AFIX vs SCHD
AFIX vs SCHD
Allspring Broad Market Core Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. AFIX offers more diversification with 379 holdings.
Side-by-Side Comparison
| Metric | AFIX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $217M | $103.7B | |
| Dividend Yield | 5.03% | 3.31% | |
| Holdings | 561 | 104 | |
| YTD Return | -0.14% | +23.02% | |
| 1Y Return | +2.27% | +30.75% | |
| 3Y Return (annualized) | - | +14.89% | |
| 5Y Return (annualized) | - | +9.38% | |
| Volatility (annualized) | 3.5% | 13.6% | |
| Max Drawdown | -3.3% | -33.4% | |
| Fund Family | Allspring Global Investments | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 4, 2024 | Oct 20, 2011 |
AFIX vs SCHD Performance
Allspring Broad Market Core Bond ETF (AFIX) is a ETF from Allspring Global Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year AFIX returned +2.27% while SCHD returned +30.75%. Year to date, AFIX is down 0.14% versus a gain of 23.02% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.5% for AFIX. 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 -3.3% for AFIX and -33.4% for SCHD. 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AFIX charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, AFIX currently yields 5.03% against 3.31% for SCHD.
Holdings Overlap
AFIX and SCHD share 0 holdings out of 479 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, AFIX or SCHD?
AFIX has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, AFIX or SCHD?
Over the past year AFIX returned +2.27% vs +30.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), AFIX annualized +3.27% vs +11.33% for SCHD. Past performance does not guarantee future results.
Which is riskier, AFIX or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.5% for AFIX. Worst drawdown: AFIX -3.3% vs SCHD -33.4%.
Should I hold both AFIX and SCHD?
AFIX and SCHD have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AFIX and SCHD?
AFIX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 479 unique securities.
Which pays a higher dividend, AFIX or SCHD?
AFIX yields 5.03% while SCHD yields 3.31%, so AFIX currently pays the higher dividend yield.
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