SCHD vs VPV
Schwab US Dividend Equity ETF vs Invesco Pennsylvania Value Municipal Income Trust
Which is better, SCHD or VPV?
Large Cap Value against Municipal Pennsylvania.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window.
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 | VPV |
|---|---|---|
| Expense Ratio | 0.06%Best | 1.71% |
| AUM | $112.1B | $3,177.19 |
| Dividend Yield | 3.00% | 7.70% |
| Holdings | 103 | 141 |
| YTD Return | +25.07%Best | +9.58% |
| 1Y Return | +27.61%Best | +14.71% |
| 3Y Return (annualized) | +15.74%Best | +12.48% |
| 5Y Return (annualized) | +9.89%Best | +1.72% |
| Volatility (annualized) | 13.6% | 12.4%Best |
| Max Drawdown | -33.4%Best | -43.8% |
| $10,000 over 5 years | $16,025Best | $10,890 |
| Fund Family | Charles Schwab Asset Management | Invesco (US) |
| Category | Equity | Tax Preferred |
| Style | Large Cap Value | Municipal Pennsylvania |
| Inception | Oct 20, 2011 | Apr 30, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 11, 2026 (14.9 years).
SCHD vs VPV 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 VPV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Invesco Pennsylvania Value Municipal Income Trust (VPV) is an ETF from Invesco (US). Over the past year SCHD returned +27.61% while VPV returned +14.71%. Year to date, SCHD is up 25.07% versus a gain of 9.58% for VPV.
Over three years, SCHD compounded at +15.74% per year against +12.48% for VPV; over five years the annualized figures are +9.89% and +1.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.36% annualized vs +0.81%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.4% for VPV. 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 -43.8% for VPV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while VPV charges 1.71%. On a $10,000 position that is $6 vs $171 annually, a gap of $165 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 7.70% for VPV.
You are not choosing between two funds in isolation.
Whichever of SCHD and VPV 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 VPV?
SCHD has an expense ratio of 0.06% while VPV charges 1.71%. SCHD is the cheaper option, by $165 a year on a $10,000 investment.
Which performed better, SCHD or VPV?
Over the past year SCHD returned +27.61% vs +14.71% for VPV, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.36% vs +0.81% for VPV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or VPV?
SCHD has been the more volatile fund at 13.6% annualized versus 12.4% for VPV. Worst drawdown: SCHD -33.4% vs VPV -43.8%.
Should I hold both SCHD and VPV?
SCHD and VPV have a monthly-return correlation of 0.31, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SCHD or VPV?
SCHD yields 3.00% while VPV yields 7.70%, so VPV currently pays the higher dividend yield.
Is VPV better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.