SCHD vs SYZ
Schwab US Dividend Equity ETF vs Lazard US Systematic Small Cap Equity ETF
Which is better, SCHD or SYZ?
Large Cap Value against Small Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y. SYZ is less concentrated, with 7.3% 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 | SYZ |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.61% |
| AUM | $112.1B | - |
| Dividend Yield | 3.00% | 0.24% |
| Holdings | 103 | 386 |
| YTD Return | +25.07%Best | +17.61% |
| 1Y Return | +27.61%Best | +19.40% |
| 3Y Return (annualized) | +15.74% | - |
| 5Y Return (annualized) | +9.89% | - |
| Volatility (annualized) | 13.3%Best | 14.1% |
| Top 10 Weight | 41.8% | 7.3%Best |
| Fund Family | Charles Schwab Asset Management | Lazard Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Small Cap Blend |
| Inception | Oct 20, 2011 | Oct 29, 2021 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
SCHD vs SYZ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SCHD vs SYZ Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Lazard US Systematic Small Cap Equity ETF (SYZ) is an ETF from Lazard Asset Management. Over the past year SCHD returned +27.61% while SYZ returned +19.40%. Year to date, SCHD is up 25.07% versus a gain of 17.61% for SYZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SYZ has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.3% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while SYZ charges 0.61%. On a $10,000 position that is $6 vs $61 annually, a gap of $55 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.24% for SYZ.
Holdings Overlap
1.7% of SCHD's money is in holdings SYZ also owns. 2.8% of SYZ's money is in holdings SCHD also owns.
SYZ and SCHD share little of their money.
13 positions in common, counted across the 100 positions we hold weights for in SCHD and 430 in SYZ, against full books of 103 and 386.
What only one of them owns
Our book lists 361 positions for SYZ that do not appear in our book for SCHD (86.7% of the fund), and 87 for SCHD that do not appear in SYZ (98.3%).
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 SYZ | Difference |
|---|---|---|---|
| ALVAutoliv, Inc. Com | 0.20% | 0.46% | 0.26% |
| DINOHollyfrontier | 0.38% | 0.20% | 0.18% |
| KFYKorn Ferry | 0.11% | 0.47% | 0.36% |
| FHIFederated Investors Inc | 0.11% | 0.42% | 0.31% |
| SRCE1st Source Corp Common Stock | 0.04% | 0.35% | 0.31% |
| AFGAmerican Financial Group Inc/Oh | 0.24% | 0.14% | 0.10% |
| ORIOld Republic International Corp | 0.23% | 0.15% | 0.08% |
| CWENClearway Energy Inc | 0.09% | 0.16% | 0.07% |
| CNSCohen & Steers Inc | 0.05% | 0.17% | 0.12% |
| CPFCentral Pacific Financial Company | 0.02% | 0.18% | 0.16% |
You are not choosing between two funds in isolation.
Whichever of SCHD and SYZ 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 SYZ?
SCHD has an expense ratio of 0.06% while SYZ charges 0.61%. SCHD is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, SCHD or SYZ?
Over the past year SCHD returned +27.61% vs +19.40% for SYZ, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SYZ?
SYZ has been the more volatile fund at 14.1% annualized versus 13.3% for SCHD.
Should I hold both SCHD and SYZ?
SCHD and SYZ have a monthly-return correlation of 0.43, 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 SYZ?
2.8% of SYZ's money is in holdings SCHD also owns. 2.8% of SYZ's is in holdings SCHD also owns. They hold 13 positions in common, counted across the 100 positions we hold weights for in SCHD and 430 in SYZ.
Which pays a higher dividend, SCHD or SYZ?
SCHD yields 3.00% while SYZ yields 0.24%, so SCHD currently pays the higher dividend yield.
Is SYZ better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y. SYZ is less concentrated, with 7.3% 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.