SCHD vs VOOV
Schwab US Dividend Equity ETF vs Vanguard S&P 500 Value ETF
Which is better, SCHD or VOOV?
Each has led over a different period.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window, VOOV over 5Y. The two have moved almost in lockstep, correlation 0.93. VOOV is less concentrated, with 23.6% 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 | VOOV |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.07% |
| AUM | $112.1B | $6.8B |
| Dividend Yield | 3.00% | 1.66% |
| Holdings | 103 | 444 |
| YTD Return | +25.88%Best | +11.30% |
| 1Y Return | +30.22%Best | +17.26% |
| 3Y Return (annualized) | +16.05%Best | +15.59% |
| 5Y Return (annualized) | +10.17% | +11.85%Best |
| Volatility (annualized) | 13.6%Best | 13.9% |
| Max Drawdown | -33.4%Best | -37.7% |
| $10,000 over 5 years | $16,230 | $17,506Best |
| Top 10 Weight | 41.8% | 23.6%Best |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large 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 14, 2026 (14.9 years).
SCHD vs VOOV 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 VOOV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Vanguard S&P 500 Value ETF (VOOV) is an ETF from Vanguard (US). Over the past year SCHD returned +30.22% while VOOV returned +17.26%. Year to date, SCHD is up 25.88% versus a gain of 11.30% for VOOV.
Over three years, SCHD compounded at +16.05% per year against +15.59% for VOOV; over five years the annualized figures are +10.17% and +11.85% respectively. Across the full 15-year window we track, SCHD has the edge at +11.41% annualized vs +11.03%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOOV has been the more volatile fund, with annualized monthly volatility of 13.9% 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 -37.7% for VOOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHD charges 0.06% per year while VOOV 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 3.00% against 1.66% for VOOV.
Holdings Overlap
91.3% of SCHD's money is in holdings VOOV also owns. 15.9% of VOOV's money is in holdings SCHD also owns.
Most of SCHD is already inside VOOV. Owning both mostly buys the same companies twice.
44 positions in common, counted across the 100 positions we hold weights for in SCHD and 431 in VOOV, against full books of 103 and 444.
What only one of them owns
Our book lists 383 positions for VOOV that do not appear in our book for SCHD (82.6% of the fund), and 55 for SCHD that do not appear in VOOV (8.6%).
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 VOOV | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 1.09% | 3.68% |
| ABTAbbott Laboratories | 4.69% | 0.62% | 4.07% |
| CVXChevron Corp | 4.02% | 1.25% | 2.77% |
| UNHUnitedhealth Group Incorporated | 3.82% | 1.27% | 2.55% |
| HDHome Depot Inc/The | 3.88% | 1.12% | 2.76% |
| PGProcter & Gamble Company | 3.83% | 1.14% | 2.69% |
| AMGNAmgen Inc. | 4.70% | 0.23% | 4.47% |
| KOCoca Cola Co. | 4.17% | 0.67% | 3.50% |
| VZVerizon Communic | 3.97% | 0.66% | 3.31% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 0.50% | 3.44% |
91.3% of SCHD is already inside VOOV.
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 VOOV?
SCHD has an expense ratio of 0.06% while VOOV charges 0.07%. SCHD is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SCHD or VOOV?
Over the past year SCHD returned +30.22% vs +17.26% for VOOV, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.41% vs +11.03% for VOOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or VOOV?
VOOV has been the more volatile fund at 13.9% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs VOOV -37.7%.
Should I hold both SCHD and VOOV?
SCHD and VOOV have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SCHD and VOOV?
91.3% of SCHD's money is in holdings VOOV also owns. 15.9% of VOOV's is in holdings SCHD also owns. They hold 44 positions in common, counted across the 100 positions we hold weights for in SCHD and 431 in VOOV.
Which pays a higher dividend, SCHD or VOOV?
SCHD yields 3.00% while VOOV yields 1.66%, so SCHD currently pays the higher dividend yield.
Is VOOV better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y and the full window, VOOV over 5Y. The two have moved almost in lockstep, correlation 0.93. VOOV is less concentrated, with 23.6% 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.