CAPE vs SCHD
CAPE vs SCHD
DoubleLine Shiller CAPE US Equities ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. CAPE offers more diversification with 194 holdings.
Side-by-Side Comparison
| Metric | CAPE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.06% | |
| AUM | $240M | $103.7B | |
| Dividend Yield | 1.25% | 3.31% | |
| Holdings | 196 | 104 | |
| YTD Return | +2.70% | +22.69% | |
| 1Y Return | +5.64% | +30.94% | |
| 3Y Return (annualized) | +10.42% | +14.20% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 16.8% | 13.7% | |
| Max Drawdown | -22.1% | -33.4% | |
| Fund Family | DoubleLine Funds | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Mar 31, 2022 | Oct 20, 2011 |
CAPE vs SCHD Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is a ETF from DoubleLine Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year CAPE returned +5.64% while SCHD returned +30.94%. Year to date, CAPE is up 2.70% versus a gain of 22.69% for SCHD.
Over three years, CAPE compounded at +10.42% per year against +14.20% for SCHD. Across the full 4-year window we track, SCHD has the edge at +11.31% annualized vs +7.67%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAPE has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 13.7% 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 -22.1% for CAPE 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, CAPE currently yields 1.25% against 3.31% for SCHD.
Holdings Overlap
CAPE and SCHD share 11 holdings out of 283 unique holdings combined, representing a 9.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CAPE | Weight in SCHD | Difference |
|---|---|---|---|
| MRK | 1.40% | 4.32% | 2.92% |
| UNH | 1.15% | 4.54% | 3.39% |
| HD | 1.48% | 4.16% | 2.68% |
| ABT | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| BMY | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
| F | Pro | Pro | Pro |
| DRI | Pro | Pro | Pro |
See all 10 holdings CAPE shares with SCHD Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, CAPE or SCHD?
CAPE has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, CAPE or SCHD?
Over the past year CAPE returned +5.64% vs +30.94% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (4 years), CAPE annualized +7.67% vs +11.31% for SCHD. Past performance does not guarantee future results.
Which is riskier, CAPE or SCHD?
CAPE has been the more volatile fund at 16.8% annualized versus 13.7% for SCHD. Worst drawdown: CAPE -22.1% vs SCHD -33.4%.
Should I hold both CAPE and SCHD?
CAPE and SCHD have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CAPE and SCHD?
CAPE and SCHD share 11 common holdings with a 9.6% weight overlap. Combined, they hold 283 unique securities.
Which pays a higher dividend, CAPE or SCHD?
CAPE yields 1.25% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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