SCHD vs VLLU
Schwab US Dividend Equity ETF vs Harbor AlphaEdge Large Cap Value ETF
Which is better, SCHD or VLLU?
Each has led over a different period.
SCHD has a lower expense ratio. SCHD led over 1Y, VLLU over the full window. VLLU is less concentrated, with 37.4% 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 | VLLU |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.25% |
| AUM | $112.1B | $5M |
| Dividend Yield | 3.00% | 1.35% |
| Holdings | 103 | 75 |
| Volatility (annualized) | 13.8% | 10.7%Best |
| Max Drawdown | -16.1%Best | -16.6% |
| $10,000 over 2 years | $13,668 | $13,865Best |
| Top 10 Weight | 41.8% | 37.4%Best |
| Fund Family | Charles Schwab Asset Management | Harbor Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 20, 2011 | Sep 3, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 28 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SCHD has data through Sep 25, 2026 and VLLU through Aug 28, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 5, 2024 to Aug 28, 2026 (2 years).
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 10.7% for VLLU. 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 -16.1% for SCHD and -16.6% for VLLU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while VLLU charges 0.25%. On a $10,000 position that is $6 vs $25 annually, a gap of $19 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 1.35% for VLLU.
Holdings Overlap
36.5% of SCHD's money is in holdings VLLU also owns. 11.9% of VLLU's money is in holdings SCHD also owns.
The two portfolios partly overlap.
The two holdings books were reported 62 days apart, SCHD as of Aug 31, 2026 and VLLU as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
14 positions in common, counted across the 100 positions we hold weights for in SCHD and 74 in VLLU, against full books of 103 and 75.
What only one of them owns
Our book lists 56 positions for VLLU that do not appear in our book for SCHD (85.6% of the fund), and 85 for SCHD that do not appear in VLLU (63.5%).
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 VLLU | Difference |
|---|---|---|---|
| MOAltria Group Inc | 2.79% | 2.63% | 0.16% |
| MRKMerck & Company Inc | 4.77% | 0.51% | 4.26% |
| VZVerizon Communic | 3.97% | 1.23% | 2.74% |
| BMYBristol-Myers Squibb Co. | 3.33% | 1.87% | 1.46% |
| CVXChevron Corp | 4.02% | 0.96% | 3.06% |
| KOCoca Cola Co. | 4.17% | 0.50% | 3.67% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 0.57% | 3.37% |
| PGProcter & Gamble Company | 3.83% | 0.50% | 3.33% |
| EOGEog Resources Inc | 1.88% | 0.55% | 1.33% |
| TGTTarget Corp Common Stock Usd.0833 | 1.78% | 0.49% | 1.29% |
36.5% of SCHD is already inside VLLU.
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 VLLU?
SCHD has an expense ratio of 0.06% while VLLU charges 0.25%. SCHD is the cheaper option, by $19 a year on a $10,000 investment.
Which is riskier, SCHD or VLLU?
SCHD has been the more volatile fund at 13.8% annualized versus 10.7% for VLLU. Worst drawdown: SCHD -16.1% vs VLLU -16.6%.
Should I hold both SCHD and VLLU?
SCHD and VLLU have a monthly-return correlation of 0.65, 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 VLLU?
36.5% of SCHD's money is in holdings VLLU also owns. 11.9% of VLLU's is in holdings SCHD also owns. They hold 14 positions in common, counted across the 100 positions we hold weights for in SCHD and 74 in VLLU.
Which pays a higher dividend, SCHD or VLLU?
SCHD yields 3.00% while VLLU yields 1.35%, so SCHD currently pays the higher dividend yield.
Is VLLU better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, VLLU over the full window. VLLU is less concentrated, with 37.4% 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.