SCHD vs UDIV
Schwab US Dividend Equity ETF vs Franklin US Core Dividend Tilt Index ETF
Which is better, SCHD or UDIV?
Each has led over a different period.
SCHD led over 1Y and the full window, UDIV over 3Y and 5Y. UDIV is less concentrated, with 37.5% of the fund in its ten largest positions against 41.5%.
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 | UDIV |
|---|---|---|
| Expense Ratio | 0.06%Tie | 0.06%Tie |
| AUM | $112.2B | $148M |
| Dividend Yield | 3.13% | 1.49% |
| Holdings | 103 | 286 |
| YTD Return | +28.59%Best | +17.71% |
| 1Y Return | +31.77%Best | +25.53% |
| 3Y Return (annualized) | +16.70% | +23.62%Best |
| 5Y Return (annualized) | +10.09% | +13.99%Best |
| Volatility (annualized) | 15.1% | 14.3%Best |
| Max Drawdown | -33.4%Best | -35.5% |
| $10,000 over 5 years | $16,171 | $19,246Best |
| Top 10 Weight | 41.5% | 37.5%Best |
| Fund Family | Charles Schwab Asset Management | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | Jun 1, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Jun 3, 2016 to Sep 3, 2026 (10.3 years).
SCHD vs UDIV 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 10.3 years both funds cover.
SCHD vs UDIV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Franklin US Core Dividend Tilt Index ETF (UDIV) is an ETF from Franklin Templeton Investments (US). Over the past year SCHD returned +31.77% while UDIV returned +25.53%. Year to date, SCHD is up 28.59% versus a gain of 17.71% for UDIV.
Over three years, SCHD compounded at +16.70% per year against +23.62% for UDIV; over five years the annualized figures are +10.09% and +13.99% respectively. Across the full 10-year window we track, SCHD has the edge at +11.77% annualized vs +10.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.3% for UDIV. 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 -35.5% for UDIV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while UDIV charges 0.06%. On a $10,000 position that is $6 vs $6 annually. On income, SCHD currently yields 3.13% against 1.49% for UDIV.
Holdings Overlap
90.0% of SCHD's money is in holdings UDIV also owns. 13.7% of UDIV's money is in holdings SCHD also owns.
Most of SCHD is already inside UDIV. Owning both mostly buys the same companies twice.
41 positions in common, counted across the 100 positions we hold weights for in SCHD and 277 in UDIV, against full books of 103 and 286.
What only one of them owns
Our book lists 231 positions for UDIV that do not appear in our book for SCHD (85.2% of the fund), and 58 for SCHD that do not appear in UDIV (9.9%).
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 UDIV | Difference |
|---|---|---|---|
| HDHome Depot Inc/The | 4.32% | 0.92% | 3.40% |
| AMGNAmgen Inc. | 4.62% | 0.44% | 4.18% |
| ABTAbbott Laboratories | 4.70% | 0.25% | 4.45% |
| MRKMerck & Company Inc | 4.26% | 0.59% | 3.67% |
| KOCoca Cola Co. | 4.20% | 0.64% | 3.56% |
| UNHUnitedhealth Group Incorporated | 4.11% | 0.58% | 3.53% |
| VZVerizon Communic | 3.84% | 0.80% | 3.04% |
| CVXChevron Corp | 3.74% | 0.89% | 2.85% |
| PGProcter & Gamble Company | 3.96% | 0.54% | 3.42% |
| PEPPepsico Inc. | 3.71% | 0.66% | 3.05% |
90.0% of SCHD is already inside UDIV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or UDIV?
SCHD has an expense ratio of 0.06% while UDIV charges 0.06%. At the precision these are quoted to, they cost the same.
Which performed better, SCHD or UDIV?
Over the past year SCHD returned +31.77% vs +25.53% for UDIV, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), SCHD annualized +11.77% vs +10.31% for UDIV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or UDIV?
SCHD has been the more volatile fund at 15.1% annualized versus 14.3% for UDIV. Worst drawdown: SCHD -33.4% vs UDIV -35.5%.
Should I hold both SCHD and UDIV?
SCHD and UDIV have a monthly-return correlation of 0.82, 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 UDIV?
90.0% of SCHD's money is in holdings UDIV also owns. 13.7% of UDIV's is in holdings SCHD also owns. They hold 41 positions in common, counted across the 100 positions we hold weights for in SCHD and 277 in UDIV.
Which pays a higher dividend, SCHD or UDIV?
SCHD yields 3.13% while UDIV yields 1.49%, so SCHD currently pays the higher dividend yield.
Is UDIV better than SCHD?
SCHD led over 1Y and the full window, UDIV over 3Y and 5Y. UDIV is less concentrated, with 37.5% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.