SCHD vs WAMA
Schwab US Dividend Equity ETF vs WisdomTree US Adaptive Moving Average Fund ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | SCHD | WAMA | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.32% | |
| AUM | $108.7B | $197M | |
| Dividend Yield | 3.13% | 0.42% | |
| Holdings | 104 | 2 | |
| YTD Return | +28.70% | +9.66% | |
| 1Y Return | +31.07% | - | |
| 3Y Return (annualized) | +16.88% | - | |
| 5Y Return (annualized) | +10.20% | - | |
| Volatility (annualized) | 13.7% | - | |
| Max Drawdown | -33.4% | -5.7% | |
| Fund Family | Charles Schwab Asset Management | WisdomTree Investments | |
| Category | Equity | Allocation/Balanced | |
| Inception | Oct 20, 2011 | Mar 12, 2026 |
SCHD vs WAMA Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and WisdomTree US Adaptive Moving Average Fund ETF (WAMA) is a ETF from WisdomTree Investments. Year to date, SCHD is up 28.70% versus a gain of 9.66% for WAMA.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -33.4% for SCHD and -5.7% for WAMA. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SCHD charges 0.06% per year while WAMA charges 0.32%. On a $10,000 position that is $6 vs $32 annually, a gap of $26 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 0.42% for WAMA.
Holdings Overlap
SCHD and WAMA share 40 holdings out of 546 unique holdings combined, representing a 6.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or WAMA?
SCHD has an expense ratio of 0.06% while WAMA charges 0.32%. SCHD is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
What is the holdings overlap between SCHD and WAMA?
SCHD and WAMA share 40 common holdings with a 6.8% weight overlap. Combined, they hold 546 unique securities.
Which pays a higher dividend, SCHD or WAMA?
SCHD yields 3.13% while WAMA yields 0.42%, so SCHD currently pays the higher dividend yield.
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