SCHD vs WDIV
SCHD vs WDIV
Schwab US Dividend Equity ETF vs State Street SPDR S&P Global Dividend 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 | WDIV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.40% | |
| AUM | $103.7B | $276M | |
| Dividend Yield | 3.31% | 4.29% | |
| Holdings | 104 | 128 | |
| YTD Return | +24.26% | +13.75% | |
| 1Y Return | +31.38% | +23.50% | |
| 3Y Return (annualized) | +15.08% | +18.43% | |
| 5Y Return (annualized) | +9.72% | +9.36% | |
| Volatility (annualized) | 13.6% | 14.7% | |
| Max Drawdown | -33.4% | -44.5% | |
| Fund Family | Charles Schwab Asset Management | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | May 29, 2013 |
SCHD vs WDIV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and State Street SPDR S&P Global Dividend ETF (WDIV) is a ETF from SPDR State Street Global Advisors. Over the past year SCHD returned +31.38% while WDIV returned +23.50%. Year to date, SCHD is up 24.26% versus a gain of 13.75% for WDIV.
Over three years, SCHD compounded at +15.08% per year against +18.43% for WDIV; over five years the annualized figures are +9.72% and +9.36% respectively. Across the full 13-year window we track, SCHD has the edge at +11.39% annualized vs +4.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WDIV has been the more volatile fund, with annualized monthly volatility of 14.7% 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 -44.5% for WDIV. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while WDIV charges 0.40%. On a $10,000 position that is $6 vs $40 annually, a gap of $34 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 4.29% for WDIV.
Holdings Overlap
SCHD and WDIV share 6 holdings out of 188 unique holdings combined, representing a 4.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in WDIV | Difference |
|---|---|---|---|
| VZ | 3.68% | 1.45% | 2.23% |
| MO | 3.15% | 1.72% | 1.43% |
| OKE | 1.50% | 1.29% | 0.21% |
| COLB | Pro | Pro | Pro |
| VRTS | Pro | Pro | Pro |
| GVMXX | Pro | Pro | Pro |
See all 6 holdings SCHD shares with WDIV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SCHD or WDIV?
SCHD has an expense ratio of 0.06% while WDIV charges 0.40%. SCHD is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, SCHD or WDIV?
Over the past year SCHD returned +31.38% vs +23.50% for WDIV, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), SCHD annualized +11.39% vs +4.51% for WDIV. Past performance does not guarantee future results.
Which is riskier, SCHD or WDIV?
WDIV has been the more volatile fund at 14.7% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs WDIV -44.5%.
Should I hold both SCHD and WDIV?
SCHD and WDIV have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and WDIV?
SCHD and WDIV share 6 common holdings with a 4.8% weight overlap. Combined, they hold 188 unique securities.
Which pays a higher dividend, SCHD or WDIV?
SCHD yields 3.31% while WDIV yields 4.29%, so WDIV currently pays the higher dividend yield.
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