SCHD vs SYLD
Schwab US Dividend Equity ETF vs Cambria Shareholder Yield ETF
Which is better, SCHD or SYLD?
Large Cap Value against Mid Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and 5Y, SYLD over the full window. SYLD is less concentrated, with 14.8% 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 | SYLD |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.59% |
| AUM | $112.1B | $1.0B |
| Dividend Yield | 3.00% | 1.69% |
| Holdings | 103 | 100 |
| YTD Return | +21.99%Best | +16.33% |
| 1Y Return | +25.92%Best | +19.94% |
| 3Y Return (annualized) | +15.66%Best | +11.66% |
| 5Y Return (annualized) | +9.48%Best | +8.21% |
| Volatility (annualized) | 14.3%Best | 19.8% |
| Max Drawdown | -33.4%Best | -45.4% |
| $10,000 over 5 years | $15,728Best | $14,837 |
| Top 10 Weight | 41.8% | 14.8%Best |
| Fund Family | Charles Schwab Asset Management | Cambria Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Mid Cap Value |
| Inception | Oct 20, 2011 | May 13, 2013 |
Volatility and max drawdown are measured over the window both funds cover: May 14, 2013 to Sep 23, 2026 (13.4 years).
SCHD vs SYLD 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 13.4 years both funds cover.
SCHD vs SYLD Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Cambria Shareholder Yield ETF (SYLD) is an ETF from Cambria Investment Management. Over the past year SCHD returned +25.92% while SYLD returned +19.94%. Year to date, SCHD is up 21.99% versus a gain of 16.33% for SYLD.
Over three years, SCHD compounded at +15.66% per year against +11.66% for SYLD; over five years the annualized figures are +9.48% and +8.21% respectively. Across the full 13-year window we track, SYLD has the edge at +12.05% annualized vs +10.06%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SYLD has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 14.3% 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 -45.4% for SYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while SYLD charges 0.59%. On a $10,000 position that is $6 vs $59 annually, a gap of $53 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 1.69% for SYLD.
Holdings Overlap
15.8% of SCHD's money is in holdings SYLD also owns. 14.9% of SYLD's money is in holdings SCHD also owns.
SCHD and SYLD share little of their money.
14 positions in common, counted across the 100 positions we hold weights for in SCHD and 99 in SYLD, against full books of 103 and 100.
What only one of them owns
Our book lists 84 positions for SYLD that do not appear in our book for SCHD (83.9% of the fund), and 85 for SCHD that do not appear in SYLD (84.1%).
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 SYLD | Difference |
|---|---|---|---|
| COPConocophillips Common Stock USD 0.01 | 3.94% | 1.13% | 2.81% |
| VZVerizon Communic | 3.97% | 1.00% | 2.97% |
| CMCSAComcast Corp-class A Cmcsa | 2.31% | 1.08% | 1.23% |
| EOGEog Resources Inc | 1.88% | 0.99% | 0.89% |
| TGTTarget Corp Common Stock Usd.0833 | 1.78% | 1.07% | 0.71% |
| DINOHF Sinclair Corp | 0.38% | 1.43% | 1.05% |
| APAApa Corp | 0.37% | 1.19% | 0.82% |
| RHIRobert Half International Inc. | 0.11% | 1.42% | 1.31% |
| PFGPrincipalfinancialgroupinc. | 0.53% | 0.94% | 0.41% |
| AFGAmerican Financial Group Inc/Oh | 0.24% | 0.94% | 0.70% |
You are not choosing between two funds in isolation.
Whichever of SCHD and SYLD 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 SYLD?
SCHD has an expense ratio of 0.06% while SYLD charges 0.59%. SCHD is the cheaper option, by $53 a year on a $10,000 investment.
Which performed better, SCHD or SYLD?
Over the past year SCHD returned +25.92% vs +19.94% for SYLD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), SCHD annualized +10.06% vs +12.05% for SYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SYLD?
SYLD has been the more volatile fund at 19.8% annualized versus 14.3% for SCHD. Worst drawdown: SCHD -33.4% vs SYLD -45.4%.
Should I hold both SCHD and SYLD?
SCHD and SYLD have a monthly-return correlation of 0.86, 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 SYLD?
15.8% of SCHD's money is in holdings SYLD also owns. 14.9% of SYLD's is in holdings SCHD also owns. They hold 14 positions in common, counted across the 100 positions we hold weights for in SCHD and 99 in SYLD.
Which pays a higher dividend, SCHD or SYLD?
SCHD yields 3.00% while SYLD yields 1.69%, so SCHD currently pays the higher dividend yield.
Is SYLD better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and 5Y, SYLD over the full window. SYLD is less concentrated, with 14.8% 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.