SCHX vs VYM
Schwab US Large-Cap ETF vs Vanguard High Dividend Yield ETF
Which is better, SCHX or VYM?
Large Cap Blend against Large Cap Value.
SCHX has a lower expense ratio. SCHX led over 3Y, 5Y and the full window, VYM over 1Y. The two have moved almost in lockstep, correlation 0.91. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 36.2%.
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 | SCHX | VYM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.04% |
| AUM | $73.6B | $81.6B |
| Dividend Yield | 1.00% | 2.22% |
| Holdings | 752 | 613 |
| YTD Return | +12.26% | +13.91%Best |
| 1Y Return | +16.80% | +17.57%Best |
| 3Y Return (annualized) | +21.13%Best | +18.12% |
| 5Y Return (annualized) | +12.33%Best | +12.17% |
| Volatility (annualized) | 14.5% | 13.1%Best |
| Max Drawdown | -34.3%Best | -35.7% |
| $10,000 over 5 years | $17,885Best | $17,758 |
| Top 10 Weight | 36.2% | 25.9%Best |
| Fund Family | Charles Schwab Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 3, 2009 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 3, 2009 to Sep 11, 2026 (16.9 years).
SCHX vs VYM 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 16.9 years both funds cover.
SCHX vs VYM Performance
Schwab US Large-Cap ETF (SCHX) is an ETF from Charles Schwab Asset Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SCHX returned +16.80% while VYM returned +17.57%. Year to date, SCHX is up 12.26% versus a gain of 13.91% for VYM.
Over three years, SCHX compounded at +21.13% per year against +18.12% for VYM; over five years the annualized figures are +12.33% and +12.17% respectively. Across the full 17-year window we track, SCHX has the edge at +13.07% annualized vs +10.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHX has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 13.1% 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 -34.3% for SCHX and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SCHX 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, SCHX currently yields 1.00% against 2.22% for VYM.
Holdings Overlap
33.1% of SCHX's money is in holdings VYM also owns. 91.5% of VYM's money is in holdings SCHX also owns.
Most of VYM is already inside SCHX. Owning both mostly buys the same companies twice.
310 positions in common, counted across the 750 positions we hold weights for in SCHX and 603 in VYM, against full books of 752 and 613.
What only one of them owns
Our book lists 261 positions for VYM that do not appear in our book for SCHX (6.4% of the fund), and 415 for SCHX that do not appear in VYM (66.1%).
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 SCHX | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.85% | 7.29% | 4.44% |
| JPMJpmorgan Chase & Co. | 1.37% | 3.38% | 2.01% |
| JNJJohnson & Johnson | 0.89% | 2.54% | 1.65% |
| XOMExxon Mobil Corp. | 0.92% | 2.36% | 1.44% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.68% | 1.93% | 1.25% |
| CATCaterpillar, Inc. | 0.57% | 2.01% | 1.44% |
| ABBVAbbvie Inc. | 0.62% | 1.85% | 1.23% |
| BACBank Of America Corp. | 0.59% | 1.56% | 0.97% |
| UNHUnitedhealth Group Inc. | 0.53% | 1.56% | 1.03% |
| HDHome Depot Inc/The | 0.50% | 1.46% | 0.96% |
91.5% of VYM is already inside SCHX.
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, SCHX or VYM?
SCHX has an expense ratio of 0.03% while VYM charges 0.04%. SCHX is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SCHX or VYM?
Over the past year SCHX returned +16.80% vs +17.57% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (17 years), SCHX annualized +13.07% vs +10.44% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHX or VYM?
SCHX has been the more volatile fund at 14.5% annualized versus 13.1% for VYM. Worst drawdown: SCHX -34.3% vs VYM -35.7%.
Should I hold both SCHX and VYM?
SCHX and VYM have a monthly-return correlation of 0.91, 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 SCHX and VYM?
91.5% of VYM's money is in holdings SCHX also owns. 91.5% of VYM's is in holdings SCHX also owns. They hold 310 positions in common, counted across the 750 positions we hold weights for in SCHX and 603 in VYM.
Which pays a higher dividend, SCHX or VYM?
SCHX yields 1.00% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SCHX?
SCHX has a lower expense ratio. SCHX led over 3Y, 5Y and the full window, VYM over 1Y. The two have moved almost in lockstep, correlation 0.91. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 36.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.