SCHD vs XSHD
Schwab US Dividend Equity ETF vs Invesco S&P SmallCap High Dividend Low Volatility ETF
Which is better, SCHD or XSHD?
Large Cap Value against Small Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. XSHD is less concentrated, with 30.6% of the fund in its ten largest positions against 41.5%.
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 | XSHD |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.30% |
| AUM | $112.2B | $71M |
| Dividend Yield | 3.13% | 4.90% |
| Holdings | 103 | 55 |
| YTD Return | +26.13%Best | +9.23% |
| 1Y Return | +30.01%Best | +3.48% |
| 3Y Return (annualized) | +16.09%Best | +1.92% |
| 5Y Return (annualized) | +9.95%Best | -3.98% |
| Volatility (annualized) | 15.4%Best | 21.5% |
| Max Drawdown | -33.4%Best | -49.5% |
| $10,000 over 5 years | $16,069Best | $8,162 |
| Top 10 Weight | 41.5% | 30.6%Best |
| Fund Family | Charles Schwab Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Small Cap Value |
| Inception | Oct 20, 2011 | Dec 1, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Dec 1, 2016 to Sep 8, 2026 (9.8 years).
SCHD vs XSHD 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 9.8 years both funds cover.
SCHD vs XSHD Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) is an ETF from Invesco (US). Over the past year SCHD returned +30.01% while XSHD returned +3.48%. Year to date, SCHD is up 26.13% versus a gain of 9.23% for XSHD.
Over three years, SCHD compounded at +16.09% per year against +1.92% for XSHD; over five years the annualized figures are +9.95% and -3.98% respectively. Across the full 10-year window we track, SCHD has the edge at +11.63% annualized vs -0.48%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XSHD has been the more volatile fund, with annualized monthly volatility of 21.5% compared with 15.4% 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 -49.5% for XSHD. 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 XSHD charges 0.30%. On a $10,000 position that is $6 vs $30 annually, a gap of $24 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 4.90% for XSHD.
Holdings Overlap
0.3% of SCHD's money is in holdings XSHD also owns. 9.5% of XSHD's money is in holdings SCHD also owns.
XSHD and SCHD share little of their money.
5 positions in common, counted across the 100 positions we hold weights for in SCHD and 60 in XSHD, against full books of 103 and 55.
What only one of them owns
Our book lists 54 positions for XSHD that do not appear in our book for SCHD (88.8% of the fund), and 93 for SCHD that do not appear in XSHD (99.3%).
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.
You are not choosing between two funds in isolation.
Whichever of SCHD and XSHD 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 XSHD?
SCHD has an expense ratio of 0.06% while XSHD charges 0.30%. SCHD is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, SCHD or XSHD?
Over the past year SCHD returned +30.01% vs +3.48% for XSHD, so SCHD leads on 1-year performance. Over the longest common window we track (10 years), SCHD annualized +11.63% vs -0.48% for XSHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or XSHD?
XSHD has been the more volatile fund at 21.5% annualized versus 15.4% for SCHD. Worst drawdown: SCHD -33.4% vs XSHD -49.5%.
Should I hold both SCHD and XSHD?
SCHD and XSHD 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 XSHD?
9.5% of XSHD's money is in holdings SCHD also owns. 9.5% of XSHD'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 60 in XSHD.
Which pays a higher dividend, SCHD or XSHD?
SCHD yields 3.13% while XSHD yields 4.90%, so XSHD currently pays the higher dividend yield.
Is XSHD better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. XSHD is less concentrated, with 30.6% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.