SCHD vs UPGD
Schwab US Dividend Equity ETF vs Invesco Bloomberg Analyst Rating Improvers ETF
Which is better, SCHD or UPGD?
Large Cap Value against Mid Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. UPGD is less concentrated, with 25.1% 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 | UPGD |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.40% |
| AUM | $112.1B | $118M |
| Dividend Yield | 3.00% | 1.56% |
| Holdings | 103 | 52 |
| YTD Return | +23.68%Best | +10.06% |
| 1Y Return | +28.36%Best | +10.93% |
| 3Y Return (annualized) | +16.20%Best | +14.66% |
| 5Y Return (annualized) | +10.07%Best | +7.42% |
| Volatility (annualized) | 13.7%Best | 19.0% |
| Max Drawdown | -33.4%Best | -50.2% |
| $10,000 over 5 years | $16,156Best | $14,303 |
| Top 10 Weight | 41.8% | 25.1%Best |
| Fund Family | Charles Schwab Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Mid Cap Value |
| Inception | Oct 20, 2011 | May 19, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 22, 2026 (14.9 years).
SCHD vs UPGD 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 14.9 years both funds cover.
SCHD vs UPGD Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) is an ETF from Invesco (US). Over the past year SCHD returned +28.36% while UPGD returned +10.93%. Year to date, SCHD is up 23.68% versus a gain of 10.06% for UPGD.
Over three years, SCHD compounded at +16.20% per year against +14.66% for UPGD; over five years the annualized figures are +10.07% and +7.42% respectively. Across the full 15-year window we track, SCHD has the edge at +11.26% annualized vs +10.84%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UPGD has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 13.7% 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 -50.2% for UPGD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 3.00% against 1.56% for UPGD.
Holdings Overlap
16.9% of SCHD's money is in holdings UPGD also owns. 16.8% of UPGD's money is in holdings SCHD also owns.
SCHD and UPGD share little of their money.
9 positions in common, counted across the 100 positions we hold weights for in SCHD and 50 in UPGD, against full books of 103 and 52.
What only one of them owns
Our book lists 40 positions for UPGD that do not appear in our book for SCHD (81.9% of the fund), and 90 for SCHD that do not appear in UPGD (83.0%).
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 UPGD | Difference |
|---|---|---|---|
| BMYBristol-Myers Squibb Co. | 3.33% | 2.17% | 1.16% |
| PEPPepsico Inc. | 3.64% | 1.79% | 1.85% |
| TXNTexas Instrument Inc | 3.13% | 1.63% | 1.50% |
| MOAltria Group Inc | 2.79% | 1.77% | 1.02% |
| FFord Motor Credit | 1.33% | 2.03% | 0.70% |
| KMBKimberly-Clark Corp. | 0.87% | 2.10% | 1.23% |
| ADMArcher-Daniels-Midland Co. | 0.96% | 2.00% | 1.04% |
| HSYHershey Co. | 0.64% | 1.77% | 1.13% |
| WSOWatsco Inc | 0.26% | 1.52% | 1.26% |
You are not choosing between two funds in isolation.
Whichever of SCHD and UPGD 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 UPGD?
SCHD has an expense ratio of 0.06% while UPGD charges 0.40%. SCHD is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, SCHD or UPGD?
Over the past year SCHD returned +28.36% vs +10.93% for UPGD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.26% vs +10.84% for UPGD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or UPGD?
UPGD has been the more volatile fund at 19.0% annualized versus 13.7% for SCHD. Worst drawdown: SCHD -33.4% vs UPGD -50.2%.
Should I hold both SCHD and UPGD?
SCHD and UPGD have a monthly-return correlation of 0.81, 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 UPGD?
16.9% of SCHD's money is in holdings UPGD also owns. 16.8% of UPGD's is in holdings SCHD also owns. They hold 9 positions in common, counted across the 100 positions we hold weights for in SCHD and 50 in UPGD.
Which pays a higher dividend, SCHD or UPGD?
SCHD yields 3.00% while UPGD yields 1.56%, so SCHD currently pays the higher dividend yield.
Is UPGD better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. UPGD is less concentrated, with 25.1% 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.