SCHD vs XDIV
SCHD vs XDIV
Schwab US Dividend Equity ETF vs Roundhill S&P 500 No Dividend Target 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 | XDIV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.08% | |
| AUM | $103.7B | $66M | |
| Dividend Yield | 3.31% | 0.00% | |
| Holdings | 104 | 2 | |
| YTD Return | +24.26% | +13.80% | |
| 1Y Return | +31.38% | +23.82% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 12.4% | |
| Max Drawdown | -33.4% | -9.2% | |
| Fund Family | Charles Schwab Asset Management | Roundhill Investments | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Jul 10, 2025 |
SCHD vs XDIV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Roundhill S&P 500 No Dividend Target ETF (XDIV) is a ETF from Roundhill Investments. Over the past year SCHD returned +31.38% while XDIV returned +23.82%. Year to date, SCHD is up 24.26% versus a gain of 13.80% for XDIV.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.4% for XDIV. 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 -9.2% for XDIV. 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 0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while XDIV charges 0.08%. On a $10,000 position that is $6 vs $8 annually, a gap of $2 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 0.00% for XDIV.
Holdings Overlap
SCHD and XDIV share 0 holdings out of 101 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 XDIV?
SCHD has an expense ratio of 0.06% while XDIV charges 0.08%. SCHD is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, SCHD or XDIV?
Over the past year SCHD returned +31.38% vs +23.82% for XDIV, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.39% vs +22.92% for XDIV. Past performance does not guarantee future results.
Which is riskier, SCHD or XDIV?
SCHD has been the more volatile fund at 13.6% annualized versus 12.4% for XDIV. Worst drawdown: SCHD -33.4% vs XDIV -9.2%.
Should I hold both SCHD and XDIV?
SCHD and XDIV have a monthly-return correlation of 0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and XDIV?
SCHD and XDIV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or XDIV?
SCHD yields 3.31% while XDIV yields 0.00%, so SCHD currently pays the higher dividend yield.
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