SCHD vs WDIV
Schwab US Dividend Equity ETF vs State Street SPDR S&P Global Dividend ETF
Which is better, SCHD or WDIV?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, WDIV over 3Y. WDIV is less concentrated, with 17.5% of the fund in its ten largest positions against 41.8%.
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 | WDIV |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.40% |
| AUM | $112.1B | $289M |
| Dividend Yield | 3.00% | 4.01% |
| Holdings | 103 | 121 |
| YTD Return | +24.04%Best | +12.73% |
| 1Y Return | +27.95%Best | +18.56% |
| 3Y Return (annualized) | +15.51% | +18.13%Best |
| 5Y Return (annualized) | +9.80%Best | +9.09% |
| Volatility (annualized) | 14.2%Best | 14.7% |
| Max Drawdown | -33.4%Best | -44.5% |
| $10,000 over 5 years | $15,959Best | $15,450 |
| Top 10 Weight | 41.8% | 17.5%Best |
| Fund Family | Charles Schwab Asset Management | SPDR State Street Global Advisors |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | May 29, 2013 |
Volatility and max drawdown are measured over the window both funds cover: May 30, 2013 to Sep 16, 2026 (13.3 years).
SCHD vs WDIV 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 13.3 years both funds cover.
SCHD vs WDIV Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and State Street SPDR S&P Global Dividend ETF (WDIV) is an ETF from SPDR State Street Global Advisors. Over the past year SCHD returned +27.95% while WDIV returned +18.56%. Year to date, SCHD is up 24.04% versus a gain of 12.73% for WDIV.
Over three years, SCHD compounded at +15.51% per year against +18.13% for WDIV; over five years the annualized figures are +9.80% and +9.09% respectively. Across the full 13-year window we track, SCHD has the edge at +10.24% annualized vs +4.41%.
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 14.2% 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 what each fund did in the worst stretch of the window measured above.
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 3.00% against 4.01% for WDIV.
Holdings Overlap
8.5% of SCHD's money is in holdings WDIV also owns. 6.3% of WDIV's money is in holdings SCHD also owns.
SCHD and WDIV share little of their money.
5 positions in common, counted across the 100 positions we hold weights for in SCHD and 95 in WDIV, against full books of 103 and 121.
What only one of them owns
Our book lists 17 positions for WDIV that do not appear in our book for SCHD (19.0% of the fund), and 94 for SCHD that do not appear in WDIV (91.5%).
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 WDIV 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 WDIV?
SCHD has an expense ratio of 0.06% while WDIV charges 0.40%. SCHD is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, SCHD or WDIV?
Over the past year SCHD returned +27.95% vs +18.56% for WDIV, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), SCHD annualized +10.24% vs +4.41% for WDIV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or WDIV?
WDIV has been the more volatile fund at 14.7% annualized versus 14.2% 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 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 WDIV?
8.5% of SCHD's money is in holdings WDIV also owns. 6.3% of WDIV's is in holdings SCHD also owns. They hold 5 positions in common, counted across the 100 positions we hold weights for in SCHD and 95 in WDIV.
Which pays a higher dividend, SCHD or WDIV?
SCHD yields 3.00% while WDIV yields 4.01%, so WDIV currently pays the higher dividend yield.
Is WDIV better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, WDIV over 3Y. WDIV is less concentrated, with 17.5% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.