SCHD vs USPX
Schwab US Dividend Equity ETF vs Franklin US Equity Index ETF
Which is better, SCHD or USPX?
Large Cap Value against Large Cap Blend.
USPX has a lower expense ratio. SCHD led over 1Y and the full window, USPX over 3Y and 5Y. USPX is less concentrated, with 37.6% 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 | USPX |
|---|---|---|
| Expense Ratio | 0.06% | 0.03%Best |
| AUM | $112.1B | $2.1B |
| Dividend Yield | 3.00% | 1.06% |
| Holdings | 103 | 487 |
| YTD Return | +23.46%Best | +11.83% |
| 1Y Return | +27.20%Best | +15.82% |
| 3Y Return (annualized) | +15.41% | +21.26%Best |
| 5Y Return (annualized) | +10.16% | +12.66%Best |
| Volatility (annualized) | 15.1% | 14.0%Best |
| Max Drawdown | -33.4% | -31.2%Best |
| $10,000 over 5 years | $16,223 | $18,149Best |
| Top 10 Weight | 41.8% | 37.6%Best |
| Fund Family | Charles Schwab Asset Management | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Jun 1, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Jun 3, 2016 to Sep 18, 2026 (10.3 years).
SCHD vs USPX 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 USPX Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Franklin US Equity Index ETF (USPX) is an ETF from Franklin Templeton Investments (US). Over the past year SCHD returned +27.20% while USPX returned +15.82%. Year to date, SCHD is up 23.46% versus a gain of 11.83% for USPX.
Over three years, SCHD compounded at +15.41% per year against +21.26% for USPX; over five years the annualized figures are +10.16% and +12.66% respectively. Across the full 10-year window we track, SCHD has the edge at +11.28% annualized vs +10.72%.
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 14.0% for USPX. 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 -31.2% for USPX. 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 USPX charges 0.03%. On a $10,000 position that is $6 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 1.06% for USPX.
Holdings Overlap
93.2% of SCHD's money is in holdings USPX also owns. 7.9% of USPX's money is in holdings SCHD also owns.
Most of SCHD is already inside USPX. Owning both mostly buys the same companies twice.
43 positions in common, counted across the 100 positions we hold weights for in SCHD and 469 in USPX, against full books of 103 and 487.
What only one of them owns
Our book lists 400 positions for USPX that do not appear in our book for SCHD (90.7% of the fund), and 56 for SCHD that do not appear in USPX (6.7%).
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 USPX | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 0.54% | 4.23% |
| AMGNAmgen Inc. | 4.70% | 0.35% | 4.35% |
| ABTAbbott Laboratories | 4.69% | 0.29% | 4.40% |
| KOCoca Cola Co. | 4.17% | 0.52% | 3.65% |
| CVXChevron Corp | 4.02% | 0.58% | 3.44% |
| HDHome Depot Inc/The | 3.88% | 0.50% | 3.38% |
| UNHUnitedhealth Group Incorporated | 3.82% | 0.53% | 3.29% |
| PGProcter & Gamble Company | 3.83% | 0.51% | 3.32% |
| VZVerizon Communic | 3.97% | 0.32% | 3.65% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 0.24% | 3.70% |
93.2% of SCHD is already inside USPX.
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 USPX?
SCHD has an expense ratio of 0.06% while USPX charges 0.03%. USPX is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, SCHD or USPX?
Over the past year SCHD returned +27.20% vs +15.82% for USPX, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), SCHD annualized +11.28% vs +10.72% for USPX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or USPX?
SCHD has been the more volatile fund at 15.1% annualized versus 14.0% for USPX. Worst drawdown: SCHD -33.4% vs USPX -31.2%.
Should I hold both SCHD and USPX?
SCHD and USPX 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 USPX?
93.2% of SCHD's money is in holdings USPX also owns. 7.9% of USPX's is in holdings SCHD also owns. They hold 43 positions in common, counted across the 100 positions we hold weights for in SCHD and 469 in USPX.
Which pays a higher dividend, SCHD or USPX?
SCHD yields 3.00% while USPX yields 1.06%, so SCHD currently pays the higher dividend yield.
Is USPX better than SCHD?
USPX has a lower expense ratio. SCHD led over 1Y and the full window, USPX over 3Y and 5Y. USPX is less concentrated, with 37.6% 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.