SCHD vs VIOG
Schwab US Dividend Equity ETF vs Vanguard S&P Small Cap 600 Growth ETF
Quick Verdict
SCHD has a lower expense ratio. VIOG delivered stronger 1-year returns. VIOG offers more diversification with 349 holdings.
Side-by-Side Comparison
| Metric | SCHD | VIOG | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.10% | |
| AUM | $103.7B | $1.1B | |
| Dividend Yield | 3.31% | 1.20% | |
| Holdings | 104 | 347 | |
| YTD Return | +25.33% | +23.83% | |
| 1Y Return | +32.31% | +32.64% | |
| 3Y Return (annualized) | +15.40% | +15.78% | |
| 5Y Return (annualized) | +9.70% | +6.73% | |
| Volatility (annualized) | 13.6% | 18.4% | |
| Max Drawdown | -33.4% | -42.8% | |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 7, 2010 |
SCHD vs VIOG Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Vanguard S&P Small Cap 600 Growth ETF (VIOG) is a ETF from Vanguard (US). Over the past year SCHD returned +32.31% while VIOG returned +32.64%. Year to date, SCHD is up 25.33% versus a gain of 23.83% for VIOG.
Over three years, SCHD compounded at +15.40% per year against +15.78% for VIOG; over five years the annualized figures are +9.70% and +6.73% respectively. Across the full 15-year window we track, VIOG has the edge at +12.37% annualized vs +11.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIOG has been the more volatile fund, with annualized monthly volatility of 18.4% 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 -42.8% for VIOG. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while VIOG charges 0.10%. On a $10,000 position that is $6 vs $10 annually, a gap of $4 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.20% for VIOG.
Holdings Overlap
SCHD and VIOG share 11 holdings out of 438 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or VIOG?
SCHD has an expense ratio of 0.06% while VIOG charges 0.10%. SCHD is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, SCHD or VIOG?
Over the past year SCHD returned +32.31% vs +32.64% for VIOG, so VIOG leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.45% vs +12.37% for VIOG. Past performance does not guarantee future results.
Which is riskier, SCHD or VIOG?
VIOG has been the more volatile fund at 18.4% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs VIOG -42.8%.
Should I hold both SCHD and VIOG?
SCHD and VIOG have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and VIOG?
SCHD and VIOG share 11 common holdings with a 0.7% weight overlap. Combined, they hold 438 unique securities.
Which pays a higher dividend, SCHD or VIOG?
SCHD yields 3.31% while VIOG yields 1.20%, so SCHD currently pays the higher dividend yield.
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