SCHD vs WAMA
Schwab US Dividend Equity ETF vs WisdomTree US Adaptive Moving Average Fund ETF
Which is better, SCHD or WAMA?
Large Cap Value against Allocation/Balanced.
SCHD has a lower expense ratio. WAMA is less concentrated, with 40.3% 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 | WAMA |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.32% |
| AUM | $112.1B | $190M |
| Dividend Yield | 3.00% | 0.41% |
| Holdings | 103 | 2 |
| YTD Return | +24.04%Best | +8.20% |
| 1Y Return | +27.95% | - |
| 3Y Return (annualized) | +15.51% | - |
| 5Y Return (annualized) | +9.80% | - |
| Top 10 Weight | 41.8% | 40.3%Best |
| Fund Family | Charles Schwab Asset Management | WisdomTree Investments |
| Category | Equity | Allocation/Balanced |
| Style | Large Cap Value | Allocation/Balanced |
| Inception | Oct 20, 2011 | Mar 12, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SCHD vs WAMA 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SCHD vs WAMA Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and WisdomTree US Adaptive Moving Average Fund ETF (WAMA) is an ETF from WisdomTree Investments. Year to date, SCHD is up 24.04% versus a gain of 8.20% for WAMA.
Past performance does not guarantee future results.
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 3.00% against 0.41% for WAMA.
Holdings Overlap
87.7% of SCHD's money is in holdings WAMA also owns. 7.1% of WAMA's money is in holdings SCHD also owns.
Most of SCHD is already inside WAMA. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 100 positions we hold weights for in SCHD and 504 in WAMA, against full books of 103 and 2.
What only one of them owns
Our book lists 435 positions for WAMA that do not appear in our book for SCHD (90.0% of the fund), and 57 for SCHD that do not appear in WAMA (12.2%).
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 WAMA | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 4.77% | 0.54% | 4.23% |
| AMGNAmgen Inc. | 4.70% | 0.34% | 4.36% |
| ABTAbbott Laboratories | 4.69% | 0.28% | 4.41% |
| KOCoca Cola Co. | 4.17% | 0.55% | 3.62% |
| CVXChevron Corp | 4.02% | 0.65% | 3.37% |
| UNHUnitedhealth Group Incorporated | 3.82% | 0.51% | 3.31% |
| HDHome Depot Inc/The | 3.88% | 0.44% | 3.44% |
| VZVerizon Communic | 3.97% | 0.30% | 3.67% |
| COPConocophillips Common Stock USD 0.01 | 3.94% | 0.25% | 3.69% |
| PEPPepsico Inc. | 3.64% | 0.28% | 3.36% |
87.7% of SCHD is already inside WAMA.
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 WAMA?
SCHD has an expense ratio of 0.06% while WAMA charges 0.32%. SCHD is the cheaper option, by $26 a year on a $10,000 investment.
What is the holdings overlap between SCHD and WAMA?
87.7% of SCHD's money is in holdings WAMA also owns. 7.1% of WAMA's is in holdings SCHD also owns. They hold 42 positions in common, counted across the 100 positions we hold weights for in SCHD and 504 in WAMA.
Which pays a higher dividend, SCHD or WAMA?
SCHD yields 3.00% while WAMA yields 0.41%, so SCHD currently pays the higher dividend yield.
Is WAMA better than SCHD?
SCHD has a lower expense ratio. WAMA is less concentrated, with 40.3% 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.