SCHD vs WCAP
Schwab US Dividend Equity ETF vs WarCap Unconstrained Equity ETF
Which is better, SCHD or WCAP?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 45.1%.
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 | WCAP |
|---|---|---|
| Expense Ratio | 0.06%Best | 1.00% |
| AUM | $112.1B | $61M |
| Dividend Yield | 3.00% | 0.04% |
| Holdings | 103 | 31 |
| YTD Return | +23.46%Best | -5.64% |
| 1Y Return | +27.20%Best | -9.22% |
| 3Y Return (annualized) | +15.41% | - |
| 5Y Return (annualized) | +10.16% | - |
| Volatility (annualized) | 13.8% | 12.6%Best |
| Max Drawdown | -4.6%Best | -15.9% |
| $10,000 over 1 years | $12,544Best | $9,194 |
| Top 10 Weight | 41.8%Best | 45.1% |
| Fund Family | Charles Schwab Asset Management | Warren Capital Group |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Sep 11, 2025 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Sep 11, 2025 to Sep 18, 2026 (1 years).
SCHD vs WCAP 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 years both funds cover.
SCHD vs WCAP Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and WarCap Unconstrained Equity ETF (WCAP) is an ETF from Warren Capital Group. Over the past year SCHD returned +27.20% while WCAP returned -9.22%. Year to date, SCHD is up 23.46% versus a loss of 5.64% for WCAP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.8% compared with 12.6% for WCAP. 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 -4.6% for SCHD and -15.9% for WCAP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.17. They move largely independently of each other.
Fees and Cost Over Time
SCHD charges 0.06% per year while WCAP charges 1.00%. On a $10,000 position that is $6 vs $100 annually, a gap of $94 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 0.04% for WCAP.
Holdings Overlap
7.0% of SCHD's money is in holdings WCAP also owns. 5.1% of WCAP's money is in holdings SCHD also owns.
SCHD and WCAP share little of their money.
The two holdings books were reported 123 days apart, SCHD as of Aug 31, 2026 and WCAP as of Apr 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 100 positions we hold weights for in SCHD and 30 in WCAP, against full books of 103 and 31.
What only one of them owns
Our book lists 21 positions for WCAP that do not appear in our book for SCHD (71.0% of the fund), and 97 for SCHD that do not appear in WCAP (93.0%).
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 WCAP 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 WCAP?
SCHD has an expense ratio of 0.06% while WCAP charges 1.00%. SCHD is the cheaper option, by $94 a year on a $10,000 investment.
Which performed better, SCHD or WCAP?
Over the past year SCHD returned +27.20% vs -9.22% for WCAP, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +25.44% vs -8.06% for WCAP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or WCAP?
SCHD has been the more volatile fund at 13.8% annualized versus 12.6% for WCAP. Worst drawdown: SCHD -4.6% vs WCAP -15.9%.
Should I hold both SCHD and WCAP?
SCHD and WCAP have a monthly-return correlation of -0.17, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SCHD and WCAP?
7.0% of SCHD's money is in holdings WCAP also owns. 5.1% of WCAP's is in holdings SCHD also owns. They hold 2 positions in common, counted across the 100 positions we hold weights for in SCHD and 30 in WCAP.
Which pays a higher dividend, SCHD or WCAP?
SCHD yields 3.00% while WCAP yields 0.04%, so SCHD currently pays the higher dividend yield.
Is WCAP better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 45.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.