SCHD vs VTN
Schwab US Dividend Equity ETF vs Invesco Trust for Investment Grade New York Municipals
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | VTN | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 1.79% | |
| AUM | $103.7B | $3,218.67 | |
| Dividend Yield | 3.31% | 7.48% | |
| Holdings | 104 | 183 | |
| YTD Return | +25.62% | +2.30% | |
| 1Y Return | +32.62% | +16.04% | |
| 3Y Return (annualized) | +15.58% | +11.36% | |
| 5Y Return (annualized) | +9.63% | +1.53% | |
| Volatility (annualized) | 13.6% | 13.8% | |
| Max Drawdown | -33.4% | -100.0% | |
| Fund Family | Charles Schwab Asset Management | Invesco (US) | |
| Category | Equity | Tax Preferred | |
| Inception | Oct 20, 2011 | Mar 27, 1992 |
SCHD vs VTN Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Invesco Trust for Investment Grade New York Municipals (VTN) is a ETF from Invesco (US). Over the past year SCHD returned +32.62% while VTN returned +16.04%. Year to date, SCHD is up 25.62% versus a gain of 2.30% for VTN.
Over three years, SCHD compounded at +15.58% per year against +11.36% for VTN; over five years the annualized figures are +9.63% and +1.53% respectively. Across the full 15-year window we track, SCHD has the edge at +11.47% annualized vs +0.17%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTN has been the more volatile fund, with annualized monthly volatility of 13.8% 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 -100.0% for VTN. 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while VTN charges 1.79%. On a $10,000 position that is $6 vs $179 annually, a gap of $173 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 7.48% for VTN.
Holdings Overlap
SCHD and VTN share 0 holdings out of 174 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or VTN?
SCHD has an expense ratio of 0.06% while VTN charges 1.79%. SCHD is the cheaper option. On a $10,000 investment, that is $173 per year of difference.
Which performed better, SCHD or VTN?
Over the past year SCHD returned +32.62% vs +16.04% for VTN, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.47% vs +0.17% for VTN. Past performance does not guarantee future results.
Which is riskier, SCHD or VTN?
VTN has been the more volatile fund at 13.8% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs VTN -100.0%.
Should I hold both SCHD and VTN?
SCHD and VTN have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and VTN?
SCHD and VTN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 174 unique securities.
Which pays a higher dividend, SCHD or VTN?
SCHD yields 3.31% while VTN yields 7.48%, so VTN currently pays the higher dividend yield.
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