SCHK vs VYM
Schwab 1000 Index ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
SCHK has a lower expense ratio. VYM delivered stronger 1-year returns. SCHK offers more diversification with 982 holdings.
Side-by-Side Comparison
| Metric | SCHK | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.04% | |
| AUM | $5.7B | $79.0B | |
| Dividend Yield | 1.03% | 2.86% | |
| Holdings | 991 | 568 | |
| YTD Return | +13.72% | +16.16% | |
| 1Y Return | +22.71% | +26.05% | |
| 3Y Return (annualized) | +21.41% | +18.43% | |
| 5Y Return (annualized) | +12.56% | +12.21% | |
| Volatility (annualized) | 16.7% | 14.6% | |
| Max Drawdown | -34.8% | -58.8% | |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 11, 2017 | Nov 10, 2006 |
SCHK vs VYM Performance
Schwab 1000 Index ETF (SCHK) is a ETF from Charles Schwab Asset Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SCHK returned +22.71% while VYM returned +26.05%. Year to date, SCHK is up 13.72% versus a gain of 16.16% for VYM.
Over three years, SCHK compounded at +21.41% per year against +18.43% for VYM; over five years the annualized figures are +12.56% and +12.21% respectively. Across the full 9-year window we track, SCHK has the edge at +14.04% annualized vs +7.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHK has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 14.6% for VYM. 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 -34.8% for SCHK and -58.8% for VYM. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SCHK charges 0.03% per year while VYM charges 0.04%. On a $10,000 position that is $3 vs $4 annually, a gap of $1 per year that compounds over a long holding period. On income, SCHK currently yields 1.03% against 2.86% for VYM.
Holdings Overlap
SCHK and VYM share 340 holdings out of 1200 unique holdings combined, representing a 33.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SCHK or VYM?
SCHK has an expense ratio of 0.03% while VYM charges 0.04%. SCHK is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SCHK or VYM?
Over the past year SCHK returned +22.71% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (9 years), SCHK annualized +14.04% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, SCHK or VYM?
SCHK has been the more volatile fund at 16.7% annualized versus 14.6% for VYM. Worst drawdown: SCHK -34.8% vs VYM -58.8%.
Should I hold both SCHK and VYM?
SCHK and VYM have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHK and VYM?
SCHK and VYM share 340 common holdings with a 33.0% weight overlap. Combined, they hold 1200 unique securities.
Which pays a higher dividend, SCHK or VYM?
SCHK yields 1.03% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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