.97% | |
| Volatility (annualized) | 13.6% | 13.4% | |
| Max Drawdown | -33.4% | -33.5% | |
| Fund Family | Charles Schwab Asset Management | Simplify Exchange Traded Funds | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | May 12, 2021 |
SCHD vs SVOL Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Simplify Volatility Premium ETF (SVOL) is a ETF from Simplify Exchange Traded Funds. Over the past year SCHD returned +32.31% while SVOL returned +17.81%. Year to date, SCHD is up 25.33% versus a gain of 3.88% for SVOL.
Over three years, SCHD compounded at +15.40% per year against +6.65% for SVOL; over five years the annualized figures are +9.70% and +6.97% respectively. Across the full 5-year window we track, SCHD has the edge at +11.45% annualized vs +8.25%. 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 13.4% for SVOL. 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 -33.5% for SVOL. 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while SVOL charges 0.66%. On a $10,000 position that is $6 vs $66 annually, a gap of $60 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 22.03% for SVOL.
Holdings Overlap
SCHD and SVOL share 0 holdings out of 109 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 SVOL?
SCHD has an expense ratio of 0.06% while SVOL charges 0.66%. SCHD is the cheaper option. On a $10,000 investment, that is $60 per year of difference.
Which performed better, SCHD or SVOL?
Over the past year SCHD returned +32.31% vs +17.81% for SVOL, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), SCHD annualized +11.45% vs +8.25% for SVOL. Past performance does not guarantee future results.
Which is riskier, SCHD or SVOL?
SCHD has been the more volatile fund at 13.6% annualized versus 13.4% for SVOL. Worst drawdown: SCHD -33.4% vs SVOL -33.5%.
Should I hold both SCHD and SVOL?
SCHD and SVOL have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and SVOL?
SCHD and SVOL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 109 unique securities.
Which pays a higher dividend, SCHD or SVOL?
SCHD yields 3.31% while SVOL yields 22.03%, so SVOL currently pays the higher dividend yield.
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