SCHD vs WTPI
SCHD vs WTPI
Schwab US Dividend Equity ETF vs WisdomTree Equity Premium Income Fund
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 | WTPI | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.44% | |
| AUM | $103.7B | $491M | |
| Dividend Yield | 3.31% | 12.25% | |
| Holdings | 104 | 7 | |
| YTD Return | +24.26% | +6.66% | |
| 1Y Return | +31.38% | +16.48% | |
| 3Y Return (annualized) | +15.08% | +13.41% | |
| 5Y Return (annualized) | +9.72% | +9.60% | |
| Volatility (annualized) | 13.6% | 10.7% | |
| Max Drawdown | -33.4% | -32.3% | |
| Fund Family | Charles Schwab Asset Management | WisdomTree Investments | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Feb 24, 2016 |
SCHD vs WTPI Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and WisdomTree Equity Premium Income Fund (WTPI) is a ETF from WisdomTree Investments. Over the past year SCHD returned +31.38% while WTPI returned +16.48%. Year to date, SCHD is up 24.26% versus a gain of 6.66% for WTPI.
Over three years, SCHD compounded at +15.08% per year against +13.41% for WTPI; over five years the annualized figures are +9.72% and +9.60% respectively. Across the full 11-year window we track, SCHD has the edge at +11.39% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 10.7% for WTPI. 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 -32.3% for WTPI. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while WTPI charges 0.44%. On a $10,000 position that is $6 vs $44 annually, a gap of $38 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 12.25% for WTPI.
Holdings Overlap
SCHD and WTPI share 0 holdings out of 102 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 WTPI?
SCHD has an expense ratio of 0.06% while WTPI charges 0.44%. SCHD is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, SCHD or WTPI?
Over the past year SCHD returned +31.38% vs +16.48% for WTPI, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), SCHD annualized +11.39% vs +7.06% for WTPI. Past performance does not guarantee future results.
Which is riskier, SCHD or WTPI?
SCHD has been the more volatile fund at 13.6% annualized versus 10.7% for WTPI. Worst drawdown: SCHD -33.4% vs WTPI -32.3%.
Should I hold both SCHD and WTPI?
SCHD and WTPI have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and WTPI?
SCHD and WTPI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, SCHD or WTPI?
SCHD yields 3.31% while WTPI yields 12.25%, so WTPI currently pays the higher dividend yield.
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