SCHD vs WBIY
Schwab US Dividend Equity ETF vs WBI Power Factor High Dividend ETF
Quick Verdict
SCHD has a lower expense ratio. WBIY delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | WBIY | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.97% | |
| AUM | $103.7B | $64M | |
| Dividend Yield | 3.31% | 4.27% | |
| Holdings | 104 | 51 | |
| YTD Return | +26.21% | +22.74% | |
| 1Y Return | +29.99% | +30.09% | |
| 3Y Return (annualized) | +15.73% | +17.90% | |
| 5Y Return (annualized) | +9.67% | +11.98% | |
| Volatility (annualized) | 13.6% | 21.7% | |
| Max Drawdown | -33.4% | -52.1% | |
| Fund Family | Charles Schwab Asset Management | WBI Investments | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Dec 19, 2016 |
SCHD vs WBIY Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and WBI Power Factor High Dividend ETF (WBIY) is a ETF from WBI Investments. Over the past year SCHD returned +29.99% while WBIY returned +30.09%. Year to date, SCHD is up 26.21% versus a gain of 22.74% for WBIY.
Over three years, SCHD compounded at +15.73% per year against +17.90% for WBIY; over five years the annualized figures are +9.67% and +11.98% respectively. Across the full 10-year window we track, SCHD has the edge at +11.50% annualized vs +7.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WBIY has been the more volatile fund, with annualized monthly volatility of 21.7% 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 -52.1% for WBIY. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while WBIY charges 0.97%. On a $10,000 position that is $6 vs $97 annually, a gap of $91 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 4.27% for WBIY.
Holdings Overlap
SCHD and WBIY share 17 holdings out of 133 unique holdings combined, representing a 19.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or WBIY?
SCHD has an expense ratio of 0.06% while WBIY charges 0.97%. SCHD is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, SCHD or WBIY?
Over the past year SCHD returned +29.99% vs +30.09% for WBIY, so WBIY leads on 1-year performance. Over the longest common window we track (10 years), SCHD annualized +11.50% vs +7.45% for WBIY. Past performance does not guarantee future results.
Which is riskier, SCHD or WBIY?
WBIY has been the more volatile fund at 21.7% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs WBIY -52.1%.
Should I hold both SCHD and WBIY?
SCHD and WBIY have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and WBIY?
SCHD and WBIY share 17 common holdings with a 19.4% weight overlap. Combined, they hold 133 unique securities.
Which pays a higher dividend, SCHD or WBIY?
SCHD yields 3.31% while WBIY yields 4.27%, so WBIY currently pays the higher dividend yield.
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