SCHD vs ZECP
Schwab US Dividend Equity ETF vs Zacks Earnings Consistent Portfolio ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | SCHD | ZECP | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.55% | |
| AUM | $112.2B | $379M | |
| Dividend Yield | 3.13% | 0.73% | |
| Holdings | 103 | 64 | |
| YTD Return | +27.60% | +7.97% | |
| 1Y Return | +29.63% | +14.99% | |
| 3Y Return (annualized) | +16.43% | +15.12% | |
| 5Y Return (annualized) | +10.05% | +8.86% | |
| Volatility (annualized) | 13.6% | 14.0% | |
| Max Drawdown | -33.4% | -21.9% | |
| Fund Family | Charles Schwab Asset Management | Zacks | |
| Category | Equity | Equity | |
| Inception | Oct 20, 2011 | Aug 23, 2021 |
SCHD vs ZECP Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and Zacks Earnings Consistent Portfolio ETF (ZECP) is a ETF from Zacks. Over the past year SCHD returned +29.63% while ZECP returned +14.99%. Year to date, SCHD is up 27.60% versus a gain of 7.97% for ZECP.
Over three years, SCHD compounded at +16.43% per year against +15.12% for ZECP; over five years the annualized figures are +10.05% and +8.86% respectively. Across the full 5-year window we track, SCHD has the edge at +11.54% annualized vs +9.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ZECP has been the more volatile fund, with annualized monthly volatility of 14.0% compared with 13.6% 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 -21.9% for ZECP. 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHD charges 0.06% per year while ZECP charges 0.55%. On a $10,000 position that is $6 vs $55 annually, a gap of $49 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 0.73% for ZECP.
Holdings Overlap
SCHD and ZECP share 10 holdings out of 149 unique holdings combined, representing a 11.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHD or ZECP?
SCHD has an expense ratio of 0.06% while ZECP charges 0.55%. SCHD is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, SCHD or ZECP?
Over the past year SCHD returned +29.63% vs +14.99% for ZECP, so SCHD leads on 1-year performance. Over the longest common window we track (5 years), SCHD annualized +11.54% vs +9.00% for ZECP. Past performance does not guarantee future results.
Which is riskier, SCHD or ZECP?
ZECP has been the more volatile fund at 14.0% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs ZECP -21.9%.
Should I hold both SCHD and ZECP?
SCHD and ZECP have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and ZECP?
SCHD and ZECP share 10 common holdings with a 11.8% weight overlap. Combined, they hold 149 unique securities.
Which pays a higher dividend, SCHD or ZECP?
SCHD yields 3.13% while ZECP yields 0.73%, so SCHD currently pays the higher dividend yield.
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