SCHD vs XV
Schwab US Dividend Equity ETF vs Simplify Target 15 Distribution 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 | XV | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.75% | |
| AUM | $103.7B | $73M | |
| Dividend Yield | 3.31% | 19.16% | |
| Holdings | 104 | 26 | |
| YTD Return | +24.26% | +6.96% | |
| 1Y Return | +31.38% | +12.50% | |
| 3Y Return (annualized) | +15.08% | - | |
| 5Y Return (annualized) | +9.72% | - | |
| Volatility (annualized) | 13.6% | 7.7% | |
| Max Drawdown | -33.4% | -5.7% | |
| Fund Family | Charles Schwab Asset Management | Simplify Exchange Traded Funds | |
| Category | Equity | Alternative | |
| Inception | Oct 20, 2011 | Apr 14, 2025 |
SCHD vs XV Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Simplify Target 15 Distribution ETF (XV) is a ETF from Simplify Exchange Traded Funds. Over the past year SCHD returned +31.38% while XV returned +12.50%. Year to date, SCHD is up 24.26% versus a gain of 6.96% for XV.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 7.7% for XV. 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 -5.7% for XV. 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 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while XV charges 0.75%. On a $10,000 position that is $6 vs $75 annually, a gap of $69 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 19.16% for XV.
Holdings Overlap
SCHD and XV 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 XV?
SCHD has an expense ratio of 0.06% while XV charges 0.75%. SCHD is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, SCHD or XV?
Over the past year SCHD returned +31.38% vs +12.50% for XV, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), SCHD annualized +11.39% vs +17.87% for XV. Past performance does not guarantee future results.
Which is riskier, SCHD or XV?
SCHD has been the more volatile fund at 13.6% annualized versus 7.7% for XV. Worst drawdown: SCHD -33.4% vs XV -5.7%.
Should I hold both SCHD and XV?
SCHD and XV have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and XV?
SCHD and XV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 101 unique securities.
Which pays a higher dividend, SCHD or XV?
SCHD yields 3.31% while XV yields 19.16%, so XV currently pays the higher dividend yield.
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