SCHD vs VIOV
Schwab US Dividend Equity ETF vs Vanguard S&P Small Cap 600 Value ETF
Which is better, SCHD or VIOV?
Large Cap Value against Small Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. VIOV is less concentrated, with 8.3% 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 | VIOV |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.10% |
| AUM | $112.1B | $2.0B |
| Dividend Yield | 3.00% | 1.67% |
| Holdings | 103 | 468 |
| YTD Return | +24.59%Best | +17.66% |
| 1Y Return | +28.14%Best | +24.05% |
| 3Y Return (annualized) | +15.58%Best | +15.34% |
| 5Y Return (annualized) | +9.90%Best | +8.18% |
| Volatility (annualized) | 13.6%Best | 19.8% |
| Max Drawdown | -33.4%Best | -48.9% |
| $10,000 over 5 years | $16,032Best | $14,816 |
| Top 10 Weight | 41.8% | 8.3%Best |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Small Cap Value |
| Inception | Oct 20, 2011 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 10, 2026 (14.9 years).
SCHD vs VIOV 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 VIOV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Vanguard S&P Small Cap 600 Value ETF (VIOV) is an ETF from Vanguard (US). Over the past year SCHD returned +28.14% while VIOV returned +24.05%. Year to date, SCHD is up 24.59% versus a gain of 17.66% for VIOV.
Over three years, SCHD compounded at +15.58% per year against +15.34% for VIOV; over five years the annualized figures are +9.90% and +8.18% respectively. Across the full 15-year window we track, SCHD has the edge at +11.34% annualized vs +10.99%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VIOV has been the more volatile fund, with annualized monthly volatility of 19.8% 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 -48.9% for VIOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while VIOV 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 3.00% against 1.67% for VIOV.
Holdings Overlap
1.2% of SCHD's money is in holdings VIOV also owns. 4.0% of VIOV's money is in holdings SCHD also owns.
VIOV and SCHD share little of their money.
The two holdings books were reported 62 days apart, SCHD as of Aug 31, 2026 and VIOV as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
23 positions in common, counted across the 100 positions we hold weights for in SCHD and 461 in VIOV, against full books of 103 and 468.
What only one of them owns
Our book lists 429 positions for VIOV that do not appear in our book for SCHD (92.5% of the fund), and 77 for SCHD that do not appear in VIOV (98.8%).
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 VIOV | Difference |
|---|---|---|---|
| CVBFCvb Financial Corp | 0.09% | 0.41% | 0.32% |
| KFYKorn Ferry | 0.11% | 0.37% | 0.26% |
| RHIRobert Half International Inc. | 0.11% | 0.33% | 0.22% |
| MCMoelis & Co | 0.12% | 0.22% | 0.10% |
| WUWestern Union Co. | 0.05% | 0.26% | 0.21% |
| BANRBanner Corp | 0.06% | 0.24% | 0.18% |
| IBCPIndependent Bank Corp | 0.02% | 0.25% | 0.23% |
| NBHCNational Bank Holdings Corp | 0.05% | 0.21% | 0.16% |
| STBAS&T Bancorp Inc | 0.04% | 0.19% | 0.15% |
| FLOFlowers Foods Inc | 0.04% | 0.18% | 0.14% |
You are not choosing between two funds in isolation.
Whichever of SCHD and VIOV 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 VIOV?
SCHD has an expense ratio of 0.06% while VIOV charges 0.10%. SCHD is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, SCHD or VIOV?
Over the past year SCHD returned +28.14% vs +24.05% for VIOV, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.34% vs +10.99% for VIOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or VIOV?
VIOV has been the more volatile fund at 19.8% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs VIOV -48.9%.
Should I hold both SCHD and VIOV?
SCHD and VIOV have a monthly-return correlation of 0.82, 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 VIOV?
4.0% of VIOV's money is in holdings SCHD also owns. 4.0% of VIOV's is in holdings SCHD also owns. They hold 23 positions in common, counted across the 100 positions we hold weights for in SCHD and 461 in VIOV.
Which pays a higher dividend, SCHD or VIOV?
SCHD yields 3.00% while VIOV yields 1.67%, so SCHD currently pays the higher dividend yield.
Is VIOV better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. VIOV is less concentrated, with 8.3% 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.