SCHD vs UPGD
Schwab US Dividend Equity ETF vs Invesco Bloomberg Analyst Rating Improvers 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 | UPGD | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.40% | |
| AUM | $103.7B | $120M | |
| Dividend Yield | 3.31% | 1.58% | |
| Holdings | 104 | 53 | |
| YTD Return | +25.33% | +13.20% | |
| 1Y Return | +32.31% | +18.49% | |
| 3Y Return (annualized) | +15.40% | +13.57% | |
| 5Y Return (annualized) | +9.70% | +7.91% | |
| Volatility (annualized) | 13.6% | 21.2% | |
| Max Drawdown | -33.4% | -60.7% | |
| Fund Family | Charles Schwab Asset Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | May 19, 2006 |
SCHD vs UPGD Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) is a ETF from Invesco (US). Over the past year SCHD returned +32.31% while UPGD returned +18.49%. Year to date, SCHD is up 25.33% versus a gain of 13.20% for UPGD.
Over three years, SCHD compounded at +15.40% per year against +13.57% for UPGD; over five years the annualized figures are +9.70% and +7.91% respectively. Across the full 15-year window we track, SCHD has the edge at +11.45% annualized vs +8.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UPGD has been the more volatile fund, with annualized monthly volatility of 21.2% compared with 13.6% 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 -60.7% for UPGD. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while UPGD charges 0.40%. On a $10,000 position that is $6 vs $40 annually, a gap of $34 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.58% for UPGD.
Holdings Overlap
SCHD and UPGD share 8 holdings out of 143 unique holdings combined, representing a 10.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or UPGD?
SCHD has an expense ratio of 0.06% while UPGD charges 0.40%. SCHD is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, SCHD or UPGD?
Over the past year SCHD returned +32.31% vs +18.49% for UPGD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.45% vs +8.02% for UPGD. Past performance does not guarantee future results.
Which is riskier, SCHD or UPGD?
UPGD has been the more volatile fund at 21.2% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs UPGD -60.7%.
Should I hold both SCHD and UPGD?
SCHD and UPGD have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and UPGD?
SCHD and UPGD share 8 common holdings with a 10.8% weight overlap. Combined, they hold 143 unique securities.
Which pays a higher dividend, SCHD or UPGD?
SCHD yields 3.31% while UPGD yields 1.58%, so SCHD currently pays the higher dividend yield.
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