SCHD vs VIOO
Schwab US Dividend Equity ETF vs Vanguard S&P Small-Cap 600 ETF
Quick Verdict
SCHD has a lower expense ratio. VIOO delivered stronger 1-year returns. VIOO offers more diversification with 604 holdings.
Side-by-Side Comparison
| Metric | SCHD | VIOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.07% | |
| AUM | $103.7B | $4.2B | |
| Dividend Yield | 3.31% | 1.62% | |
| Holdings | 104 | 608 | |
| YTD Return | +25.62% | +22.74% | |
| 1Y Return | +32.62% | +35.69% | |
| 3Y Return (annualized) | +15.58% | +15.36% | |
| 5Y Return (annualized) | +9.63% | +7.43% | |
| Volatility (annualized) | 13.6% | 18.9% | |
| Max Drawdown | -33.4% | -44.1% | |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Sep 7, 2010 |
SCHD vs VIOO Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Vanguard S&P Small-Cap 600 ETF (VIOO) is a ETF from Vanguard (US). Over the past year SCHD returned +32.62% while VIOO returned +35.69%. Year to date, SCHD is up 25.62% versus a gain of 22.74% for VIOO.
Over three years, SCHD compounded at +15.58% per year against +15.36% for VIOO; over five years the annualized figures are +9.63% and +7.43% respectively. Across the full 15-year window we track, VIOO has the edge at +12.57% annualized vs +11.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIOO has been the more volatile fund, with annualized monthly volatility of 18.9% 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 -44.1% for VIOO. 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 VIOO charges 0.07%. On a $10,000 position that is $6 vs $7 annually, a gap of $1 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 1.62% for VIOO.
Holdings Overlap
SCHD and VIOO share 25 holdings out of 679 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or VIOO?
SCHD has an expense ratio of 0.06% while VIOO charges 0.07%. SCHD is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SCHD or VIOO?
Over the past year SCHD returned +32.62% vs +35.69% for VIOO, so VIOO leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.47% vs +12.57% for VIOO. Past performance does not guarantee future results.
Which is riskier, SCHD or VIOO?
VIOO has been the more volatile fund at 18.9% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs VIOO -44.1%.
Should I hold both SCHD and VIOO?
SCHD and VIOO 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 VIOO?
SCHD and VIOO share 25 common holdings with a 1.4% weight overlap. Combined, they hold 679 unique securities.
Which pays a higher dividend, SCHD or VIOO?
SCHD yields 3.31% while VIOO yields 1.62%, so SCHD currently pays the higher dividend yield.
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