SCHD vs WAR
Schwab US Dividend Equity ETF vs US Global Technology And Aerospace & Defense ETF
Which is better, SCHD or WAR?
Large Cap Value against Large Cap Growth.
SCHD has a lower expense ratio. WAR led over 1Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 61.0%.
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 | WAR |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.60% |
| AUM | $112.2B | $43M |
| Dividend Yield | 3.13% | 10.22% |
| Holdings | 103 | 31 |
| YTD Return | +27.56% | +31.28%Best |
| 1Y Return | +30.29% | +47.76%Best |
| 3Y Return (annualized) | +16.37% | - |
| 5Y Return (annualized) | +10.23% | - |
| Volatility (annualized) | 12.8%Best | 31.0% |
| Max Drawdown | -14.0%Best | -25.0% |
| $10,000 over 1.7 years | $13,553 | $17,600Best |
| Top 10 Weight | 41.5%Best | 61.0% |
| Fund Family | Charles Schwab Asset Management | U.S. Global Investors, Inc. |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Oct 20, 2011 | Dec 30, 2024 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Dec 30, 2024 to Sep 4, 2026 (1.7 years).
SCHD vs WAR 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 1.7 years both funds cover.
SCHD vs WAR Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and US Global Technology And Aerospace & Defense ETF (WAR) is an ETF from U.S. Global Investors, Inc.. Over the past year SCHD returned +30.29% while WAR returned +47.76%. Year to date, SCHD is up 27.56% versus a gain of 31.28% for WAR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WAR has been the more volatile fund, with annualized monthly volatility of 31.0% compared with 12.8% 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 -14.0% for SCHD and -25.0% for WAR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.07. They move largely independently of each other.
Fees and Cost Over Time
SCHD charges 0.06% per year while WAR charges 0.60%. On a $10,000 position that is $6 vs $60 annually, a gap of $54 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 10.22% for WAR.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 29 in WAR, totalling 100.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in SCHD and 29 in WAR, against full books of 103 and 31.
What only one of them owns
Our book lists 22 positions for WAR that do not appear in our book for SCHD (69.3% of the fund), and 99 for SCHD that do not appear in WAR (99.9%).
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.
You are not choosing between two funds in isolation.
Whichever of SCHD and WAR 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 WAR?
SCHD has an expense ratio of 0.06% while WAR charges 0.60%. SCHD is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, SCHD or WAR?
Over the past year SCHD returned +30.29% vs +47.76% for WAR, so WAR leads on 1-year performance. Over the longest common window we track (2 years), SCHD annualized +19.58% vs +39.45% for WAR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or WAR?
WAR has been the more volatile fund at 31.0% annualized versus 12.8% for SCHD. Worst drawdown: SCHD -14.0% vs WAR -25.0%.
Should I hold both SCHD and WAR?
SCHD and WAR have a monthly-return correlation of 0.07, 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 WAR?
SCHD yields 3.13% while WAR yields 10.22%, so WAR currently pays the higher dividend yield.
Is WAR better than SCHD?
SCHD has a lower expense ratio. WAR led over 1Y and the full window. SCHD is less concentrated, with 41.5% of the fund in its ten largest positions against 61.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.