SCHD vs WINC
Schwab US Dividend Equity ETF vs Western Asset Short Duration Income ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. WINC offers more diversification with 128 holdings.
Side-by-Side Comparison
| Metric | SCHD | WINC | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.29% | |
| AUM | $103.7B | $12M | |
| Dividend Yield | 3.31% | 4.42% | |
| Holdings | 104 | 128 | |
| YTD Return | +25.62% | +3.43% | |
| 1Y Return | +32.62% | +4.87% | |
| 3Y Return (annualized) | +15.58% | +4.92% | |
| 5Y Return (annualized) | +9.63% | +2.48% | |
| Volatility (annualized) | 13.6% | 16.1% | |
| Max Drawdown | -33.4% | -32.0% | |
| Fund Family | Charles Schwab Asset Management | Franklin Templeton Investments (US) | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | Feb 7, 2019 |
SCHD vs WINC Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Western Asset Short Duration Income ETF (WINC) is a ETF from Franklin Templeton Investments (US). Over the past year SCHD returned +32.62% while WINC returned +4.87%. Year to date, SCHD is up 25.62% versus a gain of 3.43% for WINC.
Over three years, SCHD compounded at +15.58% per year against +4.92% for WINC; over five years the annualized figures are +9.63% and +2.48% respectively. Across the full 7-year window we track, SCHD has the edge at +11.47% annualized vs +3.18%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WINC has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -32.0% for WINC. 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 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while WINC charges 0.29%. On a $10,000 position that is $6 vs $29 annually, a gap of $23 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 4.42% for WINC.
Frequently Asked Questions
Which is cheaper, SCHD or WINC?
SCHD has an expense ratio of 0.06% while WINC charges 0.29%. SCHD is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, SCHD or WINC?
Over the past year SCHD returned +32.62% vs +4.87% for WINC, so SCHD leads on 1-year performance. Over the longest common window we track (7 years), SCHD annualized +11.47% vs +3.18% for WINC. Past performance does not guarantee future results.
Which is riskier, SCHD or WINC?
WINC has been the more volatile fund at 16.1% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs WINC -32.0%.
Should I hold both SCHD and WINC?
SCHD and WINC have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SCHD or WINC?
SCHD yields 3.31% while WINC yields 4.42%, so WINC currently pays the higher dividend yield.
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