SCHD vs XRLV
Schwab US Dividend Equity ETF vs Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
Which is better, SCHD or XRLV?
Large Cap Value against Large Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. XRLV is less concentrated, with 12.1% 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 | XRLV |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.25% |
| AUM | $112.1B | $29M |
| Dividend Yield | 3.00% | 2.08% |
| Holdings | 103 | 102 |
| Volatility (annualized) | 15.0% | 13.5%Best |
| Max Drawdown | -33.4%Best | -38.3% |
| $10,000 over 10.9 years | $28,570Best | $27,954 |
| Top 10 Weight | 41.8% | 12.1%Best |
| Fund Family | Charles Schwab Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Apr 6, 2015 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 209 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SCHD has data through Sep 17, 2026 and XRLV through Feb 20, 2026.
Volatility and max drawdown, and the $10,000 over 10.9 years row, are measured over the window both funds cover: Apr 9, 2015 to Feb 20, 2026 (10.9 years).
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 13.5% for XRLV. 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 -38.3% for XRLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHD charges 0.06% per year while XRLV charges 0.25%. On a $10,000 position that is $6 vs $25 annually, a gap of $19 per year that compounds over a long holding period. On income, SCHD currently yields 3.00% against 2.08% for XRLV.
Holdings Overlap
31.7% of SCHD's money is in holdings XRLV also owns. 10.9% of XRLV's money is in holdings SCHD also owns.
The two portfolios partly overlap.
The two holdings books were reported 335 days apart, SCHD as of Aug 31, 2026 and XRLV as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
11 positions in common, counted across the 100 positions we hold weights for in SCHD and 100 in XRLV, against full books of 103 and 102.
What only one of them owns
Our book lists 87 positions for XRLV that do not appear in our book for SCHD (87.1% of the fund), and 88 for SCHD that do not appear in XRLV (68.3%).
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.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in XRLV | Difference |
|---|---|---|---|
| ABTAbbott Laboratories | 4.69% | 0.97% | 3.72% |
| KOCoca Cola Co. | 4.17% | 1.15% | 3.02% |
| VZVerizon Communic | 3.97% | 0.91% | 3.06% |
| PGProcter & Gamble Company | 3.83% | 1.05% | 2.78% |
| HDHome Depot Inc/The | 3.88% | 0.91% | 2.97% |
| PEPPepsico Inc. | 3.64% | 1.00% | 2.64% |
| MOAltria Group Inc | 2.79% | 1.08% | 1.71% |
| ADPAutomatic Data Processing, Inc. | 2.79% | 1.05% | 1.74% |
| KMBKimberly-Clark Corp. | 0.87% | 0.98% | 0.11% |
| GISGeneral Mills In | 0.54% | 0.93% | 0.39% |
31.7% of SCHD is already inside XRLV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or XRLV?
SCHD has an expense ratio of 0.06% while XRLV charges 0.25%. SCHD is the cheaper option, by $19 a year on a $10,000 investment.
Which is riskier, SCHD or XRLV?
SCHD has been the more volatile fund at 15.0% annualized versus 13.5% for XRLV. Worst drawdown: SCHD -33.4% vs XRLV -38.3%.
Should I hold both SCHD and XRLV?
SCHD and XRLV have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SCHD and XRLV?
31.7% of SCHD's money is in holdings XRLV also owns. 10.9% of XRLV's is in holdings SCHD also owns. They hold 11 positions in common, counted across the 100 positions we hold weights for in SCHD and 100 in XRLV.
Which pays a higher dividend, SCHD or XRLV?
SCHD yields 3.00% while XRLV yields 2.08%, so SCHD currently pays the higher dividend yield.
Is XRLV better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. XRLV is less concentrated, with 12.1% 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.