SCHD vs VVR
Schwab US Dividend Equity ETF vs Invesco Senior Income Trust
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. VVR offers more diversification with 138 holdings.
Side-by-Side Comparison
| Metric | SCHD | VVR | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 5.26% | |
| AUM | $103.7B | $1,117.8 | |
| Dividend Yield | 3.31% | 13.04% | |
| Holdings | 104 | 525 | |
| YTD Return | +25.33% | -0.98% | |
| 1Y Return | +32.31% | -6.51% | |
| 3Y Return (annualized) | +15.40% | +3.49% | |
| 5Y Return (annualized) | +9.70% | +4.64% | |
| Volatility (annualized) | 13.6% | 14.9% | |
| Max Drawdown | -33.4% | -81.8% | |
| Fund Family | Charles Schwab Asset Management | Invesco (US) | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Jun 24, 1998 |
SCHD vs VVR Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Invesco Senior Income Trust (VVR) is a ETF from Invesco (US). Over the past year SCHD returned +32.31% while VVR returned -6.51%. Year to date, SCHD is up 25.33% versus a loss of 0.98% for VVR.
Over three years, SCHD compounded at +15.40% per year against +3.49% for VVR; over five years the annualized figures are +9.70% and +4.64% respectively. Across the full 15-year window we track, SCHD has the edge at +11.45% annualized vs -2.10%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VVR has been the more volatile fund, with annualized monthly volatility of 14.9% 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 -81.8% for VVR. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while VVR charges 5.26%. On a $10,000 position that is $6 vs $526 annually, a gap of $520 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 13.04% for VVR.
Holdings Overlap
SCHD and VVR share 0 holdings out of 238 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 VVR?
SCHD has an expense ratio of 0.06% while VVR charges 5.26%. SCHD is the cheaper option. On a $10,000 investment, that is $520 per year of difference.
Which performed better, SCHD or VVR?
Over the past year SCHD returned +32.31% vs -6.51% for VVR, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.45% vs -2.10% for VVR. Past performance does not guarantee future results.
Which is riskier, SCHD or VVR?
VVR has been the more volatile fund at 14.9% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs VVR -81.8%.
Should I hold both SCHD and VVR?
SCHD and VVR have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and VVR?
SCHD and VVR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 238 unique securities.
Which pays a higher dividend, SCHD or VVR?
SCHD yields 3.31% while VVR yields 13.04%, so VVR currently pays the higher dividend yield.
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