BWG vs SCHD
BWG vs SCHD
BrandywineGLOBAL Global Income Opportunities Fund Inc vs Schwab US Dividend Equity 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 | BWG | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 2.66% | 0.06% | |
| AUM | $142M | $103.7B | |
| Dividend Yield | 11.05% | 3.31% | |
| Holdings | 110 | 104 | |
| YTD Return | -0.35% | +23.31% | |
| 1Y Return | +3.08% | +30.42% | |
| 3Y Return (annualized) | +10.90% | +14.66% | |
| 5Y Return (annualized) | +1.77% | +9.59% | |
| Volatility (annualized) | 15.5% | 13.6% | |
| Max Drawdown | -58.8% | -33.4% | |
| Fund Family | Franklin Templeton Investments (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 28, 2012 | Oct 20, 2011 |
BWG vs SCHD Performance
BrandywineGLOBAL Global Income Opportunities Fund Inc (BWG) is a ETF from Franklin Templeton Investments (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BWG returned +3.08% while SCHD returned +30.42%. Year to date, BWG is down 0.35% versus a gain of 23.31% for SCHD.
Over three years, BWG compounded at +10.90% per year against +14.66% for SCHD; over five years the annualized figures are +1.77% and +9.59% respectively. Across the full 14-year window we track, SCHD has the edge at +11.34% annualized vs -2.29%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BWG has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -58.8% for BWG 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BWG charges 2.66% per year while SCHD charges 0.06%. On a $10,000 position that is $266 vs $6 annually, a gap of $260 per year that compounds over a long holding period. On income, BWG currently yields 11.05% against 3.31% for SCHD.
Holdings Overlap
BWG and SCHD share 0 holdings out of 169 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, BWG or SCHD?
BWG has an expense ratio of 2.66% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $260 per year of difference.
Which performed better, BWG or SCHD?
Over the past year BWG returned +3.08% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (14 years), BWG annualized -2.29% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, BWG or SCHD?
BWG has been the more volatile fund at 15.5% annualized versus 13.6% for SCHD. Worst drawdown: BWG -58.8% vs SCHD -33.4%.
Should I hold both BWG and SCHD?
BWG and SCHD have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BWG and SCHD?
BWG and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 169 unique securities.
Which pays a higher dividend, BWG or SCHD?
BWG yields 11.05% while SCHD yields 3.31%, so BWG currently pays the higher dividend yield.
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