SCHD vs WCPB
SCHD vs WCPB
Schwab US Dividend Equity ETF vs Weitz Core Plus Bond ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | SCHD | WCPB | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.45% | |
| AUM | $103.7B | $233M | |
| Dividend Yield | 3.31% | 4.01% | |
| Holdings | 104 | 137 | |
| YTD Return | +24.26% | +1.20% | |
| 1Y Return | +31.38% | +4.18% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 3.0% | |
| Max Drawdown | -33.4% | -2.6% | |
| Fund Family | Charles Schwab Asset Management | Weitz Investment Management, Inc | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Aug 12, 2025 |
SCHD vs WCPB Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Weitz Core Plus Bond ETF (WCPB) is a ETF from Weitz Investment Management, Inc. Over the past year SCHD returned +31.38% while WCPB returned +4.18%. Year to date, SCHD is up 24.26% versus a gain of 1.20% for WCPB.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.0% for WCPB. 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 -2.6% for WCPB. 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 0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while WCPB charges 0.45%. On a $10,000 position that is $6 vs $45 annually, a gap of $39 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 4.01% for WCPB.
Holdings Overlap
SCHD and WCPB share 0 holdings out of 114 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or WCPB?
SCHD has an expense ratio of 0.06% while WCPB charges 0.45%. SCHD is the cheaper option. On a $10,000 investment, that is $39 per year of difference.
Which performed better, SCHD or WCPB?
Over the past year SCHD returned +31.38% vs +4.18% for WCPB, so SCHD leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, SCHD or WCPB?
SCHD has been the more volatile fund at 13.6% annualized versus 3.0% for WCPB. Worst drawdown: SCHD -33.4% vs WCPB -2.6%.
Should I hold both SCHD and WCPB?
SCHD and WCPB have a monthly-return correlation of 0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and WCPB?
SCHD and WCPB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 114 unique securities.
Which pays a higher dividend, SCHD or WCPB?
SCHD yields 3.31% while WCPB yields 4.01%, so WCPB currently pays the higher dividend yield.
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